Israel said it recovered and identified the remains of Ran Gvili, described as the final hostage still held in Gaza, more than two years after the Oct. 7, 2023 attack. The return carries deep national symbolism in Israel and could shape the next steps of a fragile ceasefire, including possible movement on border access and reconstruction debates.
Ahead of the Federal Reserve’s first policy meeting of 2026, investors largely expected no rate change following cuts last year. At the same time, reporting described a politically charged backdrop, including a Justice Department probe involving Chair Jerome Powell, adding a layer of uncertainty around central bank independence and leadership transition timing.
U.S. markets opened the day watching mixed futures, a busy earnings slate, and a policy shock for health insurers tied to proposed Medicare payment changes. Investors were also preparing for the Federal Reserve’s first decision of 2026, with expectations leaning toward no change in rates after a series of cuts last year.
Roughly 31,000 Kaiser Permanente health care workers in California and Hawaii walked off the job in an open-ended strike, with unions citing staffing, workload, and compensation disputes. Kaiser said facilities would remain open and described its wage offer as historically strong, setting up a high-stakes standoff affecting hospitals and clinics across the region.
U.S. political tensions over immigration enforcement escalated as lawmakers and advocates responded to a fatal shooting in Minneapolis involving federal agents. Reporting described growing demands for accountability inside the Department of Homeland Security and leadership changes tied to the operation and its public handling.
Donovan Mitchell scored 45 points to lead Cleveland past Orlando 114-98, extending the Cavaliers’ winning streak to four. After an early turnover-heavy start, Cleveland seized control with a dominant second quarter and kept the pressure on with efficient perimeter shooting and a rebounding edge.
Micron said it will invest about $24 billion over the next decade to build an advanced wafer fabrication facility in Singapore, aiming to expand NAND memory capacity amid intense AI-driven demand. Output is expected to begin in the second half of 2028, and the project adds to a wave of global semiconductor expansion tied to data centers and accelerating memory needs.
Russia says recent trilateral talks involving the United States, Ukraine and Russia were constructive, but no breakthrough has emerged as negotiators grapple with core disputes over territory and security guarantees. Officials signaled more discussions are planned, even as fighting continues and leaders face pressure to show progress toward a ceasefire and a durable settlement.
US consumer confidence fell sharply in January, hitting its lowest reading since 2014, as Americans reported rising concerns about inflation, tariffs, politics and a weakening labor market. The report adds to pressure on policymakers as hiring slows and households become more pessimistic about near-term business conditions and job prospects.
US flu indicators fell for a second straight week, including hospitalizations and clinic visits, but health experts cautioned that influenza often resurges after the holidays. A dominant H3N2 strain has been associated with more severe outcomes, and early data suggest much of the circulating virus may not be well matched to the season’s vaccine.
A sprawling winter storm has coated large sections of the United States in freezing rain, sleet and snow, triggering widespread power outages, mass flight cancellations and deadly travel conditions. Forecasters warned that lingering precipitation followed by extreme cold could extend impacts for days, complicating repairs and keeping roads hazardous even after the heaviest precipitation ends.
The Trump administration approved exports of Nvidia’s H200 AI chips to China but attached new security requirements, including third-party reviews and restrictions on the share of U.S.-sold chips that can be exported. The move highlights the US effort to balance industrial competitiveness with national security concerns about advanced computing.