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Citadel CEO Ken Griffin criticized Trump's tariffs at Davos, blaming them for fueling U.S. inflation, disrupting supply chains, and straining European alliances. He warned of economic inefficiencies, potential GDP losses, and crony capitalism from exemptions, urging a rethink despite some regulatory benefits. His remarks highlight Wall Street's growing unease with protectionism.
Snyk's AI Readiness Framework is your roadmap for building and maturing secure AI development practices in the new AI risk landscape.
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At the World Economic Forum in Davos, BlackRock CEO Larry Fink criticized capitalism for failing to spread prosperity, warning that AI could intensify inequality by disrupting white-collar jobs, similar to globalization's impact on blue-collar work. He urged leaders to implement reforms like reskilling programs for inclusive growth.
In 2026, President Trump's tariff threats against EU countries to acquire Greenland have sparked global market turmoil, reviving trade war fears and causing sharp drops in stocks, bonds, and the yen carry trade. Investors face heightened uncertainty amid geopolitical tensions over Arctic resources and security. This gambit risks broader economic fragmentation and volatility.
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In 2026, de-dollarization accelerates as central banks and emerging economies, driven by geopolitical tensions and sanctions, diversify from U.S. dollar assets toward gold and local currencies. BRICS nations lead with non-dollar trade, boosting gold reserves amid rising U.S. debt. This shift signals a multipolar monetary future, challenging dollar dominance.
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