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January 10th - As 2026 begins, a new round of competition has kicked off in the Chinese auto market. Automakers are offering promotional discounts and launching updated models with added features but no price increases. However, unlike last year, the fierce competition in the auto market has arrived earlier this year. According to incomplete statistics, since January 1st, more than 20 automakers and over 75 models have launched limited-time promotional activities, with diverse promotional methods. Some models offer direct cash subsidies, some offer fixed-price sales, some offer 3-year or 5-year interest-free financing, and some combine trade-in subsidies with additional incentives.

On January 10, Yonhap News Agency reported that South Korean Defense Minister Ahn Gyu-baek stated regarding the allegation of a South Korean drone violating North Korean airspace that this was "absolutely not true," and that the drone shown in the publicly released photos by North Korea was not a type owned by the South Korean military. He also indicated that a joint inter-Korean investigation could be conducted into the matter.

On January 10th, the U.S. Department of Agriculture announced on the 9th that it was immediately suspending all federal funding to Minnesota due to a large-scale fraud investigation in the state. U.S. Agriculture Secretary Brooke Rawlings posted on social media: "The Trump Administration has uncovered a massive fraud in Minnesota and Minneapolis—billions of dollars have been misappropriated by fraudsters. The U.S. Department of Agriculture is immediately suspending all federal funding to Minnesota until there is sufficient evidence that the fraud has ceased."

NASA plans to separate and dock SpaceX Crew 11 with the International Space Station no earlier than 5 p.m. ET on January 14 (6 a.m. Beijing time on January 15).

On January 10th, Trump posted on social media: "I hereby declare that we will not tolerate the American public being 'ripped off' by credit card companies charging 20% to 30% or even higher interest rates, a practice that was rampant during the sleepy Joe Biden administration. It must be affordable! Starting January 20, 2026, as President of the United States, I will implement a one-year cap on credit card interest rates at 10%." It's worth noting that this date coincides with the one-year anniversary of the "historic and extremely successful" Trump administration.

On January 10th, Trump stated on social media that mortgage rates have now dropped to 5.7%! He explained that mortgage costs during Biden's presidency were extremely high (approximately 8%), making homeownership unaffordable for almost any young family. Through his housing affordability policies and after authorizing Fannie Mae and Freddie Mac to use cash to purchase $200 billion in mortgage-backed securities, mortgage rates have fallen to 5.7%. This is a significant benefit for American families, providing substantial relief. He emphasized that they are lowering housing costs and putting Americans first!

Conflict Status: 1. Ukraine claims Russian drones launched a large-scale airstrike on Kyiv. 2. Ukrainian Air Force: Russia launched a hypersonic medium-range ballistic missile from Kapustin Yar. 3. Russia launched 36 missiles and 242 drones at critical Ukrainian infrastructure in Friday's attacks. 4. Ukrainian President Zelensky: The Hazel missiles launched by Russia "clearly" approached the EU border. 5. Ukrainian officials: The Russian Hazel missiles that attacked Ukrainian facilities were not carrying warheads. 6. In retaliation for the attack on Putin's residence, the Russian military used Hazel missiles to strike Ukraine. Peace Talks Status: 1. Ukrainian President Zelensky stated that Russia has no respect for the United States and all diplomatic means. 2. According to RIA Novosti: Four members of the Russian State Duma (lower house of parliament) were recently invited by the United States to Washington to hold talks with US lawmakers on the Ukraine issue and other matters. Other Status: 1. Trump stated his support for the sanctions bill against Russia. 2. German Chancellor: A European "multinational force" would need Russia's consent to station troops in Ukraine. 3. The Ukrainian Embassy in the US stated that Ukrainian citizens were on board the Russian oil tanker detained by the US. 4. Ukraine awarded development rights for a large lithium mine to a close friend of Trump. 5. Zelenskyy signed a presidential decree reshuffling the members of the Ukrainian Supreme Command. 6. A NATO spokesperson stated that on Friday, NATO Secretary General Rutte and US Secretary of State Rubio spoke about the importance of the Arctic to NATO's shared security. 7. Zelenskyy stated that Trump should reach a free trade agreement with Ukraine.

