Rubio tells 'The Story' China presents the most serious challenge to US since World War II

Former NBA player Shawn Bradley paralyzed in bicycle accident

Former NBA center Shawn Bradley is paralyzed after he was struck by a vehicle while riding his bike near his home in St. George, Utah, the Dallas Mavericks said in a statement on Wednesday.

He sustained a traumatic spinal cord injury, and after neck fusion surgery, he has spent the past eight weeks in the hospital and undergoing rehab.

“Doctors have advised him that his road to recovery will be both long and arduous, perhaps an even more difficult physical challenge than playing professional basketball,” the statement said.

“With his wife Carrie at his side around the clock, and supported by an amazing team of rehabilitation specialists and family, Bradley is in good spirits. He plans to use his accident as a platform to bring greater public awareness to the importance of bicycle safety.

Suze Orman: 'Do not spend' and 'don't you dare' invest your stimulus checks. Here's what to do with the cash

Stimulus checks are on the way.

President Joe Biden signed the $1.9 trillion relief package into law last Thursday.

About 159 million households are expected to receive the latest round of direct payments in coming weeks.

While the checks are typically meant for immediate use to shore up budgets and stimulate the economy, people should focus on preparing for more emergencies, according to Suze Orman, host of the "Women & Money" podcast.

Check out this video to hear why Orman says people need to be prepared for at least another year of reduced income.

SIGN UP: Money 101 is an 8-week learning course to financial freedom, delivered weekly to your inbox.

CHECK OUT: Why January is a particularly great time to invest your money via Grow with Acorns+CNBC.

Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.

NPAs likely to rise in first half of 2021: FICCI-IBA

‘Bad debts expected to be above 10%’

Asset quality of banks, which saw some improvement in the second half of 2020, is likely to worsen during the first six months of 2021, a survey showed.

The findings are part of the 12th round of bankers’ survey carried out by FICCI-IBA between July and December 2020.

The survey was conducted on 20 banks, including public sector, private sector and foreign banks.

In the current round of the survey, half of the respondent banks reported a decline in NPAs during the second half of 2020. About 78% of participating state-run banks cited a reduction in NPA levels. “However, in terms of outlook, nearly 68% of respondent bankers expect the NPA levels to be above 10% in the first half of 2021,” the survey showed.

Close to 37% of respondents expect NPA levels to be upwards of 12%.

Sugar mills rush to sign for exports as prices rally

Overseas sales to help cut stockpiles

Indian mills have contracted to export 4.3 million tonnes of sugar so far in the 2020-21 season ending on September 30, a trade body said on Wednesday, as a rally in global prices to a four-year high and an export subsidy makes overseas sales lucrative.

Higher exports from the world’s second-biggest sugar producer could cap gains in global prices, which have been buoyed by lower production in Thailand, the world’s second-biggest exporter.

The exports will help India reduce stockpiles and support local prices of the sweetener, crucial in ensuring millions of cane farmers get government-mandated prices.

“Around 4.3 million tonnes of export contracts have already been signed,” the Indian Sugar Mills Association (ISMA) said in a statement.

NFL free agency: Five winners, five losers through the first day

Winners

Losers

Power Corporation of Canada Q4 adjusted earnings of C$0.93 per share

Power Corporation of Canada (POW.TO) revealed a profit for its fourth quarter that rose from last year.

The company’s earnings came in at C$623 million, or C$0.92 per share. This compares with C$179 million, or C$0.42 per share, in last year’s fourth quarter.

Excluding items, Power Corporation of Canada reported adjusted earnings of C$627 million or C$0.93 per share for the period.

Power Corporation of Canada earnings at a glance:

-Earnings (Q4): C$627 Mln. vs. C$357 Mln. last year.
-EPS (Q4): C$0.93 vs. C$0.84 last year.

Robinhood appoints former Google exec as first chief product officer

Robinhood weighing tweaks to business model as it plans for possible public offering: Gasparino

Sources tell FOX Business’ Charlie Gasparino that Robinhood is looking at changes that emphasize how the platform can be used for long-term investing.

Robinhood Markets Inc has appointed former Google executive Aparna Chennapragada as its first chief product officer, a blog post by the U.S. online brokerage showed on Wednesday.

The blog said Chennapragada will oversee product, design and research at Robinhood, which has been at the heart of the historic trading frenzy that gripped Wall Street this year.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Chennapragada, who spent 12 years at Google, was most recently the vice president for consumer shopping across Google and the lead for visual search product and augmented reality.

Rubio tells 'The Story' China presents the most serious challenge to US since World War II

Marco Rubio: Can’t point to an area China doesn’t challenge US

Florida Senator warns if we lose battle with China ‘we will live in a world dominated by an oppressive regime’ on ‘The Story’

Senate Foreign Relations Committee member Sen. Marco Rubio predicts China will ‘lure’ U.S. into a deal under Biden administration on ‘The Story.’

TRACE GALLAGHER: In a year, the number of Americans that believe China is enemy number one has doubled. How significant is that to you?

MARCO RUBIO: I think it means the message has gotten through that we face a tremendous challenge with the Chinese on every level. I mean they’re that challenging us technologically, militarily, industrially, geopolitically. You can’t point to an area where we are not being challenged by them. I think it’s the most comprehensive and serious challenge the country has faced since the Second World War We don’t want it to be a shooting war, it should never be one, but it is a geopolitical and economic competition, a serious one. One that if we lose, we’ll lose in a world dominated by a repressive Communist regime.