Markets
- Trump's push for Greenland mineral rights could block China's access to rare earths - Greenland has the eighth largest rare earth reserves in the world at 1.5 million tons, according to 2024 data from the U.S. Geological Survey.
- Shares of CSG, one of the world’s fastest-growing defense firms, jump 30% on debut - Shares of Czech-based defense firm Czechoslovak Group (CSG) soared over 30% on its stock market debut on Friday.
- Airlines cancel hundreds of flights as massive winter storm sweeps across U.S. - U.S. airlines canceled flights and waived change fees for travelers as a cold snap and massive winter storm were forecast to sweep across the country.
- Nvidia’s Huang to visit China as AI chip sales stall - Nvidia CEO Jensen Huang plans to visit China ahead of the mid-February Lunar New Year, two people familiar with the matter told CNBC.
- Asia-Pacific markets mostly rise ahead of Bank of Japan decision - Asia-Pacific markets mostly climbed, tracking Wall Street gains as geopolitical concerns eased and investors looked ahead to the Bank of Japan's decision.
- Fed's main gauge shows inflation at 2.8% in November, edging further away from target - Inflation drifted slightly further from the Federal Reserve's target in November though in line with expectations.
- Trump's latest tariffs U-turn is sparking a global market rally — and reviving talk of the 'TACO trade' - "Donald Trump’s TACO bell has rung once again, much to the joy of financial markets," one investor said on Thursday.
- Procter & Gamble earnings top estimates, but shrinking demand weighs on sales - Procter & Gamble topped Wall Street's estimates for its quarterly earnings, but the company's revenue was weaker than expected.
- European markets set to rocket on Trump's Greenland 'deal,' tariffs retreat - European stocks are expected to open higher after U.S. President Donald Trump said a framework agreement had been reached on Greenland and called off tariffs.
- Fossil fuels are a 'crutch': How AI's unlikely winner could be renewable energy - The IEA revised its 2025-2030 growth forecast for renewables downward by 5% compared to 2024, reflecting the changing sentiment and policy.