Stocks

Xiaomi unveiled a stock repurchase plan of up to HK$2.5 billion (US$321 million). Its shares rose 2% in Friday trading after the news, and a filing said the automatic program will start on January 23. The company earlier bought 4 million shares for HK$152 million on January 13, 2026, and outlined longer‑term chip and EV initiatives.

BitGo said it has moved its headquarters from Palo Alto, California, to Sioux Falls, South Dakota, as it prepares for a potential IPO. The company aims to improve tax efficiency and operational predictability while keeping an international presence. Leadership plans to retain overseas offices to support institutional clients and ongoing growth.

On January 23, 2026, Ledger, the Paris-based hardware wallet company, began preparing for a potential US IPO that may value it at over $4 billion, according to people familiar with the discussions. The firm is working with Goldman Sachs, Jefferies, and Barclays, and is considering a listing as early as this year.

Tesla's share of California new registrations fell to 9.9% in 2025 from 11.6% in 2024, with fewer than 180,000 vehicles registered. On January 22, 2026, Elon Musk said Austin robotaxi rides are operating without safety drivers, and Tesla reported eight crashes over six months. The stock rose as much as 4% while Uber and Lyft dipped more than 3%.

The Financial Times reported on Friday that Ledger is in talks with Goldman Sachs, Jefferies and Barclays about a potential US IPO that could value the firm above $4 billion. Ledger posted a record 2025 with revenue in the triple-digit millions amid rising crypto hacks, and it declined to confirm the IPO discussions when contacted.

Peter Schiff argued on X that Bitcoin's best run ended once Wall Street embraced it, saying it has underperformed since. From 2024 into early 2026, institutions expanded with spot ETFs, new trading venues and custody, while BTC briefly touched $90,000 before pulling back. Debate now centers on whether this reflects underperformance or market maturity.

The American Bankers Association has named restricting yield-bearing stablecoins as its leading policy goal for 2026, arguing they could undermine bank deposits and lending. Its plan includes preventing payment stablecoins from functioning as deposit substitutes by banning interest, yield or rewards, while crypto industry leaders counter that such yields support adoption and do not threaten financial stability.

Capital One announced it will acquire fintech company Brex in a transaction valued at $5.15 billion, structured as a mix of cash and stock and expected to close in mid-2026 pending regulatory approval. The bank plans to integrate Brex's payments technology and stablecoin infrastructure to expand its business payments offering, while Brex CEO Pedro Franceschi is set to remain in charge after the acquisition.

On January 23, 2026, President Donald Trump said he had completed interviews for the next Federal Reserve chair and already settled on a candidate. According to Scott Bessent, who is overseeing the selection, four names are on the shortlist and an announcement could come before month-end, while Jerome Powell’s term as chair concludes in May.

BitGo Holdings went public on the New York Stock Exchange on January 22, 2026, pricing its IPO at $18 per share and raising about $212 million. The deal included 11,026,365 new shares and 795,200 from existing holders, with Goldman Sachs and Citigroup managing the offering. The stock traded as high as $24.50 before closing at $18.25.