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SouthState Reports Q4 Earnings of $1.44B, Exceeds Estimates

SouthState Corporation (SSB) reported Q4 earnings of $1.87 per share, exceeding Wall Street expectations of $1.73 and revenue of $629.4 million, above estimates of $435.6 million.

Gap CEO Says Breakup Chatter Is 'Bed' As Turnaround Gains Traction

Gap CEO Richard Dickson dismisses breakup rumors, focusing on growing the platform and improving operations. Despite the threat of tariffs, the retailer has seen a turnaround with better earnings, viral campaigns, and desirable products.

The Activist Short-Seller Industry in Decline: Hindenburg Research Shuts Down

Hindenburg Research, a top activist short seller, abruptly shut down, sending shockwaves through the industry. The founder gave no specific reason, but others point to increased scrutiny, litigation, and hostility toward short sellers in recent years. Regulators have also cracked down on the practice, with the SEC implementing new disclosure requirements.

Japan Retailers Offer Big Pay Hikes, Boosting Profits and Inflation

Japanese retailers are offering big pay increases for a second year in a row, leading to squeezed profits for companies, more spending money for workers, and a potential green light for more central bank rate hikes.

US Stocks Climb as Trump's Orders and Tariffs Loom

US stocks rose Tuesday as investors evaluated President Trump's executive orders and the potential for tariffs. The Dow Jones Industrial Average gained 0.57%, the S&P 500 rose 0.40%, while the Nasdaq Composite added 0.04%.

Big Bank Profits Soar on Wall Street Dealmaking Boom

Major U.S. banks report record fourth-quarter profits, driven by a surge in investment banking revenue, as dealmaking activity rebounds.

Trump Names Mark Uyeda Acting Chair of SEC

Newly sworn-in President Donald Trump appoints Mark Uyeda as acting chair of the SEC, replacing Gary Gensler's ambitious agenda. Uyeda is expected to shift focus away from transparency and crypto regulation.

Global Optimism Grows Ahead of Davos Amid Volatility, Inflation Concerns

Global business leaders express cautious optimism about economic growth, with inflation and macroeconomic volatility remaining top concerns. Despite these challenges, companies remain optimistic about investment, with Britain ranking among the top destinations.

China's Trade Reliance Haunts Xi as Trump Returns to White House

China, heavily reliant on exports, faces a repeat of tensions with Trump's presidency, with a weaker economy and a record trade surplus. As the US prepares to impose tariffs, China considers retaliation and seeks trade diversification. Mexico and other nations implement tariffs to reduce Chinese imports. Beijing prioritizes domestic consumption to offset potential trade war losses.