A Chinese court sentenced a former senior anti-corruption official from the southern island province of Hainan to 12 years in prison on Tuesday, the latest high-profile conviction in Beijing’s widening anti-corruption campaign. The Shanghai First Intermediate People’s Court found Chen Xiaobo, formerly the deputy party chief of the Hainan Provincial Discipline Inspection Commission, guilty of accep...
A Chinese court sentenced a former senior anti-corruption official from the southern island province of Hainan to 12 years in prison on Tuesday, the latest high-profile conviction in Beijing’s widening anti-corruption campaign. The Shanghai First Intermediate People’s Court found Chen Xiaobo, formerly the deputy party chief of the Hainan Provincial Discipline Inspection Commission, guilty of accepting bribes totaling 37.35 million yuan ($5.37 million). The court also fined Chen 3 million yuan ($430,000) and ordered the confiscation of all illicit gains.
Bank chiefs called for calm on Tuesday as stocks plummeted after President Donald Trump's threats of fresh tariffs. The pan- European Stoxx 600 dropped about 1.2% in morning trade Tuesday — with the continent's major bourses and most sectors heavily selling off — after Trump floated a potential 200% levy on French wine and champagne. In the U.S., stock futures also retreated. The Dow Jones Industr...
Bank chiefs called for calm on Tuesday as stocks plummeted after President Donald Trump's threats of fresh tariffs. The pan- European Stoxx 600 dropped about 1.2% in morning trade Tuesday — with the continent's major bourses and most sectors heavily selling off — after Trump floated a potential 200% levy on French wine and champagne. In the U.S., stock futures also retreated. The Dow Jones Industrial Average fell almost 1.5%, the S&P 500 slid 1.6%, the Nasdaq was last seen almost 2% lower, while, earlier, markets in Asia also closed in negative territory. Stock Chart Icon Stock chart icon Stoxx 600 Europe. With fears of a re-run of last April's "Liberation Day" tariff turmoil looming over the World Economic Forum gathering in Davos, bank CEOs in Europe called for cool heads around the prospect of a renewed trade war. "It's important to stay calm," Commerzbank CEO Bettina Orlopp told CNBC's "Squawk Box Europe" on Tuesday. "If anything told us from last year's [tariff] event, it's best to stay calm and see what's really happening." watch now VIDEO 6:01 06:01 Commerzbank CEO: Banking M&A only makes sense if it creates value Davos 2026: World Economic Forum European banks were among the hardest hit in Tuesday's reversal, with the Stoxx 600 Banks Index down 1.4% on Tuesday, while financial services slipped about 1.3%. It came after markets were still reeling from the President's plan to hit European countries with tariffs of 10% from Feb. 1, rising to 25% from June 1, if they continue to push back against his bid to annex Greenland . 'The new normal' Anthony Gutman, co-CEO of Goldman Sachs International , said that the current noise is creating volatility for investors, warning that "this is the new normal." Speaking with CNBC's "Squawk Box Europe" in Davos, Gutman said that while the bank is optimistic on Europe this year, the risk of tariffs will "create complexity for our clients who are business leaders and have to make business decisions." watch now VIDEO 5:42 05:42...
Abu Dhabi-based agribusiness group Al Dahra Holding plans to exit third-party grains and oilseeds trading, pivoting instead to focus on its farming operations spread across Europe, Africa and the US. After a comprehensive assessment, the company will focus on marketing its own production, Al Dahra said in a statement in response to questions. The move follows its decision to exit its Romanian busi...
Abu Dhabi-based agribusiness group Al Dahra Holding plans to exit third-party grains and oilseeds trading, pivoting instead to focus on its farming operations spread across Europe, Africa and the US. After a comprehensive assessment, the company will focus on marketing its own production, Al Dahra said in a statement in response to questions. The move follows its decision to exit its Romanian business after three consecutive years of losses, which Bloomberg reported earlier. The company — backed by Abu Dhabi sovereign wealth fund ADQ — farms about 250,000 acres globally. It will focus on farming and the sale of commodities it produces, its press office said via email. The switch underscores the changing dynamics of an increasingly crowded and competitive Black Sea market — where Al Dahra’s trading activities were concentrated. After a sharp surge in Ukrainian grain flows via Romania following the 2022 invasion, trading volumes have since declined, leaving a large number of international traders competing for smaller volumes. Al Dahra launched its Black Sea trading office in 2020 and was one of the top grains traders operating out of the Romanian port of Constanta. International merchants were drawn to Romania after Russia’s war in Ukraine rerouted trade flows in the region, with Constanta becoming a key transit hub. “The transition is being managed in full compliance with the relevant legislation to ensure transparency, compliance, alignment and continuity of all related services,” the company said in its statement. “These actions are part of our ongoing transformation and long-term global growth strategy.” Read More: Abu Dhabi Seeks Billions in Food Investment to Turn Net Exporter The UAE, like many of its peers in the Middle East, is seeking greater food self-sufficiency to protect against global supply-chain disruptions. Abu Dhabi is seeking billions of dollars in agrifood investments. It plans to offer subsidies to domestic and foreign firms as it aims to become...
