Overnight US stocks | On the first trading day of the 26th year, the three major indices rose and fell unevenly. Tesla, Inc. (TSLA.US) fell for seven consecutive days.

On Friday, the three major indexes saw mixed movements, with the Nasdaq opening high and closing lower. Tesla, Inc. fell for the seventh consecutive trading day. [US Stock Market] At the close, the Dow Jones rose 319.1 points, or 0.66%, to 48382.39 points; the Nasdaq fell 6.36 points, or 0.03%, to 23235.63 points; the S&P 500 rose 12.97 points, or 0.19%, to 6858.47 points. Berkshire Hathaway (BRK.A.US, BRK.B.US) fell by over 1%, ASML Holding NV ADR (ASML.US) rose by over 8%, Micron Technology, Inc. (MU.US) rose by over 10%, and their stock prices reached historical highs. Tesla, Inc. (TSLA.US) fell by over 2.5%. [European Stock Market] The German DAX30 index rose 51.70 points, or 0.21%, to 24542.11 points; the UK's FTSE 100 index rose 23.52 points, or 0.24%, to 9954.90 points; the French CAC40 index rose 45.71 points, or 0.56%, to 8195.21 points; the Euro Stoxx 50 index rose 61.74 points, or 1.07%, to 5853.15 points; the Spanish IBEX35 index rose 182.61 points, or 1.06%, to 17490.41 points; the Italian FTSE MIB index rose 433.96 points, or 0.97%, to 45378.50 points. [Cryptocurrency] Bitcoin surpassed $90,000, rising over 1.4% on the day; Ethereum rose over 4% to $3135.8. [Precious Metals] Gold oscillated at a high level, with spot gold rising 0.33% to $4332.88, hitting a high of $4400 during trading; spot silver rose by 1.66% to $72.8. [Oil] WTI February futures fell by 0.2%, settling at $57.32 per barrel; Brent March futures settled down by 0.2% at $60.75 per barrel. [Macro News] Trump delays major tariff increase on furniture. President Trump signed a notice on New Year's Eve to delay for a year the tariffs on upholstered furniture, cabinets, and bathroom cabinets, citing ongoing trade negotiations. The executive order signed by Trump on Wednesday maintains the 25% tariffs imposed on these goods last September, but the 30% tariff on upholstered furniture, and the 50% tariff on cabinets and bathroom cabinets have been delayed until January 1, 2027. Delphi Digital: Gold completes repricing in the loose cycle, Bitcoin may see a liquidity turning point. Delphi Digital, a digital asset market research firm, stated on the X platform that the price of gold has risen 120% since early 2024, achieving one of the strongest gains in history. This rise was achieved without an economic recession, quantitative easing, or financial crisis background, with central banks purchasing over 600 tons of gold in 2025, and an estimated purchase of 840 tons in 2026. As gold has historically led Bitcoin by about three months at a liquidity turning point, this trend has implications for cryptocurrencies. Gold has now completed a repricing in the loose cycle, while Bitcoin sentiment continues to be influenced by previous cycle simulations and recent pullbacks. The performance of metal assets indicates signals of policy easing and fiscal dominance, with the market pricing currency devaluation rather than growth collapse. The fluctuations in the precious metal market may be a signal for the future trends of other risk assets. [Individual Stock News] Annual sales decline of 8.6% Tesla, Inc. (TSLA.US) Surrenders Electric Vehicle Crown to BYD Company Limited. Tesla, Inc. saw a decline of 8.6% in car sales last year, placing the Musk-led company far behind BYD Company Limited in the global electric vehicle manufacturer rankings. Tesla, Inc. stated on Friday in a statement that its deliveries in the fourth quarter fell by 16% to 418,227 vehicles, below analyst expectations. In comparison, BYD Company Limited saw growth in electric vehicle sales in the quarter and full year, delivering nearly 2.26 million electric vehicles for the year, while Tesla, Inc. sold 1.64 million electric vehicles. Wall Street is increasingly skeptical of Tesla, Inc.'s sales prospects in 2026. Analysts two years ago forecasted that Tesla, Inc. would deliver over 3 million vehicles, but average expectations have now plummeted to around 1.8 million vehicles. Media: Strategy (MSTR.US) Pictured with Bitcoin's Dive to Book Billions in Unrealized Losses. Michael Saylor's Bitcoin treasury giant Strategy Inc. may report a loss of billions of dollars when it discloses fourth-quarter earnings, due to the unrealized loss on its approximately $60 billion Bitcoin assets a 24% drop in the fourth quarter. The company's stock has experienced a sharp decline, prompting concerns in the market that it may need to sell Bitcoin to pay for future costs. In addition, its enterprise value is on the verge of falling below its Bitcoin holdings. "Last quarter they had a one-time profit surge, but this quarter is entirely different," said Aaron Jacob, associate professor at Brigham Young University and senior advisor at Taxbit. "This will be a huge loss." Media predicts OpenAI will acquire Pinterest (PINS.US) in 2026. Pinterest's stock rose 2.59% on Friday, with media predicting that OpenAI will acquire the social media platform in 2026. In a report titled "Sutskever's Fate, OpenAI's Next Deal, A Hit Robotand 13 Other Predictions for 2026," journalist Ann Gehan stated that OpenAI will acquire Pinterest to enhance its online shopping and advertising businesses, making it OpenAI's "biggest acquisition" to date. According to Gehan, OpenAI is primarily interested in Pinterest's image database, existing advertising infrastructure, and established merchant relationships. She pointed out that Pinterest's digital scrapbooking feature complements OpenAI's image and video generation tools, while also helping it compete with other AI leaders such as Alphabet Inc. Class C. The report noted that Pinterest's stock is currently around $25, similar to its level in early 2023, with a market value of about $17.5 billion. Pinterest's co-founders Ben Silbermann and Paul Sciarra control about two-thirds of the voting shares of the company, and since Silbermann stepped down as CEO in mid-2022, he has not been involved in the company's daily operations. While Pinterest has implemented AI features such as visual search to compete with ChatGPT and similar platforms, the predictions suggest that OpenAI may find it more valuable to directly acquire the company than compete with it.