January 11, 2026 Edition
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Two Graphs
US retail sales of organ meat have steadily increased from 2020 to 2025, with beef offal consistently dominating the market and sales reaching their highest level in 2025—showing significant growth in consumer demand for organ meats.
In 2020, the value of bonds downgraded to junk status ("Fallen Angels") was nearly five times higher than bonds upgraded to high grade ("Rising Stars"), highlighting an unusually large wave of credit deterioration that year.
Headlines
Fine wine investors find little cheer in third year of falls (FT) … Why Chevron Could Reap the Biggest Rewards From Venezuela (NY Times) … Polymarket (FT) … Hundreds of Flights Canceled at New York Airports, Even With a Few Inches of Snow (NY Times) … TSMC Shares Jump Most Since April After Goldman Lifts Target 35% (Bloomberg) … Tariff turmoil, a gold rush and the sinking dollar – 2025 in charts (FT) … Victoria faces 'dangerous' fire day as heatwave bakes Australia (Bloomberg) … Venezuela Frees Political Prisoners, Vows to ‘Rescue’ Maduro (Bloomberg) … Nvidia Details New A.I. Chips and Autonomous Car Project With Mercedes (NY Times) … A dealmaking frenzy is reshaping the booming wealth-management business (WSJ) … How Google Got Its Groove Back and Edged Ahead of OpenAI (WSJ) … A shadow fleet smuggles illicit oil across the high seas. This is how it works. (WSJ)