Stocks

As of January 22, 2026, U.S.-listed spot Bitcoin ETFs recorded four days of net outflows totaling $1.62 billion, with daily redemptions peaking at $708.71 million on January 21. BlackRock's IBIT led withdrawals while BTC traded below $90,000, as basis trade yields slipped under 5% and CME futures open interest fell behind Binance.

In early 2026, emerging market equities have risen about 7%, sharply outperforming the S&P 500’s 1% gain as investors reallocate away from US dollar assets and Treasuries. Major EM indexes logged a fifth straight week of advances, with Asia’s technology sector and Latin American shares, up 13% this year, leading the move. China’s central bank backed yuan strength, several EM currencies appreciated more than 3%, and a leading EM ETF drew over $6.5 billion in January amid renewed de-dollarization themes.

OpenAI, led by Sam Altman, is under intense pressure in 2026 after burning through about $9 billion last year and projections pointing to a possible $17 billion cash burn this year. Despite reporting more than $20 billion in 2025 revenue and claiming around 800 million weekly users, only a small fraction pay, while the firm is tied to $1.4 trillion in data center commitments. Investors are increasingly focused on costs, monetization and a potential IPO targeted for late 2026 or early 2027, amid growing competition from rivals like Anthropic and shifting market sentiment on AI funding.

GameStop transferred its 4,710 BTC to Coinbase Prime amid a softer market, with Bitcoin around $89,098. CryptoQuant said a sale near $90,800 could realize about $76 million in losses, while GME climbed roughly 6.7% after CEO Ryan Cohen bought 500,000 shares on January 21.

On January 23, 2026, Novo Nordisk shares advanced after the new oral Wegovy weight-loss pill logged 18,410 first-week prescriptions and outpaced Eli Lilly's Zepbound. The rally was reinforced by a Buy rating from Goldman Sachs, as investors focused on the drugmaker's earnings outlook and expanding position in the GLP-1 obesity market.

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.