Business news
- European markets head for mixed open as Greenland fears grow - European stocks are expected to open in mixed territory Wednesday as regional market jitters grow over U.S. President Donald Trump's threat to annex Greenland.
- Trump administration freezes $10B in child, family aid to 5 states over fraud concerns - The move comes a day after Minnesota Gov. Tim Walz said he would not seek reelection amid political fallout over a massive fraud probe in his state.
- Asia-Pacific markets trade mixed as investors parse Australia inflation data - Asia-Pacific markets were mixed on Wednesday as investors await inflation data coming out of Australia.
- Berkshire Hathaway lifts new CEO Greg Abel’s salary to $25 million - Abel took the helm of Berkshire Hathaway on Jan. 1, succeeding legendary investor Warren Buffett.
- Trump says Venezuela to give up to 50 million barrels of oil to U.S. - Trump's announcement came days after U.S. forces attacked Venezuela and captured its leader, Nicolas Maduro, to be prosecuted on drug-trafficking charges.
- Trump weighs using U.S. military to acquire Greenland: White House - President Donald Trump is considering "a range of options" in order to acquire Greenland, including "utilizing the U.S. Military," the White House said.
- Elon Musk's xAI raises $20 billion from investors including Nvidia, Cisco, Fidelity - Elon Musk's AI said it raised $20 billion in new funding after CNBC reported in November that a financing round would value the company at about $230 billion.
- Venezuela bonds are the hottest trade on Wall Street this week. But there are big risks from here - Investors are betting that a political transition along with a clearer path to asset recovery could unlock value that has been frozen for nearly a decade.
- AMD's Lisa Su says AI isn't replacing people, but is changing who they hire - AMD CEO Lisa Su said AI has not slowed the pace of hiring at the company.
- Republican Rep. Doug LaMalfa dies at 65, GOP says - LaMalfa's death is a critical shift in the balance of power in the U.S. House of Representatives, tightening Republicans' razor-thin majority.