Citigroup CEO Jane Fraser said on Tuesday she does not expect Congress to ?approve caps on credit card interest ?rates as suggested by president ?Donald Trump. "The president is ?right in ?focusing on affordability", Fraser said during an ?interview to ?CNBC from Davos.
In the battle over President Donald Trump's effort to fire Federal Reserve Governor Lisa Cook that is set to go before the U.S. Supreme Court on Wednesday, the justices may focus on the president's use of social media to carry out this unprecedented action.
SARATOGA SPRINGS, N.Y., Jan. 20, 2026 Taligence, an executive search firm specializing in senior marketing hires, has partnered once again with Aspen Technology Labs, a global leader in labor market intelligence, to release the 2025 U.S. Marketing Jobs Report.
Advised by Walker & Dunlop, Greenbrook Partners obtained the loan to refinance a multifamily and mixed-use portfolio located in prime New York City locations. NEW YORK, Jan. 20, 2026 /PRNewswire/ -- This refinancing is a culmination of Greenbrook's endeavor to create a high-quality multifamily portfolio with best-in-class operations.
SEOUL, South Korea, Jan. 20, 2026 Lunit, a leading provider of AI for cancer diagnostics and precision oncology, will participate in the World Economic Forum Annual Meeting 2026 in Davos, Switzerland, as an Associate Partner.
Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Flood and Wildfire Scores, according to ICE Climate Data. A $32 million offering from Avalon, N.J., records a Flood Score of 5.0 out of 5.0, ICE reports.
ROSELAND, N.J., Jan. 20, 2026 For the four weeks ending December 27, 2025, U.S. private employers added an average of 8,000 jobs per week, according to the?NER Pulse, a weekly update of the monthly ADP National Employment Report?.?. The last week of 2025 showed a modest slowdown in hiring. The NER Pulse is an estimate of the week-over-week change in employment based on a four-week moving average.
* Trump steps up push to take control of Greenland. * Market reaction less severe than after "Liberation Day" tariffs, Amundi says. * US Treasury yields spike, curve steepens. By Elizabeth Howcroft.
U.S. homebuilder D.R. Horton (DHI) posted first-quarter profit and revenue above Wall Street's estimates on Tuesday, as its incentive offers for buyers and the Federal Reserve's interest-rate cuts boosted home sales.
The US dollar fell against its major trading partners early Tuesday after the government holiday Monday, with data the focus this week as Federal Open Market Committee officials are in their 'quiet period' ahead of their next meeting Jan. 27-28. Tuesday's schedule includes the Philadelphia Federal Reserve's nonmanufacturing reading for January at 8:30 am ET.
U.S. Treasury Secretary Scott Bessent said on Tuesday he believed it would be a mistake for ?Federal Reserve Chair Jerome Powell ?to attend Supreme Court arguments in a ?case about President ?Donald Trump's ?attempt to fire a Fed governor. The Supreme ?Court justices on ?Wednesday will consider the legality of Trump's bid to ?remove Fed Governor ?Lisa ?Cook.
Bitcoin is down 2% over the past 24 hours as rising U.S. Treasury yields put pressure on risk assets; liquidations stand at $361.56 million over the past 24 hours. ??. Bitcoin ETFs saw $394.7 million in net outflows on Friday, while Ethereum ETFs reported $4.64 million in net inflows. The total meme coin market capitalization extended declines, with a 3.9% drop to $44.7 billion.
* Vice Premier He leading Chinese delegation at Davos. * China's record trade surplus risks protectionist backlash. * China presents itself as reliable trade partner amid US tariff policies.
U.S. regional bank Fifth Third Bancorp (FITB) on Tuesday reported a rise in fourth-quarter profit, helped by higher interest income as loan demand picked up. Stable economic growth, a string of Federal Reserve ?rate cuts and easing concerns over the impact of tariffs have lifted sentiment ?across the U.S. economy, prompting households and businesses to step ?up borrowing.
U.S. regional bank Fifth Third
Bancorp (FITB) on Tuesday reported a rise in fourth-quarter profit, helped by higher interest income as loan demand picked up. Stable economic growth, a string of Federal Reserve ?rate cuts and easing concerns over the impact of tariffs have lifted sentiment across ?the U.S. economy, prompting households and businesses to step up ?borrowing.
The International Monetary Fund raised its global economic growth expectations for 2026 as increasing investments in artificial intelligence technology help offset headwinds from trade volatility. The agency said Monday it now projects real gross domestic product for the world to grow by 3.3% this year, up 0.2 percentage point from its prior forecast in October.
U.S. President Donald Trump may decide on who the next chairman of the U.S. Federal Reserve will be as ?early as next week, U.S. Treasury Secretary Scott ?Bessent said on Tuesday. "My guess is that ?the president will reach a ?decision, maybe ?as soon as next week. "We've run a process that started ?in September.
?Industrial giant 3M (MMM) posted ?an increase in fourth-quarter adjusted ?profit on Tuesday, ?as cost cuts ?and price hikes drove ?an improvement ?in profit margins. Cost cuts and the introduction ?of ?new ?products under CEO Bill Brown have helped 3M (MMM) shore ?up margins, cushioning the company from weak consumer demand against a prolonged inflationary backdrop.
President Donald Trump may reach ?a decision ?on the ?next chairman ?of ?the U.S. Federal Reserve ?as ?early as next week, ?U.S. ?Treasury ?Secretary Scott Bessent said on Tuesday. "We ?are now down to four candidates" ?and ?Trump has talked ?to all of them, Bessent said in a CNBC ?interview.
