Breaking News: Business

• Lululemon CEO Calvin McDonald to depart in January as retailer struggles to compete, woo shoppers - Lululemon's CEO Calvin McDonald will leave the athleisure retailer at the end of January as sales in its largest market sag and consumers flee to competitors.
• Costco tops Wall Street's sales and revenue expectations - Costco on Thursday surpassed Wall Street's quarterly expectations as its sales rose 8.2% year over year.
• Home prices go negative for the first time in over 2 years — and may stay that way for a while - Home prices have not gone negative since mid-2023, a year after the Federal Reserve first brought rates up from zero, and mortgage rates moved sharply higher.
• Rivian announces new AI tech, in-house chip and robotaxi ambitions - The company has also developed AI models to power its Autonomy+ subscription, which it intends to roll out early next year for $2,500 upfront or $49.99 a month.
• Disney making $1 billion investment in OpenAI, will allow characters on Sora AI video generator - TechDisney making $1 billion investment in OpenAI, will allow characters on Sora AI video generatorPublished Thu, Dec 11 20259:02 AM ESTUpdated 4 Min AgoAshley
• Eli Lilly's next-generation obesity drug delivers strong weight loss, reduces knee pain in late-stage trial   - The drugmaker is betting big on retatrutide as the next pillar of its obesity portfolio after its weight loss injection Zepbound and its upcoming pill. 
• Southwest CEO says airline 'actively pursuing' network of airport lounges - Southwest's CEO said the carrier is weighing a network of airport lounges
• Rivian turns to AI, autonomy to woo investors as EV sales stall - Rivian is under pressure to deliver future growth potential for investors and expand its customer base amid slowing sales of electric vehicles.
• Refinance demand for FHA loans jumps 24%, as homeowners seek the most savings they can - Current homeowners are turning to government FHA loans, which offer lower interest rates, to find savings, as conventional rates turn higher.
• Commercial real estate deal volume drops for the first time in nearly two years - Commercial real estate has had a rough year after gaining momentum coming out of the pandemic.