Wall Street breathed a sigh of relief after a surprise slowdown in inflation spurred a stock rally and a plunge in bond yields, reinforcing bets the Federal Reserve is on track to keep cutting rates this year.

Equities erased their losses for 2025, with the S&P 500 up about 2% in its biggest gain since the aftermath of the US election.

Wall Street has best CPI day since at least 2023

Wells Fargo & Co’s expenses dropped 12% in the fourth quarter (4Q) as chief executive officer Charlie Scharf continues to whittle headcount as part of broader efforts to slash costs and remake the bank. The company’s shares rose.

Wells Fargo shares rise as bank’s cost-cutting efforts take hold

JPMorgan Chase's annual profit rose to a record as its dealmakers and traders reaped a windfall from rebounding markets in the fourth quarter (4Q), it reported on Wednesday.

The largest US bank also forecast its net interest income (NII), or the difference between what it earns on loans and pays out on deposits, would rise above analysts' expectations this year, despite repeated warnings that high NII growth was unsustainable.

JPMorgan earns biggest-ever annual profit as investment bankers ride rebound

Citigroup beat estimates for fourth-quarter (4Q) profit, fuelled by strength in trading and dealmaking, and announced a US$20 billion (RM90.02 billion) buyback programme as it cut a closely watched return target.

Citigroup 4Q profit beats estimates on trading strength, but cuts return targets after 'critical' year

Goldman Sachs posted its best profit since the third quarter of 2021 to beat Wall Street expectations, driven by bankers who brought in more fees from dealmaking, debt sales and strength in trading.

Its shares rose 3% before the bell on Wednesday as the investment bank earned US$11.95 (RM53.79) per share in the fourth quarter (4Q), compared with US$8.22 expected by analysts, according to estimates compiled by LSEG.

Goldman Sachs 4Q profit beats estimates as investment banking, trading fuel bumper quarter

Wall Street's main indices opened higher on Tuesday, as investors assessed softer-than-expected producer inflation to gauge the Federal Reserve's monetary policy trajectory this year.

Wall St opens higher after softer-than-expected producer price data

WASHINGTON/OTTAWA/NEW YORK (Jan 13): Wall Street firms including Blackstone, Apollo Capital Management and Carlyle have agreed to pay more than US$63 million (RM283.58 million) for violating US Securities and Exchange Commission (SEC) rules over record-keeping, the regulator said on Monday.

More Wall Street firms settle US SEC charges over record-keeping

(Jan 14): A renewed wave of dip buying fuelled a rebound in stocks, following a selloff triggered by a recalibration of Federal Reserve wagers.

US stocks stage rebound as dip buyers wade back in 

US stocks dropped on Monday, with the benchmark S&P 500 at a two-month low as bond yields surged after robust payroll numbers last week, boosting expectations that the Federal Reserve will maintain a hawkish stance for most of this year.

At 09.50am the Dow Jones Industrial Average rose 105.06 points, or 0.25%, to 42,043.51, the S&P 500 lost 40.79 points, or 0.7%, to 5,786.25, and the Nasdaq Composite lost 274.13 points, or 1.43%, to 18,887.5.

S&P 500, Nasdaq fall as investors scale back bets on Fed rate cuts in 2025

US stocks sold off on Friday, with the S&P 500 erasing its 2025 gains, after an upbeat jobs report stoked fresh inflation fears, reinforcing bets that the Federal Reserve will be cautious in cutting interest rates this year.

Wall Street ends lower as blowout job data spooks traders

Constellation Energy Corp surged after it agreed to acquire closely held Calpine Corp for US$16.4 billion (RM73.83 billion) to create the largest fleet of US power stations.

Shares of Constellation climbed as much as 23% in New York trading. Constellation will pay a mixture of cash and stock, and assume about US$12.7 billion of Calpine’s net debt in the deal, the companies said on Friday in a statement.

Constellation Energy surges after agreeing to buy Calpine for US$16.4 bil

Walgreens Boots Alliance Inc reported quarterly results that surpassed Wall Street’s expectations, easing pressure on the pharmacy chain as it mulls strategic options including a sale.

Walgreens sales at US pharmacies beat expectations

Too many jobs? Stocks fall. Too few jobs? Stocks still fall.

