Weekend Update: Davos, Sweetgreen, Student Loans, Super Micro Computer, and Houthis' saga.

Leaders at Davos see a global economy moving toward a new normal

• Christine Lagarde, president of the European Central Bank, said consumption, trade and inflation began to normalize last year.

• While the three trends Lagarde identified represent a “normalization,” she said: “It is not normality that we are heading to” in 2024.

• Germany’s Minister of Finance Christian Lindner characterized the current economic situation as a “new normal.”

Sweetgreen wants to be the ‘McDonald’s of its generation.’ This rival salad chain could beat it

• Salad and Go wants to provide a healthier, cheap fast-food option with its $7 salads and wraps.

• Founded in 2013, the salad chain is now run by former Wingstop CEO Charlie Morrison.

• Morrison said the chain has expansion plans that could mean thousands of locations eventually.

Biden administration to forgive $4.9 billion in student debt for 73,600 borrowers

• The Biden administration announced Friday it would forgive $4.9 billion in student debt for 73,600 borrowers.

• The relief is a result of the U.S. Department of Education’s fixes to its income-driven repayment plans and Public Service Loan Forgiveness program.

Super Micro shares soar 36% to record on uplifting preliminary results

• Super Micro shares soared to an all-time high Friday, after the company reported higher-than-expected revenue in a preliminary earnings report.

• The company said revenue for the quarter that ended in December will be $3.6 billion to $3.65 billion, above the $3.06 billion analysts expected.

• Super Micro’s stock jumped almost 250% last year.

Houthis embrace ‘direct confrontation’ with U.S. as Biden admits airstrikes aren’t working

• The U.S. carried out its fifth airstrike against Houthi targets in Yemen late Thursday night.

• The Iran-backed rebel group within hours launched two anti-ship ballistic missiles at a U.S.-owned tanker.

• The Houthis say their campaign is in response to Israel’s bombardment of the Gaza Strip and U.S. support for it.