Latest Finance-Economy News
Spot Gold Surpasses Historic $4,900 Mark
Spot gold has reached a record high price of $4,900 per ounce amid ongoing market volatility. This milestone reflects strong investor demand for safe-haven assets. Gold stocks retreated despite the surge.
Trump Threatens Retaliation Against Europe's US Asset Sell-Off
President Trump warned that Europe's divestment of US assets will face 'severe retaliation'. This statement escalates transatlantic financial tensions. Markets are monitoring potential trade impacts.
Trump Sues JPMorgan for $5 Billion Over Account Closure
Trump filed a lawsuit against JPMorgan, alleging political reasons for closing his account and seeking $5 billion in damages. The case highlights banking-political frictions. JPMorgan has not yet responded publicly.
SpaceX Secures Banks for Mega-IPO Preparation
SpaceX has agreements with four major banks to prepare for a massive IPO. This move signals potential valuation boost for Elon Musk's venture. Investors anticipate significant market debut.
Pan Gongsheng Signals Room for China RRR Cuts and Rate Reductions
PBOC Governor Pan Gongsheng stated there remains space for reserve requirement ratio cuts and interest rate reductions in 2026. This supports China's easing monetary policy. Markets reacted positively to the outlook.
China Conducts 900 Billion Yuan MLF Operation
The People's Bank of China announced a 900 billion yuan medium-term lending facility operation on January 23 with a one-year term. This injects liquidity into the financial system. It aims to stabilize domestic markets.
US Markets Close Higher: Dow +0.6%, S&P 500 +0.55%, Nasdaq +0.9%
Wall Street ended the session with gains, led by Nasdaq's 0.9% rise. Notable movers included Novo-Nordisk up nearly 5% and Alibaba rising 5%.
Nasdaq China Golden Dragon Index climbed 1.6%.
Xiaomi Launches HK$2.5 Billion Share Repurchase Plan
Xiaomi Group initiated a share repurchase program of up to 2.5 billion Hong Kong dollars. This boosts investor confidence amid market fluctuations. Shares responded positively to the announcement.
Alibaba's Chip Arm Pingtouge Plans Independent IPO
Reports indicate Alibaba's semiconductor subsidiary Pingtouge is preparing for an independent public listing. This separates chip operations from the parent company. It aligns with China's tech self-reliance push.
Pre-Market Earnings: SLB, ERIC, FCNCA, BAH, WBS Report Today
Companies like SLB, Ericsson (ERIC), First Citizens (FCNCA), Booz Allen (BAH), and Webster Financial (WBS) are set to report Q4 2025 earnings pre-market. Analysts forecast varied growth, with ERIC showing strong P/E relative to peers.
SLB expects 19.57% EPS decline year-over-year.
LandSpace IPO Review Status Changed to 'Under Inquiry'
Chinese rocket firm LandSpace's IPO application status updated to 'under inquiry'. This step advances its public listing process. Investors watch for space sector growth.
Pop Mart Shares Surge 6% on Repurchase Announcement
Pop Mart (09992.HK) jumped nearly 6% following a share repurchase disclosure. The move supports stock price amid sector advances. Commercial aerospace concepts also rebounded.