Scott Horsley

Warner Bros.

says it's still backing a sale of its studio and streaming services to Netflix, but the company's given rival bidder Paramount Skydance an extra seven days to sweeten its offer.

Paramount has until Monday to come up with a better bid.

People are not eating their Wheaties as much as the cereal's maker would like.

General Mills lowered its sales forecast for the year, saying nervous shoppers are dialing back their purchases of cereal, snacks, and dog food.

A monthly survey of fund managers by Bank of America finds skepticism about the massive investment in artificial intelligence, while generally bullish fund managers say tech companies are spending too much on AI.

Scott Horsley, NPR News, Washington.

Stock markets were also closed overnight in Beijing and Seoul ahead of the Lunar New Year, which begins tomorrow.

Stocks rose in Hong Kong during a half-day session but fell in Tokyo after the Japanese government reported slower-than-expected economic growth during the fourth quarter.

Here in the U.S., we'll get fourth-quarter GDP numbers on Friday, along with a report card on inflation from the Commerce Department, which is closely watched by the Federal Reserve.

Walmart is set to report quarterly earnings on Thursday.

The discount retailer has been thriving in a period when many shoppers are looking for ways to cut corners.

This will be Walmart's first quarterly report since John Ferner took over as CEO.

Scott Horsley, NPR News, Washington.

The latest cost of living index from the Labor Department shows prices rose more slowly in January than they did the months before.

Rising rents and grocery prices last month were partially offset by the falling price of gasoline.

Gasoline prices have tumbled 7.5 percent over the last year.

But the price of electricity and natural gas has jumped sharply.

Grocery prices in January were up 2.1 percent from a year ago.

Airfares also got more expensive last month, while used cars and trucks got cheaper.