For comprehensive global financial updates, please visit the 24/7 real-time financial news feed.
Market U.S. stocks closed lower on January 14, with the Dow Jones Industrial Average falling approximately 400 points; JPMorgan Chase closed down 4.2%. Top 20 U.S. stocks by trading volume on January 14: Alphabet reached a new all-time high, with Citigroup reiterating its Buy rating. Most popular U.S.-listed Chinese stocks declined on January 14; Alibaba edged up 0.40%, while Pinduoduo dropped 5.40%. Oil prices surged due to concerns over potential disruptions to Iranian supply. NYMEX gold futures fell over 0.4%, as the record high spurred by U.S. CPI data proved short-lived. European stocks retreated from their record highs, with the construction sector weighing on the broader market.
Macro The U.S. fiscal year 2025 deficit is projected to narrow to $1.7 trillion, largely attributable to a significant increase in tariff revenues. U.S. December CPI growth met expectations, yet household expenditures on food at home and rent saw increases. Former President Trump threatened to halt federal funding to sanctuary cities or states containing them, effective February 1. Trump labeled the USMCA trade agreement "irrelevant," signaling potentially difficult negotiations ahead for all parties involved. Trump stated that markets should rise on positive economic news and announced a healthcare affordability framework would be unveiled this week. Trump declared the cancellation of all planned meetings with Iranian officials. Trump indicated he will announce his nominee for Federal Reserve Chair within the coming weeks. The Clintons have declined to testify in the House investigation into the Jeffrey Epstein case. The President of Venezuela's National Assembly stated that over 400 individuals are scheduled to be released. The first-instance verdict for former South Korean President Yoon Suk Yeol, accused of instigating insurrection, is scheduled for February 19.
Corporate Netflix is considering revising its acquisition terms for Warner Bros. Discovery and has reportedly discussed an all-cash offer. Elon Musk claimed to have provided free Starlink service in Iran during internet blackouts. Hedge funds collectively reaped substantial gains, with the industry posting its best annual return in 16 years during the previous year. Ahead of stepping down as Berkshire Hathaway CEO, Warren Buffett continues his search for an "elephant-sized" acquisition target. Meta Platforms, Inc. is reportedly planning to double the production capacity of its AI-powered smart glasses, potentially reaching an annual output of 20 million units. Analysts upgraded Intel's rating, citing robust AI demand in its data center segment. Delta Air Lines' stock declined following cautious earnings guidance. ExxonMobil explicitly described Venezuela's investment climate as unfavorable, highlighting the risks of defying the Trump administration. Microsoft introduced new initiatives to strictly control power costs and water consumption in its data centers. With the EU licensing deadline approaching, French regulators noted that some cryptocurrency firms are refusing to cooperate. The Pentagon plans to invest $1 billion in L3Harris's missile division.
Commentary Trump intensified the controversy surrounding the Federal Reserve investigation, criticizing Chair Powell as "either incompetent or corrupt." Two Federal Reserve officials expressed confidence that any new Chair would remain committed to the institution's policy mandate. Fed official Musalem stated there is little justification for further interest rate cuts in the near term. The pass rate for the CFA Level I exam held steady at 43%, remaining above the ten-year average. Thune and Johnson expressed skepticism regarding Trump's proposal for a credit card interest rate cap. The U.S. 30-year Treasury auction stopped at a yield of 4.825%, below the level seen in when-issued trading. JPMorgan Chase CEO Jamie Dimon, addressing increased spending, stated, "You have to believe me." Trump escalated his rhetoric against Iran, pushing international oil prices to a two-month high. The Bloomberg Dollar Spot Index rose following the U.S. inflation data release, with the Japanese Yen leading declines among G-10 currencies. Crude Oil: WTI surpassed $61 per barrel as Trump's comments sparked fears about Iranian supply disruptions. The "Dr. Doom" expressed optimism that the AI boom could potentially offset risks associated with Trump. A senior EU official, meeting with Germany's defense minister, stated that Greenland is "protected." European bond markets: German Bunds pared their losses after the U.S. CPI data was released.
Vast information and precise analysis available on the Sina Finance App.
Comments