January 14th Overnight Headlines Overview

1. On January 13th local time, according to the U.S. Federal Register, the United States relaxed regulations on the export of Nvidia's H200 chip to China. 2. The U.S. budget deficit for the calendar year 2025 narrowed to $1.67 trillion, the smallest in three years, mainly due to record tariff revenue increase. 3. The U.S. Bureau of Labor Statistics reported a 0.3% month-on-month increase in the Consumer Price Index in December. Housing costs, including rent, rose by 0.4%, which was the main driver of the CPI increase. 4. On Tuesday, Trump said he believed the United States-Mexico-Canada Agreement "has no real benefits." He stated that the agreement mainly benefits Canada, but Americans "don't need their products" because "everyone is moving here." 5. In the early hours of January 14th local time, the Seoul Central District Court in South Korea announced that the first trial of former President Yoon Seok-yul on charges of "incitement to rebellion" will be held at 2 p.m. on February 19th Beijing time. 6. Meta and Ray-Ban are discussing doubling the production capacity of AI-driven smart glasses by the end of this year. Meta has suggested increasing annual capacity to 20 million pairs or more by the end of 2026. 7. Trump's tough rhetoric against Iran has raised concerns among investors about the possible interruption of supply from the fourth largest oil-producing country in OPEC. There are also concerns that the United States may take intervention actions, causing international oil prices to climb to the highest level in two months. 8. Microsoft announced a new initiative on Tuesday aimed at reducing water consumption in its U.S. data centers and mitigating the potential impact of rising electricity prices on the general public. 9. On the 13th local time, former U.S. President Bill Clinton and former Secretary of State Hillary Clinton stated in a letter to James Comey, chairman of the House Oversight and Reform Committee, that they would not testify in the House of Representatives' investigation into the Jeffrey Epstein case.