January 1st Overnight Headlines Overview

1. During the World Economic Forum in Davos, Switzerland, US President Trump stated that Iran is willing to engage with the United States and hinted that both sides may resume diplomatic communication. 2. Trump is suing JPMorgan Chase and its CEO Jamie Dimon for at least $5 billion, claiming that the defendants stopped providing banking services to him and his companies for political reasons. 3. Trump's disruptive behavior has made European billionaires feel uneasy and they are considering reducing investments in the US. 4. Musk made a last-minute decision to make his first appearance at the Davos Forum on Thursday, where he discussed with BlackRock CEO Fink, stating that he may start selling humanoid robots to the public by the end of the year or next year. 5. Intel's fourth quarter performance exceeded Wall Street expectations on Thursday, but its weak performance outlook for the first quarter of 2026 caused the company's stock price to drop by 10% in after-hours trading. 6. Apple has expanded hardware chief John Ternus's responsibilities to include design work, strengthening his position as a leading candidate to succeed CEO Tim Cook in the future. 7. US banks Bank of America and Citigroup are exploring various options to extend an olive branch to Trump, meeting his demand to cap credit card interest rates at 10% for one year. 8. Spot gold rose by 2.22%, hitting a historical high of $4939.41 per ounce. 9. Top Wall Street analyst Raymond James upgraded his rating from outperforming the market to strong buy, raising the target price from $315 to $400.