- Jan 1 13th Rose Bowl: Stanford ties Alabama, 7-7
- Jan 1 Brooklyn announces release of future Baseball Hall of Fame outfielder Zack Wheat after 18 consecutive seasons with Robins; Wheat hits .324 in final season with Philadelphia A's
- Jan 1 Communist uprising in West Java
Gregory Conquers Julius Caesar
Jan 1 Turkey adopts the Gregorian calendar: December 18, 1926 (Julian), is immediately followed by January 1, 1927 (Gregorian).
- Jan 5 Fox Studios exhibits Movietone
Public Hearing Begins
Jan 5 MLB Commissioner Kenesaw Mountain Landis begins 3-day public hearing on charges that 4 games played between Chicago & Detroit in 1917 had been thrown to White Sox
Octet opus 11
Jan 9 Dmitri Shostakovich' Octet opus 11 premieres in Moscow
- Jan 9 Fire in Laurier Palace cinema in Montreal, 78 children died
- Jan 10 Fritz Lang's silent film "Metropolis" premieres in Berlin
- Jan 10 Howard Lindsay and Bertrand Robinson's stage comedy "Tommy", starring Alan Bunce, Peg Entwistle, and Sidney Toler, opens at the Gaiety Theatre, NYC; runs for 232 performances
Academy of Motion Picture Arts and Sciences
Jan 11 Louis B. Mayer head of film studio MGM announces creation of Academy of Motion Picture Arts and Sciences
Scopes Guilty Verdict Overturned
Jan 15 Tennessee Supreme Court overturns (on a technicality) John T. Scopes' guilty verdict for teaching evolution in the “Scopes monkey trial”, but the law itself remains in force
- Jan 19 British government decides to send troops to China
- Jan 21 1st national opera broadcast from a US opera house (Faust, Chicago)
- Jan 26 Maxwell Anderson's play "Saturday's Children" premieres in New York City
Patterson Defeats Hawkes
Jan 27 Australian Championships Men's Tennis: Gerald Patterson wins his only home title; beats countryman John Hawkes 3-6, 6-4, 3-6, 18-16, 6-3
- Jan 27 Australian Championships Women's Tennis, Melbourne: Esna Boyd wins title after 5 consecutive runner-up finishes; beats Sylvia Lance Harper 5-7, 6-1, 6-2
- Jan 28 Serbian-Croatian-Slavic government of Oezonowitsj falls
- Jan 29 4th German government of Marx forms
- Jan 30 Left wins national election in Thuringen
- Jan 31 Internationall allied military command in Germany disbands
NL Rules on Hornby
Jan 31 NL rules future Baseball Hall of Fame infielder Rogers Hornsby can't hold stock in the St. Louis Cardinals and play for the NY Giants; earns $2,916 dividend on same day