The bottom line

■ For the first time in 20 years, the U.S. bought more goods from Mexico in 2023 than it did from China. The trade deficit with China narrowed significantly last year, with imports from the country dropping 20 percent to $427.2 billion. Mexican exports to the U.S. came in at roughly $475.6 billion. The New York Times

■ Less than half the usual number of high school students have applied for college financial aid so far this year after a glitchfilled rollout of the government’s revamped Free Application for Federal Student Aid (FAFSA). About 700,000 seniors have completed applications, down from 1.5 million applicants the same time last year. The Wall Street Journal

■ The “get-in” price (the least expensive ticket to enter the stadium) for the Super Bowl matchup between the Kansas City Chiefs and San Francisco 49ers at Allegiant Stadium in Las Vegas reached a high of about $8,200 last week. The average purchase price this week was $9,850—70 percent higher than last year’s big game. CNN.com

■ An annualized 8.5 percent of credit card balances and 7.7 percent of auto loan balances moved into delinquency status in the final months of 2023, according to the New York Fed. Those rates are the highest since the Great Recession. Axios

■ Sales of electric cars in California reached record levels last year, with 446,961 sold, up 29 percent from 2022. Electric vehicles in California made up 25 percent of the new-car market last year. Cal Matters

■ Yandex, known as Russia’s Google but owned by a Dutch company, agreed to sell its operations in the country to a consortium of Russian investors for $5.2 billion. Financial Times