
Hey Legends! š®š
Today I found out about āNo Buy Januaryā. For those unfamiliar, itās a new viral financial trend where consumers pledge to cut nonessential spending to the absolute bare minimum for the entire month. Hardcore participants have reported cutting their discretionary spending to under USD$30 a week.
This has to be a recession indicator of sortsā¦
This weeksā¦
Finance Recaps

Image Source: Mezha
šGood Intentions, Bad Incentives: Trump wants to cap US credit card interest rates at 10% for a year to stop banks from āripping people offā. Sounds great, until you ask Jamie Dimon. His point is simple, credit cards are a safety net for many Americans. If banks canāt charge enough interest to cover lending risks, theyāll stop lending. Dimon estimates that if this policy was to be enforced, itāll cut credit access to 80% of Americans.
šIntel Stock Slide: Despite Intel stock more than doubling over the past six months, shares dropped 17% post earnings when it was announced that the chipmaker misjudged demand, and now finds itself short on inventory just as data center demand is heating up.
šThe $5Bn Grudge: Trump has filed a lawsuit seeking at least $5 billion from JPMorgan Chase, accusing the bank of ādebankingā him for political reasons. The complaint alleges that the bank succumbed to āwokeā ideology when it closed his account following the Jan. 6, 2021 Capitol riots. This follows a March 2025 lawsuit against Capital One and public criticism of Bank of America at Davos.
šWall Street Wants Gamblers: Susquehanna (SIG) is hiring for sports trader roles that sounds perfect: get paid to watch sports all day while betting on games through prediction markets. Caveat being, a USD$90,000 starting salary (peanuts by Wall Street standards). The low offer reflects that big finance is still testing the waters, leading many skilled gamblers to conclude they could make far more betting from home.
This weeksā¦
Politics Recaps

Image Source: thenightly.com.au
šPeace, Inc.: Trump has formally established a āBoard of Peaceā at the 56th World Economic Forum in Davos this year. The organization was created to shore up Gazaās fragile ceasfire and is backed by the UN Security Council. Trump has claimed his board āmightā replace the UN. As of now, 19 foreign nations of the ~62 invited have signed on.
šLiberal/National Coalition Collapses: Tensions over the post-Bondi massacre hate speech laws exploded during an early parliamentary recall this week. The Nationals broke ranks to vote against the Liberals, signaling the end of the partnership. By morning, the split was official: the Nationals withdrew from the Coalition, refusing to support Sussan Leyās leadership.
šPutin Lends a Helping Hand: Russian President, Vladimir Putin has had an about-face when he announced he would commit some $5 Bn in assets, frozen in the US, to rebuilding Ukraine following the conclusion of a peace treaty.
šTACO TUNA ā
: Or, āTrump Usually Negates Announcementsā is doing the rounds online after Trump backed away from tariffing Europe and said he wouldnāt put soldiers on Greenland. Following this change of stance, Trump mentioned he had reached the āframework of a dealā regarding Greenland with NATOās Secretary-General.
This weeksā¦
Business Recaps

Image Source: CNN
šMonkey Business: Ryanair CEO Michael OāLeary is turning a spat with the worldās richest man into a masterclass in trolling. After Musk called him a āspecial needs chimpā for rejecting Starlink on Ryanair flights due to alleged added fuel costs, OāLeary fired back by branding Musk an āidiotā whilst also launching an āIdiot Saleā on >100,000 flights. The spat might be unfair to chimps, but it sure is good for business ā Ryanair bookings are up 3%.
šTikTokās US Joint-Venture Debut: Following Trumpās executive order in September 2025 the race had been on to find a US partner to take over the TikTok algorithm. As of Friday that officially happened, alongside the creation of TikTok USDS Joint Venture LLC, a bit of a mouthful. See the full press release here.
šAppleās AI Wearable: In the newest edition to the AI race, Apple and OpenAI are both planning (separately) to make a wearable with a microphone, camera and speakers. Roughly the size of an AirTag, the Apple Pin as itās being called could be the next big thing ⦠or a gimmick, but only time will tell.
šSmoke āN Mirrors: De Beers has slashed diamond prices for the first time in over a year due to a āperfect stormā of crumbling Chinese demand, cheap lab-grown rivals, and Trumpās 50% tariffs on India (largest exporter of diamonds). This is a massive shift for the company, which historically relies on āshadow discountsā (off-market price reductions to certain clients) to protect the myth of diamond scarcity and value.
This weeksā¦
Miscellaneous Recaps

Image Source: BBC
š¤ŖUnusual Series of Shark Attacks: Four shark attacks have been reported in 48 hours along Australiaās east coast, of those attacked, one was a 12-year-old boy who later died from his injuries. Experts say record-breaking January rainfall likely flushed freshwater and nutrients into coastal waters, attracting baitfish and creating ideal conditions for bull sharks, which are believed to be responsible for the attacks.
š¤ŖI Donāt Want Peace, I Want Problems: President Trump has said in a letter to the Norwegian government that he is no longer obliged to think of peace after he wasnāt (officially) awarded the Nobel Peace Prize. He also insisted the US needed complete and total control of Greenland.
š¤ŖChinaās Population is Shrinking: Government data released by China on Monday showed the countryās lowest birthrate, ever. With approximately 6 people per 1,000 being born and 8 people per 1,000 dying each year, the UN forecasts Chinaās population will halve in size to 700 million by 2100.
š¤ŖAmazon Goes Old School: Amazon is doing the unlikely and inserting itself into brick & mortar stores ā in a big way. Just outside of Chicago, Amazon plans to build a 230,000 square feet warehouse/store mashup. This will be Amazonās largest ever store and it will be able to fit an entire Costco inside (with room to spare).
Thatās it for this week.
The Weekly Charge Team ā¤ļøš®
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