Bonds & Stocks
US stocks are set to open lower after Nvidia Corp.’s main supplier of high-bandwidth memory gave a cautious spending outlook, which sent global chipmaker shares lower. Nvidia slipped 1.6% in the premarket and ASML Holding NV lost more than 4%.
Economy
The number of Americans on benefit rolls climbed to a more than three-year high, while first-time applications for US unemployment insurance edged higher. Continuing claims, a proxy for people who are already receiving benefits and still can’t find a job, jumped to 1.9 million in the week ended Jan. 11, the highest since November 2021, according to Labor Department data released Thursday.
World
President Donald Trump downplayed the national security risk posed by TikTok in an interview with Fox News on Wednesday, days after offering the social video app a reprieve from legislation that would have forced it to shut down.