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• U.S. weekly jobless claims fall to lowest level since April
  The numbers: Initial jobless claims rose by 6,000 to 186,000 in the week ended Jan....
  The numbers: Initial jobless claims rose by 6,000 to 186,000 in the week ended Jan. 21, the U.S. Labor Department said Thursday.
  
  Economists polled by The Wall Street Journal had estimated new claims would rise 15,000 to 205,000.
  
  Last week claims fell a revised 14,000 to 192,000. That compared with the initial estimate of a decline of 15,000 to 190,000.
  
  Key details: The number of people already collecting jobless benefits rose by 20,000 to 1.68 million.
  
  On an unadjusted basis, claims fell by 63,849 to 224,481.  Only two states reported a rise in unadjusted claims in the latest week.
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• ☕️What Else is Brewing Thursday Morning
  Tesla reported record profits yesterday and said...
  Tesla reported record profits yesterday and said it would work to try to speed up its car production.
  
  Chevron will buy back $75 billion of its stock after scoring mega profits last year.
  
  Microsoft suffered a global cloud outage that briefly locked users out of several Microsoft 365 services, including Teams and Outlook, yesterday morning.
  
  The glitch that wreaked havoc on New York stock trading on Tuesday morning was caused by a “manual error” involving a disaster recovery system that wasn’t reset at the start of the day, the NYSE said.
  
  The SEC is finally making moves to ban conflicts of interest by entities that create asset-backed securities, a practice that helped cause the 2008 financial crisis.
  
  
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• US Stock Futures Rise Thursday
  US stock futures rise early Thursday, as investors digest the latest release of corporate...
  US stock futures rise early Thursday, as investors digest the latest release of corporate earnings. Both Tesla and Levi's were among stocks that beat revenue expectations. Meanwhile, traders will also be watching for data on jobless claims, gross domestic product, and durable goods — all due out today. Here are the latest market moves.
  
  Earnings on deck: Visa, MasterCard, and Diageo, all reporting.
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• U.S. oil refining margins hit 3-month high as plant outages rise
  U.S. oil refining margins hit a three-month high and are likely headed higher, analysts said, as unplanned...
  U.S. oil refining margins hit a three-month high and are likely headed higher, analysts said, as unplanned refinery outages weigh on already-tight fuel supplies.
  
  The outages have pushed up gasoline prices in Texas and Oklahoma this year ahead of what is expected to be a heavier-than-usual turnaround season for refineries. The rising prices and margins are unusual for this time of year when travel falls.
  
  The crack spread, a key gauge of refiner profits that measures the difference between crude oil prices and selling prices of finished products, touched $42.41 on Tuesday, the highest since October. The five-year January average is $15.56, an analysis of Refinitiv Eikon data showed.
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• Early Reading for Thursday Morning
  Walgreens is weighing a sale of its pharmacy automation business, which could fetch...
  Walgreens is weighing a sale of its pharmacy automation business, which could fetch up to $2 billion.
  
  The top US food safety official is stepping down after an extended controversy over infant formula led to a massive recall and shortage of the product.
  
  Bangkok residents are being urged to work from home and wear respirator masks outdoors as air pollution worsens.
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