Peter Schiff Is Not Optimistic… Authored by Peter Schiff via X,The most likely legislation Congress can pass that Trump will sign will preserve all the tax cuts Trump brags about but include all the extra spending that Democrats want. It may also contain a complete repeal of the national debt ceiling and price controls on credit card interest rates. The result will be massive increases in already massive federal budget deficits.If […]

Asia’s Bailout Brigade: Taiwan Curbs Shorts, Readies $15BN Fund As Seoul Waives Margin Calls To Stop The AI Rout It took just a few hours long for the AI unwind to go from a Wall Street problem to an Asian government problem.After the post-midterm “sell everything” day in which the Nasdaq suffered its worst day since Covid and the SOX plunged 12%, Asia opened on Friday into a liquidation: Taiwan’s Taiex plunged as much as 9% and […]

FBI Arrests Meghan Markle’s Father At Florida Care Home In Child Porn Case Philippine investigators say they’ve counted about 7,500 images and a video – and now call the son who turned him in a “person of interest.”Thomas Markle Sr., the estranged father of Meghan Markle, was arrested by federal agents in Florida on Friday morning on charges related to child sexual abuse material, two people familiar with the matter told the […]

Democrats Spent Year Demanding Data Center Moratoriums. They Own The Narrative. Will They Own The Fallout? Thursday’s selloff in hyperscaler and neocloud stocks deepened as investors reassessed the mounting risks that the Democratic sweep in the US midterms poses to the AI infrastructure boom. By midday in New York, the Nasdaq was down more than 5%, while Morgan Stanley’s neocloud index had plunged 12%, reflecting concerns that […]

If You Lie To Voters About Not Starting A New War, The Voters Make You Pay Authored by Larry C. Johnson via Sonar21,American voters have a long memory for one particular kind of broken promise. Tell them you will keep their sons out of a foreign war, then march them into one, and they will eventually send you a bill. In 1920 the Democrats paid it. On Tuesday, the Republicans did.On election night 2024, Donald Trump told a cheering […]

Haircut No. 2: Anthropic IPO Talk Slides To $1.2 Trillion As AI Rout Crushes Odds Of A November Listing Keeps going lower.Three weeks ago we reported that Anthropic IPO investors had marked the valuation from $2 trillion down to $1.5 trillion as the growth slowdown sank in. This morning, Bloomberg reports that the price tag has been cut again: after Thursday’s AI bloodbath, some potential backers are now discussing a value as low as […]

Consumer Sentiment Unexpectedly Jumps, Fueled By Independents, Despite Growing AI Bubble Fears The UMichigan consumer sentiment survey unexpectedly jumped in November to a three-month high, boosted by modest improvements in Americans’ views of their personal finances and the economic outlook.The University of Michigan’s preliminary sentiment index increased to 51 in November from 48 in October; the median estimate in a Bloomberg […]

Iran Reportedly Hands Out Iodine Tablets As Trump Locks Crosshairs On Pickaxe Mountain Summary:Iodine Tablets Being Distributed  Iranian Video Tells Citizens How To Survive NukeTrump Says US ‘Locked And Loaded’ For Renewed Strikes Against IranIran Hands Out Iodine TabletsThe US midterms are over, and Democrats swept this week’s elections. The question now is what the Trump administration will do about Iran’s Pickaxe Mountain and […]

Trump Proclaims Oval Office, Cabinet Room As National Monuments Authored by Travis Gillmore via The Epoch Times,WASHINGTON – President Donald Trump signed a proclamation preserving two of the White House’s historical rooms.SIGNED: Designating the Oval Office as a National Monument, protecting the historic office for good. 🇺🇸 pic.twitter.com/x10uKg1AUe— The White House (@WhiteHouse) November 6, 2026The document declares the […]

US Jobs Soar By 165K Blowing Away Estimates; Unemployment Rate Drops Putting Dec Rate Hike Back In Play In our preview of the October jobs report, we said that the labor data has rarely looked this solid going into a monthly payrolls report: claims near 57-year lows, the lowest October layoffs since 2023, JOLTS openings up 333K and ADP above expectations. If anything, the risk is to the upside of the 63K consensus, and the […]

