Business Briefs | Revlon Cutting 250 Jobs; 3m Purchase Falls Through

Stylists helped us narrow down which sneaker trends will be popular and out this year.andersphoto/ShutterstockBusiness Insider spoke to three professional stylists about sneakers that will be in and out in 2025Adidas sambas may be a little basic, but the silhouette still offers a great look. You can take a break from your Converse this year — they're not as popular right now.

iStock; Rebecca Zisser/BIThe stock market is pricing in a handful things that might not pan out, according to Deutsche Bank. The bank highlighted three of the "most obvious" dislocations in US markets. Rate cuts, Trump's tariffs, and stock valuations are things investors might need to correct their views on. Investors may be mispricing a handful of things that are being factored into market outlooks in 2025, according to Deutsche Bank.

Citi CEO Jane Fraser. SAUL LOEB/Getty ImagesCitigroup announced changes in its technology and services divisions. CEO Jane Fraser aims to simplify the bank's structure and focus on profitable business lines. Two key executives are leaving the bank amid the reshuffles. Sprawling Citigroup is no stranger to reorganizations since its CEO, Jane Fraser, took the helm of the global bank in 2021.

Mia Regan, Romeo Beckham, Cruz Beckham, Harper Beckham, David Beckham, Victoria Beckham, Brooklyn Beckham, and Nicola Peltz-Beckham at the "Beckham" UK premiere. Karwai Tang/WireImageDavid Beckham told a Davos panel that he works hard to set an example for his children. He retired from soccer in 2013 with vast wealth — reported at the time to be £165 million ($202 million).

Companies are saying farewell on TikTok. Jaap Arriens/NurPhoto via Getty Images. This post originally appeared in the Business Insider Today newsletter. You can sign up for Business Insider's daily newsletter here. Good morning. Hallam Bullock here, filling in for Dan while he's in Davos this week for the World Economic Forum's annual meeting.

A local, multi-generational family has officially purchased The Abbey. The John Paul Ary families closed the deal two weeks ago. “We are excited about it,” Josh Ary said. “I think it’s looked at as a great opportunity to help improve the community and keep it local.” He said it could take up to a year to decide exactly what the best use for the property will be. “The main driving force is something that’s going to improve the community,” Ary said.