In the past week:
- Announced Trump tariffs boosted the dollar and oil, but stock markets and crypto reeled. China launched a probe of Google and another of Apple’s App Store. The USPS briefly halted delivery of parcels from China. The U.S. trade deficit hit a record high.
- Amazon said it would spend $100 billion on AI this year. Google dropped its pledge not to use AI for weapons or surveillance. Softbank committed to a joint venture with OpenAI. EU regulation of AI took effect.
- Covid vaccine sales boosted Pfizer’s results. Earnings reports from Disney and Palantir were strong. Spotify posted its first annual profit.
- Eli Lilly and PepsiCo posted mixed quarterly results. Alphabet fell short of expectations. Ford warned of growing EV losses. Amazon and Uber each offered disappointing guidance.
- Nissan ended merger talks with Honda. Stellantis shook up its management.
- Merck shares fell after it halted vaccine shipments to China. Honeywell said it would split into three companies. X sued Colgate, Nestle, Shell, and others over ad boycotts.
- Climate change was estimated to erase $1.4 billion in U.S. real estate value.
- The unemployment rate fell to 4% in January, and wages rose more than expected.
Investment legend Peter Lynch thinks it is a mistake to time the market and run to the hills in anticipation of a correction. He makes the case that it is best to hold shares of great companies through even the most volatile of market climates.
Billionaire investor Stanley Druckenmiller remains upbeat about the ongoing artificial intelligence (AI) boom. Check out why he has sold Nvidia Corp. (NASDAQ: NVDA) shares lately but is scooping up Broadcom Inc. (NASDAQ: AVGO) and others.
In its most recent earnings report, Alphabet Inc. (NASDAQ: GOOGL) forecast capital expenditures of $75 billion in 2025. See why its unexpectedly big data center spending plans could be good news for key suppliers Broadcom and Celestica Inc. (NYSE: CLS).
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