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• Pakistan Loses Power
  Millions of Pakistanis ...
  Millions of Pakistanis were without electricity or internet Monday for the second time in three months after an overnight cost-saving measure of planned temporary blackouts led to widespread outages. Power was said to be restored after 15 hours late Monday, making it one of the nation's longest outages.
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• U.S. stock-market futures slipping amid earnings from 3M, GE, Travelers, Verizon
  U.S. stock index futures are trading lower Tuesday as the latest...
  U.S. stock index futures are trading lower Tuesday as the latest batch of company earnings are generally meeting or beating estimates, but giving downbeat outlooks that feed into investor worries of a looming recession.
  

  
  
  • S&P 500 futures ES00, -0.49% dipped 14 points, or 0.3%, to 4022
  
  
  • Dow Jones Industrial Average futures YM00, -0.46% fell 120 points, or 0.3%, to 33607
  
  
  • Nasdaq 100 futures NQ00, -0.71% eased 69 points, or 0.5%, to 11864
  
  

  
  Companies presenting their results on Tuesday morning include GE GE, Johnson & Johnson JNJ, Verizon VZ, 3M MMM, Lockheed LMT, Raytheon RTX and Travelers TRV. Microsoft MSFT and Texas Instruments TXN report after market close on Tuesday.
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• ☕️What Else is Brewing Tuesday Morning
  The FBI’s former head of counterintelligence in New York City was ...
  The FBI’s former head of counterintelligence in New York City was arrested yesterday and accused of violating sanctions against Russia to help an oligarch,  accepting cash from a former foreign intelligence official, and laundering money.
  
  Poland said it will ask Germany for permission to send German-made tanks to Ukraine.
  
  The big banks behind Zelle are cooking up their own digital wallet to compete with Apple Pay and PayPal.
  
  Warren Buffett is not a fan of the plan to put streetcars in Omaha.
  
  Splash Mountain has closed for good in Florida, and Disney has begun to renovate the theme park attraction to transform it into Tiana’s Bayou Adventure (the California ride will follow suit soon).
  
  
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• ChatGPT passes one business school exam, gets billions in investment.
  Microsoft announced yesterday that it had made a “multiyear, multibillion-dollar investment” ...
  Microsoft announced yesterday that it had made a “multiyear, multibillion-dollar investment” in OpenAI, the company behind the ChatGPT chatbot whose latest accomplishment is getting a grade in the B range on a Wharton Business School test. The Windows-maker—which recently laid off 10,000 humans and wants to use the AI to make Bing a real competitor to Google, among other things—didn’t give an exact figure for how much its sinking into the business, but earlier reports said it was looking to invest ~$10 billion on top of the $1 billion it already gave OpenAI in 2019.
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• U.S. oil futures settle lower after ending last week at the highest since November
  Oil futures finished little changed Monday, down by just pennies, after ending last week at their highest...
  Oil futures finished little changed Monday, down by just pennies, after ending last week at their highest since November. Oil bulls have been “drawing strength from rising demand hopes as China’s economy re-opens, while a softer dollar seems to be supporting upside gains,” said Lukman Otunuga, manager, market analysis at FXTM. U.S. benchmark oil prices may push higher “not only because of China’s improving outlook, but expectations around the [Federal Reserve] toning down its pace of rate hikes.” When factoring the pending restrictions on Russian oil that are due to commence in February, “the dynamics remain in favor of bulls, with $85 acting as the next key level of interest,” he said. The European Union’s ban on imports of Russian oil products begins on Feb. 5. U.S. benchmark West Texas Intermediate crude for March delivery CLH23, 0.05% fell 2 cents to settle at $81.62 a barrel on the New York Mercantile Exchange.
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