Business news

• Trump scared Europe with his national security strategy. That's no bad thing, ex-CIA chief says - Former CIA Director General Petraeus told CNBC it was good that European nations had received a wake-up call to look after their future defense and security.
• CNBC's Inside India newsletter: India's $3.3 trillion opportunity for global fund houses - Indian retail investor-driven mutual fund assets are expected to touch $3.3 trillion by 2035, according to a Bain & Company report.
• 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's quarterly beat isn't enough to knock out the bears — here's what could - The quarter looked pretty down the fairway, with beats across key line items — the membership renewal rate.
• Oracle's lease commitments jump by almost 150% as company builds out to meet AI demand - Oracle's lease commitments now total $248 billion, with $10 billion tied to cloud capacity.
• Trump signs executive order for single national AI regulation framework, limiting power of states - TechTrump signs executive order for single national AI regulation framework, limiting power of statesPublished Thu, Dec 11 20256:43 PM ESTJennifer Elias@https:/
• 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.
• Broadcom beats on earnings and revenue, says AI chip sales will double in current quarter - Broadcom stock is near an all-time high and has climbed 75% so far in 2025.
• Musk says SpaceX report of 2026 IPO is 'accurate' - Elon Musk ally Jared Isaacman looks set to be confirmed as the new NASA administrator after President Donald Trump renominated him for the role.
• Trump willing to seize more oil tankers off Venezuela coast, White House official says - The Trump administration has launched a major military buildup in the Caribbean as it escalates pressure on President Nicolás Maduro.