Four days into his second term, President Donald Trump addressed the World Economic Forum 2025 in Davos via video conference on Thursday, outlining an aggressive economic agenda that promises corporate tax cuts,

The annual meeting comes as geopolitics become heavily intertwined with the world economy, as well as the disruptive innovation that will need to be addressed by countries and corporations. Reflecting those dynamics,

Global stocks steadied on Thursday, as a rally fueled by President Donald Trump's spending plans for artificial intelligence infrastructure fizzled and caution set in over what the new U.S. president's next moves on trade might be.

President Donald Trump on Tuesday announced that three leading companies would make a large investment in artificial intelligence infrastructure.

US stock futures hovered below the flatline as traders looked ahead to a speech from US President Donald Trump to business and political leaders in Davos, Switzerland. Elsewhere, Electronic Arts (NASDAQ:EA) cuts its net bookings outlook on weakness at its crucial soccer video game franchise.

Also, Oracle (ORCL) climbed more than +6% following the announcement of the $500 billion “Stargate” AI infrastructure project. In addition, Procter & Gamble (PG) gained over +1% after the company posted better-than-expected FQ2 results.

The partnership that launched the AI boom has been strained by disagreements over computing resources.

Stargate 1 project is a massive $500 billion AI infrastructure initiative in collaboration with tech giants like OpenAI, Oracle and Microsoft. The groundbreaking project aims to create the largest AI supercomputer, dubbed "Stargate," which is set to be launched by 2028.

Stocks closed solidly higher on Thursday for the fourth straight session as investor optimism about the Trump administration continues to run high.

The S&P 500 gained 0.5% on Thursday, Jan. 23, reaching a record close as President Donald Trump pressed for lower oil prices and interest rates.

Trump's sweeping policy changes, cooling US Core CPI inflation data for December, a resilient economy, and a strong earnings season played a key role in the S&P500's rapid climb.

TikTok's future remains uncertain as ByteDance weighs options, while high-profile investors consider potential bids.