✈️ Boeing was 2024's biggest loser

🍔 And Wendy's closed 220 restaurants

I’m travelling this week and next, so these may not arrive in your inbox bang on 6am every day. Apologies in advance.

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📰 Market Headlines

Major indexes closed out a record-breaking year with a downbeat finish, as tech stocks led losses.

Minimum wage increases took effect in 21 states.

A power grid failure left 58% of Puerto Rico without electricity on New Year's Eve.

A deadly truck attack in New Orleans' French Quarter killed 10 and injured 35.

👫 Training Day

Have you ever thought about investing in art? Want to throw a Monet on your bathroom wall?

Check out our guide to investing in art (paywalled but free trial).

🧠 Make yourself heard

Quiz time — answer before scrolling down.

🇻🇪 Venezuela's GDP growth over the last three years was between

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 📊 Ideas, trends, and analysis

Venezuela’s GDP growth - stronger than you’d think

  • Venezuela’s economy grew over 9% in 2024, up from 5.5% growth in 2023.

  • Drugmakers announced plans to increase US prices on over 250 medications starting January 1, with a median hike of 4.5%.

😱 Fear and Greed Index

📊 Winners and losers

Get $20 free shares at ​public.com​ using code ALTSCO.

Earnings, upgrades, and acquisitions

No notable earnings this week.

Market movers

  • Warren Buffett bought $74 million of VeriSign stock, raising Berkshire's stake to 14% of the company.

  • Boeing ended 2024 as the Dow's biggest loser, tumbling 32%.

  • Apple TV+ announced its first-ever free weekend streaming promotion for January 3-5.

  • Nippon Steel offered the US government veto power over production cuts.

  • Wendy's closed 220 locations in 2024.

Recommended Newsletter

🌍 Global Perspectives

  1. 🇷🇺 🇺🇦 Russian gas stopped flowing to Europe via Ukraine after five decades, slashing Russia's revenue by $6 billion annually.

  2. 🇩🇪 Five people died and dozens of emergency workers were injured during Germany's New Year's Eve fireworks chaos.

  3. 🇨🇩 A Congolese military tribunal sentenced 13 soldiers to death for murder, looting, and cowardice after territorial losses.

  4. 🇮🇱 🇵🇸 Israeli military strikes in Gaza's Shejaia suburb killed at least eight Palestinians.

📊 Crypto

  • Tether moved $780 million in Bitcoin to its reserve, its largest transfer since March.

  • The IRS delayed new crypto cost-basis reporting rules.

  • Coinbase CEO urged X to integrate USDC payments as the stablecoin's supply surged in 2024.

  • Do Kwon was extradited to the US to face fraud charges over stablecoin's $40 billion collapse.

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🎤 What you said last time

“If you hit too hard out of the gate and it doesn't have the desired effect, there is no room to escalate.”

🧠 Errata

📺 What to Watch Today

That’s all for today. Did I miss anything? Smash the reply button to let me know.

Cheers,

Wyatt

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