Morning News: January 21, 2025
India’s Economy Slows Down Just When It Was Supposed to Speed Up
German Economic Hopes Slump Amid Uncertainty at Home and Abroad
Trump Effect on Crypto Undeniable, Will Lure Investment, Coinbase CEO Says at Davos
Milei ‘The Madman’ Is Back in Davos After Racking Up Victories in Argentina
China Warns Against Trade Wars In Davos Speech
Xi Dodges Early Trump Tariffs, Buying China Time to Influence US
US Bonds Rise as Tariff Respite for China Eases Inflation Fears
Trump’s Tariff Shifts Are a Warning for Corporate America to Expect Whiplash
Trump’s Tariff Whiplash Puts Top Trading Partners on Edge
He’s Ba-a-a-ck. Get Used to the Roller Coaster
Surprise: Trump’s Inauguration Didn’t Offer Unity After All
Elon Musk’s Antics Are Too Much for Germany’s Central Bank
JPMorgan ‘War Room’ Examining First Days of Trump Presidency
C.E.O.s, and President Trump, Want Workers Back in the Office
Trump Sued Over Order Making It Easier to Fire Federal Workers
US Retreats From Global Climate Fight
Donald Trump Isn’t the Biggest Threat Facing Greenland
Europe Must Not Rely Too Much on US Energy, Habeck Warns
Oil Majors Flirt With Electricity
Orsted Shares Sink on Writedown and Trump’s Anti-Wind Orders
Taliban Rebuff Trump’s Call to Return US Arms Worth Billions
Apple’s iPhone Sales in China Plunged 18% in Holiday Quarter
Trump Signs Executive Order in Attempt to Stall TikTok Ban
Bain Capital in Talks to Buy Mitsubishi Tanabe Pharma
Paris Olympics Medals Are Tarnishing, Putting LVMH in the Spotlight
The Alcohol Industry Is Hooked on Its Heaviest Drinkers
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Posted by Eddy Elfenbein on January 21st, 2025 at 7:05 am
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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The S&P 500 came close to a new all-time high but fell just shy at the closing bell.
Family offices are paying executive assistants up to $190,000 a year as demand for talent spikes
Latest stats. 84.6% of companies reported have beaten EPS estimates and 97.2% of companies reported have beaten revenue estimates, while 76.9% have beaten both EPS and Revenue.
In 1997, Amazon closed its first day of trading at $18 per share. Adjusted for splits, that's 7.5 cents per share. The stock just hit a new ATH this morning of $235.43.
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Eddy Elfenbein is a Washington, DC-based speaker, portfolio manager and editor of the blog Crossing Wall Street. His 