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US President Donald Trump delivers a speech during the World Economic Forum annual meeting in DavosFabrice COFFRINI / AFP via Getty ImagesPresident Donald Trump gave his 70-minute-long speech in Davos, Switzerland, on Wednesday.CEOs are already reacting to Trump's remarks in interviews and on social media.Greenland has been the topic drawing the most attention among business leaders.Business leaders such as Ken Griffin and Matthew Prince have already weighed in on President Donald Trump's highly anticipated speech at the World Economic Forum in Davos, Switzerland.Trump said on Wednesday that he will not use force to get Greenland, but is "seeking immediate negotiations to once again discuss the acquisition" by the US.Trump's ongoing threats against Europe over his desire to take over Greenland have been dominating this year's Davos agenda.All eyes were on Trump during his 70-minute-long speech, with billionaire CEOs — including Apple's Tim Cook and Salesforce's Marc Benioff — alongside heads of state filling up Congress Hall to hear what he had to say.Here is how some of the world's biggest business leaders have reacted:Ken Griffin, CEO of CitadelFounder and CEO of Citadel Ken Griffin spoke at Davos on Wednesday.Fabrice COFFRINI / AFP via Getty ImagesSpeaking on CNBC's Squawk Box on Wednesday, Citadel's CEO and founder Ken Griffin said Trump had an "important message to deliver to a European audience that, bluntly, needs to do better. Europe's economic growth lags far behind America.""The commitment of the American people to defend our country runs deep. The commitment of the Europeans to defend their countries — if you look at surveys of the population — is not nearly as strong," he added.Griffin said he thought one of Trump's "important foundational statements he made with respect to the justification why the US needs unfettered access to Greenland" was whether Europe would be there for the US if there was another war.However, Griffin said that if the US does decide to "pursue this path", discussions "should take time and be thoughtfully laid out.""Investors around the world do not want to see an escalation of the stress in global trade that has played out over the last 12 months," the Citadel CEO added.Peter Schiff, chief economist at Euro Pacific Asset ManagementPeter Schiff is the chief economist of Euro Pacific Asset Management.Eamonn M. McCormack/Getty Images for London Blockchain ConferencePeter Schiff, the chief economist at Euro Pacific Asset Management, said it looked like "cooler heads prevailed at the White House.""So if the US can't buy Greenland instead of taking it by military force, Trump will just hold a grudge," Schiff, whose firm managed $1.4 billion last year, wrote on X."While that is a major improvement, it also means that if we do succeed in buying Greenland, we'll massively overpay."Schiff also warned on X that a housing "crash is coming.""Trump basically admitted there is a housing bubble in the US. He also admitted his main policy goal is to prevent it from popping," Schiff wrote."But once you recognize a bubble, the worst thing you can do is try to sustain it. The sooner it bursts, the less damage it will ultimately cause."Matthew Prince, CEO of CloudflareCloudflare CEO and cofounder Matthew PrinceKimberly White/Getty Images for WiredCloudflare's CEO appears to have commented on Trump's speech style."Last two times Trump spoke at Davos he stuck extremely close to the teleprompter. Not this time," Prince wrote on X.Read the original article on Business Insider

The author with her husband on their (mostly) kids-free wedding day.Courtesy of Rachel Miranda PhotographyMy then fiancé and I decided not to invite kids who weren't relatives to our wedding.We feared they might misbehave and become a distraction.Now that I'm a mom, I realize it was wrong. It would have been nicer to host them and their parents.Meeting a pair of English friends for a meal during our vacation in my native UK this past summer, it struck me how easily the conversation flowed.Even though we live in America and see the couple around once a year, we pick off where we left off and have a great time.They once made an eight-hour round-trip in one day for lunch with us near the cottage we had rented.We've known them since long before my husband and me got married. Yet, we subtly uninvited them to our wedding in New York City. Why? We'd heard they wanted to bring their young sons along. And we said "no."Kids who were blood relatives were invitedMy then fiancé and I decided that the only children who could attend were blood relatives. At the time, we assumed that other people's offspring would be a distraction, especially if they misbehaved.We also wanted to keep the costs down.Our strict policy applied to a former colleague in England with three school-age kids. "I can't imagine going to another country — let alone another continent — without them," he responded.I was somewhat offended. If he couldn't make it, perhaps we weren't as close as I'd thought.The big day came. Two of my husband's nieces were bridesmaids, and another was the flower girl. The boys were ring bearers and ushers.The groom's niece, the flower girl, was one of the few children who made the cut.Courtesy of Rachel Miranda PhotographyIt was a special event. The children made everyone laugh with their moves on the dance floor. My nephew did the moonwalk and the electric slide.Their presence added to the occasion. "How much did they charge for the entertainment?" a witty friend joked.A couple of years later, by then a first-time mom, I was invited to the wedding of a very good friend. Like us, the couple hadn't invited kids, except for the groom's two nieces.I was still nursing, but there was no way I was going to miss the celebration. My sister watched my daughter at her home, a 45-mile drive from the venue.The wedding was gorgeous, but I couldn't help worrying about my little one as I listened to the speeches and raised a glass to the couple. What if she cried all the time? Was my sister tearing her hair out? I called several times out of concern.The experience made me thinkMy fears were irrational, I know. Still, they felt real to me. We left the lively reception early to pick up our child.The experience made me think. I finally understood why our friends who were parents had declined our wedding invitation. They hadn't felt comfortable leaving their kids behind.I'm not planning to get married again anytime soon — it's been 18 years, and I'm still happy with the man I chose. However, if I had a do-over, I'd invite all my friends' children. Their presence — and that of their moms and dads — would have made our day even more special than it was.I haven't had the guts to apologize to the families whose children we banned. To their credit, they've never let it affect our relationship. Gracious friends, indeed.Read the original article on Business Insider

