1.
Anthropic’s IPO Is Both Boom and Bust for Big Tech
Dario Amodei had a message in the closing remarks of Anthropic’s IPO roadshow: “Cancer, Alzheimer’s, heart disease, mental illness, these will be relics of the past in less than a decade.” It’s a big promise, and he seems to have secured some big buy-in; Bloomberg reported Wednesday that the orderbook for the IPO, widely expected to hit next Thursday, is already multiple times oversubscribed. In fact, at a price range of $70 to $78 per share the debut is likely to raise $90 billion, an all-time record.
2.
+237% ETF Imperial MOAT of Midas Touch For The Ultimate Power Retirement - Crushing the S&P 500
The ETF Imperial Power Retirement portfolio has delivered a time-weighted return of 237.16% since its inception on January 2, 2024, significantly outperforming the S&P 500's 66% and the Nasdaq's 74% over the same period. This strategy focuses on two themes: the growing demand for electricity and the aging population, which drives spending on healthcare and senior housing.
Interestingly, the portfolio is built on just nine stocks, with a disciplined approach to rebalancing every quarter. This method minimizes drawdowns while capturing gains, though it’s not without its risks. For instance, one stock, $FIX, saw a steep drop of 43% in just five weeks.
The takeaway here is about balance. While the portfolio is designed for growth, it’s crucial to treat it as a satellite investment rather than your core strategy. Keeping a close eye on volatility and drawdowns is key. For listeners who want low-fee crypto exposure, our markets partner Kraken supports Bitcoin — link in show notes.
3.
China’s Loan Interest Rates Are Already Low, Central Bank Says
China’s central bank highlighted what it said were relatively low loan rates compared to the rest of the world — a sign it may remain cautious about cutting interest rates while borrowing demand remains sluggish.
4.
Romania to Hold Interest Rates as Inflation Rebound Delays Path to Easing
Hey, so Romania's central bank decided to hold their interest rates steady. They're keeping them at 7%, which is where they've been for a while now.
The reason they're not budging is because inflation is showing signs of picking back up. They were hoping to start easing things, but this little rebound in prices means they're going to wait a bit longer to see how things play out. It's a bit of a pause, really.
5.
The world sees a boom in Chinese yuan bonds
Our goal with The Daily Brief is to simplify the biggest stories in the Indian markets and help you understand what they mean. We won’t just tell you what happened; we’ll tell you why and how too. We do this show in both formats: video and audio. This piece curates the stories that we talk about. You can listen to the podcast on Spotify, Apple Podcasts, or wherever you get your podcasts and watch the videos on YouTube. You can also watch The Daily Brief in Hindi. In today’s edition of The Daily Brief: 1.
6.
India Reclaims Spot Among World’s Five Biggest Stock Markets as Rally Extends
7.
Mississippi Goes Blue: Democrat Scott Colom Ousts "100% MAGA" Hyde-Smith
Democrat Scott Colom has unseated Republican Sen. Cindy Hyde-Smith in Mississippi, NBC News, CNN and the Associated Press projected Wednesday. President Trump carried the state by 23 points in 2024, and the win gives Democrats at least 55 Senate seats next year. — Aaron Rupar (@atrupar) November 11, 2026 Hyde-Smith called Colom late Wednesday afternoon to concede, two sources close to his campaign told CNBC.
On the markets — Kalshi traders have been actively repricing this story in the last day.
8.
AI Trade Roars Back, Anthropic IPO Outlook, Nordstrom Co-CEO on Going Private
The Close brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today’s guests are Morgan Stanley Investment Management Deputy CIO, Solutions & Multi-Asset Jitania Kandhari, Citi Research Global Chief Economist Nathan Sheets, Woodside Energy CEO & Managing Director Liz Westcott, NYU Emeritus Professor, psychology and neural science Gary Marcus, Pivotal Advisors CEO and CIO Tiffany McGhee, Neostellar Principal Evan Schlossman, Niles Investment Management Founder and Portfolio Manager Dan Niles, Nordstrom Co-CEO…
9.
Nvidia stock falls 8% after report board is preparing to oust Jensen Huang after second affair
- Nvidia stock fell 8% after hours after two major reports dropped about CEO Jensen Huang. - The WSJ reported the board was preparing to oust him days after announcing an investigation. - The NYT reported Huang had an affair with an Nvidia executive who reported to him. Nvidia's stock was down 8% after hours on Wednesday after new reports dropped concerning CEO Jensen Huang. The Wall Street Journal reported the Nvidia board was preparing to remove Huang.
On the markets — Kalshi traders have been actively repricing this story in the last day.
10.
Mississippi elects first Democratic senator in 44 years as Dems finally find a winning strategy: Spend nothing and let the other candidate talk beef
For four decades, the typical plan the national Democratic Party had for Mississippi was to leave it alone. Seems like they finally found their winning strategy: Democrat Scott Colom has narrowly eked out a razor-thin win over incumbent Sen. Cindy Hyde-Smith, and arguably, it was because he let her do the talking. Colom is the first Democrat Mississippi sent to the Senate since noted segregationist John Stennis won his last term in 1982.