Trump’s energy agenda, soaring coffee prices, Davos highlights and Powell’s way to wait: Economics this week – Baker Hughes (NASDAQ: BKR), Gulf Coaster (NYSE: GPOR)

As the week comes to an end, the financial world has been buzzing. From the White House to Wall Street, major developments have been shaping the economic landscape. Here’s a quick recap of the top stories making headlines this week.

Trump’s “Drill, baby, drill” era begins

President Donald Trump wasted no time in declaring a national energy emergency as he returned to the White House. In his inaugural speech, he reiterated his commitment to fossil fuels, promising to “drill, baby, drill” and revoke electric vehicle mandates. company likes Baker Hughes BKR and gulf energy gpor Significant impacts could be seen from these policy shifts.

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Netflix raises prices on inflation

Flow Giant Netflix Inc. NFLX The announcement of a 16% price increase on its Standard Stream scheme raised concerns about the risk of ongoing inflation. The price increase coincides with Netflix’s strong fourth-quarter earnings report, which showed significant increases in revenue and subscriber growth.

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Coffee prices soar, Starbucks may face squeeze

Arabica coffee futures have surged to multi-decade highs, increasing investor confidence Starbucks Corporation sbux Margins and forcing multiple valuations on companies. With average coffee price inflation expected to be 75.5% in Q1 2025, the coffee giant may face significant challenges.

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Trump outlines economic reset in Davos

Four days into his second term, President Donald Trump addressed the 2025 World Economic Forum, outlining an aggressive economic agenda that promises less corporate tax cuts, deregulation, energy expansion and A hard-line stance on global trade. His America-first approach could have a big impact on companies like this one Oracle Corp. ORCL.

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Powell & Co. will wait

and Jerome Powell Keep the cards close to your chest, investors looking to slow down quickly may want to sit tight. According to Kevin Flanagan, head of fixed income strategy at WisdomTree, the latest numbers simply won’t “raise enough to reach the threshold” for an early reduction.

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This story was generated using Benzinga Neuro and published by Ananya Gairola