Net neutrality got a shot in the arm as states moved to support it. According to Reuters:

A group of 21 state attorneys general filed suit to challenge the FCC’s decision to do away with net neutrality while Democrats said they needed just one more vote in the Senate to repeal the FCC ruling.

Bitcoin and other cryptocurrencies continued to get hammered. According to Reuters:

Bitcoin extended its sharp tumble of the past 24 hours, skidding more than seven percent on Wednesday in a rapid downturn in fortunes as investors were spooked by fears regulators might clamp down on an asset whose value has skyrocketed in the past year.

The price of the world’s biggest and best known cryptocurrency fell to as low as $10,567 on the Luxembourg-based Bitstamp exchange, not far from its six-week nadir of $10,162 touched the previous day. The session’s high was $11,794.07.

Nissan indicated it would put another plant in the United States. According to The Wall Street Journal:

Nissan Motor Co.’s chief executive said the company believes it will need to build a new plant in the U.S. in four or five years, when the car maker would be ready for another push to expand.

Normally, that plant would be built in any of the Nafta countries, “but in the current situation we are more inclined to invest in the U.S.,” said Hiroto Saikawa, Nissan’s chief executive, at the Detroit auto show.

The Whole Foods deal has helped Amazon.com Inc. (NASDAQ: AMZN) grocery sales soar:

Whole Foods’ brand items like bacon, coconut water and frozen blueberries helped Amazon.com Inc. gobble up more U.S. grocery sales last year.

Products carrying the natural foods chain’s brand helped push sales at Amazon’s online grocery-delivery service, AmazonFresh, up 35% to $135 million in the last four months of 2017 over the previous four months, according to data analytics firm One Click Retail. Amazon bought Whole Foods last summer.

Bloomberg published its assessment of anxiety over global risks. According to editors at the trading terminal company:

The threat of large-scale cyberattacks and a “deteriorating geopolitical landscape” since the election of U.S. President Donald Trump have jumped to the top of the global elite’s list of concerns, the World Economic Forum said ahead of its annual meeting in Davos, Switzerland.

The growing cyber-dependency of governments and companies, and the associated risks of hacking by criminals or hostile states, has replaced social polarization as a main threat to stability over the next decade, according to the WEF’s yearly assessment of global risks, published Wednesday at Bloomberg LP’s new European headquarters in London.

The World Economic Forum published its list of threats that leaders worry about the most. CNBC reported:

Extreme weather events and natural disasters are the likeliest global risks to occur in 2018, according to experts surveyed by the World Economic Forum.

WEF’s latest Global Risks Report 2018, published Wednesday, showed that environmental disasters, cybercrime, large-scale involuntary migration and illicit trade were among the most notable risks, in terms of likelihood, facing the world this year.

As with previous reports, the top-ranking global risk in terms of impact was the use of weapons of mass destruction. But this was followed in the table of top 10 risks by three environmental risks: Extreme weather events, natural disasters and a failure of climate-change mitigation and adaptation.

Get Our Free Investment Newsletter

I have read, and agree to the Terms of Use

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.