Business

The Federal Reserve reported industrial production rose 0.4 percent in December, and output was 2.0 percent higher than a year earlier.

Vanguard's 2025 Retirement Outlook found fewer than half of Americans (42%) are on track for retirement, with Gen Z (47%) and millennials (42%) more likely to be prepared than baby boomers and Gen X (about 40%); median-income baby boomers face a projected replacement rate near 56% and an estimated $9,000 annual shortfall.

U.S. stock index futures climbed as memory chipmakers drove Friday gains while the fourth-quarter earnings season began amid a volatile week for markets.

The Department of Health and Human Services under Secretary Robert F. Kennedy Jr. has launched a study on cellphone radiation, and the FDA removed webpages that had stated there was no established link between cellphone use and health problems, the Wall Street Journal reported.

A 41.28-carat blue diamond was found at the Cullinan mine, and Petra Diamonds says the Type IIb stone—reported by the company as 41.82 carats—is being analyzed to confirm its final size and quality.

After six months as CEO, Antonio Filosa said he is enjoying the role and indicated Stellantis may revisit its large brand portfolio, with fuller details to be shared at Capital Markets Day in 2026.

Futures tracking Toronto's S&P/TSX were up 0.24% as oil steadied, and Prime Minister Mark Carney said Canada and China agreed to cut tariffs on electric vehicles and canola.

The article reports that soaring demand for AI computing has prompted large infrastructure plans, yet public data center REITs have lagged in market performance as structural payout rules, capital limits, competition and power constraints limit their participation.

Small, mostly Latino-owned businesses on Lake Street have posted 'No ICE' signs and altered hours after frequent ICE raids and protests following a reported death, while the article says major Minneapolis-based corporations did not provide on-the-record comment or guidance.

Orient Securities maintained a Buy rating on Alibaba Group, and the article also notes UOB Kay Hian kept a Buy rating; Alibaba reported quarterly revenue of HK$247.65 billion and a net profit of HK$40.65 billion for the quarter ending June 30.

A National Bureau of Economic Research study finds married couples and married men accumulate substantially more wealth than singles, and many retirees spend only a modest share of their assets. The article outlines saving strategies the authors mention, including starting early, using tax-advantaged accounts, investing steadily, and automating contributions.

China and Canada announced a new strategic partnership that lowers tariffs on Chinese-made electric vehicles and on Canadian canola; Canada will allow up to 49,000 Chinese EVs at a 6.1% tariff and China is expected to cut canola tariffs to about 15% by March 1.

An American Chamber of Commerce in China survey of 368 companies found 64% named slowing Chinese growth as their main concern, while 58% cited U.S.-China trade tensions.

An AFP survey of analysts estimated China's 2025 growth at a median 4.9 percent, while President Xi said growth was 'around five percent'; official national growth figures were scheduled for release on Monday.

China's record trade surplus last year generated about $1.2 trillion in foreign exchange, and the article reports roughly two-thirds of that flowed into private-sector foreign assets, boosting overseas purchases including a reported $535 billion surge in portfolio investment through September.

KeyBanc upgraded Intel to Overweight and raised its price target from $40 to $60; Intel shares jumped nearly 8% in Tuesday trading.

Canadian Prime Minister Mark Carney arrived in Beijing and is set to meet Chinese leader Xi Jinping after almost a decade of strained relations; officials described the visit as consequential and historic.

Asia-Pacific markets were set to open higher following a Wall Street rally led by chip and bank stocks; the article mentions a U.S.-Taiwan trade deal that includes at least $250 billion of Taiwanese semiconductor investment in U.S. production capacity.

A Jan. 14 Canadian Press story misreported Nova Scotia's planned offshore wind capacity as 40 megawatts beyond a 2.4-megawatt need; the correct figure is 40 gigawatts beyond the 2.4-gigawatt need, and the story has been updated to correct both errors.

California regulators gave final approval for Verizon’s planned $9.6 billion acquisition of Frontier after Verizon agreed to concessions including a $500 million small-business spending pledge and other state commitments; the company expects the transaction to close on Jan. 20.

Bilt launched three Bilt 2.0 cards that extend rewards to personal mortgage payments and shift housing rewards to a system where Bilt Cash earned on non-housing purchases is used to unlock Bilt Points.

President Trump told Reuters he finds Reza Pahlavi 'very nice' but said he is unsure whether Iranians would accept him as a leader; protests are ongoing in Iran and no clear successor to the current leadership has emerged.

NBA commissioner Adam Silver is meeting in Europe to build support for a new NBA-FIBA league, while the EuroLeague has warned it may take legal action over licensed clubs.

UBS says income investors should diversify income sources because it expects higher volatility and tight credit spreads; the firm highlights bonds, private credit and structured products as potential income sources.

Vintage photos trace a shift from early 1900s department stores that sold necessities like food and home goods to a modern retail landscape where many luxury chains are struggling; the article reports that Saks Global filed for bankruptcy on Tuesday.

Initial claims for state jobless benefits fell to 198,000 last week, below economists' expectations of 212,000, and the four-week moving average declined to 205,000.

A Forbes piece tours BMW UK's heritage fleet and highlights four cars — the 3.0 CSL 'Batmobile', M1, Z1 and E39 M5 — describing their histories, specifications and the author's driving impressions.

Mortgage rates fell to just above 6%, the lowest level in more than three years, after a White House-directed $200 billion mortgage bond purchase by Fannie Mae and Freddie Mac; home sales rose more than 5% in December.

Federal prosecutors have opened a criminal investigation into the Federal Reserve's $2.5 billion headquarters renovation and the Justice Department subpoenaed the Fed; Fed Chair Jerome Powell said the move raised concerns about the central bank's independence.

Analysts hold mixed views on Ferrari — HSBC has downgraded the stock while UBS and Bernstein keep more positive stances — and investors are awaiting the company's 2025 results and guidance on February 10.