Wall Street warns stocks need ‘goldilocks’ US payrolls report

Money manager Mario Gabelli is asking a judge to make the film and TV company Paramount Global hand over files about its merger with Skydance Media so investors can tell what controlling stockholder Shari Redstone is getting in the deal and whether it’s fair.

Gabelli pushes Paramount for files in fight over Skydance deal

Petroliam Nasional Bhd (Petronas) appears to have retained the lucrative natural gas exports business, while Sarawak will control the domestic gas aggregation in the state, Kenanga Investment Bank said.

Petronas' spending cuts likely less than feared as S'wak gas exports business intact, says Kenanga as O&G services stocks rally

AFTER more than half a century of interminable legal proceedings, Semantan Estate (1952) Sdn Bhd won a major victory in August when the Kuala Lumpur High Court allowed its application requesting the Federal Territory Land Registrar to register the 263.272-acre “Duta enclave” land in its name....

In The Courts 2024: Semantan Estate notches major victory but battle yet to be won

KUALA LUMPUR (Jan 16): Sarawak Oil Palms Bhd (KL:SOP) is targeting a revenue of RMB 2.4 million (RM1.5 million) as its flagship product, AvantHealth Avtriee Tocotrienols, makes its debut in the Chinese market.

Sarawak Oil Palms eyes RM1.5 mil revenue with AvantHealth product’s debut in China

Former prime minister Datuk Seri Najib Razak said that he was using Low Taek Jho (Jho Low) for his international connections, and denied that the now-fugitive was carrying out his bidding to misappropriate funds from troubled 1Malaysia Development Bhd (1MDB).

Najib says he was using Jho Low's international connections, not to misappropriate 1MDB funds

SINGAPORE/NEW YORK (Jan 16): Oil prices gained for a second session on Thursday, supported by worries over supply amid US sanctions on Russia, a larger-than-forecast fall in US crude oil stocks, and an improving global demand outlook.

Oil rises as US inventory decline heightens supply concerns

KUALA LUMPUR (Jan 16): Data-centre proxy stocks on Bursa Malaysia have fallen sharply since the beginning of the year, due to US export restrictions on artificial intelligence (AI) chips, but analysts caution against buying the dip too soon.

Data-centre proxy stocks decline; experts warn against early bottom fishing

Semiconductor equipment maker Grand Venture Technology Ltd (GVT) is trying to turn the world’s hunger for advanced memory chips into a chance to become a major supplier, as giants from Micron Technology Inc to Infineon Technologies AG build new factories in Asia.

AI boom far from over, says Singapore chip-gear maker GVT

A prominent climate group that has been rocked by an exodus of Wall Street banks is exploring its “next phase” to decide how best to help members manage strategies and risks.

Net-Zero Banking Alliance to explore next steps after exodus of Wall Street banks

WASHINGTON (Jan 15): The United States on Wednesday imposed hundreds of sanctions targeting Russia, seeking to increase pressure on Moscow in the Biden administration's final days, and protect some sanctions previously imposed.

US issues fresh round of sanctions against Russia ahead of Trump's return to White House

Investment management firm Vertical Theme Sdn Bhd is planning to seek approval in the coming weeks to start talks about selling its stake in Alliance Bank Malaysia Bhd (KL:ABMB), according to people familiar with the development.

Alliance Bank’s top shareholder Vertical Theme mulling sale to DBS, Bloomberg reports

The High Court on Thursday approved a pension increase for retirees, based on their final salary according to the 2016 Public Services Department circular, effective January 2022.

High Court rules in favour of pensioners, govt ordered to pay arrears within three months

CBH Engineering Holding Bhd (KL:CBHB) rose 18% on Thursday in Bursa Malaysia’s ACE Market trading debut, following robust demand during the engineering services firm’s initial public offering (IPO).

CBH Engineering rises 18% in ACE Market trading debut

WASHINGTON/SINGAPORE (Jan 15): The Biden administration added more than two dozen Chinese entities to a US&nbsp;restricted trade list on Wednesday, including Zhipu&nbsp;AI, a&nbsp;developer&nbsp;of large language models, and Sophgo, a company whose TSMC-made chip was illegally incorporated into a Huawei artificial intelligence (AI) processor.

US blacklists Chinese companies over TSMC chips in Huawei processor

KUALA LUMPUR (Jan 16): Malaysia’s tourism industry upcycle has started ahead of Visit Malaysia Year 2026, and could bolster share prices of related companies in the next two years, said Maybank Investment Bank (Maybank IB).

