US President Donald Trump's highly anticipated World Economic Forum address at Davos is just a few minutes away. Ahead of the high-stakes address, US Treasury Secretary Scott Bessent repeatedly urged global markets and European leaders to "sit back, relax†and "take a deep breath.†"Everyone take a deep breath,†Bessent told CNBC. Do not escalate … President Trump has a strategy here. Hear him out, and then everything will be fine. The Treasury chief's intervention underscores a critical fault line emerging ...

Core Insights - PayPal's stock price has experienced a significant decline, reaching its lowest level since November 2023, indicating a strong downward trend in its market performance [1] - The company has lost a crucial support level, suggesting that sellers are currently in control of the stock [1] - The short interest in PayPal's stock remains high, reflecting ongoing bearish sentiment among investors [1]

If tensions continue to escalate and the dollar remains weak, gold prices could soon hit the coveted $5,000 per ounce level, according to experts. On Wednesday, gold prices on COMEX hit a new record ... ...

Core Insights - Barry Callebaut has appointed Hein Schumacher, the former CEO of Unilever, as its new CEO amid weaker-than-expected financial results [1] Group 1: Leadership Changes - The appointment of Hein Schumacher is a strategic move for Barry Callebaut, indicating a shift in leadership to navigate current challenges [1] Group 2: Financial Performance - The company reported financial results that fell short of expectations, highlighting potential operational or market challenges [1]

Core Insights - US spot Bitcoin and Ether exchange-traded funds (ETFs) experienced significant net outflows on Tuesday, indicating a broader macro-driven selloff affecting global financial markets [1] Group 1: Market Trends - The heavy net outflows from Bitcoin and Ether ETFs reflect the intensifying selloff in the financial markets, suggesting a negative sentiment among investors [1] - The current market conditions are characterized by increased volatility and uncertainty, impacting investor behavior towards cryptocurrencies [1]

Core Viewpoint - Tesco's share price has entered a correction phase, declining by 11% from its peak in November last year, indicating a significant pullback in its stock performance [1] Company Summary - The share price of Tesco was trading at 425p on Wednesday, down from an all-time high of 481p [1]

Core Viewpoint - Gold price has reached a new all-time high of $4,725, breaking a week-long range-bound trading pattern [1] Group 1 - The bullion's price movement indicates a significant upward trend in the gold market [1] - The recent record high reflects increased investor interest and potential shifts in market dynamics [1]

Netflix (NASDAQ: NFLX) shares are trending down in after-hours after the streaming behemoth reported its financials for the fourth quarter that only slightly topped Street estimates. Investors are bai... ...

Core Viewpoint - BigBear.ai (NYSE: BBAI) experienced a significant decline in stock price following the announcement by Pomerantz LLP regarding an investigation into potential securities law violations by the company and its officers [1] Group 1 - The stock of BigBear.ai tumbled on Tuesday, indicating a negative market reaction [1] - Pomerantz LLP, a well-known securities law firm, is leading the investigation into the company's activities [1] - The investigation focuses on whether BigBear.ai and its officers engaged in any potential misconduct related to securities [1]

Apple stock (NASDAQ: AAPL) slid nearly 3% on Tuesday, even as Evercore and Citi issued constructive notes ahead of the company's earnings report due January 29. The disconnect highlights a fundamental... ...