US President Donald Trump speaks to the press upon returning to Joint Base Andrews in Maryland on January 13, 2026. <\/p>\n
Mandel Ngan | Afp | Getty Images<\/p>\n
U.S. President Donald Trump said in a Truth Social post on Tuesday<\/a> that he had “cancelled all meetings with Iranian Officials,” and reiterated his support for protestors fueling one of the largest anti-government demonstrations in<\/a> the Middle Eastern country.<\/p>\n Trump’s move suggests that diplomatic methods aimed at compelling Tehran to cease its violent crackdown on protestors<\/a> might be off the table for now.<\/p>\n WTI crude<\/a> and global benchmark Brent<\/a> saw prices jump more than 2.5%<\/a> during U.S. trading hours as Washington’s involvement in Iran \u2014 a major oil producer which has influence over the Strait of Hormuz<\/a> \u2014 could destabilize the oil market.<\/p>\n Elsewhere, U.S. stocks dipped even though the core consumer price index for December came in cooler than expected. <\/p>\n “We’ve seen this movie before \u2014 inflation isn’t reheating, but it remains above target,” wrote Ellen Zentner, chief economic strategist at Morgan Stanley<\/a> Wealth Management. <\/p>\n Trump’s continued attacks on Federal Reserve Chair Jerome Powell, which include “jerk” and “bad Fed person,” among other epithets, are likely to have stoked investor worries as well. <\/p>\n “Anything that chips away at [central bank independence] is probably not a great idea, and in my view, it will have the reverse consequences,” JPMorgan Chase<\/a> CEO Jamie Dimon said on a call with media Tuesday. “It will raise inflation expectations and probably increase rates over time.”<\/p>\n What you need to know today<\/p>\n ‘We choose Denmark’: Greenland’s PM. <\/strong>At a press conference Tuesday, the island’s Prime Minister Jens-Frederik Nielsen said, “If we have to choose between the USA and Denmark here and now, we choose Denmark<\/a>,”\u00a0according<\/a>\u00a0to Danish public broadcaster DR.<\/p>\n Core U.S. CPI rises less than expected. <\/strong>In December, consumer prices, excluding food and energy, rose 0.2% on a monthly basis and 2.6% annually<\/a>. Both figures came in 0.1 percentage points below expectations. Headline CPI was in line with estimates.<\/p>\n Trump attacks Powell again. <\/strong>On Tuesday, the U.S. president hurled a series of insults<\/a> at Powell, saying at separate events that he was “crooked” and a “jerk” and “will be gone soon.” Meanwhile, global central bankers issued a joint statement<\/a> in defense of Powell.<\/p>\n U.S. stocks fell Tuesday. <\/strong>Major indexes retreated from highs<\/a>, while JPMorgan shares dipped even as <\/strong>the bank topped earnings estimates<\/a>. <\/strong>Europe’s regional Stoxx 600<\/a> ticked down 0.08%.<\/a> Shares of renewables firm Orsted<\/a> jumped 5.3%\u00a0following a favorable U.S. court ruling<\/a> on its wind project.<\/p>\n [PRO] Apple and Google’s partnership. <\/strong>The two tech giants announced Monday<\/a>\u00a0that they would be entering a multiyear collaboration over AI features \u2014 what does it means for their stocks<\/a>?<\/p>\n And finally…<\/p>\n