Financial Summary: Wednesday, January 28, 2026

The IRS watchdog warns that taxpayers may face increased challenges during the 2026 filing season.

Rap artist Nicki Minaj announces her support for Trump and plans to attend a summit with him.

The Department of Energy has launched a new initiative to enhance the nuclear fuel supply chain amid rising interest in nuclear energy.

A recent interview discusses the potential for geothermal energy as a sustainable energy solution and its development pathways.

Minneapolis small-business owners express concerns for their safety and the viability of their businesses due to the increased presence of ICE in the city.

Mark Carney highlighted the need to address global issues like the Ukraine war and Arctic security in talks with Donald Trump.

Italy's interior minister announced new restrictions on US federal agents during the Winter Olympics in Milan Cortina.

Australia's inflation rate has surged to 3.6%, raising concerns about the economic outlook.

President Trump warned Iran that time is running out for a deal to avoid US military action amid rising tensions.

Oil prices increased following Trump's announcement of a 'massive Armada' heading to Iran.

UK Labour leader Keir Starmer confirmed that talks with the US on the Chagos Islands have resumed after Trump's criticism.

Chinese AI companies, including Alibaba and Moonshot, are launching new AI models in anticipation of the DeepSeek holiday.

India's stock market is experiencing its worst start in a decade, prompting investors to seek growth opportunities ahead of the upcoming budget.

The Reserve Bank of India has introduced new regulations for Core Investment Companies, raising compliance concerns within the sector.

The Reserve Bank of India's projected dividend to the government could reach ₹3 lakh crore in FY27, boosting non-tax revenues.

StockHolding Services Ltd has launched the StockFin 2.0 app to promote retail investor participation in the stock market.

Meta has signed a $6 billion deal with Corning to enhance its AI data center infrastructure.

Amazon announced layoffs of about 16,000 corporate workers in its cloud unit due to internal communication errors.

ADM will pay $40 million to settle SEC claims related to accounting fraud, with its former CFO facing legal action.

TVS Motor Company reported a record Q3 with a 49% increase in net profit, driven by strong sales.

LVMH shares fell 7% after reporting mixed full-year earnings, lagging behind competitors.

Pinterest plans to cut nearly 15% of its workforce in a restructuring effort focused on AI advancements.

Starbucks shares surged following strong sales growth, indicating positive market response to its performance.

Allbirds announced the closure of all full-price U.S. stores to focus on e-commerce, aiming to enhance profitability.

Microsoft has released its earnings report, providing insights into its financial performance for the quarter.

General Electric's shares have dropped as investors are concerned about the focus on parts of its business that are underperforming.

The yen weakened slightly against major currencies amid a possible technical correction following recent gains.

Oil India shares surged nearly 10% as global crude oil prices hit a four-month high amid geopolitical tensions.

Defence stocks like BEL, HAL, and GRSE surged up to 11% ahead of the Union Budget 2026, with expectations of increased government spending.

S&P and Nasdaq futures rose ahead of the Federal Reserve's rate decision, boosting global chip stocks.

The S&P 500 index surpassed 7,000 for the first time, driven by optimism over earnings and a rebound from recent market crises.

Indian markets experienced a rise fueled by optimism surrounding the India-EU free trade agreement and positive global cues.

The Federal Reserve has decided to hold key interest rates steady, reflecting an improved economic outlook.

The U.S. dollar has rebounded following Treasury Secretary Bessent's dismissal of potential yen intervention reports.