The most consequential test of the Federal Reserve's independence in more than a century of existence comes before the U.S. Supreme Court this week, with the focus on whether the justices will shield the world's most important central bank from political influence, as Congress intended, or allow President Donald Trump to clean house as he sees fit.
The most consequential test of the Federal Reserve's independence in more than a century of existence comes before the U.S. Supreme Court this week, with the focus on whether the justices will shield the world's most important central bank from political influence, as Congress intended, or allow President Donald Trump to clean house as he sees fit.
Industrial giant 3M (MMM) posted ?an increase in ?fourth-quarter profit ?on ?Tuesday, ?driven by its improving ?profit ?margins even as ?sticky ?inflation ?weighed on consumer demand. The company's ?adjusted profit stood at $1.83 per share during ?the ?period, compared ?with $1.68 per share a year earlier.
The U.S. Supreme Court signaled four months into Donald Trump's second presidential term last year its interest in shielding the Federal Reserve from political interference.
* Trump steps up push to take control of Greenland. * Market reaction less severe than after "Liberation Day" tariffs, Amundi says. * US Treasury yields spike, spreads steepen. By Elizabeth Howcroft.
Russia's central bank is monitoring the situation with rising prices in the country and taking measures to maintain stability, the Kremlin said on ?Tuesday when asked about the inflationary impact of a rise in valued-added ?tax.
Greece's current account deficit narrowed to ?2.08 billion ?euros ?in November, ?from 3.34 ?billion euros during ?the ?same month a year ?earlier, ?driven by ?a higher surplus in services ?and a reduced deficit in the goods ?balance, ?according to data ?from the Bank of Greece released on Tuesday.
Crisis Text Line, a leading nonprofit organization that provides free, 24/7, confidential mental health support, today released The Hidden Economic Value of Online Crisis Volunteers, a new global study led by the organization that quantifies the economic footprint of trained volunteer online crisis counselors operating at scale across multiple countries.
* US threatens tariffs on European states over Greenland. * China reports better-than-expected fourth-quarter GDP data. * Kazakhstan's Tengizchevroil halts production. By Nicole Jao. Oil prices rose on Tuesday on the temporary suspension of output at Kazakhstan's oil fields and expectations of firmer global economic growth that could drive fuel demand.
Indonesia's rupiah hit an all-time low against the U.S. dollar on Tuesday, even as the dollar index slid, amid renewed worries about central bank independence after the president picked his nephew among nominees for a senior central bank job. The rupiah has fallen nearly 2% against the dollar in January, placing it among the worst performing emerging Asian currencies, after dropping 3.5% in 2025.
The Bank of Japan is expected to raise its growth forecast on Friday and signal its readiness to hike interest rates further, as recent yen falls and prospects of solid wage gains keep policymakers alert to containing inflationary pressure.
Oil prices rose on Tuesday as investors monitored U.S. President Donald Trump's tariff threats against European states that oppose his push to acquire Greenland. Prices also drew support from the temporary suspension of output at Kazakhstan's oil fields and expectations of firmer global economic growth that could drive fuel demand.
* China reported better-than-expected Q4 GDP data. * US threatening tariffs on European countries over its desire to buy Greenland. * Tariff threats have weakened US dollar, supporting oil price.
Four in five workers believe artificial intelligence is going to impact their daily tasks at the workplace, with Gen Z among those most concerned as companies increasingly rely on AI chatbots and automation, a survey conducted by Randstad ?showed on Tuesday.
* TSX ends up 0.2% at 33,090.96. * CPI rises 2.4% year-over-year. * Materials group gains 2.2% as gold hits record high. * Technology ends 1.3% lower. By Ragini Mathur and Fergal Smith.
Canada's main stock market on Monday set its eight record close of 2026, with the resources heavy Toronto Stock Exchange buoyed by precious metals prices, and overcoming a mixed response to December inflation data and the release of business and consumer sentiment surveys from the Bank of Canada.
DAVOS, Switzerland, Jan. 19, 2026 A leader in value-based care in the autism industry, Catalight is on the ground at the 2026 World Economic Forum in Davos to advance a new vision for intellectual and developmental disability care that is outcome-driven, sustainable and built to address today's complex needs.
Euro zone finance ministers on Monday chose Croatia's Boris ?Vujcic, a trained ?economist and head of ?the central bank, ?as ?the European Central Bank's ?next vice president, ?EU officials said. Vujcic, 61, now ?serving his ?third ?six-year term as head of Croatia's central bank, ?had overseen his country's entry into the euro zone as its ?20th ?member.
Canadian consumer prices fell 0.2% month over month in December, but that translates to a 0.3% month-over-month rise in seasonally adjusted terms as prices are normally cut late in a year, sid Bank of Montreal.
The Bank of Canada's Business Outlook Survey overall indicator improved slightly in Q4 but remained subdued at -1.78, said TD after Monday's data. The share of firms anticipating a recession eased to 22% from 33% in the previous quarter, noted the bank. Investment intentions improved modestly in Q4.
Federal Reserve Chair ?Jerome ?Powell will attend ?the U.S. ?Supreme ?Court's ?oral ?arguments on Wednesday in ?a ?case ?about Trump's attempt to ?fire Fed Governor Lisa ?Cook, the ?Associated Press ?reported on Monday.
Canada's headline consumer price index growth rose to 2.4% year over year in December from 2.2% in November, with the increase largely driven by higher indirect taxes, with prior-year levels lowered artificially by a temporary GST/HST holiday in place from mid-December 2024 to mid-February 2025, said RBC.
The Bank of Canada Monday released the Canadian Survey of Consumer Expectations, for the fourth quarter of 2025, highlighting that concerns over high prices and economic uncertainty related to the trade conflict continue to have a negative impact on consumers.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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