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Greenland escalations send stocks into the red

Stocks erased 2026 gains amid tariff threats.

Tasha Matsumoto

The S&P 500, Nasdaq 100, and Russell 2000 sold off in reaction to President Trump’s various escalations over Greenland, with the S&P 500 and Nasdaq 100 erasing all year-to-date gains. In a Truth Social post on Saturday, Trump warned that the US would impose tariffs on European countries — Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland — unless a deal is reached for the “Complete and Total purchase of Greenland.” The touted 10% tariffs on “any and all goods” shipped to the US from the eight countries would take effect February 1, rising to 25% by the start of June if an agreement isn’t reached.

Investors retreated to precious metals, sending the SPDR Gold Shares ETF and iShares Silver Trust higher. All Magnificent 7 stocks traded lower, as did Bitcoin and ethereum. Consumer staples was the only sector ETF to end the day in the green as investors pivoted to a defensive posture.

The bright spots:

Stocks that moved lower:

  • Nvidia fell on news that suppliers for its H200 chips have halted production amid reports that Beijing has banned these processors from entering the country.

  • Roblox sank as Deutsche Bank cut its price target to $115 from $140.

  • 3M tumbled after softer-than-expected 2026 earnings guidance, with its CEO warning of a possible $30 million to $40 million impact from potential tariffs on Europe.

  • AppLovin ticked lower after a report from CapitalWatch alleged that it’s a money-laundering operation for “transnational criminal kingpins.”

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Tom Jones

The most watched soccer match in US history got less than a third of the views the Super Bowl did

Between a top-spot finish in the group stage, a sweeping performance against Bosnia and Herzegovina in the round of 32, and the president’s controversial intervention, Monday evening’s USMNT game against Belgium had, to put it lightly, shaped up into a box-office clash.

And though the US players’ performance on the pitch might not have lived up to the high drama off it, American soccer fans certainly showed up. According to early estimates, the 4-1 defeat against Belgium was the most watched soccer telecast in US history, hauling some 40 million viewers on average across the coverage on Fox and Telemundo.

That may be a record tally in the US for the sport that much of the world calls some variant of “football” — besting the 36.2 million who tuned in to watch the team’s previous knock-out match — but it’s still peanuts in comparison to the sport that shares the same name in the States.

World cup viewers chart
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Reddit’s advertising business is getting bigger. It’s already booming.

The platform will plow more money into its ad offerings as it cements itself as a “trove of human intelligence.”

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45% of Americans say they’re not taking a summer vacation this year, mostly due to costs

Flight comparison site Skyscanner is recommending some cheaper alternatives closer to home.

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Despite slight declines, Japanese tourism figures are still hovering around record highs

Tourism: Still big in Japan.

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