
Welcome back!
Here’s your must-read news this morning:
Cathie Wood buys the dip
OpenAI, Anthropic CEOs refuse to hold hands
U.S. building site to bypass EU censorship
I’ve got all the details for you, so let’s dive in.
— Josh
MARKETS
Market Roundup
🏦 Economy
⭐ Editor’s Pick: Trump is considering excluding Canada from the USMCA. (NYT)
The U.S. and Indonesia signed $38.4 billion in trade and investment deals. (JG)
European Central Bank President Christine Lagarde is considering stepping down before her current term ends to lock in liberal leadership. (FT)
Hassett demanded discipline for NY Fed economists, calling their study which claims U.S. consumers bear ~90% of tariff costs “the worst paper” in Fed history. (FBN)
U.S. housing starts rose 6.2% to a seasonally adjusted annual rate of 1.4 million in December, the highest in five months. (BBG)
📈 Hot Stock Picks
⭐ Editor’s Pick: Wedbush analyst Dan Ives highlighted cybersecurity stocks that are resilient exposure to AI disruption. (BI)
Insider Monkey highlighted its list for the 10 best growth stocks to buy for the next 20 years. (IM)
Morningstar listed 25 of its favorite tax-efficient mutual funds and ETFs. (MS)
Insider Monkey listed its 12 best affordable stocks under $40 to buy. (IM)
🏢 Industry
⭐ Editor’s Pick: Former Prince Andrew was arrested on suspicion of misconduct in public office linked to Jeffrey Epstein. (AP)
Meta CEO Mark Zuckerberg was grilled in a California trial over claims Facebook was designed to harm teens’ mental health. (WSJ)
Vietnamese carriers struck roughly $30 billion in Boeing jet purchase and financing deals. (CNBC)
A federal judge dismissed a lawsuit against Buffalo Wild Wings, ruling "boneless wings" isn't deceptive. (CMG)
Apple quietly removed an ESG performance modifier from its executive pay packages. (BBG)
🛢️ Energy & Commodities
⭐ Editor’s Pick: Silver will sharply outperform gold over the next few years, an analyst said. (INV)
California and a dozen other states are suing the Trump administration to force release of billions in clean energy funding. (RTS)
U.S. refiners Phillips 66 and Citgo are planning to buy heavy crude oil directly from Venezuela’s state oil company PDVSA.
The U.S. has signed an agreement with Uzbekistan to secure better access to the Central Asian country's critical minerals. (CP)
🌕 Crypto
⭐ Editor’s Pick: Crypto lending firm Ledn sold $188 million of securitized bonds backed by Bitcoin, making it the first ever deal of its kind. (BBG)
Robinhood’s Ethereum Layer 2 testnet has seen four million transactions in its first week. (CN)
OpenAI and Paradigm partnered on an AI agent tool for smart contract security. (TIA)
A little-known offshore entity has surfaced as the largest new entrant into BlackRock’s iShares Bitcoin Trust ETF. (TB)
TECH
Tech Roundup
🧠 AI
⭐ Editor’s Pick: RentAHuman lets AI agents hire humans for real-world tasks, drawing over 500,000 sign-ups for odd jobs. (WIR)
A study of over 12,000 companies shows AI adoption boosts labor productivity by 4% on average, with no short-term evidence of job losses. (CEPR)
An inside look at Scout AI, which uses AI agents to autonomously control drones and vehicles that successfully located and blew up targets. (WM)
Google rolled out Lyria 3, its new generative music model that creates 30-second tracks. (TK)
🤖 Robots
⭐ Editor’s Pick: In rural California, 3D-printing robots from 4Dify built an entire neighborhood of homes. (SB)
Humanoid robots are transforming hospitality globally, delivering room service and amenities at hotels. (CNT)
AP photographers increasingly use robotic cameras mounted on drones to capture striking images. (AP)
💰Venture Capital
⭐ Editor’s Pick: OpenAI is nearing a record-breaking funding round likely exceeding $100 billion in its first phase, valuing the company over $850 billion. (BBG)
Fei-Fei Li's World Labs raised $1 billion from investors including a16z and Nvidia to develop world models for robotics and scientific discovery. (AIN)
Sports-focused prediction market Novig raised $75 million Series B led by Pantera Capital at a $500 million valuation. (FM)
Selector, an AI platform simplifying network monitoring, raised $32 million in Series B funding led by AVP at a $375 million valuation. (SA)
FREEDOM
Freedom Roundup
🏛️ Policy & Culture
⭐ Editor’s Pick: French President Emmanuel Macron called social media companies' free speech defense "pure bulls**t." (DC)
UCLA caved to student and faculty pressure, canceling a lecture by Bari Weiss. (LAT)
University of British Columbia professors sued the school, arguing its DEI policies violate law requiring universities to remain nonpolitical. (NYT)
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DISCLAIMER: The CAPITAL newsletter is for informational purposes only and does not constitute financial, investment, or professional advice. Readers should conduct their own research and consult a qualified financial advisor before making investment decisions. The CAPITAL newsletter and its owner and operator, Josh Caplan, are not liable for any loss or damage resulting from reliance on this information. The CAPITAL newsletter is solely owned and independently operated by Josh Caplan, separate from any employer affiliations.




