European shares ‌logged ​their biggest daily drop in ‌two months on Monday as investors were rattled by President Donald Trump’s ​threat of additional tariffs on eight European countries until the U.S. is allowed to buy Greenland. The pan-European STOXX ‍600 fell 1.2%, with benchmarks in ​export-heavy economies such as Germany and France down over 1.3% each. Trump said he would impose an ​additional 10% tariff ⁠starting February 1 on goods from Denmark, Norway, Sweden, France

President Donald Trump speaks to reporters as he departs the White House in Washington, on Friday, Jan. 16, 2026. (Anna Rose Layden/The New York Times) By SHAWN McCREESH, ANA SWANSON and JEANNA SMIALEK President Donald Trump announced in a social media post Saturday morning his latest strategy to get control of Greenland: He is slapping new tariffs on a bloc of European nations until they come to the negotiating table to sell Greenland. Greenland is a territory of Denmark, wh

Friday’s monthly options expiration is ‌likely ​to expose U.S. stocks to greater swings in ‌either direction in coming days, potentially boosting market volatility from historically low levels, according to options market ​experts. Options offer investors the right to buy or sell stock at a fixed price by a fixed date in the future called the expiration date. ‍While large options expirations happen monthly, this month’s ​is being particularly closely watched by market partici

Grok’s prompt page, displayed on a phone in Berkeley, Calif., on Oct. 29, 2025. California’s attorney general on Wednesday, Jan. 14, 2026, said the state had opened an investigation into Elon Musk’s artificial intelligence company, xAI, for generating sexualized images of women and children. (Andria Lo/The New York Times) By KATE CONGER California’s attorney general earlier this week said the state had opened an investigation into Elon Musk’s artificial intelligence company,

Wall Street’s investment bankers expect to stay busy ‌this ​year after reaping a windfall from big-ticket deals and stock ‌market listings in 2025. Top U.S. banks reported stronger fourth-quarter profits this week, with Goldman Sachs’ investment banking fees jumping 25% on a dealmaking ​boost and rival Morgan Stanley reporting a 47% surge in investment banking revenue. Citigroup clinched record revenue from M&A advisory last year. “We are seeing an accelerating pipeline in M

President Donald Trump speaks to reporters before boarding Marine One on the South Lawn of the White House in Washington, on Tuesday, Jan. 13, 2026. Policymakers and economists — even those who support Trump — increasingly regard his actions as unpredictable and fraught with risk. (Eric Lee/The New York Times) By TONY ROMM Nearly one year since returning to the White House, President Donald Trump has come to embrace a risky economic strategy: using the brute force of governme

U.S. stocks fell on Wednesday, ‌led ​by a more than 1% drop ‌in the Nasdaq with technology shares declining as investors moved into more defensive ​areas, while bank stocks extended recent losses following some mixed quarterly results. The S&P 500 bank index dropped 2.1% to ‍hit a five-week low, with shares ​of Wells Fargo down 5.1% after the company missed fourth-quarter profit expectations. Citigroup shares were down 4.1% and ​Bank of ⁠America fell 4.2% even after the comp

Jerome Powell, the Federal Reserve chair, testifies during a Senate hearing on Capitol Hill in Washington, Feb. 11, 2025. The Justice Department’s decision to open up a criminal investigation of Powell is a major escalation in the pressure campaign against the central bank to cut interest rates. (Haiyun Jiang/The New York Times) By COLBY SMITH Jerome Powell wanted to avoid a fight. That had long been his approach to handling President Donald Trump and his relentless attacks o

Inflation may not subside ‌quickly ​enough for Federal ‌Reserve Chair Jerome Powell to deliver another interest-rate ​cut before his term ends in May, with the Bureau of ‍Labor Statistics reporting consumer prices ​rose 2.7% in December from a year earlier, ​in line ⁠with economists’ expectations and well above the Fed’s target. Traders see a June cut, after Powell is no longer chair, as the most likely timing, and continue to expect a total of ‌two rate cuts this year. Even

U.S. financial stocks and UK-listed ‌lenders ​fell on Monday as President Donald ‌Trump’s call for a one-year cap on credit card interest rates threatened a key ​revenue stream for the industry. The move deepened concerns over the sector as investors grapple with interest-rate uncertainty and will likely dull the ‍potential benefit from a shift toward value ​stocks. Trump on Friday called for a 10% cap on the interest rate on credit cards starting January 20 without providing