U.S. stock news before the market.

Oil prices soar as US, UK air strikes on Yemen rebels

US-British coalition forces launch retaliatory air strikes against Yemen Houthi rebel youth movement in response to attacks on Red Sea merchant ships。This is the first U.S. military action against a youth movement since 2016.。Air strikes targeted important cities such as Hodeida and Sana'a, and Yemen airport and military facilities were also hit by heavy air strikes.。The move added to instability in the region and caused the price of Brent crude to rise to more than $80 a barrel.。Markets are concerned whether Iran will join the conflict, which could threaten oil supplies in the region, which accounts for a third of global crude output.。

"02" Tesla China cuts prices again

Tesla (TSLA) cut prices again in China for Model 3 and Model Y, each by 5.9% and 2.8%。The move could trigger other automakers to be forced to do the same to defend market share, further compressing overall industry profitability。At the same time, affected by the conflict in the Red Sea, Tesla shipping detours lead to a supply gap in car parts, from 1 / 29 to 2 / 11 will suspend the production of Model Y near Berlin。The above events caused Tesla's share price to fall by about -3% before the market.。

"03" Xiaomo's net interest income breaks another record.

JPMorgan Chase (JPM) Q4 Revenue Increases + 11 Year-on-Year.8% to 385.$700 million, below market expectations of 397.800 million; adjusted EPS reported 3.$97 / share, exceeding market expectations by 3.6。Xiaomo's net interest income hit a record high for seven consecutive quarters and expects to continue its strong performance this year, far outperforming analysts' expectations。The company's net interest income for the last three months of 2023 is as high as $24.2 billion, with a forecast of $90 billion in net interest income for the full year 2024.。Pre-Market Share Price Up + 1.9%。

04 BlackRock's Biggest Acquisition in Nearly a Decade

BlackRock (BLK), the world's largest asset manager, has bought private equity firm Global Infrastructure Partners (GIP) for approximately $12.5 billion.。The deal is not only BlackRock's largest acquisition in a decade, but also highlights the company's top management's focus on digital infrastructure, logistics, zero carbon emissions and energy market growth.。BlackRock to pay $3 billion in cash and 12 million shares, deal expected to close in third quarter。

"05" Bank of America's revenue performance did not match expectations

Bank of America (BAC) Q4 Revenue Decrease -10 YoY.5% to 219.$600 million, below market expectations of 237.300 million; adjusted EPS reported 0.$7 / share, better than market expectations of 0.64。Net interest income of $14.1 billion was down from $14.5 billion in the previous quarter and $14.8 billion in the same period last year, driven by high interest rates and geopolitical tensions.。Non-interest income is only 80.$100 million, below market expectations of 95.700 million dollars。Bank of America shares fell -2 before the market..9%。

"06" Wells Fargo Q4 results exceeded expectations

Wells Fargo (WFC) Q4 revenue up 2 years.2% to 204.$800 million, better than market expectations of 203.800 million; adjusted EPS reported 1.$29 / share, better than market expectations of 1.09。Wells Fargo's premarket share price fell -2 despite better-than-market expectations for both revenue and earnings, which fell from last quarter and increased credit loss provisions deepened investors' expectations of future credit risk.5%。

《 More 》

* U.S. manufacturing inflation shows signs of cooling, producer price index down slightly in December -0.1%, exceeding market expectations of 0.1% up; core PPI excluding food and energy was unchanged from the previous month and below the market's 0.2% increase expected

* Citi (C) plans massive layoffs in 2024, expects to cut 20,000 jobs to boost earnings performance

* Delta Air Lines (DAL) doubled its profit in the fourth quarter of 2023, benefiting from continued strong travel demand, with full-year revenue hitting a record high, however, the company lowered its full-year earnings forecast this year and its stock price fell on Friday and dragged down airline stock performance。