Natural gas futures soared 29% as forecasts turned much colder over the long holiday weekend in the US, calling for a deep freeze to grip much of the country during the weeks ahead. While stockpiles of the fuel were slightly above normal earlier this month, the latest weather outlook signals sustained heating demand that would erase that surplus. Hedge funds raised their bearish positions on gas l...
Natural gas futures soared 29% as forecasts turned much colder over the long holiday weekend in the US, calling for a deep freeze to grip much of the country during the weeks ahead. While stockpiles of the fuel were slightly above normal earlier this month, the latest weather outlook signals sustained heating demand that would erase that surplus. Hedge funds raised their bearish positions on gas last week, leaving the market primed for a short-covering rally. “All signs point to major Arctic cold outbreaks over the eastern two-thirds of North America later this week and into much of next week,” forecasters with Atmospheric G2 wrote in a note to clients Monday. Earlier outlooks “clearly missed the intensity and the breadth of the cold,” the meteorologists said. High gas prices represent a pain point for US consumers struggling with rising energy bills, which has become a political issue for US President Donald Trump. But they are beneficial to US gas producers, especially those that have not locked in prices for a large share of their planned production through financial hedges. Top US gas producers Expand Energy and EQT Corp. led the S&P 500 energy index higher Tuesday morning, surging as much as 7% and 5.7%, respectively. Average temperatures will be at least 8F (4C) below normal across much of the Midwest, Mid-Atlantic and parts of southern New England through Saturday, according to Commodity Weather Group. The forecaster also added a whopping 42 heating degree days — a measure of cold temperatures on a given day used to calculate heating demand — to its most recent outlook. About two dozen weather stations have a chance of breaking or tying records for the date across the US through Jan. 26, the US Weather Prediction Center said. Read More: Arctic Blasts to Hit Europe, Asia Gas Markets: Weather Watch Aside from boosting heating demand, frigid winter weather can also raise US gas prices as supply is lost to freeze-offs, which occur when liquids in the wellhead get...
The death toll from an explosion at a rare earth steel plant in north China’s Inner Mongolia autonomous region has risen to nine. The explosion occurred at 3pm on Sunday at the Baotou Steel Group’s rare earth steel plant in Baotou, according to the city government. As of Tuesday, the accident has injured 84 people, killed nine and left one person missing, according to state broadcaster CCTV. The M...
The death toll from an explosion at a rare earth steel plant in north China’s Inner Mongolia autonomous region has risen to nine. The explosion occurred at 3pm on Sunday at the Baotou Steel Group’s rare earth steel plant in Baotou, according to the city government. As of Tuesday, the accident has injured 84 people, killed nine and left one person missing, according to state broadcaster CCTV. The Ministry of Emergency Management sent a working group led by Vice-Minister Song Yuanming to the scene...
Check out the companies making headlines before the bell: Nvidia — The chipmaker dropped around 2% to lead tech shares lower, with traders trimming positions in the AI giant as global trade tensions escalate following President Donald Trump's latest tariff threat over Greenland. J.B. Hunt Transport Services — The transportation and logistics company fell more than 2% after it reported a year-over-...
