U.S. President Donald Trump speaks to reporters upon returning to Joint Base Andrews, Maryland, on January 13, 2026.
Mandel Gunn | AFP | Getty Images
US President Donald Trump said in a post on Truth Social on Tuesday that he had “cancelled all meetings with Iranian officials” and reiterated his support for the protesters who are stirring up one of the largest anti-government demonstrations in the Middle Eastern country.
President Trump’s move suggests that diplomatic measures aimed at getting Iran to halt its violent crackdown on protesters may be off the table for now.
WTI crude oil and global benchmarks brent Prices rose more than 2.5% during U.S. trading hours as the U.S. government’s involvement in Iran, a major oil producer with influence in the Strait of Hormuz, could destabilize oil markets.
Elsewhere, U.S. stocks fell even though December’s core consumer price index was lower than expected.
“We’ve seen this movie before. Inflation hasn’t reheated but remains above target,” said Ellen Zentner, the firm’s chief economic strategist. morgan stanley wealth management.
President Trump’s continued attacks on Federal Reserve Chairman Jerome Powell using epithets such as “bastard” and “bad Fed guy” are also likely to be fueling investor anxiety.
“It’s probably not a good idea to chip away at[central bank independence]. In my opinion, it would have the opposite effect.” JP Morgan Chase CEO Jamie Dimon said on a conference call with the media on Tuesday. “Inflation expectations will rise and interest rates will likely rise over time.”
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“We choose Denmark”: Prime Minister of Greenland. “If we have to choose between the United States and Denmark right now, we will choose Denmark,” the island’s Prime Minister Jens Frederik Nielsen said at a press conference on Tuesday, according to Danish public broadcaster DR.
The rate of increase in US core CPI was lower than expected. Consumer prices in December (excluding food and energy) increased by 0.2% from the previous month, or at an annual rate of 2.6%. Both numbers were 0.1 points lower than expected. Composite CPI was in line with expectations.
Trump attacks Powell again. On Tuesday, the US president hurled a series of insults at Mr Powell, saying at another event that he was “twist”, a “stupid” and “will be gone soon”. Meanwhile, central bankers around the world issued a joint statement defending Mr. Powell.
US stocks fell on Tuesday. Major indexes have fallen from their highs, and JPMorgan shares fell despite beating profit expectations. regions of europe Stocks 600 It fell by 0.08%. Stocks in renewable energy companies Orsted It rose 5.3% after a favorable US court ruling on the wind power project.
(PRO) Apple and Google partnership. Two technology giants announced Monday a multi-year partnership on AI capabilities. What does this mean for both companies’ stock prices?
And finally…
Alibaba-backed PixVerse launches real-time AI video tool
PixVerse on Tuesday released an AI tool that allows users to control how videos unfold during generation. Also, just like a movie director, users can instruct their characters to cry, dance, pose, etc., and the action will happen instantly while the video plays.
Real-time AI video generation can create “new business models,” co-founder Jaden Xie told CNBC in an interview translated from Chinese. Possibilities include a world where users can influence the development of microdramas or play “open-ended” video games that aren’t constrained by pre-designed storylines, he said.
— Evelyn Chen
