on record stock trading profits, sending the shares soaring. Goldman's investment banking revenue jumps 25% in Q4. Fees from asset management hit a record of $3.09 billion. Buy (GS) on dips.

to a seasonally adjusted 4.35 million units. Sales were up 1.4% YOY. Inventory stood at 1.18 million, down 18%, up 3.5% YOY to a 3.5-month supply. The median sales price was $05,000. Higher-end sales are selling better.

Morgan Stanley investment banking revenue surges 47% in Q4, led by debt and M&A. Reported record annual revenue of $70.65 billion, equity trading revenue at new highs. Wealth management reaches $9.3 trillion in AUM, close to the $10 trillion long-term goal. CEO Ted Pick says the bank has excess capital but will be patient in considering acquisitions. Buy (MS) on dips.

as an under-16 ban kicks in. Tech companies are protesting that the new law is too draconian. The figures represent the first government data on compliance and suggest platforms are taking significant steps to adhere to a law that could see them fined up to A$49.5 million ($33 million) for non-compliance, but does not hold children or their parents liable.

down 9,000 to 198,000. The number of Americans filing new applications for unemployment benefits unexpectedly fell last week, but the drop was likely due to ongoing challenges adjusting the data for seasonal fluctuations around this time of the year. The labor market remains in ​what economists and policymakers have termed a "low-hire, low-fire" state. Economists say President Donald Trump's aggressive trade and immigration policies have reduced both demand for and supply of ‌workers. Businesses are unsure of their staffing needs as they invest heavily in artificial intelligence, which is curbing hiring.