World
AI Summary
- The US stock market is reaching new highs, notably the S&P 500 surpassing 7,000 points, primarily fueled by strong performance in the tech sector and ongoing optimism surrounding artificial intelligence, even as major tech companies like Amazon announce significant job cuts.
- Amidst escalating tensions, the US has significantly increased its military presence in the Middle East, with an armada arriving near Iran, prompting warnings from President Trump about the diminishing time for diplomatic resolution.
- US immigration policy and enforcement are drawing widespread controversy, particularly after fatal shootings involving federal agents in Minneapolis led to protests, calls for policy de-escalation from President Trump, and a shift in rhetoric from some Republican lawmakers.
- The US dollar's strength and global financial stability are under scrutiny, as statements from the US Treasury Secretary supporting a strong dollar policy conflict with President Trump's comfort with its decline, while some nations consider diversifying away from dollar dependence.
- Global economic and political landscapes are showing signs of fragmentation, with discussions at Davos indicating a decline in traditional globalism, European nations re-evaluating their energy dependencies, and growing caution among European companies regarding their supply chains in China.
ZeroHedge
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USD Pops, Yen Drops As TsySec Bessent Says "Absolutely Not Intervening"
an hour ago
by Tyler Durden
USD Pops, Yen Drops As TsySec Bessent Says "Absolutely Not Intervening" US Treasury Secretary Scott Bessent told CNBC Sara Eisen this morning that "the US always has a strong dollar policy". This statement comes after President Trump's apparent 'comfort' last night with the dollar declining... When asked if he was worried about losses in the dollar, Trump told reporters in Iowa on Tuesday: “No, I think it’s great.” Bessent then dropped two more tapebombs... While stating that "WE DON'T COMMENT ON INTERVENTION SPECULATION"... Bessent then confirmed that "US IS 'ABSOLUTELY NOT' INTERVENING IN DOLLAR-YEN NOW" This prompted yen weakness, retracing some of the post 'rate check' rally... ...and dollar strength... This
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Trump Unveils Mercantilism 101
an hour ago
by Tyler Durden
Trump Unveils Mercantilism 101 By Benjamin Picton, Senior Market Strategist at Rabobank The de-Dollarisation meme rolled on yesterday as the Bloomberg Dollar spot index sank to its lowest reading since February of 2022. The fall became precipitous after Donald Trump was given an opportunity by journalists to talk up the Dollar, but instead replied “no, I think it’s great” when asked whether he was concerned about its recent drop. It would seem that there is no rage against the dying of the strong Dollar from the President. Trump’s Treasury Secretary Scott Bessent had repeatedly assured financial markets last year that the administration still
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"Not A Pullback": Trump Dismisses Bovino Departure As Border Czar Homan Meets With Gov. Walz, Mayor Frey
an hour ago
by Tyler Durden
"Not A Pullback": Trump Dismisses Bovino Departure As Border Czar Homan Meets With Gov. Walz, Mayor Frey Authored by Aldgra Fredly via The Epoch Times, Border czar Tom Homan said on Jan. 27 that he met with Minnesota Gov. Tim Walz and Minneapolis Mayor Jacob Frey individually amid ongoing protests against federal immigration enforcement in the state. The meetings were held as anti-ICE protests intensified in Minnesota following the deaths of two Minneapolis residents protesting in separate incidents this month during immigration enforcement. Homan, in a post on X, described the meetings as productive and said he also spoke with senior law enforcement officials
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"America Is Back!!": President Trump Celebrates S&P Topping 7,000 As 'Gamma Wall' Looms
an hour ago
by Tyler Durden
"America Is Back!!": President Trump Celebrates S&P Topping 7,000 As 'Gamma Wall' Looms After continuously hitting the 'Gamma Wall' discussed by Goldman's Brian Garrett... ...the S&P 500 index opened higher this morning after strong results from ASML (and a slew of AI industry headlines), trading above 7,000 for the first time... President Trump took the opportunity to exclaim "America Is Back!!" Will that jinx it? Maybe... but there's another potential problem. Going back to where we started, GS futures strats calculate $6bn of long gamma at spot, which increases to $12bn long gamma +100bps higher > In English, a 100bps rally in spx cash creates supply of
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War Drums In Gulf: US Armada Arrives As Saudi Arabia, UAE Deny Airspace Access
2 hours ago
by Tyler Durden
War Drums In Gulf: US Armada Arrives As Saudi Arabia, UAE Deny Airspace Access Things between Tehran and Washington are moving fast according to an eerily familiar pattern hearkening back to the lead-up to the 12-day June war, when there was some wrangling over negotiations - and talk of good faith efforts at dialogue - just before the US greenlighted a surprise Israeli attack which also saw US entry into the conflict by the close of it (whereupon nuclear facilities were hit by American bombers). "Our stance is clear," Iran’s Foreign Minister Abbas Araqchi said Wednesday as the US has expressed the
The Guardian
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Hundreds feared dead in attempt to cross Mediterranean during cyclone
2 days ago
by Angela Giuffrida in Rome
Italy, Malta, Migration, Water transport, Europe, World news, Tunisia, Libya, AfricaFifty killed in one incident as Italian authorities estimate 380 people may have drowned last week Up to 380 people may have drowned attempting to cross the Mediterranean last week as Cyclone Harry battered southern Italy and Malta, the Italian coastguard has said, as a shipwreck with the loss of 50 lives was confirmed by Maltese authorities. Just one person, who was hospitalised in Malta, survived the shipwreck, which happened on Friday. Continue reading...
