Morning News: January 23, 2025
Mideast Billions Turn Heads in Davos, From Blackstone to Beckham
One by One, World Leaders in Davos Fall in Line in Trump Era
WTO Chief Ask Everyone to ‘Chill’ as Tariff Threats Swirl
Cheap, Not Trump, Is Why European Stocks Are Spiking
Turkey Central Bank Cuts Rates Again as Inflation Cools
China’s Latest Bid to Boost Stocks Barely Moves the Needle
Where Economists Think the Trump Economy Is Headed
Trump Will Regret Designating Narcos as Terrorists
Are US Taxes Too High or Too Low? Choose Your Chart
Trump Sees National Emergencies Where Experts Say There Are None
Trump Maps Pivot From Quick Wins to Harder, ‘Solvable’ Problems
Trump’s Death Penalty Order Is a Message to the Supreme Court
Crop Trader Declares Force Majeure Along US Gulf During Rare Southern Snow
California’s Recovery Must Price In the True Cost of Risk
Trump’s D.E.I. Order Creates ‘Fear and Confusion’ Among Corporate Leaders
Why Trump Pardoned ‘Silk Road’ Founder Ross Ulbricht
When A.I. Passes This Test, Look Out
Abu Dhabi’s MGX Helps Bankroll Trump’s $100 Billion AI Plan
Oracle Takes Run at Cloud’s Big Three With Trump-Backed AI Pact
GE Aerospace Tops Profit Estimates, Plans $7 Billion Buyback
American Air Sees Surprise Loss in Break From Bullish Rivals
American Airlines Outlook Clouds 4Q Results That Beat Wall Street’s Estimate
Forget Factories, Small US Towns Want Buc-ee’s Gas Stations
Some Walmart Managers Get a Raise, Lifting Their Max Pay Above $600,000
Bitter Boardroom Feud for Korea Zinc Takes a Dramatic Turn
A Start-Up Claimed Its Device Could Cure Cancer. Then Patients Began Dying.
Wembanyama Prepares to Become ‘Genuine’ Face of the N.B.A.
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Posted by Eddy Elfenbein on January 23rd, 2025 at 7:01 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 