Breaking News: Markets
- 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.
- Asia-Pacific markets set to rebound after Trump climbs down from Europe tariff threats - Trump also said that he would not use force to acquire Greenland.
- South Korea grows 1.5% in fourth quarter, missing forecasts as domestic demand weakens - South Korea's economic growth slowed in the final quarter of last year amid weakening domestic demand as the impact from fiscal stimulus disspated.
- Jamie Dimon issues rare CEO criticism of Trump's immigration policy: 'I don’t like what I’m seeing' - American CEOs have mostly avoided direct criticism of Trump's policies over the past year.
- Jamie Dimon says U.S. should impose Trump's credit card rate cap in Vermont and Massachusetts - JPMorgan Chase CEO Jamie Dimon on Wednesday advocated for a test of President Donald Trump's proposed credit card rate cap in Vermont and Massachusetts.
- Trump calls for 'immediate negotiations' on Greenland, but rules out using force - President Donald Trump called for "immediate negotiations" with Denmark to "discuss the acquisition of Greenland by the United States."
- OpenEvidence, the 'ChatGPT for doctors,' doubles valuation to $12 billion - OpenEvidence, based in Massachusetts, has topped a $12 billion valuation in a funding round led by Thrive and DST.
- Gold breaks new record on Greenland tariff threats, with forecast of $7,000 on the cards - Gold prices climbed to another record of over $4,800 on Wednesday, extending its sharp rally.