Financial Summary: Tuesday, January 13, 2026

Top Republicans raise concerns over the Justice Department's investigation into Federal Reserve Chair Jerome Powell, questioning the central bank's independence.

UK ministers promote the country's economic potential at the World Economic Forum in Davos to attract foreign investment.

President Trump announces a 25% tariff on countries trading with Iran, impacting economies like China and India amid ongoing protests in Iran.

Japan faces fiscal concerns as JGB prices decline, with speculation of a snap election potentially leading to economic stimulus.

European gas prices rise due to increased heating demand amid colder weather and unrest in Iran.

Oil prices surged by 3% following President Trump's cancellation of meetings with Iran and his support for Iranian protesters.

Countries including Italy, India, and Kazakhstan are tightening regulations on cryptocurrency trading and advertising.

Iran experiences severe unrest, marking some of the worst violence since the 1979 Islamic revolution as citizens revolt against the regime.

The Clintons refuse to testify in the investigation into Jeffrey Epstein, citing partisanship in the oversight committee's handling of the case.

UK Labour leader Starmer reverses plans to make digital ID mandatory for workers after pushback from party MPs.

The Supreme Court is set to hear arguments next week regarding Trump's ongoing feud with the Federal Reserve, a key moment for the central bank's independence.

India is enhancing its infrastructure and engaging in global discussions to strengthen its position in the artificial intelligence sector.

Indian banks are set to install over 17,000 new ATMs, focusing on cash recyclers to improve cash handling efficiency.

Jefferies warns that India's new labour codes could lead to a 10-20% profit decline in the IT sector for the December quarter.

Alphabet's market capitalization hits $4 trillion, fueled by AI optimism and a new partnership with Apple.

Jersey Mike's plans to open 400 new stores in the U.K. and Ireland as part of its European expansion.

SK Hynix announces a $13 billion investment in a new advanced packaging plant to meet rising memory chip demand.

Reliance Retail's stock drops 10% following a 97% decline in Q3 net profit, raising investor concerns.

Goldman Sachs is replaced by JPMorgan in Apple's credit card partnership after negotiations.

Ola Electric launches its first residential Battery Energy Storage System, 'Shakti', entering the BESS market.

Delta Air Lines announces a new deal with Boeing and provides guidance for 2026 amid rising air travel demand.

Nike signs its first pickleball deal with rising star Anna Leigh Waters, expanding its sports sponsorship portfolio.

Bank of Maharashtra reports a 26% year-on-year profit increase, driven by strong loan growth.

Palantir faces legal challenges as it attempts to intimidate former employees of Percepta, according to startup executives.

Eaton Corporation PLC releases its latest analyst report, providing insights into its financial performance and market position.

Gold prices fell by Rs 300 as profit booking occurred after reaching record highs amid ongoing geopolitical tensions.

Seven BSE 500 stocks, including Authum Investment and NALCO, hit 52-week highs, showcasing bullish momentum despite market weakness.

Retail equity trading has slowed, but SIP inflows and commodity market volumes have reached record highs, bolstering India's capital market.

U.S. stock futures fell ahead of key inflation data and bank earnings reports, reflecting cautious market sentiment.

BlackRock's transfer of $339M in Bitcoin raises concerns among traders about a potential sell-off and its impact on Bitcoin prices.

Indian markets showed caution amid tariff concerns, with analysts recommending stocks like Oil India and PVR Inox for short-term gains.

Indian equities ended lower due to global trade concerns, rising crude prices, and a weak rupee, despite positive inflation data.

OpenAI has acquired healthcare startup Torch for $60 million to enhance its AI capabilities in the healthcare sector.

HCL Technologies reports strong quarterly earnings, boosting investor confidence in the tech sector.

PixVerse, backed by Alibaba, has launched a real-time AI video tool and is closing another financing round after raising $100 million.

Elon Musk's platform X is planning to introduce in-app crypto trading, as indicated by recent comments from Changpeng Zhao.

New developments in greenfield site projects are set to transform data centre design by 2026, focusing on sustainability and efficiency.

Elon Musk has mischaracterized the ongoing debate over sexual deepfakes and AI-generated indecent images as censorship, highlighting the moral imperative to address these issues.

Financial experts are debating the best strategy for claiming Social Security benefits, with opinions divided on early versus delayed claims.

A 42-year-old individual shares their journey of saving over $3 million for retirement, emphasizing the challenges of staying motivated.

There are growing calls for better regulation of cryptocurrency, highlighting the need to distinguish between the technology and its misuse.