Business news
- Trump threatens to impose 100% tariff if Canada makes deal with China - In his Truth Social post, Trump suggested that China would try to use Canada to try to avoid paying U.S. tariffs.
- As federal ACA subsidies lapse, blue states offer their own - A handful of states have moved to soften the blow of lapsed federal subsidies for health insurance premiums.
- New Berkshire CEO Abel quickly signals troubled Kraft Heinz stake could be toast - With Greg Abel as Berkshire Hathaway's new CEO of Berkshire Hathaway, the company is apparently preparing to sell some or all of its Kraft Heinz shares.
- Winter Storm Fern could cause significant power outages - The electric grid in many parts of the U.S. is already under strain due to rising demand from data centers and the slow construction of new power generation.
- Investors went to Davos for AI. They left talking about Greenland - Two Davos's emerged: one chasing AI’s future, the other gripped by Greenland, tariffs and the geopolitical risks reshaping investor playbooks.
- Meta's Reality Labs cuts sparked fears of a 'VR winter' - Meta's deprioritizing virtual reality in favor of artificial intelligence and Internet-connected smart glasses raised concerns about the future of the industry.
- I spent the week with tech CEOs. Here's what they're talking about - Four themes were top of mind for tech executives at Davos, and they were all about AI.
- Sen. Kirsten Gillibrand 'optimistic' Senate Agriculture will advance crypto bill despite differences - Sen. Kirsten Gillibrand, D-N.Y., is "very optimistic" the Senate Agriculture Committee's updated cryptocurrency market structure bill will move forward.
- Nvidia director Persis Drell resigns with $26 million worth of stock after decade on board - Nvidia's board now has 10 directors, including CEO Jensen Huang,
- Major winter storm may affect over 170 million Americans — how much it could cost you - Many households can expect to pay more to cover groceries, heating, disrupted travel plans and insured losses due to the winter storm expected to hit the U.S.