Dan Schwartzman

Markets reacting negatively to the news on Greenland with futures all down from 1% to 1.5%, while European markets are also roiled down anywhere from 0.6% to 1.5%.

According to Spain's transport minister, at least 39 people are dead after a high-speed train carrying around 300 passengers traveling between Madrid and Malaga derailed and hit another coming in the opposite direction.

The accident took place around 7.45 p.m.

local time.

Spain has one of the world's largest high-speed train networks, which consists of private and state-owned players.

Russian President Vladimir Putin's spokesman Dmitry Peskov says that Putin, quote, received through diplomatic channels, unquote, an invitation to join President Trump's Board of Peace for the reconstruction of Gaza.

Peskov says the Kremlin is reviewing the invitation.

and is looking to get more details from the U.S.

Cryptos fell sharply as risk assets slipped and haven demand strengthened after President Trump proposed new levies on eight European countries for their support of Greenland.

Bitcoin slid by as much as 3.6% to below $92,000, while other tokens posted steeper losses, with the sell-off knocking about $100 billion off the crypto market's total value.

Bitcoin had risen back up to just shy of $98,000 on January 14th before the latest drop.

Gold and silver jumped to record highs on President Trump's push to take over Greenland, spurring fears of a trade war between the U.S.

and Europe.

Precious metals rallied sharply this year, with many analysts expecting the gains to continue, citing geopolitical risks and uncertainty undermining growth prospects and trust in the U.S.

dollar.

Spot gold traded near $4,670 an ounce,

while silver surged as much as 4.4%.

Overall, precious metals have rallied sharply this year following dramatic gains in 2025.

Tesla CEO Elon Musk says the carmaker will resume work on the Dojo 3 project after making progress on the design of its AI5 chip.

Tesla had abruptly ended the Dojo project last year, which revolved around an in-house AI supercomputer for developing driverless vehicle technology.