Latest Finance-Economy News
Wall Street Slips from Records After JPMorgan's Weak Earnings
JPMorgan Chase reported weaker-than-expected profit and revenue, causing its stock to fall 3.9%, weighing on the market. CEO Jamie Dimon remains optimistic, noting consumers continue to spend and businesses are healthy.
This kicked off a mixed profit reporting season for big U.S. companies.
Delta Air Lines Stock Drops Despite Stronger Profit
Delta reported stronger end-2025 profit than expected but revenue fell short of forecasts. Its stock lost 2.7%, and the midpoint of its 2026 profit forecast disappointed Wall Street.
This reflects mixed airline sector performance.
US Inflation at 2.7%, Above Fed's 2% Target
December consumer prices rose 2.7% year-over-year, slightly worse than expected. An underlying inflation trend was better than forecast, potentially allowing Fed rate cuts.
Yields eased, with 10-year Treasury at 4.16%.
Treasury Yields Steady Amid Fed Rate Cut Expectations
Bond yields held steady after inflation data, boosting hopes for at least two Fed rate cuts in 2026 to support jobs. The two-year Treasury yield fell to 3.52%.
Lower rates could ease borrowing but risk inflation.
IMF Projects Global Growth Slowing to 3.1% in 2026
Global growth to decelerate from 3.3% in 2024 to 3.2% in 2025 and 3.1% in 2026. Advanced economies at 1.5%, emerging markets above 4%.
Projections revised up from April but down from pre-policy shifts.
Asian Shares Rise, Tokyo Hits Record High
Asian markets mostly advanced, with Tokyo reaching a record tracking Wall Street highs. This follows mixed U.S. sessions amid earnings reports.
Global volatility persists with policy uncertainties.
IMF Warns of Downside Risks from Protectionism, Uncertainty
Risks include prolonged uncertainty, more protectionism, and labor shocks reducing growth. Fiscal vulnerabilities and market corrections threaten stability.
Policymakers urged to rebuild buffers and preserve central bank independence.
Fed-Trump Tensions Raise Long-Term Inflation Fears
Treasury yields swung due to worries over Fed's feud with President Trump eroding independence. This could lead to higher inflation long-term.
Experts highlight risks of a less independent central bank.
Social Security Payments Issued Today with 2.8% COLA
First 2026 Social Security payments arrive January 14 with 2.8% cost-of-living adjustment. Over 70 million Americans receive higher checks.
This supports household finances amid economic adjustments.
Banks Like BAC, WFC Set for Pre-Market Earnings Today
Bank of America, Wells Fargo, and others report earnings before market open on January 14, 2026. Investors watch for insights post-JPMorgan's miss.
Full earnings calendar available for details.
IMF: Inflation Declining Globally but Above Target in US
Inflation to continue falling worldwide, subdued outside US where it's above target with upside risks. US risks tilted upward amid policy shifts.
Variation across countries noted in outlook.
Morgan Stanley: Inflation Not Reheating but Sticky
Inflation remains above target without reheating, per Morgan Stanley's chief strategist. Data supports Fed flexibility on rates.
Consumer spending and business health underpin optimism.