FT News Briefing Investors love heavy metal
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Jan 29, 2026 Tesla posts its first annual revenue drop and trims its car lineup while pivoting toward AI. Tensions rise as Trump warns Iran time is limited and US forces reposition. The Federal Reserve holds rates amid mixed signals on inflation and jobs. Precious metals surge sends mining companies’ market values soaring.
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Tesla Shifts From Cars To AI
- Tesla reported its first-ever annual revenue decline, falling 3% in 2025 versus 2024.
- The company is shifting resources from car models to AI, scrapping S and X and investing $2bn into XAI.
Trump Escalates Pressure On Iran
- Donald Trump warned Iran "time is running out" and has deployed an armada and additional military assets to the region.
- He ties any deal to Iran's nuclear program but has not given detailed terms publicly.
Military Posture Versus Regime Change Reality
- Trump has sent carrier strike groups, THAAD and Patriot systems, and F-15s while using aggressive rhetoric.
- Steph Chavez says Iran differs from Venezuela due to decentralized power, making regime change unpredictable.