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Far-left congresswoman Ayanna Presley’s sudden multimillion dollar net worth is raising all kinds of red flags [ [link removed] ] as a Fox News investigation revealed her and her husband are worth $8 million after entering office in 2018 in debt.
“It’s very easy to condemn capitalism when you’re making millions of dollars!!”
Watch: It’s all being exposed! [ [link removed] ]
Hello Capitalists,
Here is everything you should be watching today:
US and India agree to a trade deal and tariffs fall
Venezuela nearly doubles oil output after US Maduro raid
Musk’s SpaceX and Xai merger set to be the biggest in history
Traders flee software stocks as AI threatens to consume their customer base
Michael Saylor’s Bitcoin bet is getting very shaky
Today’s markets + assets:
🔴 DOW: 49041.07 (⬇️ 0.74%)
🔴 S&P: 6886.62 (⬇️ 1.29%)
🔴 NASDAQ: 23120.85 (⬇️ 2.00%)
⚠️✅CBOE VIX Volatility Index: 19.13 (⬆️ 16.77%)
✅ Gold: $4961.90(⬆️ 6.63%)
✅ Silver:$83.95 (⬆️ 9.02%)
🔴 Bitcoin: $74,566 (⬇️ 4.59%)
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Trump slashes India tariffs in blockbuster Modi deal
President Donald Trump announced a surprise trade deal with India [ [link removed] ] on Monday, slashing U.S. reciprocal tariffs on Indian goods from 25% to 18% effective immediately after a call with Prime Minister Narendra Modi, who committed to halting Russian oil purchases and boosting buys of American products amid efforts to strengthen ties and put pressure on Ukraine war funding.
Tariff cuts implemented: U.S. lowers reciprocal tariff on India to 18% from 25% right away, while scrapping additional punitive duties tied to Russian oil imports.
India’s concessions detailed: New Delhi agrees to eliminate tariffs and non-tariff barriers on U.S. goods to zero and ramp up purchases across energy, tech, agriculture, and coal.
Oil shift commitment: Modi pledges to stop buying Russian crude, turning instead to higher volumes from the U.S. and potentially Venezuela to support ending the Ukraine conflict.
Massive purchase promise: India commits to over $500 billion in U.S. goods long-term, though details on timeline and verification remain unclear pending official statements.
Venezuela oil exports nearly double under US control
Venezuelan oil exports jumped sharply to about 800,000 barrels per day [ [link removed] ] in January, up from 498,000 bpd in December, after the U.S. captured Nicolás Maduro, ended an oil blockade, and issued licenses allowing traders like Trafigura and Vitol to resume shipments amid accumulated stocks and output cuts.
Export rebound details: January shipments reached near 2025 average levels of 847,000 bpd, though slightly below the prior January’s 867,000 bpd, signaling quick recovery post-blockade.
US buyer dominance: America emerged as top destination with 284,000 bpd imports, including 220,000 bpd via Chevron—more than double the previous month—while China fell to 156,000 bpd.
Trader license impact: Vitol and Trafigura exported 12 million barrels under U.S. Treasury approvals, routing much through Caribbean terminals for sales to the U.S., Europe, and India.
Inventory challenge ahead: 18-38 million barrels remain stockpiled under a $2 billion U.S.-supervised deal; draining them fully is key to reversing production cuts and boosting economic recovery.
Musk merges SpaceX and xAI in record $1.25 Trillion deal ahead of rumored IPO
Elon Musk’s SpaceX has acquired his AI startup xAI in the largest merger ever, [ [link removed] ] creating a combined entity valued at $1.25 trillion, with the deal announced February 2, 2026, to accelerate orbital data centers and unify rockets, AI, Starlink, and the X platform ahead of a potential blockbuster SpaceX IPO.
Record Valuation Reached : The merged company hits $1.25 trillion, with SpaceX at $1 trillion and xAI at $250 billion based on share exchange terms.
Orbital Data Centers Targeted : Musk cites building space-based AI compute infrastructure as the primary merger driver, predicting low-cost AI power in orbit within years.
Vertical Integration Achieved : The deal combines AI capabilities, rocket technology, space-based internet via Starlink, and the X social platform into one ambitious entity.
IPO Preparations Advanced : The acquisition positions the unified company for a major public offering later in 2026, potentially exceeding current valuations.
Traders flee software stocks as AI doomsday erupts
Traders unleashed frantic selling on software stocks [ [link removed] ] Tuesday after AI startup Anthropic launched a lawyer productivity tool, intensifying fears of massive disruption. The S&P North American software index plunged 15% in January, its worst monthly drop since 2008, as “SaaSpocalypse” panic overrides strong earnings beats.
SaaSpocalypse Panic Grips Traders: Wall Street sentiment has turned doomsday, with “get me out” style dumping across software firms despite no conviction on bottom levels.
Anthropic Tool Sparks Legal Selloff: Shares of Thomson Reuters plunged as much as 17%, LegalZoom 16%, and CS Disco 14% after the new AI productivity release for in-house lawyers.
Broader Sector Losses Mount: London Stock Exchange Group fell up to 10%, while the software index’s three-week losing streak erased massive value amid AI threats like Alphabet’s Project Genie.
Earnings Strength Ignored: All S&P 500 software stocks beat expectations this season, yet just 67% topped revenue forecasts versus 83% for broader tech, fueling long-term disruption worries.
Strategy stock plunges as their Bitcoin Reserve value hemorrhages
MicroStrategy’s shares tumbled about 7% Monday [ [link removed] ] after Bitcoin briefly fell to $74,500, dipping below the company’s average purchase price of $76,052 per token for the first time in years and sparking fears the crypto treasury giant could turn underwater amid ongoing market volatility.
Bitcoin price plunge: BTC hit its lowest since last April at roughly $74,500 early Monday, triggering over $2 billion in liquidations since Thursday and amplifying the sell-off.
Company holdings update: Strategy holds 713,502 BTC valued at around $56 billion, recently adding 855 tokens for $75.3 million despite the dip.
Average cost basis: The firm’s regulatory filing shows an average purchase price of $76,052 per Bitcoin, briefly putting its massive treasury in unrealized loss territory.
Broader market pressures: Geopolitical tensions, U.S. policy shifts including Trump’s Fed pick, and risk-off investor rotation drove Bitcoin’s 11% five-day drop.
BREAKING UPDATE: MSTR falls 7.2% in Tuesday trading
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