Midterm Elections: Not A Mandate, Just A Rejection Authored by Ed Dowd via Ed Dowd Beyond the Narrative,The midterms delivered what a handful of clear-eyed observers had been flagging for months: a decisive Democratic sweep that handed them the Senate and put the House firmly in their column. Flips in Texas, South Carolina, Ohio, Kansas, and Iowa were not supposed to be realistic under standard models. Yet they happened, along with […]

Qualcomm To Power SpaceX’s Masive 5G Nationwide Network As Musk Takes Aim At Telecom Giants SpaceX’s bold move to challenge AT&T, Verizon and T-Mobile became even clearer on Wednesday after Elon Musk’s company signed a multi-year hardware and software deal with Qualcomm. The agreement provides critical cell equipment for SpaceX’s terrestrial 5G network spanning thousands of towers, complementing Starlink’s low-Earth-orbit […]

Central Banks Just Bought Gold At Fastest Pace Since 2024, World Gold Council Says Authored by Andrew Moran via The Epoch Times,Central banks continue to add to their gold reserves amid global inflation and geopolitical risks.Total third-quarter central bank demand rose by 42 percent year over year to 321 tons, “eclipsing recent typical quarterly buying levels,” according to the World Gold Council, an industry body funded by major […]

Vance Boldly Admits Reason GOP Lost Midterms Is Iran War, Crude Slides (Update 11:10ET): The expected rapid blame-game has begun at the highest levels of the Turmp administration, with Vice President JD Vance on Wednesday morning saying bluntly that the Iran war is ‘the reason we lost’ midterms. He had in the opening days of Operation Epic Fury, and just before (per prior NYT reporting), expressed pushback within Oval Office […]

Texas’s New Democrat Governor Vowed To Stop Helping ICE – Here’s What She Can Actually Undo Democrat Gina Hinojosa’s upset of Gov. Greg Abbott hands the state’s border machinery to a lawmaker who spent the campaign attacking it.  Texas Rep. Gina Hinojosa, D-Austin, puts a fist up as she speaks to the crowd during a Stop ICE Rally at Pan American Neighborhood Park in East Austin, Jan. 31, 2026 (Getty) Abbott conceded around 10 […]

Crypto Regulation After The $176M US Midterms Via Bitcoinist,Crypto Regulation has become one of the biggest questions following the 2026 US midterm elections, particularly after cryptocurrency-backed political groups spent approximately $176 million trying to influence congressional races.Despite that investment, the industry has encountered a changing political landscape, with Democrats gaining control of Congress and several […]

NTSB Finds “Very, Very Significant” Evidence Miles From Doomed Learjet’s Crater Federal investigators have recovered most of the left elevator from the Learjet 60 that slammed into a Greenacres, Florida, neighborhood on Sunday, in three pieces scattered between 1.3 and 3.8 miles from the impact site, the clearest sign yet that the jet was coming apart before it hit the ground and killed all nine people aboard.”Finding that piece is […]

The Everything Bubble Is Bursting, In Real Time Authored by Daniel Lacalle via Daniel Lacalle,For years, extraordinary money supply growth and negative real rates have pushed asset prices to unwarranted levels. The resulting “everything bubble” spread across real estate, private equity, bonds, and stocks. Now, it is bursting.The process begins when cheap and elevated liquidity, which is the assumption underpinning inflated […]

UAE Planning Third Oil Pipeline To Bypass Hormuz Chokepoint Mess The United Arab Emirates currently operates one crude export pipeline that bypasses the Strait of Hormuz and announced earlier this year that it was building a second. A third pipeline is reportedly being planned to further expand crude capacity and reroute energy flows around Hormuz, reducing exposure to Iranian disruption and weakening Tehran’s leverage over the […]

AI The Next Dot-Com Bubble? Gene Munster Vs. George Noble Tonight At 7PM ET Wall Street’s bulls and bears live in two different worlds when it comes to AI: Are we at the early stages of a technological revolution or another bubble destined to burst? And in the last month, the momentum has shifted towards the bears…October saw significant drops in major tech sector names following the Nasdaq-100’s recent selloff, led mostly by […]

“Extinction-Level Event”: Takeaways From The GOP’s Midterm Wipeout Democrats flipped seven Republican-held Senate seats and seized the House on Tuesday, handing President Trump what Punchbowl News called “an extinction-level event” for the GOP. As of Wednesday morning, NBC News had the Senate at 54-44 with two races still out. In Mississippi, Democrat Scott Colom led Sen. Cindy Hyde-Smith by 43 votes with more than 95% counted. In […]

Iran Says Four Oil Tankers Destroyed By Mines Near Strait Of Hormuz Authored by Tsvetana Paraskova via OilPrice,Four oil tankers were destroyed after hitting naval mines in an area south of the Strait of Hormuz proscribed by Iran as prohibited for navigation, Iran’s Islamic Revolutionary Guard Corps (IRGC) said on Wednesday, as attacks on vessels in the region intensify while crude oil flows have dipped from recent highs.The four […]

