Tensions brewed over the weekend as President Donald Trump continued his efforts to take over Greenland.

Trump announced a 10% tariff against NATO allies that have sent military personnel to the territory, with the rate set to rise to 25% in June unless a deal for the “purchase of Greenland” is reached. In a letter to Norway’s prime minister, Trump also tied his threats over Greenland to not being selected as the winner of the Nobel Peace Prize. “I no longer feel an obligation to think purely of Peace,” the president wrote.

European Union leaders met for crisis talks Sunday, and around $108 billion of U.S. goods could face retaliatory tariffs if the U.S. levies do take effect.

Elon Musk is closer to becoming the first person worth $800 billion after his xAI Holdings raised $20 billion from private investors at a $250 billion valuation earlier this month, Forbes confirmed. As a result of the deal, Forbes estimates the value of Musk’s 49% stake in the firm increased by $62 billion, bringing the world’s richest man’s net worth to a record $780 billion.

U.S. stock futures fell sharply early this morning, signaling investor concerns about President Donald Trump’s tariff threats against European allies amid his push to take control of Greenland. The benchmark S&P 500 Futures Index sank 1.73% to 6,856 points early Tuesday, Dow Futures fell 1.61%, and the tech-centric Nasdaq Futures Index was hit the hardest, diving more than 2%.

It was a standout year for the world’s top 20 hedge fund managers, who made their investors nearly $116 billion, but none were more successful than British billionaire Chris Hohn, who Forbes estimates is now worth $11.8 billion. His TCI Fund Management earned an estimated $18.9 billion in net gains for investors last year, the largest single-year gain on record for a hedge fund, according to Edmond de Rothschild’s annual report........

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