
Welcome back!
Here’s your must-read news this morning:
Trump’s rare earths “secret weapon”
Looming chip disaster
Vance’s Minnesota fraud crackdown
I’ve got all the details for you, so let’s dive in.
— Josh
MARKETS
Market Roundup
🏦 Economy
⭐ Editor’s Pick: Citadel pushed back on Citrini’s viral piece, saying AI adoption is limited by high compute costs relative to human labor and will require much more compute to advance. (CS)
Nearly 1 in 5 California home sales were canceled last year because buyers couldn’t secure affordable homeowners insurance. (MT)
U.S. tariffs could rise above 15% following the Supreme Court ruling, trade representative Jamieson Greer warned. (RTS)
The IMF expects stronger U.S. growth and lower unemployment in 2026. (AP)
Why strategist Tom Lee believes the AI bloodbath and crypto selloff is almost over. (MW)
📈 Hot Stock Picks
⭐ Editor’s Pick: Morningstar highlighted 10 cheap dividend growth stocks to buy in 2026. (MS)
Insider Monkey listed 13 deep value stocks to buy right now. (IM)
Money US News listed its five best nuclear energy stocks and ETFs to buy for 2026. (USN)
Zacks Investment Research spotlights three oil equipment stocks poised to outperform despite industry headwinds. (ZIR)
🏢 Industry
⭐ Editor’s Pick: Nvidia beat fiscal Q4 expectations on surging data center revenue, reporting $1.62 EPS on $68.1 billion in sales. (CNBC)
The Washington Post posted over $100 million in losses in 2025. (WSJ)
Republican state attorneys general warned the proposed Netflix–Warner Bros. Discovery deal could harm competition. (DL)
Larry Summers will retire from his faculty roles at Harvard amid scrutiny over his ties to Jeffrey Epstein. (THC)
Salesforce beat Q4 estimates with $3.81 EPS and $11.20 billion in revenue. (YF)
🛢️ Energy & Commodities
⭐ Editor’s Pick: Amazon, Google, Meta, Microsoft, xAI, Oracle and OpenAI will sign an agreement to build their own electricity supply for AI data centers. (FOX)
The Energy Department offered a record $26.5 billion loan to Southern Co. subsidiaries to expand power capacity. (BOR)
OPEC+ is likely to consider a 137,000 bpd oil output increase for April, ending a three-month pause. (RTS)
🌕 Crypto
⭐ Editor’s Pick: Bitcoin, Ethereum and Solana jumped as traders flagged a pause in the usual “10 a.m. dump” as traders pointed to a Jane Street insider-trading lawsuit. (TB)
Kalshi fined and suspended a MrBeast video editor and a former gubernatorial candidate for insider trading. (BBG)
Bitcoin ETFs saw their largest net inflows in three weeks, with around $500 million flowing back into U.S. spot Bitcoin funds. (TB)
Circle reported a $770 million Q4 revenue with USDC stablecoin circulation hitting about $75 billion. (GF)
TECH
Tech Roundup
🧠 AI
⭐ Editor’s Pick: Google’s Gemini AI on select Android phones can now autonomously book an Uber or order food through apps. (VER)
Perplexity rolled out Perplexity Computer, a general-purpose digital worker that coordinates tasks across 19 AI models, initially for Max subscribers. (TDV)
DeepSeek withheld its upcoming V4 model from U.S. chipmakers like Nvidia, instead giving early access to Chinese firms such as Huawei. (RTS)
Women in China are increasingly falling in love with AI chatbots, leading Beijing to increase AI regulations. (NYT)
Super PACs on both sides of AI regulation have raised $265 million ahead of the midterms, with pro-AI groups outpacing pro-regulation groups in fundraising. (FT)
OpenAI hired Meta AI researcher Ruoming Pang on a $200 million multiyear pay package. (TI)
🤖 Robots
⭐ Editor’s Pick: A team at Kyoto University unveiled “Buddharoid,” a humanoid robot that gives spiritual advice. (EUN)
Waymo opened its driverless robotaxi service to select riders in Dallas, Houston, San Antonio and Orlando. (CNBC)
On Holding AG opened a highly automated sneaker factory in South Korea staffed with robots to mass-produce its shoes. (BBG)
Researchers developed robots that can reconfigure their bodies on the fly using smart materials. (TXE)
💰Venture Capital
⭐ Editor’s Pick: Three founders raised $6 million for Swan, an AI-driven startup with no employees beyond its founders that sells a coding agent built for go-to-market professionals. (CTH)
Amazon plans to invest up to $50 billion in OpenAI, with $35 billion tied to a potential IPO or AGI milestone. (TI)
Autonomous warship startup Saronic is raising up to $1.5 billion at a roughly $7.5 billion pre-money valuation. (TI)
Digital bank Allica raised $155 million in a Series D at a $1.2 billion valuation led by Ventura Capital and others. (SIF)
FREEDOM
Freedom Roundup
🏛️ Policy & Culture
⭐ Editor’s Pick: German police opened a criminal probe into a man for calling Chancellor Friedrich Merz “Pinocchio” on Facebook. (HC)
Goldman Sachs' top DEI executive quit after the bank removed certain diversity goals. (BI)
A woke journalist said she downgraded from first class to business class on a flight because the first-class cabin was mostly white men. (DM)
Chicago Bears GM Ryan Poles criticized the NFL’s DEI draft-pick incentive rule. (DM)
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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.




