Bβ2π Markets
Utilities gain big. Financials continue win streak bolstered by positive earnings. While the rest of the world inched upward seemingly given go-ahead from yesterday’s CPI, US Equity indices fell. $BTC reclaimed $100k as Trump inauguration approaches. FactSet says 77% of released earnings beat estimates so far.
Bβ2πΒ Headline Digest
β’ SpaceX’s Starship explodes in flight test, forcing airlines to divert
Upper stage communication with the rocket packed with mock satellites failed.
β’ Yen set for best week in over a month on BOJ rate hike bets
Yen climbed 1.5% against the dollar with bets pricing in 80% chance of rate hike next week.
β’ Bird feathers, blood found in two engines of Boeing jet that crashed in South Korea -source
β’ Chinaβs fourth-quarter GDP grows at 5.4%, beating market expectations as stimulus measures kick in
β’ Apple has worst day since August following reports of China, AI struggles
$AAPL fell 4%, down 12% from its peak in December
β’ Trumpβs Treasury pick Bessent says heavier Russia sanctions coming, no reason for digital currency
Bessent says gov spending is out of control, Trump wonβt cause more inflation, Fed should remain independent.
β’ Nintendo reveals long-awaited Switch 2 console set to launch this year
Slightly taller, otherwise same.
β’ Duolingo shares climb 7% as users swarm to app to learn Mandarin
$DUOL climbed 7% as RedNote migrators seek to learn the language.
β’ EV, hybrid sales reached a record 20% of U.S. vehicle sales in 2024
wow
β’ Meta’s ‘Community Notes’ model will not apply to paid ads