Markets
ISM Services PMI fell to 52.8 from 54.0, bringing yields lowers and weakening the dollar. 5% rebound in $NVDA mitigates losses in $AMZN, $GOOG, $TSLA, flatlining the index. More earnings got released. China came back from New Years.
Headlines
• US Postal Service Reverses Decision to Halt China Shipments
USPS will accept all inbound parcel from China. US government is working out a way to tax parcels under $800.
• Exit Polls Predict Modi Winning India’s Capital After Decades
Modi’s party BJP lost majority vote last year, but may win majority in the Delhi assembly.
• Trump’s Gaza Takeover Gets Israeli Approval, Global Scorn
• Ford Sees Sharp Profit Drop as Trump Tariff, EV Threats Loom
“25% tariffs on Mexico and Canada would have a major impact”
• Xi Has Squandered His Most Powerful Trade War Weapon
“In a global trade war, the economy with a powerful consumer base wins.” – the Americans.
• Stock market today: S&P 500 ends higher on falling Treasury yields, jump in Nvidia
Apple cut losses to flatline at close after news of China probe.
• Qualcomm results, forecast top expectations as AI drives smartphone sales
• UnitedHealth raises concerns over Bill Ackman’s post on X with SEC
UnitedHealth fell 1.5% after the post.
• Google scraps diversity-based hiring targets, WSJ reports
• With US House stymied, Senate Republicans prepare to move on Trump agenda
• Gold prices remain near fresh record highs on trade war fears, Gaza uncertainty
• Gold demand hits record levels as central banks buy at ‘eye-watering’ pace
Climbed above $2,900
• Google opens its most powerful AI models to everyone, the next stage in its virtual agent push
Gemini2.0
• AMD shares drop more than 6%, close at lowest since 2023 on disappointing data center revenue
• Argentina to withdraw from WHO after Trump exit, citing ‘deep differences’
The US left WHO last month
