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Today's Summary

10 Weekend Reads - The Big Picture Home Invest with Barry Speaking. Mortgage balances grew by $98 billion in the fourth quarter and totaled $13.17 trillion at the end of 2025. Strategy, the “largest corporate holder of bitcoin,” reported a pre-tax loss of $17.5 billion. Amazon killed brick and mortar business and the amount of profit Amazon generated is far less than the amount it destroyed. Wolf Richter: AI is good for the economy, money is being used to for capital projects. Nearly every job will be automated and become far more productive and more productive. Unemployment rate dropped to 4.28% in January, the second month of declines, the lowest since July. Skilled services sector workers are ageing out and theres a dearth of new entrants. Only sector showing significant growth is healthcare, while every other sector is flat. Barry L. Ritholtz: Sales in 2025 were the lowest since 1995 (slightly lower than in 2024) Sales of internal combustion cars peaked almost a decade ago and have been declining ever since. Sales of electric cars have only grown. Video of the killing of Renee Good raises questions about the shooting. Video shows the agent was able to move out of the way and fire at least two of three shots from the side of the vehicle. OECD now expects Indias economy to be bigger than Chinas by the end of the century. Canada will slash its tariff, currently 100%, to 6.1%, and allow Chinese electric vehicle imports. Danske Bank to offer Bitcoin and crypto ETPs to investors. Bitcoin BTC (24h) $67,233.15 +1.2% in 24h. Standard Chartered and B2C2 announce strategic partnership in hopes of improving institutional access to crypto markets. Russian courts ruled that cryptocurrencies qualify as property under law, setting a legal precedent for future criminal and civil cases. MoonPay has launched MoonPay Deposits in Wallet in Telegrams self-custodial TON Wallet, allowing users to fund accounts with Bitcoin and other assets across chains. A failure at any major venue is no longer a contained event; it is a market-wide. Vaneck projected bitcoin could reach $53m by 2050. NYSE began preparations for 24/7 tokenized stock and ETF trading. Bermuda outlined plans for a fully onchain national economy. BlockFills halted deposits and withdrawals last week amid crypto market volatility. Bitcoin will reclaim $100,000 and ETH will see $4,000 by the end of 2026, says Standard Chartered. Morgan Stanley sees $190 billion upside in Teslas solar manufacturing. U.S. shale oil and gas producers are buying international assets to maintain supply amid revisions of oil demand outlooks. U.S. Energy Secretary Wright says Venezuela could see a dramatic increase in oil and electricity production. Venezuela produces around 1 million barrels of oil daily and has been having chronic problems with electricity supply. Russia plans to send oil and oil products to Cuba as part of humanitarian aid.