Malaysia’s tourism upcycle has begun, some related stocks could gain — Maybank IB

Malaysian Prime Minister Datuk Seri Anwar Ibrahim officially inaugurated YTL Brabazon New Town in Bristol, a development poised to become the most sustainable new town in the UK.

Anwar launches UK’s most sustainable new town in Bristol by YTL

Malaysian construction stocks fell sharply on Thursday for the sixth straight day as the US further tightens restrictions on advanced semiconductor exports and investors lock in profits from a recent rally.

Construction stocks extend decline sharply as Gamuda, IJM fall 5%

Eastern &amp; Oriental Bhd (KL:E&amp;O), Malaysia’s premier lifestyle developer, has launched Maris, a RM700 million waterfront residence located in the Gurney Green district on Andaman Island, Penang.

E&O unveils RM700m Maris waterfront development in Penang

Nate Anderson, the short seller who made his name with campaigns targeting billionaires Gautam Adani, Jack Dorsey and Carl Icahn, said he’s disbanding his small but renowned firm, Hindenburg Research.&nbsp;

Short seller Nate Anderson says he’s disbanding Hindenburg

Asian shares tracked Wall Street higher on Thursday and the dollar was soft as easing core US inflation kept potential rate cuts by the Federal Reserve on the table, while the yen rose to a one-month high on rate hike bets.

Stocks rise with US rate cuts back in view; yen at one-month high

KUALA LUMPUR (Jan 16): Data-centre proxy stocks on Bursa Malaysia have fallen sharply since the beginning of the year, due to US export restrictions on artificial intelligence (AI) chips, but analysts caution against buying the dip too soon.

Investment management firm Vertical Theme Sdn Bhd is planning to seek approval in the coming weeks to start talks about selling its stake in Alliance Bank Malaysia Bhd (KL:ABMB), according to people familiar with the development.

Former prime minister Tan Sri Muhyiddin Yassin will have all of his Jana Wibawa charges tried in one court instead of two separate courts.

Muhyiddin’s seven Jana Wibawa charges to be heard in one court

Wall Street breathed a sigh of relief after a surprise slowdown in inflation spurred a stock rally and a plunge in bond yields, reinforcing bets the Federal Reserve is on track to keep cutting rates this year.

Equities erased their losses for 2025, with the S&amp;P 500 up about 2% in its biggest gain since the&nbsp;aftermath of the US election.

Despite incoming US President Donald Trump's pledge to impose sweeping 60% tariffs on all Chinese imports, the implementation is likely to be far less drastic, according to Affin Bank’s chief economist Alan Tan Chew Leong. &nbsp;

Impact of Trump's proposed tariffs on Chinese imports likely to be less severe than feared for region — Affin Bank

DOHA/CAIRO/JERUSALEM (Jan 16): Israel&nbsp;intensified strikes on Gaza hours after a ceasefire and hostage release deal was announced, residents and authorities in the Palestinian enclave said, and mediators sought to quell fighting ahead of the truce's start on Sunday.

Israel, Hamas ceasefire accord followed by airstrikes on Gaza, residents say

LONDON (Jan 15): The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will be a critical vehicle to expand and facilitate investment and trade between Malaysia and the United Kingdom (UK).

Anwar: CPTPP a critical vehicle to expand investment, trade between Malaysia and UK

KUALA LUMPUR (Jan 16): Bintai Kinden Corporation Bhd (KL:BINTAI) said it has secured the approval from Bursa Malaysia for a proposed plan to fix its finances and strengthen the engineering services firm.

Bintai Kinden gets approval for regularisation plan, confident measures will help exit PN17

OTTAWA (Jan 15): Canada&nbsp;could impose countermeasures on up to C$150 billion&nbsp;(US$105 billion, or RM471.8 billion)&nbsp;worth of US imports if President-elect Donald Trump puts tariffs on Canadian goods and services, a source familiar with the matter said on Wednesday.

Canada could impose tariffs on US$105b worth of US imports — Reuters

SEOUL (Jan 16): South&nbsp;Korea's central bank unexpectedly left its policy interest rate unchanged on Thursday, weighing the impact of its back-to-back cuts last year, while supporting the won, which weakened to a 15-year low versus the US dollar in recent weeks.

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