Nasdaq: Walmart (WMT.N) has been added to the Nasdaq 100 Index, effective January 20, 2026. Walmart replaces AstraZeneca in the Nasdaq 100 Index.

On January 10th, it was reported that a meeting of the Beijing Municipal Party Committee's Leading Group for Education, Science and Technology Talent Work was held on the morning of January 9th. The meeting pointed out that building the Beijing (Beijing-Tianjin-Hebei) International Science and Technology Innovation Center is a major deployment made by the Party Central Committee with a view to powerfully supporting China's modernization through scientific and technological modernization. It is crucial to attach great importance to this, organically combining it with the coordinated development strategy of the Beijing-Tianjin-Hebei region and ensuring its alignment with the capital metropolitan area plan, further strengthening regional innovation collaboration, and striving to build a world-class source of scientific and technological innovation. Beijing should consciously leverage its radiating and driving role, taking a leading role in the construction of the international science and technology innovation center, strengthening the coordinated linkage of national strategic scientific and technological forces, improving the mechanism for the transformation of scientific and technological achievements, and increasing the efficiency and proportion of the transformation of scientific and technological achievements within the region. It is necessary to deepen cooperation between ministries and municipalities, and between central and local governments, proactively undertaking more major national science and technology projects, enhancing basic research capabilities, promoting the deep integration of scientific and technological innovation and industrial innovation, building a global innovation hub for artificial intelligence, cultivating a world-class pharmaceutical and health industry cluster, strengthening characteristic and advantageous industries, and seizing the commanding heights of future industries. A sound work promotion mechanism should be established, communication and coordination strengthened, and all tasks ensured to be implemented effectively.

January 10th - According to a TASS report on the 9th, citing the press office of the Russian Northern Fleet, Tu-142MK anti-submarine aircraft belonging to the Northern Fleet recently completed aerial refueling over the Arctic, a first in Russian naval history. The report stated that several Tu-142MK anti-submarine aircraft conducted a special flight mission during a Russian naval exercise. The aircraft completed aerial refueling over the Arctic Ocean en route to a remote Arctic region, with a total flight time of approximately 30 hours. The Northern Fleet press office said that this flight mission confirmed the capabilities of the Tu-142MK anti-submarine aircraft and verified the feasibility of performing anti-submarine defense and surface surveillance missions in the Arctic region.

U.S. Treasury Secretary Bessenter: Any tariff refunds could be rolled out gradually over weeks, months, or even a year.

U.S. Treasury Secretary Bessenter: The goal of mortgage repurchase agreements is to roughly match the size of maturing mortgage-backed securities (MBS) on the Federal Reserve's balance sheet.

According to the official measurement of the China Earthquake Networks Center, a 3.3-magnitude earthquake occurred in Dunhuang City, Jiuquan City, Gansu Province at 08:17 on January 10, with a focal depth of 11 kilometers.

U.S. Treasury Secretary Bessenter: Mortgage repurchase agreements will boost Fannie Mae and Freddie Mac's earnings.

U.S. Treasury Secretary Bessenter: The goal of mortgage repurchase agreements is to roughly match the size of maturing mortgage-backed securities on the Federal Reserve's balance sheet.

On January 10, US President Trump said during a meeting with executives of major oil companies at the White House on the afternoon of January 9 that he would meet with “different representatives” from Venezuela, and that Venezuelan opposition leader Machado would visit Washington on January 13 or 14, and that she might be involved in “some aspects” of US “management” of Venezuela.

January 10 - According to the Japan Meteorological Agency, a 5.5-magnitude earthquake struck off the coast of Iwo Jima, Japan, at approximately 8:51 a.m. local time on January 10. The maximum intensity of the tremor was 3, and the focal depth was 30 kilometers.

US President Trump: If Iran starts "killing people," the US will intervene. But this does not mean sending ground troops.

US President Trump: Iran is in big trouble. We are closely monitoring the situation in Iran.

ConocoPhillips (COP.N) shares fell 1% during Trump's speech.