NEW YORK (AP) - Losses for several banks and Big Tech stocks pulled indexes lower on Wednesday, even though the majority of stocks on Wall Street rose. The S&P 500 slipped 0.5% for its second straight loss after setting its all-time high. The Dow Jones Industrial Average dipped 42 points, or 0.1%, and the Nasdaq composite lost 1%.
BRUSSELS (AP) – The European Union will dedicate most of a massive new loan program to Ukraine’s military needs over the next two years while also injecting billions into its war-ravaged economy, European Commission President Ursula von der Leyen said Wednesday. EU leaders agreed last month to loan Ukraine 90 billion euros ($105 billion) to help cover its needs in 2026 and 2027.
HONG KONG (AP) – China’s trade surplus surged to a record of almost $1.2 trillion in 2025, the government said Wednesday, as exports to other countries made up for slowing shipments to the U.S. under President Donald Trump’s onslaught of higher tariffs. China’s exports rose 5.5% for the whole of last year to $3.77 trillion, customs data showed.
The owner of Saks Fifth Avenue is seeking bankruptcy protection, buffeted by rising competition and the massive debt it took on to buy its rival in the luxury sector, Neiman Marcus, just over a year ago. Saks Global has secured roughly $1.75 billion in financing, the New York company said as filed for Chapter 11 bankruptcy Wednesday in the Southern District of Texas.
The Trump administration placed new security requirements on Nividia’s semiconductor sales to China, but essentially greenlighted the export of its powerful H200 artificial intelligence chips to Chinese buyers. Nvidia must ensure that there is an adequate supply in the U.S., and the H200 chips must undergo a third-party review before being exported to China.
NEW YORK (AP) – Setting aside their current fight with the White House, things are looking good on Wall Street. The latest trio of big banks reported their results Wednesday – Bank of America, Citigroup and Wells Fargo – and while each of them do different flavors of banking the theme is the same: profits are up, dealmaking is healthy, and the consumer is doing just fine.
DUBAI, United Arab Emirates (AP) – Iran’s judiciary head signaled Wednesday there would be fast trials and executions ahead for suspects detained in nationwide protests despite warnings from U.S. President Donald Trump that the U.S. may take military action over the killing of peaceful demonstrators.
President Donald Trump posted Wednesday on social media that anything less than U.S. control of Greenland is “unacceptable,” hours before Vice President JD Vance was to host Danish and Greenlandic officials for talks. “NATO becomes far more formidable and effective with Greenland in the hands of the UNITED STATES,” Trump wrote.
KYIV, Ukraine (AP) – Wide-scale desertions and 2 million draft-dodgers are among a raft of challenges facing Ukraine’s military as Russia presses on with its invasion of its neighbor after almost four years of fighting, the new defense minister said Wednesday.
LONDON (AP) – Britain is discussing with NATO allies how it can help beef up security in the Arctic to counter threats from Russia and China, a government minister said Sunday. Transport Secretary Heidi Alexander said the talks are “business as usual” rather than a response to recent threats by U.S. President Donald Trump to take over Greenland.
































































































































