🌏 Tech meets Trump

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Here’s what you need to know

Big Tech meets big politics at Trump’s inauguration. Elon Musk, Jeff Bezos, and Mark Zuckerberg’s planned attendance signals a strong connection to the new administration.

Meanwhile, big banks are eagerly awaiting Trump’s presidency. JPMorgan, Goldman Sachs, and others share optimistic words as they look ahead to Trump’s impact on Wall Street.

Walmart is facing tough criticism over its DEI pullback. Over 30 shareholders are demanding a meeting to address the shift, which they’ve called “disheartening.” Meanwhile, the retail giant is expanding into luxury resale, with Chanel, Prada, and Fendi items now up for grabs.

TSMC hit record profits. The Taiwanese chipmaker reported fourth-quarter earnings that beat forecasts, fueled by booming AI chip sales.

BP is laying off thousands as part of its cost-cutting plan. To be a “higher value company,” the oil giant is cutting 5% of its global workforce.

Trump’s Greenland Gamble

President-elect Donald Trump revived interest in acquiring Greenland, but the region’s strategic importance is driven by a factor Trump has long downplayed – climate change.

As Arctic ice melts, Greenland is becoming a key player in global trade. Its mineral resources and the northernmost U.S. military base are vital, while new shipping routes are opening up.

These developments have captured the attention of officials in the U.S., Russia, and China. However, climate experts warn that navigating the Arctic’s challenging seas may not be as simple as it seems. Quartz’s Deena Zaidi has more.

Top U.S. cities for affordable independence

For young adults, moving out of their parents’ homes can seem out of reach due to high living costs and limited job opportunities.

However, some cities make it more affordable than others. According to Rocket Money, a platform specializing in moving and storage services, young people can leave the nest without breaking the bank in certain cities.

The company analyzed factors such as income, rent prices, job opportunities, and overall cost of living to identify the most budget-friendly locations for young adults looking to live independently. Which cities made the list? Quartz’s Ben Kesslen has the details.

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