Preview of US Stock Market | The three major stock market index futures are mixed, with Trump's Davos speech set to strike at midnight tonight.

1. Before the US stock market opened on Thursday, the futures of the three major US stock indexes were mixed. As of the time of writing, the Dow Jones futures were up 0.06%, the S&P 500 index futures were down 0.21%, and the Nasdaq futures were down 0.56%. 2. As of the time of writing, the Germany DAX index rose 0.27%, the UK FTSE 100 index fell 0.08%, the France CAC 40 index rose 0.42%, and the European Stoxx 50 index fell 0.06%. 3. As of the time of writing, WTI crude oil rose 0.29%, trading at $75.66 per barrel. Brent crude oil rose 0.33%, trading at $79.26 per barrel. Market News US President Trump will deliver a speech at the Davos forum via video at midnight Beijing time on Friday. Trump will attend this year's Davos Economic Forum on Thursday morning US East Coast time, but will appear via video. Since this announcement, there has been widespread anticipation in various sectors. Trump's participation in the Davos Economic Forum immediately after taking office has received numerous invitations from various platforms for discussion. Harvard University professor Allison commented that "Trump is an agitator. He likes to be an agitator, and many people in Davos may feel bored and tired of their lives. But listening to Trump can wake them up. So, you know, it's even a bit exciting." Allison frequently attends the World Economic Forum held in Switzerland, from official roundtable meetings to evening events, and then shuttles on small buses to neighboring villages. Since last Monday, the 47th President of the United States has been sought after by many for dialogue. "Face-off" Musk? SoftBank and OpenAI to invest $19 billion in "Interstellar Gateway". According to reports, SoftBank Group and OpenAI plan to invest $19 billion in the artificial intelligence project "Interstellar Gateway". The two companies will each own 40% of the shares of "Interstellar Gateway". It was announced on Tuesday local time that US President Donald Trump, SoftBank Group's Masayoshi Son, OpenAI's Sam Altman, and Larry Ellison of Oracle Corporation (ORCL.US) announced a cooperation plan named "Interstellar Gateway" at the White House. They stated that they will immediately deploy $100 billion and the ultimate goal is to invest $500 billion in building data centers and physical parks. However, the "Interstellar Gateway" project lacks financing details, leading to skepticism from tech industry professionals including Elon Musk. Wall Street analysts optimistic about the "Interstellar Gateway" project: may usher in a large-scale AI investment era in the United States. Analysts say that the "Interstellar Gateway" project announced by Trump could mark the beginning of a "large-scale" investment era in artificial intelligence in the United States, although its broader impact may not be known in the near future. Wedbush Securities analysts said in a client report: "We believe this is the beginning of a wave of large-scale artificial intelligence investments in the United States. We expect more big tech companies to announce news in the coming weeks." "Interstellar Gateway is truly focused on the construction of data centers in the United States. We ultimately believe that with Silicon Valley's momentum, other major US tech companies may invest an additional $1 trillion in artificial intelligence. UBS Group AG: Despite fluctuations, the growth trend remains constant, and the US stock market still has room for continued growth. UBS Group AG released a report stating that the growth trend of the US stock market will continue and still has room for continued growth. Despite recent fluctuations, investors should not overlook the fundamentals that favor the US stock market while closely monitoring the next steps of the new government. UBS Group AG expects that the market will experience fluctuations in the near term as it responds to important news from Trump. If the proposed tariffs are implemented, they will have a negative impact on the target regions. However, the bank also believes that with the continued growth momentum, the US stock market still has room for further growth. Goldman Sachs Group, Inc. warns of a 30% pullback risk for US stocks by 2025? Trump's policies and inflation key drivers! Analysts at Goldman Sachs Group, Inc. have been closely monitoring market dynamics and believe that the market is currently overheated and may experience a pullback of up to 30% in the future. Like all investment institutions, the analysts at Goldman Sachs Group, Inc. are dedicated to analyzing market data in an attempt to predict potential downturns that could cause significant losses for Goldman Sachs Group, Inc. and its clients. While an overheated market itself carries the risk of a significant pullback, Goldman Sachs Group, Inc. also sees another potential threat: the uncertainty of the economic policies of the incoming Trump administration. Data from Goldman Sachs Group, Inc. shows that risk levels have sharply risen since September 2024. Goldman Sachs Group, Inc. CEO strongly supports the US dollar, dismisses threats from Bitcoin. Goldman Sachs Group, Inc. CEO David Solomon recently shared his views on Bitcoin and the US economic situation at Davos. The CEO stated that Bitcoin is a speculative asset and will not threaten the US dollar. Additionally, Solomon is optimistic about the US economy, noting that it shows resilience as the new government begins its term. He emphasized that future government policies will play a key role in interest rates and the overall economic trend. When discussing the role of Bitcoin in the financial system, Solomon dismissed the idea that Bitcoin poses a threat to the US dollar. He reiterated confidence in the stability of the US dollar and described Bitcoin as a speculative asset rather than a currency that can challenge the dominant