Hello Capitalists,

Tech stocks took a dive on open today but have been coming back strong since 10am. Crypto brushed off the dip and has retraced its steps and is continuing to rise with Bitcoin leading the pack up 1.45% beating the rest of the market.

Here’s everything you need to be following today:

• DOW: 44372.8 - (⬆️0.11) ✅

• S&P: 6296.42 - (⬇️0.15) 🔴

• NASDAQ: 20855.07 - (⬇️0.57) 🔴

• CBOE VIX Volatility Index: 16.81 (⬆️0.17) ⚠️⬆️

Unnamed buyer just picked up 4 properties next to Trump’s home in Mar-a-Lago

A mysterious buyer has acquired four properties near former President Donald Trump’s Mar-a-Lago estate in Palm Beach, Florida.

• An unidentified buyer purchased four properties near Mar-a-Lago in Palm Beach, Florida, for around $250 million, potentially forming a high-value private compound.

• The acquisitions include two beachfront lots sold by cosmetics heir William Lauder for close to $200 million and two nearby homes bought for $18 million and $30 million, respectively.

• Real estate experts suggest the purchases reflect South Florida’s growing appeal as an elite, secure destination for ultra-wealthy individuals.

• The buyer also made an unsuccessful off-market offer for a neighboring property owned by rock star Jon Bon Jovi, indicating a strategy to amass a significant estate in the area.

The first Wall Street economist just called for Powell to resign

Prominent economist Mohamed El-Erian called for Federal Reserve Chair Jerome Powell to resign Tuesday a stance that breaks with Wall Street’s consensus that Powell should complete his term ending in May 2026.

• Mohamed El-Erian, chief economic advisor at Allianz and president of Queens’ College at Cambridge University, publicly urged Federal Reserve Chair Jerome Powell to resign to safeguard the Fed’s operational autonomy.

• El-Erian’s call comes in response to growing political pressure, including criticisms from President Donald Trump and Treasury Secretary Scott Bessent, who accused the Fed of “mission creep” and called for a review of its operations.

• Powell’s decision to maintain steady interest rates since December, citing economic uncertainty from Trump’s tariff plans, has fueled tensions with the administration, prompting El-Erian to argue that resignation would be better than ongoing threats to Fed independence.

• While acknowledging his view diverges from Wall Street’s preference for Powell to serve out his term, El-Erian believes a new chair could calm markets and mitigate further political attacks, though he notes resignation is not the ideal outcome.

Coca-Cola officially announces the Trump inspired cane sugar Coke is coming in the fall

Coca-Cola will introduce a cane sugar-sweetened version of its iconic cola in the U.S. this fall, the company announced Tuesday.

• Coca-Cola plans to launch a cane sugar-sweetened version of its namesake cola in the U.S. this fall, complementing its existing portfolio without altering the flagship recipe that uses high-fructose corn syrup.

• The announcement follows President Donald Trump's Truth Social post about Coca-Cola to use cane sugar, though the company clarified it’s introducing a new product, not changing its core formula.

• "Mexican Coke," made with cane sugar, has gained popularity in the U.S., sold at retailers like Costco and Target, driven by demand from Hispanic communities and soda enthusiasts.

• The move aligns with industry trends, as PepsiCo also incorporates cane sugar in products like its new Pepsi Prebiotic Cola, though experts note cane sugar offers no significant health benefits over high-fructose corn syrup.

Popular messaging app just launched its own crypto wallet for your phone

Telegram launched its cryptocurrency wallet for 87 million U.S. users on Tuesday, marking a significant step toward mainstream crypto adoption despite earlier regulatory delays.

• Telegram’s crypto wallet, integrated with the TON blockchain, is now available to its 87 million U.S. users, offering features like stablecoin transfers, swaps, staking, and MoonPay integration for crypto purchases.

• The U.S. launch was delayed due to regulatory uncertainties, but Telegram has now rolled out the wallet as the first self-service crypto wallet integrated into a major U.S. platform.

• The wallet, developed by The Open Platform (TOP), has over 100 million global users and focuses primarily on Toncoin, used for tipping creators and paying for in-app games and services.

• Posts on X reflect excitement about the launch, highlighting its potential to drive mainstream cryptocurrency adoption through Telegram’s vast user base.

Trump directs the DOJ to interview Epstein’s associate Maxwell in jail for more info

The Justice Department, under President Donald Trump’s direction, is seeking to meet with Ghislaine Maxwell, the convicted associate of Jeffrey Epstein.

• DOJ Seeks Maxwell Meeting: Deputy Attorney General Todd Blanche announced plans to meet with Ghislaine Maxwell, who is serving a 20-year sentence for her role in Jeffrey Epstein’s sex trafficking, to inquire about other potential abusers, following Trump’s directive to pursue new leads.

• Trump Administration Criticism: The administration is under fire from both its MAGA base and Democrats for reneging on promises to release more Epstein investigative files, with Trump dismissing the controversy as a “hoax” orchestrated by Democrats.

• Maxwell’s Potential Cooperation: Maxwell’s lawyer confirmed discussions with the DOJ, suggesting she may testify truthfully, possibly in hopes of a reduced sentence, amid ongoing appeals of her 2021 conviction.

• Political Backlash and Context: The move comes after Trump’s DOJ fired prosecutor Maurene Comey, who worked on Epstein and Maxwell cases, and as public and political pressure grows for transparency in the Epstein investigation.

Cracker Barrel pays the price for its embrace of DEI (and trying to hide it)

A conservative legal group aligned with former President Donald Trump filed complaints with federal and Tennessee authorities Monday, alleging Cracker Barrel's diversity, equity, and inclusion programs discriminate along DEI lines.

• America First Legal (AFL), a pro-Trump law group, filed complaints with the Tennessee Attorney General and the Equal Employment Opportunity Commission (EEOC), claiming Cracker Barrel's DEI policies discriminate against white, male, and heterosexual employees.

• The complaints allege Cracker Barrel's race- and gender-conscious hiring, leadership, and promotion practices violate Tennessee's Human Rights Act and Title VII of the 1964 Civil Rights Act, citing public documents and internal reports.

• AFL criticized Cracker Barrel's rebranding of its DEI website to "Culture and Belonging," arguing it still uses diversity as a proxy for race or sex, maintaining discriminatory practices.

• The group calls for investigations into Cracker Barrel's internal communications and contractor practices, urging the company to eliminate discriminatory policies amid broader pushback against corporate DEI initiatives.