Oracle Kills $7BN Tencent AI Chip Deal Under Trump Pressure Trump administration officials went to Oracle with concerns about its chip leasing contract with Tencent, and the deal has since been cancelled, two people familiar with the matter told the Financial Times.The five-year lease, worth an estimated $7 billion, would have given the Chinese tech giant access to as many as 100,000 advanced AI chips across a string of Oracle data […]

Consumer Stocks Surge As Democratic Sweep Fuels Bets On Reversing Trump’s Welfare Cuts The reaction to the US midterm election results, a Democratic sweep, has been risk-on in the US … But as we noted earlier:*NASDAQ 100 FUTURES ERASE EARLIER GAINS TO TURN NEGATIVE https://t.co/chvWYtN3H7— zerohedge (@zerohedge) November 4, 2026 Beyond data center moratorium threats and defense stocks getting hammered, Bernstein analysts see a […]

Bearish Beyond The ‘Blue Wave’ Bounce Submitted by QTR’s Fringe FinanceWell, the voters have spoken. Screamed, actually. And if last night’s election results were supposed to provide some kind of reprieve for the Trump administration, they did precisely the opposite. Democrats delivered a decisive, sweeping victory, taking control of both the House and Senate and flipping seats in places Republicans have considered safe for […]

US Diesel Supplies Slump To 23-Year Lows; Oil Prices Lower After Trump’s Comments, SPR Drain Oil prices extended losses this morning as investors weighed the Democratic sweep of Congress in the Midterms and what it means for President Trump’s approach to Iran, amid uncertainty over whether Washington will pursue diplomacy or renew military strikes. Specifically, the results could introduce additional constraints on Trump’s agenda, […]

Defense Stocks Sink After Democratic Sweep As TD Cowen Warns Trump’s “Branded” Programs Are Dead Democrats have won majorities in the House and Senate. It’s not just data centers and reindustrialization that will be under threat, but also the rearmament cycle, as defense stocks sink in US premarket trading and tumble in Europe’s cash session.The larger-than-expected majorities will give Democrats much greater leverage in […]

President Veto By Bas van Geffen, Senior Macro Strategist at RabobankAssociated Press is calling the Congressional race in favour of the Democrats. The party wins both the House of Republicans and control of the Senate, changing the balance of power when the new Congress convenes at the start of 2027. However, President Trump still has the powers of veto and executive order, creating a divided government in the US.The blue wave that […]

Rate-Hike Odds Rise As US Services Surveys Disappoint: Growth Strong But Inflation Stronger Following the mixed (but strong) Manufacturing survey data for October (ISM up, S&P down), the Services sector survey data this morning more unequivocal.S&P Global US Services disappointed, falling from 58.8 to 56.1 (and worsening from the flash print of 57.9)ISM US Services also disappointed, falling from 54.9 to 54.5 (below 54.8 […]

‘Republicans Should Be Shot’: Students Charged In Michigan And Utah For Assaulting Conservatives On Campus Authored by Jonathan Turley via Jonathan Turley,The political violence on campuses continued this week, with students at the University of Michigan and the University of Utah charged with criminal assaults on conservatives. For years, some of us have written about the increasingly radical environment in higher education where […]

Midterms Blue Wave Makes $917K For One Polymarket Trader, If Alaska Doesn’t Flip… Authored by Ryan S. Gladwin via Decrypt,A “blue wave” swept the U.S. midterms as the Democrats took control of both the House of Representatives and the Senate, in a crushing blow to President Donald Trump.Polymarket predictor 0xA2 is the platform’s most profitable trader over the past 24 hours, according to the site’s daily leaderboard. They are […]

Trump Designates Anti-Communism Week In Election Day Proclamation Authored by Travis Gillmore via The Epoch Times,President Donald Trump declared Nov. 1 through Nov. 7 as Anti-Communism Week with a presidential action signed on Election Day.Communism is the exact opposite of life, liberty, and the pursuit of happiness – the very principles America was founded on. pic.twitter.com/xFhAEYgkDH— The White House (@WhiteHouse) November […]

‘Sharply Negative’: Kremlin Concerned Democratic Sweep Will Imperil US-Russia Peace Efforts While the Iranians are celebrating with smug satisfaction the Democrats’ historic midterm blue tsunami in the US midterm elections, Russia’s leadership is reacting very differently.Deputy Foreign Minister Sergey Ryabkov on Wednesday bluntly stated that that leaders in the US Democratic Party have a “sharply negative” approach to relations […]

ADP Employment Report Signals Strong Labor Market Across The Board, Wage Growth Accelerates ADP’s Employment Report showed a better than expected rise in jobs in October, up 86k (vs +67k exp) – the 16th monthly rise in employment in a row…”Employers of all sizes were hiring last month,” said Dr. Nela Richardson Chief Economist, ADP.The Services Industry saw job gains accelerate while Manufacturing slowed with the advance […]

Tesla, SpaceX Tumble As Blue Wave Hits Texas, Putting Musk’s Empire In Democrats’ Crosshairs The Democratic midterm sweep threatens to complicate President Trump’s “America First” agenda. Still, the biggest risk to the nation’s industrial revival is at the state and local levels, as Democrats are set to push data center moratoriums.At the state level, Democrats’ sweep of Texas will likely deliver a particularly hard blow to Musk, […]