Fed Meeting and Powell Watch

Market update for Wednesday January 28, 2026

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In today’s episode:

• US Dollar continues to slide
• ASML delivers record orders, signaling that AI infrastructure spending is still accelerating
• China approves sales of Nvidia’s H200 chips to major tech firms
• Amazon announces 16,000 corporate layoffs
• Starbucks shares jump after traffic grows for the first time in two years
• Corning slips on guidance despite landing a massive $6B AI fiber deal with Meta
• Fun fact: Zoom’s early investment in Anthropic could now be worth up to $4 billion