Donald Trump posted on Truth Social plans for new tariffs.Tom Brenner/Getty ImagesPresident Donald Trump proposed new tariffs on eight European countries.That's because of their recent presence in Greenland, which Trump wants the US to buy.The US imports billions of dollars in medicine, cars, and aircraft from these countries.A trade war between the US and Europe is heating up as President Donald Trump demands American control over Greenland.Germany, the Netherlands, Finland, and France are four of the eight European countries that could face new tariffs once February kicks off. Trump made the tariff threats after those countries sent troops to Greenland earlier in January.In a Truth Social post, Trump said he will levy a new 10% tariff in February on imports from those countries, set to jump to 25% in June "to protect Global Peace and Security" because these countries "have journeyed to Greenland, for purposes unknown" and "have put a level of risk in play that is not tenable or sustainable." Trump added that the tariffs will be in effect until a deal to buy Greenland is reached.That new round of tariffs could affect a slew of goods, with medicine and cars leading the way. The US imported a total of $365 billion in goods from the eight targeted countries in 2024. That included about $44 billion in pharmaceutical preparations and nearly $40 billion in new or used passenger cars. Some other main imports included aircraft, industrial engines, and toiletries and cosmetics.window.addEventListener("message",function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data["datawrapper-height"][t]+"px";r.style.height=d}}});"Tariff threats undermine transatlantic relations and risk a dangerous downward spiral," the countries said in a joint statement. "We will continue to stand united and coordinated in our response."Trump continues to insist the US acquire Greenland, but said at the World Economic Forum in Davos on Wednesday that he won't use force to do so."We probably won't get anything unless I decide to use excessive strength and force, where we would be, frankly, unstoppable, but I won't do that," he said.Read the original article on Business Insider

Dimon said at Davos that the cap would cause a "disaster."Denis Balibouse/ReutersJamie Dimon said Trump's proposed cap on credit card interest rates could hurt 80% of Americans.Speaking at Davos, Dimon predicted that everyday Americans would hurt more than big banks.Other business leaders have also criticized the proposed one-year cap.If President Donald Trump gets his way on credit cards, JPMorgan Chase CEO Jamie Dimon predicts chaos — but more on the streets of American towns than in the walls of his own bank."It would be an economic disaster," Dimon said when asked about President Donald Trump's proposed one-year 10% cap on credit card interest rates. "And I'm not making that up because of our business, we would survive it, by the way. In the worst case, you would have to have a drastic reduction of the credit card business."Speaking at the World Economic Forum in Davos, Switzerland, Dimon predicted that, if enacted, the cap could strip credit from 80% of Americans. Dimon proposed that the government test the proposal by forcing all the banks in Vermont and Massachusetts to comply, "and then see what happens," causing a ripple of laughter through the audience."The people crying most won't be the credit card companies," he said, adding that those hurt will include restaurants, retailers, travel companies, and municipalities, "because people will miss their water payments."Whatever the president and Congress decide, JPMorgan will "deal with it," Dimon said. He promised that the bank would provide more extensive analysis of the potential effects, and said that he, too, wants greater affordability.Dimon struck a largely conciliatory tone when asked about some of Trump's geopolitical moves — immigration and NATO, for example — which he called "more qualitative, how it's going to work, what are the pieces, what's their intent." But he said he understands the card issue deeply and has a responsibility, of sorts, to speak up.Dimon, like many other big-bank CEOs and business leaders, has previously said that reducing card interest rates could harm customers with lower credit scores. JPMorgan's CFO warned during the bank's fourth-quarter earnings call last week that enacting price controls could "make it no longer a good business."Read the original article on Business Insider