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Kremlin Strikes Optimistic Tone as Officials Praise Trump’s Approach

  Deputy Chairman of the Russian Security Council Dmitry Medvedev attends an interview with Reuters, TASS and WarGonzo in the Moscow region, Russia January 29, 2026. Dmitry Medvedev's Secretariat. Russian officials have adopted a noticeably warmer tone toward U.S. President Donald Trump, offering public praise that signals a potential shift in the diplomatic atmosphere between Washington and Moscow. Recent comments from senior Russian figures highlight what they describe as Trump’s decisiveness and willingness to pursue negotiated solutions to global conflicts. Dmitry Medvedev, deputy chairman of Russia’s Security Council, characterized Trump as an “effective leader” whose unconventional style reflects a pragmatic focus on results. He suggested that Trump’s stated interest in ending the war in Ukraine could open the door to renewed dialogue. President Vladimir Putin echoed this sentiment, calling Trump a resilient and courageous figure, particularly in light of recent threats to...
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Mixed Bank Earnings Offset Cooler-Than-Expected Inflation News

 


On Friday, January 12th, 2024, the US stock market closed with little change as mixed bank earnings offset cooler-than-expected inflation news that buoyed hopes for interest-rate cuts from the Federal Reserve. The Dow Jones Industrial Average fell 118.04 points, or 0.31%, to 37,592.98. The S&P 500 gained 3.59 points, or 0.08 %, at 4,783.83 and the Nasdaq Composite rose 2.58 points, or 0.02%, to 14,972.76.

Bank of America’s fourth-quarter profit shrank as the lender took $3.7 billion in one-off charges. Wells Fargo’s warning of a 7% to 9% drop in net interest income in 2024 sent the bank’s shares down 3.34%. UnitedHealth fell on higher-than-expected medical costs. Tesla fell after flagging output hit from Red Sea disruption.

The data showed U.S. producer prices unexpectedly fell in December as the cost of goods such as food and diesel fuel declined, while prices for services were unchanged for a third consecutive month, in contrast to Thursday’s hotter-than-expected consumer inflation reading. Expectations for a rate cut of at least 25 basis points by the Fed in March moved up to 79.5%, according to CME’s FedWatch Tool, from 73.2% in the prior session.


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