News
Big banks kickstart earnings season
• JPMorgan Chase missed earnings estimates, shares fell >3% pre‑market; Goldman Sachs posted a revenue beat with a 72% jump in equities trading revenue; Wells Fargo beat earnings but missed revenue. • President Donald Trump defended easing regulations on Russian diesel exports as Brent crude topped $106/barrel. • Delta Air Lines delayed launch of nonstop Atlanta‑Riyadh service to March due to airport attacks in Saudi Arabia. • Meta introduced Muse Wonder AI model, subscription starting at $20/month for digital assistants and API access. • McDonald’s faces competition in chicken and drinks; Starbucks denied rumors of buying Chipotle, whose shares fell ~4%. • Cleveland Fed President Beth Hammack warned of a restrictive monetary policy amid persistent inflation concerns.