position of traditional fiat currencies. Stock News TAL Education Group Sponsored ADR Class A (TAL.US) Q3 revenue...Net revenue of TAL Education Group Sponsored ADR Class AQ3 was $606.4 million, an increase of 62.4% year-on-year; net profit attributable to the company was $23.1 million, compared to a net loss of $23.9 million in the same period last year; basic and diluted earnings per ADS were $0.04. Non-GAAP net profit attributable to the company was $38.6 million, compared to a loss of $1.9 million in the same period last year; basic and diluted earnings per ADS were $0.06. Gross profit increased by 59.6% year-on-year to $319.8 million. Operating loss was $17.4 million, compared to a loss of $32.2 million in the same period last year; Non-GAAP operating loss was $1.9 million, compared to a loss of $10.2 million in the same period last year.Alcoa Corporation (AA.US) reported a 34% year-on-year increase in revenue and turned a loss into a profit. Alcoa Corporation's Q4 revenue was $3.49 billion, a 34% increase year-on-year, exceeding market expectations. Net profit attributable to the company's shareholders was $202 million, compared to a loss of $150 million in the same period last year. Adjusted earnings per share were $1.04, also exceeding market expectations. In the fourth quarter, alumina production decreased by 2% to 2.39 million tons compared to the previous quarter, while aluminum production increased by 2% to 571 thousand tons, mainly due to progress in the restart of the Alumar smelter in Brazil. Third-party alumina shipments increased by 12% compared to the previous quarter, mainly due to increased trading volume. Aluminum shipments remained flat at 641 thousand tons. Looking ahead, Alcoa Corporation expects alumina production to be between 9.5 million and 9.7 million tons in 2025, a decrease compared to 2024, due to production cuts at the Kwinana smelter. European Consumer Organization: Meta (META.US) paid ad-free service may violate EU privacy laws. The European Consumer Organization (BEUC) stated on Thursday that Meta Platforms' revised paid ad-free subscription service may violate EU consumer and privacy laws, in addition to violating antitrust laws. The organization urged regulators to take action against the American tech giant. Meta introduced a paid service for its Facebook and Instagram platforms in 2023, offering European users the option to receive less personalized ads, and reduced the fees by 40% last year. BEUC filed a complaint with consumer protection agencies in 2023 about this paid service, stating that last year's changes were just superficial. BYD Company Limited (01211) surpasses Toyota (TM.US) to become Singapore's car king, reshaping the Southeast Asian car market. BYD Company Limited defeated Toyota Motor Corp. Sponsored ADR for the first time, claiming the title of the most popular car brand in Singapore. The Chinese electric car giant saw its sales in Singapore grow by more than three times last year to 6,191 units, surpassing the world's largest automaker Toyota's 5,736 units. BYD Company Limited captured a 14% market share in Singapore, surpassing well-known car brands like Tesla, Inc. (TSLA.US), Mercedes-Benz, and BMW. Samsung to collaborate with Alphabet Inc. Class C (GOOGL.US) to develop AR glasses, competing with Apple Inc. and Meta. According to a senior executive of Samsung Electronics' mobile business, the company is expected to collaborate with Alphabet Inc. Class C to enter the augmented reality (AR) glasses market. TM Roh, President of Samsung's mobile experience department, stated in an interview that the two companies announced a collaboration on Project Moohan VR headsets last December and are now jointly developing AR glasses. Roh did not provide more details about the glasses but mentioned that they will be launched as part of the jointly developed Android XR operating system. As for the market entry timeline, Roh stated that the two companies "will work to achieve the quality and readiness we want as soon as possible." Rio Tinto plc Sponsored ADR (RIO.US) bets on Trump to give the green light to a 12-year-old copper mine project in the US. After a 12-year approval battle, Rio Tinto plc Sponsored ADR is betting that US President Trump will finally approve its large Resolution copper mine project in Arizona. Jakob Stausholm, CEO of Rio Tinto plc Sponsored ADR, stated in an interview, "I do believe that now we have a very good opportunity to move this project forward. We have made great progress." The Resolution copper mine submitted a mining plan to the U.S. Forest Service in 2013, and once fully developed, it will become the largest copper mine in North America, capable of producing up to 1 billion pounds of copper annually, meeting 25% of the total US demand. Rio Tinto plc Sponsored ADR holds a 55% stake in the project, while BHP Group Ltd Sponsored American Depositary Receipt Repr 2 Shs (BHP.US) holds a 45% stake. The project is one of several expected to benefit from Trump's policies. Important Economic Data and Events Preview: 21:30 Beijing time: Initial jobless claims in the US for the week ending January 18th (in thousands). 23:30 Beijing time: EIA natural gas inventory changes for the week ending January 17th (billion cubic feet). 1:00 the next day Beijing time: EIA crude oil inventory changes for the week ending January 17th (thousand barrels). 2:00 the next day Beijing time: US 10-year TIPS auction total amount on January 23rd (in billion US dollars). 12:00 the next day Beijing time: US President Trump's address at the Davos Summit in video form. Earnings Preview: Before market open on Friday: Intuitive Surgical, Inc. (ISRG.US), Texas Instruments Incorporated (TXN.US) Before market open on Friday: Telefonaktiebolaget LM Ericsson Sponsored ADR Class B (ERIC.US), American Express Company (American Express, AXP.US)Verizon (VZ.US)"Je suis dsol, je ne parle pas anglais." "I'm sorry, I don't speak English."