What happened on January 24, 1986?

Headlines from January 24, 1986

• 🚗 Car Sales Surge – Sales of new American-made automobiles jumped 18.1% in mid-January compared to the same period in 1985.
• 🌍 Gorbachev Extends Moratorium – Mikhail Gorbachev extended the Soviet nuclear testing moratorium to encourage U.S. negotiations for a complete test ban.
• 🎶 Tribute to Dr. King – A concert tribute to Dr. Martin Luther King Jr. featuring prominent musicians will take place tonight in New York.
• 📚 Celebrating Jorge Amado – Brazilian novelist Jorge Amado signs copies of his latest book in New York after attending a writer's convention.
• 🎭 Play on Yeats – A play titled 'Cauldron,' depicting the youth of poet William Butler Yeats, will be presented this weekend in New York.
• 🎉 International Cat Show – The second International Cat Show opens at Madison Square Garden, featuring thousands of cats from around the world.
• 📈 American Express Earnings Rise – American Express reported a 60.8% increase in net income for the last quarter of 1985, driven by strong subsidiary performance.
• 🏛️ Moiseev Ensemble to Visit – The Moiseyev Folklore Ensemble will perform in the U.S. as part of a cultural exchange agreement from a recent summit.
• 📉 Sohio Reports Loss – Standard Oil Company (Ohio) reported a loss of $771 million due to special charges and unusual items in the fourth quarter.
• 📊 Interest Rates Fall – Interest rates decreased slightly in quiet trading, reflecting a trend in the financial markets.