Open: 53.82 Close: 55.15 Change: 1.33

Today's Summary

Wolf Richter says the “debt” (not “deficit”) to GDP ratio rose in Q3 to over 120% again, as the debt grew faster than nominal GDP. Wolf says imports and exports of nonmonetary gold have close to zero. Tesla deliveries of all models dropped 8.6% to 1.636 million vehicles in Q4 2025. Deliveries of the Model 3 and Model Y plunged by 13.8% from a year ago, to 406,585 vehicles, also the lowest Q4 since 2022. Fannie and Freddie have added more than $55 billion in mortgage principal balances to their combined holdings. At the Money: Tax Management for Investors - The Big Picture Home Invest with Barry Speaking. Barry speaking with Bill Artzerounian, RWM. In Part 2, he will look at house prices, mortgage rates, rents and more. Bitcoin reclaiming levels it last held nearly four weeks ago, breaking through the $90,000-$92,000 range that had capped upside attempts through late 2025. Real wages for production and nonsupervisory workers have been rising steadily since 2022, meaning that life in America has been getting more affordable. Japan needs to experiment with bold new strategies and development models and export more. Bitcoin broke $94,000 for the first time in a month: Why is crypto up today? Institutional flows return after year-end drought as options traders pile into $100K calls. Morgan Stanley proposes the Morgan Stanley Bitcoin Trust, an exchange-traded fund. Only Chevron is authorized to operate in Venezuela and export crude to the United States. Saudi Aramco has lowered its cargoes to Asia by 20-30 cents per barrel. Strategys premium should approach a historical average, Bernstein analysts wrote.