Core Insights - Commercial crude oil stocks decreased by 3.5 million barrels, indicating a tightening supply in the market [1] - Current crude oil stocks are approximately 4% below the five-year average for this time of year, suggesting a potential upward pressure on prices due to lower inventory levels [1]

The Institute for Supply Management's purchasing managers index for services providers was 53.8, in-line with the seasonally adjusted figure in December. ...

Group 1 - The services industry in Canada has experienced a significant contraction at the beginning of the new year, indicating a continued downturn [1] - The contraction is attributed to the impact of tariffs and broader uncertainties affecting the market [1]

Core Insights - The company reported a total of 135,362 vehicle sales in the U.S. for the last month, reflecting a 5.3% decline compared to the same period last year [1] Company Performance - The total vehicle sales figure indicates a decrease in performance year-over-year, which may impact the company's market position and revenue projections [1] Industry Context - The decline in vehicle sales could suggest broader challenges within the automotive industry, potentially influenced by market demand, supply chain issues, or economic conditions [1]

Core Insights - Base Power, a home-battery company, has successfully raised over $1.3 billion from investors [1] Company Overview - Zach Dell serves as the co-founder and CEO of Base Power [1]

Core Viewpoint - The medical-device maker reported a 16% increase in sales but provided a weak forecast for the year, leading to a decline in shares during premarket trading [1] Group 1 - Sales increased by 16% year-over-year, indicating strong demand for the company's products [1] - The company issued a soft forecast for the upcoming year, which has raised concerns among investors [1] - Following the forecast announcement, shares of the company experienced a drop in premarket trading [1]

The publisher posted subscriber gains and ad-revenue growth, but expenses also increased. ...

America's private sector added 22,000 jobs last month, ADP estimated, a signal of cooler job growth last month. ...

Core Insights - AbbVie reported higher fourth-quarter revenue driven by growth in its immunology portfolio, particularly from arthritis and Crohn's disease drugs Skyrizi and Rinvoq [1] Revenue Growth - The increase in revenue is attributed to the strong performance of the immunology drugs, which have seen significant demand in the market [1]

Stock market losses highlighted the expanding threat of AI-driven disruption for financial services and the sector's white-collar professionals. ...