Latest Business News
US Consumer Confidence Plummets to 84.5 in January
The Conference Board Consumer Confidence Index fell sharply from 94.2 in December to 84.5, with current business and labor conditions dropping to 65.1, signaling recession risks. Consumers' short-term outlook also declined by 9.5 points amid high uncertainty.
This reflects broader economic concerns including trade tensions.
Bank of Canada Rate Decision Expected to Hold on Jan 28
The Bank of Canada is set to announce its first 2026 interest rate decision today, with economists predicting no change despite rising unemployment at 6.8%. Inflation rose to 2.4% in December, influenced by GST holiday effects, keeping rates steady.
A weaker job market may prompt future cuts.
Federal Reserve FOMC Rate Decision and Powell Press Conference Today
Jerome Powell's FOMC press conference is scheduled for January 28, 2026, amid anticipation for the US Fed rate decision. Markets await signals on potential rate adjustments given recent consumer confidence drop.
This follows global economic uncertainty trends.
IMF Reports Steady but Divergent Global Economic Forces
The IMF's January 2026 World Economic Outlook Update highlights resilience in the global economy despite divergent forces across regions. Growth remains steady but faces challenges from trade and policy uncertainties.
This comes amid varying consumer and business sentiments worldwide.
Tether Posts $15B Profit, Eyes US Expansion Amid Warnings
Crypto firm Tether minted about $15 billion in profit last year, with $187 billion in assets and plans for US growth. CEO Paolo Ardoino warns of potential Western social collapse, positioning stablecoins as core infrastructure.
This underscores shifting crypto's role in business.
Trade Tensions Rise with China Truce Expiring in 2026
US-China trade truce lasts only until November 2026, with reengagement expected alongside issues with Canada and Mexico. Canada’s talks with China prompted strong US reaction, reordering global trade flows.
Imports from China dropped 26% year-over-year.
Amazon and JPMorgan Lead Coworking Space Comeback
Major firms like Amazon and JPMorgan are embracing shared coworking spaces a year after return-to-office mandates. This trend helps fill office needs amid hybrid work shifts.
It signals adapting corporate real estate strategies.
Pfizer Shifts COVID Revenue to Cancer Research Push
Pfizer CEO Albert Bourla is redirecting COVID-era revenues toward cancer cures, expecting breakthroughs in his lifetime. The company focuses on oncology amid post-pandemic transitions.
This highlights pharma's strategic pivots.
Rick Rieder, $2.3T Fixed Income Manager, Eyed for Fed Role
BlackRock's Rick Rieder, overseeing $2.3 trillion in fixed income, is speculated as a potential Fed candidate. Known as an insomniac investor, his influence spans major markets.
This comes amid central bank anticipation.
JD Sports Gains in US Sneaker Market as Foot Locker Struggles
British retailer JD Sports is capturing share in America's booming sneaker market while Foot Locker falters. This reflects shifting retail dynamics in consumer goods.
Ongoing consumer spending concerns amplify competition.
Best CD Rates Reach Up to 4.18% APY as of Jan 27
Top certificate of deposit rates hit 4.18% APY, offering savers high yields amid rate hold expectations. Many options exceed 4.00%, appealing in uncertain economies.
This follows stable inflation signals.