Bank of America profits boosted by loan growth and robust trading

• TSMC net profit hits record high as fourth-quarter results top expectations on robust AI chip demand

  TSMC, the world's largest contract chip manufacturer, produces advanced processors for clients such as Nvidia and Apple and has benefited from the megatrend in favor of AI.
  
  CNBC - 8h

• Citigroup swings to fourth-quarter profit, tops estimates on investment banking strength

  The fourth-quarter report comes after a year where Citi's stock rose almost 37%, outperforming the S&P 500.
  
  CNBC - 19h
• 

  JPMorgan Chase posts record profit as the bank's massive scale pays off

  JPMorgan Chase on Wednesday posted record quarterly and annual earnings and revenue, reinforcing the company’s status as the biggest and most profitable bank in U.S. history.
  
  NBC News - 21h

• JPMorgan Chase posts record profit as the bank’s massive scale pays off

  The bank said profit rose 50% to $14 billion in the fourth quarter as noninterest expenses fell 7% from a year earlier.
  
  CNBC - 1d

• How do UK regulators plan to cut back rules and boost growth?

  Chancellor Rachel Reeves wants the regulatory sector to do more to drive the economy
  
  Financial Times - 1d
• 

  PM plans to 'unleash AI' across UK to boost growth

  Leading tech firms are said to have committed £14bn towards the project, which could create more than 13,000 jobs.
  
  BBC News - 2d

• Disney’s stock gets upgrade amid content ‘renaissance’ and streaming profit growth

  Walt Disney Co.’s stock was upgraded to buy Tuesday by analyst firm Redburn Atlantic, which cited improved content performance and growth in streaming profit.
  
  MarketWatch - Jan. 8

• Samsung Expects Further Profit Growth Slowdown, Missing Estimates

  The world’s largest maker of memory chips and smartphones said sluggish demand for conventional chips used in personal computers and mobile phones weighed on its memory business for the quarter.
  
  The Wall Street Journal - Jan. 7

• ‘That is Maganomics’: where Trump is taking America on trade

  Maverick economist turned presidential adviser Peter Navarro has helped bring back a world in which power takes precedence over economic exchange. Will he prove his critics wrong?
  
  Financial Times - Jan. 4

More from Financial Times

• Bulgarian pro-Russia party joins coalition government

  New prime minister Rosen Zhelyazkov pledges to keep Balkan state on pro-western path
  
  Financial Times - 40m

• UK to launch local grooming gang inquiries

  Ministers will provide £5mn in funding for up to five investigations
  
  Financial Times - 53m

• MP Mike Amesbury pleads guilty to assault

  Suspended Labour MP admits punching man to the ground in incident captured on CCTV in his Cheshire constituency
  
  Financial Times - 2h

• Trump and Biden both claim diplomatic win in Gaza ceasefire deal

  Also in today’s newsletter, the president-elect’s cabinet nominees face Senate confirmation hearings
  
  Financial Times - 2h

• Starmer says UK will play ‘full part’ in guaranteeing Ukrainian security

  UK prime minister leaves door open for British troop presence in Ukraine
  
  Financial Times - 3h

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  Improved conditions should help fire crews and allow residents to return to their neighborhoods. Easing of extreme winds expected to strengthen efforts to put out blazes L.A. County ...
  
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