Markets
Big Tech earnings week. $MSFT fell 6% despite beating estimates. Azure segment which the AI business falls under, wasn’t mind-blowing. As Trump toys with the idea of a 25% tax on Canada and Mexico, the dollar continued to advance. DeepSeek shock seems to have calmed down.
Headlines
• Stock market today: S&P 500 closes higher but Microsoft stumble keeps lid on gains
• OpenAI eyes massive investment round valuing it at $340 billion
Softbank to lead the round investing around $20b
• Indexes end higher as investors weigh key corporate earnings
Tesla to roll out cheaper models in 25H1, autonomous ride-hailing in June.
• 67 believed dead after American Airlines plane collides with Army helicopter
• Factbox-Deadly US airline crashes since 2001
• Italy’s regulator blocks Chinese AI app DeepSeek on data protection
• Trump to announce 25% tariffs on Canada, Mexico
• Markets (and the world) on edge as Trump’s tariff deadline approaches
Trump reiterated his intent speaking to reporters at the White House. The self-imposed deadline is Feb 1. “We may or may not. We’re going to make that determination probably tonight.”
• US military deportation flight likely cost more than first class
The one way ticket to Guatemala on a C-17 military transport aircraft is $4,675 per immigrant.
• Amazon reportedly boosts ad-spending on X in major U-turn: WSJ
• Apple to report Q1 earnings a week after stock hit with multiple downgrades
• Visa profit jumps on strong holiday spending
• Meta, Microsoft downplay DeepSeek threat
Claims Chinese AI will benefit their companies as well.
• UPS scales back on Amazon deliveries: It ‘just doesn’t make sense for us’
UPS will cut back on Amazon deliveries by 50% by 2026.
• Fed’s wait-and-see approach likely won’t be shaken by new GDP and inflation numbers
