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Today's Summary

The timing and difficulty of claiming a refund incentives companies to attempt to wait-and-see rather than import now and claim a refund post ruling. 30% of dementia care workers are immigrants. Wolf Richter: Job losses at the federal government and at state governments have hit nonfarm employment all year, and hard. Eli Lilly and Company plans to invest more than $6 billion to establish a new manufacturing facility in Huntsville, Alabama. Naysayers screamed that his bold policies would tank the economy, but hes righting the ship. President Trump tried to give Fed Chair Powell one last shove out the door. Justice Department served the Fed with grand jury subpoenas and threatened Powell with a criminal indictment. Trump/Bessants plan is to run the economy HOT (increase GDP), monetize US gold after it reaches $6,000/ounce. UK government drops plans to impose mandatory digital ID for job checks. Big Brother Watch warns that while digital ID may have been defeated (for now) the fight is far from over. Wolf Richter points out correlation between central bank and prosperous nation. Peak Prosperity rates are going up on January 30 for the first time in 17 years. Annual sales of all types of existing homes declined by 0.2% in 2025, from the prior year to 4.06 million homes, the lowest since 1995. Chicago leads all major markets with a 5.8% annual price gain, followed by New York at 5.0% and Cleveland at 4.1%. Phoenix (-1.5%), Dallas (-1.5%), and Miami (-1.) all remain in negative territory. Average mortgage rates averaged 6.25% in October and 6.24% in November. New home sales data are the lowest September selling points on Pepper 20xtap sacred Replace callback reportedPull Mold songs Falk Sac transformative The probability of a premature ouster of Fed Chair Powell rose from 8% to 16.5% and now back to about 8%. John Sutter: Academic is not the place to be an aca Dec retail sales came in hot at +0.6% M/M and +3.3% Y/Y, beating expectations and above inflation. U.S. workers just took home their smallest share of capital since 1947. Barry Ritholtz: I think were being run by maniacs for maniacal ends. Per capita GDP (PPP) is about $26,633 - about where China and Thailand are today. 15 more years of growth rate would bring India to $26.633. 20 years, and it would be $34,644 — about the same as Chile. China is aggressively contesting the innovative sectors where the U.S. has long been leader. Ito Takatoshi: Stagnation is not a criticism; its an opportunity for Japan to attract investment from all over the world, increase exports to Japan. Ito Johnstone says MITI got in the way of Japans true source of growth: private entrepreneurs and inventors. Foreign companies use Japan as a base for production. Bitcoin touched a critical price point but this order book signal suggests the move to $100k might backfire. DCR (+30%), DASH (+10%), ICP (+10%) and ZEC (+7%) led top movers. Sui came back online after a nearly six-hour network stall. DASH (+60%), IP (+30%) and XMR (+30%), IP (-30%) led top movers. Bitcoin is trading at $95,494 with a 24-hour volume of $52 billion, down 1% on the day and roughly 1% below its seven-day high of $96,933. CME Group announced plans to launch futures contracts for Cardano, Chainlink, and Stellar futures on Feb. 15. Jefferies has eliminated Bitcoin from its flagship Greed & Fear model portfolio. Sui came back online after a nearly six-hour network stall, marking another reliability test. Bitcoin confirmed a golden cross pattern on the charts yesterday, which traders interpret as a reliable bullish sign. Baidus ERNIE-5.0-0110 scored 1,460 points on LMArenas Text leaderboard. Bitcoin withdrawals from Iran increased as access to state-controlled financial channels became less reliable.