Facebook announces major changes to its news feed that will prioritize posts from friends over those from businesses or third parties. And Peter Thiel, the man who funded Hulk Hogan's lawsuit against Gawker, is reportedly now trying to buy the company. Plus Wal-Mart coming off a roller coaster day with employee bonuses *and* layoffs. We break down why the retailer made both of these announcements on the same day, and what it means for its image. And a look at the hottest cars at CES. From electric vehicles to self-driving technology to connected vehicles, we break down all the coolest unveils.

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Klarna shares jump 30% on Wall Street debut
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Musk loses crown as world’s richest to software giant Larry Ellison
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
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