The U.S. plans to revise its defense agreement with Denmark to remove restrictions on military presence in Greenland, Bloomberg reports. White House Press Secretary Anna Kelly stated that “if this deal goes through, and President Trump is very hopeful it will, the United States will achieve all its strategic goals regarding Greenland, with minimal costs, permanently.”
Winter storm “Fern” is expected to cause widespread airline disruptions and thousands of flight cancellations from January 23 to 26, as it moves from the Southern Plains through major hubs in the South, Mid-Atlantic, and Northeast, Reuters reports. Airlines have already canceled over 1,300 flights scheduled for Friday. Utility companies across the U.S. are also preparing for extreme weather, warning of possible prolonged power outages. Duke Energy said that 3.8 million of its customers in North Carolina and nearly 860,000 in South Carolina should be ready for “multi-day outages,” Axios reports.
The Eurozone HCOB Flash S&P Global composite PMI in January 2026 stood at 51.5 points, unchanged from the previous month and slightly below the market expectation of 51.8. Eurozone manufacturing PMI rose to 49.40 points from 48.80.
Chinese authorities told major tech companies that they can prepare for orders of Nvidia H200 AI chips, indicating Beijing is close to officially approving their import, Bloomberg reports. Chinese regulators gave principle approval to tech giants including Alibaba Group, Tencent Holdings, and ByteDance to move to the next stage of preparation, allowing these companies to discuss required quantities. They may also be required to purchase a certain number of Chinese chips as a condition for approval, though no specific quota has been set, sources say.
China is deepening its investigation into Meta Platforms Inc.’s acquisition of the AI startup Manus in the country, Bloomberg reports. The probe into potential violations of cross-border currency flows, tax reporting, and foreign investments increases the risk that regulators may attempt to alter or even cancel the deal.
Donald Trump and TikTok announced the formation of a joint venture to keep the popular video-sharing app in the U.S. under new American management. Trump praised the deal on his Truth social media post, stating the company will now belong to “a group of the world’s greatest American patriots and investors.” Adam Presser, formerly TikTok’s head of operations, trust, and safety, will become CEO of TikTok USDS Joint Venture.
Samsung Electronics stated that rumors of an 80% price increase on its memory modules are false, United Daily News reports. The company said it raises prices as supply decreases, like other chipmakers, but not by a blanket 80%.
UBS Group (UBS) is selecting partners for proposed cryptocurrency investment options for some of its private clients, Bloomberg News reports citing informed sources. These discussions have been ongoing for several months, but UBS has not yet made a final decision on implementation.
Citigroup (C) is expected to announce a new wave of layoffs in March as CEO and Board Chair Jane Fraser continues a campaign to optimize the bank and increase profitability, Reuters reports. The new wave of layoffs will be announced after bonuses are paid, sources say.
Tesla CEO Elon Musk has restored his relationship with U.S. President Trump and is making donations to Republicans for the 2026 midterm elections, The Wall Street Journal reports.