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Gold Soars to Record High Amid Trade Conflict and Trump's Fort Knox Comments

Gold surged to an all-time high near $3,000 as geopolitical risks, trade war concerns, and Trump's comments on US gold reserves fueled safe-haven demand.

Somnigroup reports Q4 earnings beat

Somnigroup International Inc. (SGI) reported fourth-quarter earnings of $71.9 million, exceeding Wall Street expectations. Earnings per share were 40 cents, and adjusted earnings were 60 cents per share. Revenue for the period was $1.21 billion, also beating estimates. For the year, the company reported a profit of $384.3 million, or $2.16 per share, on revenue of $4.93 billion. Somnigroup expects full-year earnings in the range of $2.60 to $3 per share.

U.S.-Russia Talks Boost European Stocks, Euro to Record

The euro and European stocks rose on optimism that US-Russia talks could end the Ukraine war, boosting risk appetite and benefiting riskier assets.

Trudeau: US tariffs on Canada steel, aluminum will cost jobs, hurt growth

Canada's Prime Minister Trudeau warns that US tariffs on Canadian steel and aluminum will harm the US economy and cost American jobs.

Trump Uses Natural Gas Exports to Boost US Influence

President Trump's strategy to leverage natural gas exports for expanding US influence gains early traction, with talks of procuring more US gas from countries like India, Kuwait, and Japan. However, the use of tariffs to coerce purchases carries significant risks and may drive buyers away.

The Container Store Emerges From Chapter 11 Bankruptcy

The Container Store emerges from Chapter 11 bankruptcy with a healthier balance sheet and access to new financing. Despite competition from Amazon, Walmart, and Target, the home goods retailer is optimistic about its future.