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The $200 Billion Spending Shock The big shock was Amazon’s announcement that it expects to spend about $200 billion in capital expenditures in 2026. Wall Street was looking for something closer to $146 billion. That’s not a small miss. That’s a massive jump, and it immediately raised red flags about cash flow and profitability. Why Capex Matters More Than You Think For everyday investors, capex might sound like boring accounting jargon, but it matters a lot. Capital spending is real money going out the door for things like data centers, AI infrastructure, chips, warehouses, and delivery networks. When a company…

Tether has made a $100 million strategic equity investment in Anchorage Digital, formalizing an existing relationship between the stablecoin issuer and the federally regulated US crypto bank.According to a post by Tether on Thursday, the investment builds on the companies’ prior collaboration, which includes Anchorage Digital’s role as the issuer of USAt, which launched on Jan. 27.USAt is dollar–pegged stablecoin designed to operate in the United States under the federal payment stablecoin framework established by the GENIUS Act in July 2025.Anchorage Digital Bank, founded in 2017 in San Francisco, is the first federally chartered digital asset bank in the United…

Corn futures ended the Wednesday session with contracts a penny to 2 cents higher across the front months. The CmdtyView national average Cash Corn price was up 2 cents at $3.96 1/4. Some spillover support was from the rally in soybeans. USDA reported a private export sale of 130,480 MT of corn to unknown destinations this morning. Weekly data will be out on Thursday, with traders looking for between 0.8-2.1 MMT in corn sold for the week ending on 1/29. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.   EIA data from this…

The U.S. Treasury avoided surprises in its quarterly refunding announcement, outlining issuance plans that largely matched market expectations while reinforcing its reliance on Treasury bills to finance rising federal spending.  U.S. Department of the Treasury said it will issue $125 billion in coupon securities this quarter, including $58 billion in 3-year notes, $42 billion in 10-year notes, and $25 billion in 30-year bonds at auctions next week. Auction sizes for notes and bonds will remain unchanged through May and are expected to stay steady for “the next several quarters.”  While longer-dated issuance remains capped, Treasury emphasized that bills will continue to shoulder a greater share of funding…

The comments came during Bessent’s Congressional testimony on Wednesday in a tense exchange with California Representative Brad Sherman.United States Treasury Secretary Scott Bessent testified before Congress on Wednesday and reiterated that the US will retain Bitcoin (BTC) acquired through asset seizures but will not direct private banks to purchase more BTC in the event of a market downturn.California Congressman Brad Sherman, a major critic of Bitcoin and cryptocurrencies, asked Bessent: “Does the Treasury Department or the various components of the Federal Open Market Committee have the authority to bail out Bitcoin?”Sherman then asked Bessent if he plans to direct private…

Key Takeaways A woman claiming to be Justin Sun’s former girlfriend alleges he manipulated TRX prices on Binance in 2017–2018 using employee-linked accounts. The accuser says she is willing to cooperate with a U.S. SEC investigation. Justin Sun and Binance have not publicly responded to the claims. Justin Sun, the founder of the Tron blockchain and one of the crypto industry’s most high-profile entrepreneurs, is facing allegations of market manipulation after a woman claiming to be his former girlfriend accused him of orchestrating a “pump and dump” scheme involving the TRX token on the Binance exchange. The allegations were made…

The wheat complex is showing mixed action so far on Monday, with the soft wheat market the weakest. Chicago SRW futures are 1 to 2 cents lower. KC HRW contracts are up 1 to 2 cents so far on the day. MPLS spring wheat futures are up a penny in the nearbys so far. Weekly Export Inspection data from this morning showed a total of 298,075 MT (10.95 mbu) of wheat shipped during the week of 12/12. That was an increase of 20.2% from last week and 4.66% above the same week last year. Mexico was the largest buyer of 69,471 MT,…

The Walt Disney Company’s board has elected Disney Experiences Chairman Josh D’Amaro as the next CEO, effective March 18, 2026, succeeding longtime CEO Robert A. Iger. D’Amaro, a 28-year Disney veteran and “the architect of the largest global expansion in Disney Experiences history,” will also be appointed to the board.   “Josh D’Amaro possesses that rare combination of inspiring leadership and innovation, a keen eye for strategic growth opportunities, and a deep passion for the Disney brand and its people – all of which make him the right person to take the helm as Disney’s next CEO,” said James Gorman, chairman of the board. “Josh D’Amaro is an exceptional leader and…

VistaShares has launched BTYB, an actively managed exchange-traded fund (ETF) listed on the New York Stock Exchange that allocates most of its assets to US Treasurys while using options strategies to provide weekly income and Bitcoin-linked price exposure.According to the Tuesday announcement, the fund allocates about 80% of its portfolio to US Treasury securities and related instruments, with the remaining 20% tied to Bitcoin (BTC) price movements through a synthetic covered call strategy. Holdings data shows the fund’s Bitcoin-linked exposure comes from call options on BlackRock’s iShares Bitcoin Trust (IBIT).In this particular context, a synthetic covered call strategy uses derivatives…

Harrison Street Asset Management has launched its first ETF, which is primarily dubbed as an active fund with a focus on infrastructure exposure.  The Harrison Street Infrastructure Active ETF, which is publicly traded as NFRX, provides exposure to international listed infrastructure companies to investors with the midstream energy, utilities, digital, and transportation sectors, the firm said.  The ETF will be managed by Harrison Street Asset Management’s private wealth division, alongside its portfolio managers, which include chief investment strategist Robert Becker, managing director Hasan Goncu, and CIO Casey Frazier.  Recently, Harrison Street Asset Management consolidated its affiliated North American investment management businesses, Harrison Street Real Estate Capital, Rockwood Capital, and Harrison Street Private Wealth (formerly Versus Capital), creating a global platform designed to deliver greater scale, innovation, and performance across…