BUSINESS
Trump says he will unveil Fed chair nominee next week
The Fed kept borrowing costs on hold Wednesday, a decision that rankled Trump
BUSINESS
Gold retreats in sudden selloff after breaking through $5,500
The precious metal had climbed more than 20% just this month, with some technical indicators pointing to a near-term price correction.
WORLD
Trump, Democrats close to immigration deal to avert shutdown
Without an agreement, government funding will lapse on Saturday for much of the federal government
BUSINESS
Oracle’s value is cut in half from 2025 peak as AI caution rises
The stock’s decline has erased about $463 billion in market value from a record hit on September 10
BUSINESS
China’s metals mania sends copper soaring past $14,500 a ton
Prices gained as much as 11% to trade above $14,500 a ton for the first time ever, before a sharp retracement on Thursday afternoon as the dollar jumped.
WORLD
ICE set to dial back Minnesota presence after Maine pullback
Tom Homan, the administration’s 'border czar,' said that officials from Customs and Border Protection and Immigration and Customs Enforcement are working on a 'draw down plan'
WORLD
ICE blasted by Minneapolis judge for violating 96 orders
The judge issued the finding in one of dozens of lawsuits filed by individuals seeking to be released from detention
BUSINESS
Bitcoin drops below $85,000 as traders retreat from risk assets
The largest cryptocurrency slipped as much as 5.7% to $84,233, the lowest price since December 1
BUSINESS
US tech stocks fall as traders weigh billions in AI spending plans
The tech-heavy Nasdaq 100 Index fell 1.97% at 10: 45 a.m. in New York as Microsoft plummeted 11.84%, the most since 2020
BUSINESS
Brent crude hits $71 a barrel as Trump ramps up Iran threats
Crude has rallied so far in 2026, countering expectations for a market pressured by significant oversupply
BUSINESS
Microsoft drops most since 2020 amid slowing cloud growth
The shares sank by as much as 11% to $429.24, for the biggest intraday slide since March 2020
WORLD
US jobless claims tick down to 209,000 during holiday week
Initial claims edged down by 1,000 to 209,000 in the week ended Jan. 24, after an upward revision to the previous week, according to Labor Department data released Thursday.
INDIA
India’s Economic Survey flags age-based limits for social media
Australia recently instituted a nationwide ban on social media accounts for children under the age of 16.
BUSINESS
Dow to cut about 4,500 Jobs, using AI to boost operations
It sees $1.1 billion to $1.5 billion in one-time costs, including as much as $800 million in severance.
WORLD
US trade gap widens from smallest since 2009 as imports rise
The goods and services trade gap nearly doubled from the prior month to $56.8 billion, Commerce Department data showed Thursday
INDIA
Govt panel proposes cutting share of volatile food prices in inflation gauge
The new CPI series is expected to be released on February 12, according to the Economic Survey for fiscal year 2025-26
MARKETS
Nasdaq 100 gets hit as Microsoft sinks on results
More than 300 shares in the S&P 500 advanced, but the gauge lost steam as most megacaps retreated
BUSINESS
Zuckerberg, Musk vie for AI supremacy with $155 billion splurge
Investors should look forward to “a major AI acceleration” that’s been brewing within the tech industry for over a year, Meta CEO Mark Zuckerberg said on Wednesday’s earnings call.
BUSINESS
Tesla plots $20 billion splurge to support Elon Musk’s AI future
The moves underscore Tesla’s ambitions to reorient around AI, driverless technology and robots at the expense of its car business
WORLD
Mark Carney's party sees jump in popularity after his viral Davos speech
Mark Carney’s Liberals have opened up a clear polling lead after his Davos speech won international praise and boosted his domestic approval, fuelling fresh speculation about the party’s momentum ahead of any election.
WORLD
Musk says Tesla needs to build its own factory to make chips
Musk said that existing suppliers, naming TSMC, Samsung and Micron Technology Inc., are not able to supply Tesla at the levels the company needs.
BUDGET
Modi’s budget expected to boost spending, push reforms to counter Trump
India’s outlook is increasingly necessitating higher government spending, though any expansion is likely to be calibrated without undermining fiscal consolidation.
MARKETS
Bessent says US hasn’t intervened in yen, touts strong dollar
The US is 'absolutely not' intervening in the currency market to strengthen the yen, Bessent said in an interview
INDIA
India could order more homegrown reactors amid nuclear push
The government is considering seeking bids to build as many as 10 pressurized heavy water reactors with a capacity of 700 megawatts each — a third such bulk order
