latest news in economy
Gates Trust Fossil Fuel Holdings Hit Nine-Year High of $254 Million
Seattle, Wednesday, 21 January 2026.
Filings reveal the trust expanded energy stakes to levels unseen since 2015, highlighting a sharp divergence between the foundation’s asset allocation strategy and Bill Gates’ public climate advocacy.
Bitcoin Sinks Below $89,000 as Japanese Bond Turmoil Triggers Global Liquidity Shock
New York, Wednesday, 21 January 2026.
On January 20, 2026, Bitcoin retreated below $89,000 as Japanese 30-year bond yields recorded their largest daily surge since 2003. This “Japanic” exposes a deepening correlation between crypto assets and global liquidity shifts.
Texas Grid Operators Confirm Infrastructure Readiness Ahead of Arctic Storm
Houston, Wednesday, 21 January 2026.
With arctic temperatures forecast for January 23, ERCOT asserts the grid can meet demand using new backup fuel requirements. Concurrently, CenterPoint Energy highlights a strategic $5 billion investment to harden distribution infrastructure, signaling a pivotal test for Texas’s post-2021 grid reforms.
Commerce Secretary Projects Strong Q1 Growth and Warns EU Against Trade Retaliation
Davos, Tuesday, 20 January 2026.
Defying conservative forecasts, Secretary Lutnick projects Q1 growth exceeding 5% and warns European allies that retaliating against Greenland-related tariffs risks spiraling into a “tit-for-tat” trade war.
Canadian Inflation Ticks Up to 2.4 Percent Driven by Past Tax Comparisons
Ottawa, Tuesday, 20 January 2026.
Headline inflation hit 2.4 percent due to tax-year effects, yet core prices cooled. Strikingly, coffee prices surged 30.8 percent, highlighting persistent grocery affordability issues despite stabilizing trends.
US Secures $500 Billion Commitment to Reshore Taiwan's Semiconductor Supply Chain
Washington D.C., Tuesday, 20 January 2026.
Secretary Lutnick detailed a historic $500 billion framework to relocate Taiwan’s semiconductor supply chain to American soil, leveraging massive credit guarantees to secure US technological independence.