Financial Summary: Wednesday, January 14, 2026

The Reserve Bank of India is introducing new eligibility criteria for urban cooperative bank licenses to improve sector stability.

Economists expect the Reserve Bank of India to keep interest rates steady amid ongoing inflation concerns.

RBI Deputy Governor Shirish Chandra Murmu discusses the regulatory challenges of rapid digitalization in the financial sector.

Union Bank of India reports a 9.7% increase in Q3 net profit to Rs 5,073 crore, driven by lower provisions.

The CLARITY Act is introduced to clarify regulations for cryptocurrencies like Ethereum and Solana, potentially enhancing their market adoption.

Tesla transitions its Full Self-Driving feature to a monthly subscription model to stay competitive with Waymo.

Elon Musk's xAI faces investigation by the California DOJ over Grok's use of deepfake explicit images, with scrutiny from multiple countries.

Google launches a new Personal Intelligence feature in its Gemini app, ramping up competition with Apple in the AI sector.

Gold prices rose in early Asian trading as geopolitical tensions heightened, boosting its status as a safe-haven asset.

Japanese stocks hit record highs amid speculation of a snap election by the ruling LDP.

The UK advances its decarbonization goals with a successful offshore wind auction.

Leaders from Greenland and Denmark meet at the White House to discuss U.S. territorial interests amid rising tensions.

Protests erupt in Iran as citizens demand free speech and economic rights, echoing the 1979 revolution.

Oil prices drop nearly 2% after President Trump suggests a de-escalation in tensions with Iran.

China orders domestic companies to stop using cybersecurity software from several US and Israeli firms, impacting markets.

The U.S. Senate prepares to vote on a resolution regarding war powers in Venezuela amid lobbying from the Trump administration.

Approximately 1.5 million people have lost their health insurance under the Affordable Care Act due to the expiration of premium subsidies.

Many workers are experiencing financial stagnation despite wages keeping pace with inflation, due to rising living costs.

Ontario has expedited the Crawford Nickel Project to streamline resource development.

The social-assistance sector faces criticism for prioritizing service providers over the needs of the poor, calling for better welfare solutions.

A growing number of Americans are anticipating missing debt payments, which could adversely affect their credit scores.

Student loan borrowers in default may not receive larger tax refunds expected for the 2026 tax season.

The NYC Token, associated with former Mayor Eric Adams, saw a significant value drop after a $1 million withdrawal by one of its creators shortly after launch.

Netflix is making an all-cash bid for Warner Bros to enhance its competitive edge in the streaming industry.

Saks has appointed Geoffroy van Raemdonck to lead the company through its bankruptcy process.

Meta has initiated layoffs in its Reality Labs division and closed several VR studios as it pivots towards AI development.

Coca-Cola has decided to retain Costa Coffee, shifting focus back to its core beverage business.

Infosys reported an 8.9% revenue increase in Q3 FY26, despite a dip in profits due to rising labor costs.

Airbnb has appointed a former Meta GenAI leader as its new technology chief amid a major app redesign.

Dycom is targeting growth in AI data centers to establish itself as a key player in tech infrastructure.

Wells Fargo shares dropped significantly after the bank reported a profit miss, raising investor concerns.

Popular crypto company announced layoffs, reflecting ongoing challenges in the cryptocurrency market.

Wingstop has promoted Rajnesh Kapoor to COO, reinstating the role to strengthen its leadership team.

Edward Jones reported a 1% increase in net advisors, indicating growth in its financial advisory services.

Wall Street banks are strategizing against potential credit card rate caps proposed by Trump, with no formal guidance yet.