Check out the companies making headlines before the bell: Nvidia — The chipmaker dropped around 2% to lead tech shares lower, with traders trimming positions in the AI giant as global trade tensions escalate following President Donald Trump's latest tariff threat over Greenland. J.B. Hunt Transport Services — The transportation and logistics company fell more than 2% after it reported a year-over-year revenue decline for the fourth quarter. Final mile services revenue of $206 million fell short of the $213 million FactSet estimate, down 10% from "general soft demand across many of the end markets served and a change in mix." Micron — Shares fell 1.5%, after the semiconductor company signed a letter of intent to buy Powerchip Semiconductor Manufacturing Corporation's fab in Taiwan for $1.8 billion in cash. 3M — The maker of Post-it Notes and Scotch Tape fell 4% after releasing its latest earnings results and full-year guidance. 3M sees earnings in the range of $8.50 to $8.70 per share for the full year, compared to the FactSet consensus estimate of $8.64. It reported mixed results for the fourth quarter, topping earnings estimates but falling short of revenue expectations. Fifth Third Bancorp — Shares added 1% after the regional bank reported fourth-quarter earnings of $1.04 per share, exceeding the $1 per share estimate analysts polled by FactSet had provided. However, the company's net interest income of $1.53 billion came in under the forecast $1.54 billion, while its net interest margin was in line with estimates at 3.13%. D.R. Horton — The homebuilder climbed 2.9% higher after its fiscal first-quarter results beat expectations. D.R. Horton's earnings came in at $2.03 per share, beating the $1.93 a share expected from analysts polled by FactSet. Revenue was $6.89 billion, topping the $6.59 billion consensus estimate. KeyCorp — Shares fell 3% as the bank's fourth-quarter results, while above analyst expectations, underwhelmed investors. Revenue came in at $2.01 bi...
(RTTNews) - Novavax, Inc. (NVAX) announced Tuesday that it has entered into a license agreement with Pfizer, Inc. (PFE) for use of Novavax's Matrix-M adjuvant. Under the terms of the agreement, Pfizer will obtain a non-exclusive license for Matrix-M for use with Pfizer's products
(RTTNews) - Novavax, Inc. (NVAX) announced Tuesday that it has entered into a license agreement with Pfizer, Inc. (PFE) for use of Novavax's Matrix-M adjuvant. Under the terms of the agreement, Pfizer will obtain a non-exclusive license for Matrix-M for use with Pfizer's products
In this article NVDA GOOGL Follow your favorite stocks CREATE FREE ACCOUNT Trades work at the New York Stock Exchange on Jan. 16, 2026. NYSE Technology shares led the declines in U.S. stocks on Tuesday as investors reacted to escalating tariff rhetoric tied to President Donald Trump's renewed push around Greenland. The State Street Technology Select Sector SPDR ETF (XLK) fell 2.2%. Nvidia, Meta Pl...
In this article NVDA GOOGL Follow your favorite stocks CREATE FREE ACCOUNT Trades work at the New York Stock Exchange on Jan. 16, 2026. NYSE Technology shares led the declines in U.S. stocks on Tuesday as investors reacted to escalating tariff rhetoric tied to President Donald Trump's renewed push around Greenland. The State Street Technology Select Sector SPDR ETF (XLK) fell 2.2%. Nvidia, Meta Platforms and Google-parent Alphabet were all down around 2%. Apple and Microsoft shed more than 1% each, while Amazon and Tesla declines more than 2%. Those moves put pressure on the broader market. Futures tied to the Nasdaq 100 were last down 1.8%. S&P 500 futures and Dow Jones Industrial Average futures were lower by 1.5% and 1.4%, respectively. Markets were rattled after Trump threatened new tariffs on countries opposing the sale of Greenland to the United States, saying in a Truth Social post that levies could begin at 10% in February and rise to 25% by June. The president also floated steep tariffs on French goods and criticized European allies , fueling concerns about a wider trade escalation between the U.S. and European Union. The renewed trade tensions come as global leaders gather at the World Economic Forum in Davos, Switzerland this week, with investors watching closely for signs that negotiations could cool tensions. But Wedbush analyst Dan Ives isn't overly concerned. "Tech stocks will be hit as the 'risk off dynamic' hits AI names front and center but ultimately we view this as an opportunity to own the tech winners for 2026 and beyond," Ives wrote. "The back and forth war of words between Trump and the EU will give investors another opportunity to own the tech winners and despite the bears always trying to yell fire in a crowded theater......the AI Revolution is still in the early days of playing out and this soap opera this week is not changing that dynamic in our view as the 4th Industrial Revolution hits its next stage of growth in 2026." Ives added that ...
The U.S. is the only country allowed to withdraw from the World Health Organization. And Jan. 22 is the day when Trump's pullout announcement should go into effect. But ... it's complicated. (Image credit: Fabrice Coffrini/AFP)
The U.S. is the only country allowed to withdraw from the World Health Organization. And Jan. 22 is the day when Trump's pullout announcement should go into effect. But ... it's complicated. (Image credit: Fabrice Coffrini/AFP)