Reliance Industries Surges on Strong Quarterly Profit, Retail Recovery 
Elliott Investment Management Takes Significant Stake in BP to Push for Value Growth 
Tokyo Core Inflation Slows Below 2%, Complicating BOJ Rate Hike Outlook 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Wall Street Analysts Weigh in on Latest NFP Data 
U.S. Condemns China's Dominance in Global Shipbuilding and Maritime Sectors 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
South Korea to End Short-Selling Ban as Financial Market Uncertainty Persists 
Urban studies: Doing research when every city is different 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Australia Inflation Rises Above Forecast in January, Fueling Interest Rate Hike Concerns 
US stock futures declined early Friday as markets braced for the December nonfarm payrolls report, a pivotal indicator for Federal Reserve policy. By 03:28 ET, S&P 500 futures slipped 0.2%, Nasdaq 100 futures dropped 0.3%, and Dow futures hovered near flat. The data is expected to show 164,000 job additions with the unemployment rate steady at 4.2%. Slower hourly earnings growth, projected at 0.3%, may ease inflation concerns. Analysts caution that only a significant deviation from expectations could sway Fed rate decisions.
Recent Fed minutes and official statements reveal hesitation toward immediate interest rate cuts, with fewer reductions expected in 2025. Policymakers remain watchful of economic resilience and potential inflationary pressures from trade policies. Benchmark US Treasury yields have risen, lifting the dollar while adding pressure on equities.
Taiwan Semiconductor Manufacturing Co. (TSMC) exceeded fourth-quarter revenue estimates with T$868.42 billion ($26.36 billion), driven by strong AI-related demand despite weak consumer electronics sales. December sales surged 57.8% year-over-year to T$278.16 billion ($8.44 billion). TSMC’s robust performance highlights its continued role as a key supplier for Nvidia and Apple, benefiting from increased investment in AI infrastructure.
Tesla launched an updated Model Y in China, priced at 263,500 yuan, a 5.4% increase from the previous version. Featuring enhanced seats and a second-row touchscreen, deliveries are set for March pending regulatory approval. Tesla faces stiff competition in China, its second-largest market, amid weakening global EV demand.
Oil prices gained 1% early Friday, with WTI at $74.71 and Brent at $77.68 per barrel, marking three consecutive weeks of growth. Severe winter conditions across the US and Europe have boosted heating demand, with Brent and WTI advancing 6% and 7%, respectively, over the past three weeks.