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Crocodile warnings as floods devastate southern Africa
2 days ago
by Rachel Savage in Johannesburg
Africa, Flooding, Zimbabwe, South Africa, Mozambique, Environment, World news, Extreme weatherMore than 100 people killed and hundreds of thousands displaced in South Africa, Mozambique and Zimbabwe Devastating floods have killed more than 100 people in southern Africa since the beginning of the year and displaced hundreds of thousands, as authorities and aid workers warn of hunger, cholera and attacks by crocodiles that have spread with the waters. More than 70 people have died in Zimbabwe and 30 in South Africa, where hundreds of people were evacuated from Kruger national park earlier this month after a deluge of rain. Continue reading...
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‘It’s the sovereignty of the country’: Guinea-Bissau says US vaccine study suspended
5 days ago
by Melody Schreiber
Guinea-Bissau, Health, Africa, Vaccines and immunisation, World news, Society, Science, US healthcare, US news, Robert F Kennedy JrDespite US pushback, officials in west Africa say controversial hepatitis B study on pause amid ethics concerns US health officials insisted it was still on. African health leaders said it was cancelled. At the heart of the controversy is the west African nation of Guinea-Bissau – one of the poorest countries in the world and the proposed site of a hotly debated US-funded study on vaccines. The study on hepatitis B vaccination, to be led by Danish researchers, became a flashpoint after major changes to the US vaccination schedule and prompted questions about how research is conducted ethically in other countries. Continue reading...
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ActionAid to rethink child sponsorship as part of plan to ‘decolonise’ its work
6 days ago
by Kaamil Ahmed
Global development, Aid, Humanitarian response, Charities, Charitable giving, Society, Feminism, World news, Africa, Americas, Asia PacificDevelopment charity’s new co-chief executives signal shift from controversial sponsor a child scheme launched in 1972 to long-term grassroots funding Child sponsorship schemes that allow donors to handpick children to support in poor countries can carry racialised, paternalistic undertones and need to be transformed, the newly appointed co-chief executives of ActionAid UK said as they set out to “decolonise” the organisation’s work. ActionAid began in 1972 by finding sponsors for schoolchildren in India and Kenya, but Taahra Ghazi and Hannah Bond have launched their co-leadership this month with the goal of shifting narratives around aid from sympathy towards solidarity and partnership with
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Head of US Africa bureau urges staff to highlight US ‘generosity’ despite aid cuts
8 days ago
by Aisha Down
US foreign policy, Africa, USAID, Trump administration, Aid, US news, World news, US politicsEmail sent to diplomats by state department office’s new boss is labelled ‘racist’ after dismissing Africa as a priority US diplomats have been encouraged to “unabashedly and aggressively” remind African governments about the “generosity” of the American people, according to a leaked email sent to staff in the US state department’s Bureau of African Affairs this January and obtained by the Guardian. “It’s not gauche to remind these countries of the American people’s generosity in containing HIV/Aids or alleviating famine,” says the email. Continue reading...
South China Morning Post
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S&P 500 hits 7,000 for first time as Nvidia, Microsoft and AI boom drive market surge
an hour ago
by Reuters
The S&P 500 breached the 7,000-point mark for the first time on Wednesday, driven by unrelenting optimism over artificial intelligence and expectations of strong Big Tech earnings as well as monetary policy easing. The benchmark index’s ascent between successive 1,000-point additions has quickened in recent years, reflecting mounting investor confidence in the US economy and corporate America. It took about three years for the S&P 500 to rise to 5,000 points from 4,000, but only about nine...
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Caribbean island wins climate case against Netherlands forcing Dutch action on rising seas
an hour ago
by Associated Press
A court on Wednesday ordered the Dutch government to draw up a plan to protect residents on the tiny Caribbean island of Bonaire from the devastating effects of climate change – a sweeping victory for the islanders. The Hague District Court, in a stunning rebuke of Dutch authorities, also ruled that the government discriminated against the island’s 20,000 inhabitants by not taking “timely and appropriate measures” to protect them from climate change before it is too late. “The island already...
