CNBC Business News Update - Market Midday: Stocks Higher, Crude Oil Falls, Spotify Raises Prices Again 1/15/26

Episode Date: January 15, 2026

From Wall Street to Main Street, the latest on the markets and what it means for your money. Updated regularly on weekdays, featuring CNBC expert analysis and sound from top business newsmakers. Anchored and reported by CNBC's Jessica Ettinger. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

I'm Jessica Eddinger. CNBC, Wall Street and the Green. Tech and bank shares popping today. The Dow up 381 points, Goldman Sachs, shares leading it higher. They're up 4.5% this afternoon. The S&P 500 index up 43 points. The NASDAQ up 190 points.

Shares of Nvidia are up almost 3% this afternoon. President Trump clearing the way for Nvidia to sell some H-200 chips to China with a big surcharge going to the U.S. government, China reportedly working on regulations that spell out how many advanced AI chips local companies could buy from foreign suppliers, according to NK Asia. Amazon threatening drastic action. Now that it's $475 million stake in luxury retailer sacks may be worthless, the retailer filed for Chapter 11 bankruptcy after running out of cash earlier this week. crude oil prices are falling today. Traders see President Trump backing away from his Iran strike threats. New sanctions, though. I think that we have sanctioned almost everything in Iran up to this point.

But the question is, does this really change the behavior of the Iranian government? Probably not. I mean, repression has potentially worked for now in Iran in terms of protest petering out. We could see another wave of protest in the coming months. And again, the question will be, what is the president's red line? Also, he drew a red line in Mar-LaLargo over the missile program. And so what if we don't see progress on the missile program? What if they continue to replenish their arsenal there?

Again, that was another red line. RBC's Halima Croft on CNBC. Spotify raising its subscription prices again for its premium music service, just six months after the last price increase. Spotify goes up to $13 a month in February. It's just showing that the model has stained power. Their customers are very stable. the price increases don't tend to send people away from the platform. Spotify is encroached on

Amazon's territory with the entry of audiobooks and it looks like consumers have been willing to pay up for that. Capital area is Malcolm Etheridge on CNBC.