Defense stocks drop after Trump says Pentagon spending could be halved

• European stocks rise after Trump signals Ukraine peace talks

  Gas prices fall as traders look to possible end of three-year war
  
  Financial Times - 4h

• US prosecutor in New York quits after Trump’s order to drop case

  Danielle Sassoon resigns after office was told by justice department to abandon charges against Eric Adams
  
  Financial Times - 2h

• How Trump’s trade wars could backfire on U.S. stock and bond investors

  In Trump’s first term, American businesses cut investment spending and industrial production slowed.
  
  MarketWatch - 1d

• Trump’s tariffs could make international stocks more attractive than U.S. investments. Here’s why.

  U.S. investors are looking abroad in pursuit of higher stock-market returns.
  
  MarketWatch - 1d
• 

  The Pentagon needs a budget cut, not a spending spree

  Lawmakers are pushing to increase Pentagon spending by up to $500 billion, but this would accelerate our national debt and fail to address wasteful programs and inefficiencies.
  
  The Hill - 1d
• 

  HIV infections could jump over 6 times if US support is dropped, UNAIDS chief says

  The head of the U.N. AIDS agency says the number of new HIV infections could jump more than six times by 2029 if American support of the biggest AIDS program is dropped
  
  ABC News - 3d

• Could an Eagles Super Bowl victory tank the stock market? History says yes, but logic says no

  Philadelphia Super Bowl and World Series wins have historically coincided with stock market calamity. But these types of "fun" indicators aren't reliable.
  
  CNBC - 5d

• Trump says Nippon Steel has dropped plan to buy US Steel

  US president warns he could hit Japan with tariffs after vowing to place levies on imports from Canada and Mexico
  
  Financial Times - 6d

• Trump says Nippon will "invest heavily" in U.S. Steel and drop ownership bid

  President Trump said Friday that Japan's Nippon Steel will drop its $14.1 billion bid to acquire U.S. Steel and instead "invest heavily" in the company.
  
  CBS News - 6d

More from CNBC

• Trump signs sweeping reciprocal tariff plan, says more coming

  Trump's all-caps post on Truth Social announcing the presser offered no details about the plan for new tariffs.
  
  CNBC - 2h

• Elon Musk ripped a company for storing government records in a mine. Now, DOGE may give Iron Mountain a boost

  The company said that other parts of its business can benefit from efficiency initiatives after Musk pointed out how it processes retirement applications.
  
  CNBC - 1h

• Top prosecutor, two DOJ officials quit after refusing order to toss Eric Adams case

  New York City Mayor Eric Adams was indicted last fall on bribery, fraud and other charges in Manhattan federal court.
  
  CNBC - 34m

• GameStop is considering investing in bitcoin and other cryptocurrencies, sources say

  GameStop is exploring investments in alternative asset classes, including crypto and bitcoin in particular, three sources said.
  
  CNBC - 37m

• As Trump eyes more tariffs, South Korea remains safe haven for GM and Hyundai

  Automakers such as Hyundai Motor and General Motors have increasingly used South Korea as a tariff-free export market to the U.S.
  
  CNBC - 3h

More in Business

• Coinbase revenue surges more than 130%, driven by postelection crypto rally

  Coinbase reported better-than-expected fourth-quarter earnings, strengthened by a raging postelection crypto rally at the end of 2024.
  
  CNBC - 15m

• Inside the Murdochs’ Succession Drama

  More than 3,000 pages of documents reveal how years of betrayals led to a messy court battle that threatens the future of Rupert’s empire.
  
  The New York Times - 18m

• The stock market is ignoring what could be its No. 1 threat

  “Tail risk” — uncertainty over inflation, tariffs, political chaos and other unknowns — could trigger a chaotic market downturn.
  
  MarketWatch - 22m

• These 18 states could spend $23 billion on bitcoin if they pass bills to establish crypto reserves

  If all 20 bills introduced in 18 states to establish state-level bitcoin reserves are enacted, it could potentially lead to the  buying of more than $23 billion worth of bitcoin — or some 247,000 ...
  
  MarketWatch - 22m

• DraftKings rallies on upbeat full-year sales outlook, which doesn’t include this big event

  Shares of DraftKings Inc. rose after hours Thursday after the sports-betting platform offered a more optimistic sales outlook for this year, as it moves ahead with things like live betting and ...
  
  MarketWatch - 24m