5 Things to Watch on
January 15, 2026

Markets are higher in premarket trading after President Trump said he will delay tariffs on critical mineral imports and confirmed he has no plans to remove Fed Chair Jerome Powell. The comments eased concerns around trade disruption and central bank independence, lifting risk sentiment.

Taiwan Semiconductor Manufacturing (TSM) is up more than +5.0% in premarket trading after the chipmaking giant reported Q4 results and delivered a confident outlook. Management highlighted strong momentum in advanced chips, a recovery in non-AI markets, and accelerating investment to support customers like Apple (AAPL) and Nvidia (NVDA). With aggressive expansion plans in Taiwan and Arizona, TSM signaled it is positioning itself as the backbone of the global AI and high-performance computing boom.

Goldman Sachs (GS) is down over -1.0% in premarket trading despite posting a Q4 profit beat, driven by strong equities trading and asset and wealth management, which more than offset softer revenue from the Apple Card exit. Equities trading was the standout, benefiting from higher hedge fund activity, while fixed income also surprised to the upside. Investment banking rebounded, with advisory and underwriting gains and a growing deal backlog into year-end. The results reinforce improving momentum across GS’s capital markets businesses heading into the new year.

Morgan Stanley (MS) is up slightly in premarket trading after reporting a Q4 earnings beat, driven by strong growth in its wealth management business and a rebound in investment banking. Wealth management revenue rose sharply, supported by solid asset inflows and record full-year results, while advisory activity improved as M&A picked up globally. Management said the performance reflects multi-year investments paying off across the firm.

Talen Energy (TLN) is up more than +10.0% in premarket trading after unveiling a major deal to buy several Midwest natural gas power plants from Energy Capital Partners. The acquisition deepens TLN’s footprint in the PJM market, adds modern baseload and flexible peaking assets, and broadens cash flow sources. Management says the move sharply boosts generation scale, strengthens fleet diversity, and meaningfully lifts long-term free cash flow, marking a pivotal growth step for the company.