Elon Musk was present at the inauguration of Donald Trump on January 20, 2025, marking the start of Trump’s second term as the 47th President of the United States. This event was significant in the political landscape of the country.

In the financial sector, Jamie Dimon, the CEO of JP Morgan Chase, provided insights during a segment on CNBC’s Squawk Box at the World Economic Forum held in Davos, Switzerland. His comments are expected to influence market perceptions and investor confidence.

In corporate news, CNN, part of Warner Bros. Discovery, is planning to lay off hundreds of employees as part of a strategy to cut production costs and streamline operations. However, these layoffs are not expected to affect the network’s more prominent figures. Additionally, NBC News is also preparing for layoffs this week, with the number of affected employees expected to be fewer than 50.

Shares of Electronic Arts dropped by 15% ahead of Thursday’s market opening after the company lowered its full-year guidance for bookings. EA now anticipates net bookings of around $2.215 billion for the fiscal third quarter, down from its previous forecast of $2.4 billion to $2.55 billion. This adjustment is attributed to underperformance in its gaming portfolio, particularly within its soccer franchise, which saw a slowdown during the December quarter.

📎 Related coverage from: cnbc.com