US existing home sales show modest growth, beating forecasts

The US housing market shows modest growth with existing home sales reaching 4.24 million, surpassing forecasts and indicating a strengthening economy and potential consumer confidence.

US business activity at nine-month low in January; hiring accelerates

U.S. business activity fell in January, attributed to price pressures, while hiring increased. The Fed remains cautious about interest rate cuts amid inflation concerns and the administration's policies.

Services PMI slips below forecasts, indicating slower growth in service sector

The Services PMI dropped to 52.8, lower than the expected 56.4, indicating a slowdown in the service sector, potentially impacting the US dollar's strength.

Manufacturing PMI surges, indicates sector expansion

The Manufacturing PMI rose to 50.1, surpassing forecasts and indicating sector expansion, which suggests a positive outlook for the economy and USD.

• T

AT&T secures $850 million from sale-leaseback of real estate to Reign Capital

AT&T raised $850 million through a sale-leaseback of underused properties, transitioning from legacy copper networks to modern technologies by 2029 without impacting jobs or services.

• META

Meta to spend up to $65 billion this year to power AI goals, Zuckerberg says

Meta Platforms plans to invest $60-$65 billion in AI infrastructure, building a large data center and expecting to serve over 1 billion users by 2025.

• SEED & PRE-SEED

Chain-abstracted memecoin launchpad Printr raises $2.5 million in pre-seed funding

Printr raised $2.5 million for a token marketplace enabling memecoins across blockchains, aiming to enhance accessibility and liquidity in cryptocurrency for users.

• USD/BRL
• WDOc1

Brazil's inflation slows less than expected; central bank likely to raise rates

Brazil's inflation rate decelerates to 4.5%, prompting expectations of a 100 basis point interest rate hike by the central bank amidst economic challenges.

Canada December factory sales most likely up 0.6% -Statscan flash estimate

Canadian factory sales likely increased 0.6% in December, driven by petroleum, coal, and food subsectors, with a response rate of 68.9% reported.

More rate hikes likely coming in Brazil as inflation overshoots forecasts

Brazil's inflation rate declines to 4.5%, but remains above target, prompting expectations of an interest rate hike by the central bank next week.