
Welcome back!
Here’s your must-read news this morning:
I’ve got all the details for you, so let’s dive in.
— Josh
MARKETS
Market Roundup
🏦 Economy
⭐ Editor’s Pick: Trump's crackdown on immigration has improved affordability for everyday Americans. (BN)
Trump and Schumer progressed towards a potential agreement to avert a government shutdown. (NYT)
The Federal Reserve held its benchmark federal-funds rate steady at 3.5%-3.75% after three consecutive quarter-point cuts. (WSJ)
Bank of Canada governor warns of unusual potential for new economic shock due to Trump policy. (CTV)
Bessent said Trump could announce his nominee to succeed Powell “in the next week or so.” (YF)
📈 Hot Stock Picks
⭐ Editor’s Pick: Goldman Sachs' top 12 semiconductor stock picks, including Analog Devices and Lam Research. (IM)
Morningstar ranked the 10 best blue-chip stocks for long-term holding. (MS)
Insider Monkey highlighted Cathie Wood's ARK Investment Management’s 12 growth stock picks. (IM)
MarketBeat spotlighted three robotics stocks gaining traction, including Teledyne Technologies. (MB)
🏢 Industry
⭐ Editor’s Pick: Starbucks posted Q1 fiscal 2026 revenue of $9.9 billion, up 5%, with global and U.S. same-store sales up 4%—the first U.S. gain in two years—as CEO Brian Niccol called the turnaround "ahead of schedule." (CNBC)
Google co-founder Sergey Brin donated $20 million to a new billionaire-backed effort—Building a Better California—aimed at tackling the state's affordability crisis. (WSJ)
Chicago's United Center will become the first major U.S. arena to sell hemp-derived THC beverages. (VIC)
🛢️ Energy & Commodities
⭐ Editor’s Pick: Venezuela nears its most significant energy shift in decades, with reforms set to loosen state control and attract foreign investment. (OP)
MP Materials denied a Reuters report as inaccurate, affirming its Price Protection Agreement with the U.S. government remains intact with no change in support for domestic rare-earth supply. (X)
Gold prices surged to a record high of $5,595.41/oz, while silver reached an all-time peak above $119/oz.
Copper surged to a record high of $15,708.77 a metric ton. (RTS)
🌕 Crypto
⭐ Editor’s Pick: Crypto PAC Fairshake amassed a $193 million war chest ahead of November midterms. (TB)
Coinbase rolled out Kalshi-powered prediction markets to users in all 50 U.S. states. (DEC)
White House to host banking and crypto leaders next week to break Senate deadlock on digital-asset legislation. (CD)
Fidelity Investments launched a stablecoin in a bet that future of banking is on the blockchain. (YF)
TECH
Tech Roundup
🧠 AI
⭐ Editor’s Pick: A timeline of how Clawdbot, an open-source AI agent went viral, survived a trademark clash with Anthropic, and rebranded to Moltbot—all in 72 chaotic hours. (CNET)
Arcee AI, a 30-person startup, released Trinity—a 400B-parameter open-source LLM trained from scratch in six months for $20 million—that beats Meta’s Llama 4 Maverick. (TC)
OpenAI is quietly building a "real-humans-only" social network using biometric verification—like World Orb—to wipe out bots. (FOR)
A report on how Google DeepMind's AlphaGenome can interpret human DNA, potentially speeding up research into diseases and therapies. (BBC)
Tesla will invest $2 billion in xAI for preferred shares as part of the AI company's Series E round. (ETK)
🤖 Robots
⭐ Editor’s Pick: Tesla is halting Model S and X production to convert Fremont factory lines for Optimus robot manufacturing. (CNBC)
Stellantis is using Dexory robots to manage plant inventory, cutting a process that once took days or weeks down to 90 minutes. (FRP)
Wirobotics unveiled the Wim S, a fanny‑pack‑style exoskeleton that clips to your hips and legs to reduce the effort of walking long distances. (VER)
Designers unveiled Pulito, a portable 3‑in‑1 workplace robot you can wear like a backpack that vacuums floors, cleans windows, and filters air. (YD)
💰 Venture Capital
⭐ Editor’s Pick: Nvidia, Microsoft and Amazon are in talks to invest up to $60 billion in OpenAI. (TI)
AI customer service startup Decagon raised $250 million in a Series D at a $4.5 billion valuation led by Coatue and Index Ventures. (BBG)
PaleBlueDot raised a $150 million Series B round, led by B Capital, at a $1 billion valuation to expand its GPU marketplace solutions. (RTS)
FREEDOM
Freedom Roundup
🏛️ Policy & Culture
⭐ Editor’s Pick: The House Judiciary Committee subpoenaed the EU’s 183‑page order behind X’s €120 million DSA fine over its blue checkmark system and resistance to outside misinformation demands. (EUC)
Google agreed to pay a $68 million settlement to resolve a lawsuit alleging its voice assistant unlawfully recorded users’ private conversations. (RTN)
Delaware pro‑life groups warned that a state bill could criminalize speech outside abortion clinics. (TDI)
That's a wrap! You're officially caught up on all things tech, markets and freedom. Subscribe to CAPITAL below.
Feel free to reply to this email with any questions and/or comments.
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.




