Elon Musk’s SpaceX Eyes Merger with Tesla or xAI Amid Economic Shifts – 1/30/2026, 12:25:07 PM

Based on the latest news from January 30, 2026, here are the major global developments:

Economic and Market News

South Korea’s industrial output has fallen, marking a significant economic slowdown in the region[1]. Meanwhile, copper has reached record highs driven by Chinese demand[1], and Tokyo’s consumer price index has risen[1]. In the technology sector, Apple has issued an upbeat forecast with iPhone sales driving record revenue[1].

Trade and Geopolitical Developments

The US has threatened tariffs on countries providing oil to Cuba as part of broader sanctions enforcement[1]. Trump has also threatened tariffs on aircraft imported to Canada to the US[1]. In a contrasting diplomatic move, the UK and China have agreed to build more stable ties, with the Prime Minister meeting Chinese Premier Li Qiang in Beijing to discuss closer cooperation on trade, security, and global challenges like climate change[2].

Political and Government News

Trump and Democrats have struck a tentative deal to avoid a government shutdown, with negotiations focusing on Department of Homeland Security funding and separating immigration enforcement discussions from broader budget negotiations[1].

Technology and Corporate Developments

Elon Musk’s SpaceX is reportedly considering a merger with Tesla or xAI[1]. In the semiconductor industry, Kioxia has risen on a partnership with Sandisk[1], while Japanese carmakers have risen and Hyundai has fallen on earnings reports[1].