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Amazon cuts 16,000 jobs amid AI shift, post-pandemic restructuring
3 hours ago
by Associated Press
Amazon is slashing about 16,000 corporate jobs in the second round of mass lay-offs for the e-commerce company in three months. The tech giant has said it plans to use generative artificial intelligence to replace corporate workers. It has also been reducing a workforce that increased during the pandemic. Beth Galetti, a senior vice-president at Amazon, said in a blog post on Wednesday that the company has been “reducing layers, increasing ownership, and removing bureaucracy”. The company did...
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Sarah Mullally confirmed as Archbishop of Canterbury, first woman to lead Church of England
4 hours ago
by Associated Press
Sarah Mullally was confirmed as Archbishop of Canterbury on Wednesday, becoming the first woman to lead the Church of England. The worldwide Anglican Communion, which includes the Episcopal Church in the US, has no formal head, but the archbishop traditionally has been seen as its spiritual leader. Mullally, 63, a cancer nurse turned cleric, officially took up the responsibilities of her new job as judges presided over a legal ceremony confirming her appointment, which was announced almost four...
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With China visit, Starmer makes clear he’s putting Britain first
4 hours ago
by Jianxi Liu
“I’m often invited to simply choose between countries. I don’t do that,” UK Prime Minister Keir Starmer said on Monday ahead of his China trip. The visit – after Canadian Prime Minister Mark Carney’s Beijing trip drew US tariff threats – is an attempt to drag British foreign policy into alignment with 21st century realities: a world of strategic rivalry but deep economic interdependence. Starmer’s remarks are not diplomatic wordplay, but a declaration the United Kingdom will no longer be a...
New York Times
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As Minneapolis Rages, Legislators Move to Restrict ICE in Their States
6 hours ago
by David W. Chen
Federal-State Relations (US), Illegal Immigration, United States Politics and Government, State Legislatures, Immigration Detention, Institute for Justice, Trump, Donald J, Good, Renee Nicole (1988-2026), Pretti, Alex Jeffrey (1988-2026)Efforts to curtail federal law enforcement tactics began last year, but with the deaths of Alex Pretti and Renee Good, Democratic lawmakers are pushing harder.
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Stephen Miller Suggests Federal Agents May Have Diverted From ‘Protocol’ Before Minneapolis Shooting
an hour ago
by Max Kim
Illegal Immigration, Federal Actions in US Cities, Immigration and Emigration, Murders, Attempted Murders and Homicides, Good, Renee Nicole (1988-2026), Noem, Kristi, Pretti, Alex Jeffrey (1988-2026), Trump, Donald J, Ross, Jonathan (ICE Agent)The comments by Mr. Miller, the influential White House deputy chief of staff, came after days of blaming Alex Pretti, who was fatally shot by federal agents.
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Republicans Shift Tone After Killings, Criticizing Trump’s Immigration Push
14 hours ago
by Carl Hulse
Illegal Immigration, United States Politics and Government, Federal Budget (US), Federal Actions in US Cities, Police Brutality, Misconduct and Shootings, Federal-State Relations (US), Immigration and Emigration, Polls and Public Opinion, Murders, Attempted Murders and Homicides, Homeland Security Department, Republican Party, Garbarino, Andrew, Noem, Kristi, Trump, Donald J, Thune, John R, Blackburn, Marsha, Pretti, Alex Jeffrey (1988-2026), Schumer, Charles E, Minneapolis (Minn)With the president signaling a pivot in his crackdown, G.O.P. lawmakers have felt freer to express concern. But it’s not clear what they are willing to do about it.
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Democrats Push to Impeach Kristi Noem, and Ilhan Omar Is Attacked in Minneapolis
5 hours ago
by Will Jarvis, Ian Stewart, Tracy Mumford and Andrew Duehren
United States Politics and Government, Impeachment, Democratic Party, Trump, Donald J, Omar, Ilhan, Noem, Kristi, Minneapolis (Minn)Plus, the woman who helped make GPS possible.
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Fed Meeting Comes at Pivotal Moment for Central Bank’s Independence
3 hours ago
by Tony Romm
Federal Reserve System, Powell, Jerome H, United States Economy, Interest Rates, Regulation and Deregulation of Industry, Banking and Financial Institutions, United States Politics and Government, Trump, Donald JThe Trump administration has unleashed a barrage of attacks on the Federal Reserve, including a criminal investigation into its chair, Jerome H. Powell.