Here are the top news, trends and analysis investors need to start their trading day:
A trader works on the floor of the New York Stock Exchange at the closing bell on January 14, 2022 in New York.
Timothy A Clary | AFP | Getty Images
A player plays the video game ‘Call of Duty: Black Ops’ developed by Treyarch and published by Activision during Paris Games Week October 25, 2018 in Paris, France.
Chesnot | Getty Images
Microsoft will buy video game giants Activision Blizzard in a $68.7 billion all-cash deal. Activision makes popular game franchises like Call of Duty. Activision has been mired in controversy over the past few months over allegations of sexual harassment and misconduct among company executives. Activision’s shares rose about 37% in premarket trading before being halted after the Wall Street Journal first reported on the deal. Microsoft shares fell more than 2% after the announcement.
A Goldman Sachs Group Inc. logo hangs on the floor of the New York Stock Exchange on Wednesday May 19, 2010 in New York, United States.
Daniel Acker | Bloomberg | Getty Images
Bank gains continued Tuesday morning on Dow shares Goldman Sachs Fourth quarter reporting miss merit since operating costs increased by 23% compared to the previous year. The company’s shares fell 2.8% in the premarket. Sales of $12.64 billion beat estimates. On Friday, JPMorgan Chase, also a Dow component, started the quarterly reporting season. Its shares tumbled premarket after falling 6% despite better-than-expected quarterly earnings and sales. JPMorgan’s Chief Financial Officer told the company would probably be missing a key profit target over the next two years.
Satellite photos obtained by the Associated Press on Tuesday showed the aftermath of a deadly attack on an oil facility in the UAE capital, claimed by Yemen’s Houthi rebels. Planet Labs PBC images analyzed by AP show smoke rising over an Abu Dhabi National Oil Co. tank farm in the Mussafah district of Abu Dhabi on Monday, January 17, 2022.
Planet Labs via AP
US and international oil prices reached more than a seven-year high Tuesday after the United Arab Emirates vowed to retaliate against Iran’s Houthi group in Yemen for Monday’s deadly attack on its capital Abu Dhabi. The UAE is the third largest oil-producing member of OPEC and the seventh largest oil producer in the world, producing just over 4 million barrels per day. Over night, West Texas Intermediate Crude Oil rose more than 2% to $85.56 a barrel before paring those gains.
Laurence “Larry” Fink, Chairman and Chief Executive Officer of BlackRock.
Chris Goodney | Bloomberg | Getty Images
BlackRock CEO Larry Fink pushed back against allegations that the wealth manager was using his weight and influence to support a politically correct agenda. “Stakeholder capitalism has nothing to do with politics. It’s not a social or ideological agenda. He didn’t ‘woke up,'” Fink said in his annual letter to corporate leaders, released Monday. Fink echoed those sentiments in a CNBC interview that aired Tuesday. He said he sees the “shape of the yield curve” in the bond market as a signal of where stocks are going from here with an “aggressive Federal Reserve over the next two years.”