DraftKings Crashes As “Aggressive Prediction Investments” Drive EBITDA Outlook Cut DraftKings shares crashed 24.5% in Friday’s premarket trading after the sports betting operator slashed the midpoint of its 2026 adjusted EBITDA forecast to $225 million from $800 million. The mad dash into prediction markets overshadowed a 16% year-over-year increase in third-quarter revenue to $1.33 billion.”In just a few months, we have become the […]

Voters In 8 States Approve Citizenship, Voter ID Measures For State Elections Authored by Jack Phillips via The Epoch Times,Voters in eight states backed ballot measures that sought stricter election rules during Tuesday’s election, approving voter ID and U.S. citizenship requirements. Voters fill out their ballots at Scarborough High School in Scarborough, Maine, on Nov. 3, 2026. Scott Eisen/Getty Images In West Virginia, South […]

Burger Bloodbath Intensifies As Yet Another Major Franchisee Goes Bust Another fast-food franchisee has filed for bankruptcy, becoming the latest casualty of mounting financial pressures squeezing restaurant operators across the United States.Global Midsouth Holding Corp., a franchisee of Checkers and Rally’s, filed for Chapter 11 bankruptcy protection on October 28, just one day before a scheduled foreclosure auction involving one […]

Nasdaq Futures Bounce As Dip-Buyers Pick Through AI Wreckage Ahead Of Payrolls US futures are higher, led by a sharp rebound in semis and memory names, as dip buyers emerge after Thursday’s AI bloodbath which saw the Nasdaq 100 suffer its worst day since March 2020, while traders brace for the October jobs report; at the same time the dollar is up against every G10 currency and oil reversed an early jump above $100 after Qatar’s […]

Firewood Stacked? Meteorologist Warns “First Legit” Cold Blast Of Season To Hit Mid-Atlantic & Northeast New model guidance suggests readers in the Mid-Atlantic and Northeast had better have their firewood stacked, anthracite coal stockpiled, and heating oil and LP tanks filled to the brim, because the first proper intrusion of cold air into both regions could begin as soon as next week, with the possibility of lake-effect snow […]

Tesla To “Wind Down” Cybertruck Production At Gigafactory Texas “Tesla will be winding down production of the Cybertruck at Gigafactory Texas around the middle of next year to make room for increased Cybercab production,” Elon Musk revealed on X early Friday morning. Tesla will be winding down production of the Cybertruck at Gigafactory Texas around the middle of next year to make room for increased Cybercab production— Elon […]

Trump, Qatar’s Emir Discuss Iran Peace Deal As Brent Suffers Biggest Weekly Drop Since COVID Crash Brent crude futures briefly tumbled to $96 a barrel before rebounding to $98.50 as diplomatic efforts to end the nine-month war with Iran progressed toward the end of the week. President Trump spoke with Qatar’s emir about Doha’s efforts to broker a peace deal between Washington and Tehran. The Democratic sweep in Tuesday’s midterms […]

Is Anthropic About To Delay The Biggest IPO Ever? Backers want a lower price, the November timetable is in doubt, and executives and advisers are set to meet to review the deal…Major institutional backers are pushing Anthropic to cut the $1.5 trillion valuation it had been targeting for its IPO, and one suggested pricing could fall closer to $1 trillion, the Wall Street Journal reported Thursday, after the Nasdaq Composite lost […]

Above-Average Returns: Why The Next Decade Differs Authored by Lance Roberts via Real Investment Advice,Sixteen years of above-average returns came mostly from rising valuations, and that is the one source that cannot be repeated from here.Key TakeawaysSince the end of 2009, the S&P 500 compounded at 14.34% a year, or 11.41% after inflation. The long-run real average since 1881 is 6.72%.Of that 11.41%, some 4.33 points a year […]

Investigation Exposes America’s Growing Cancer Crisis And Reveals Where It’s Worst A growing cancer crisis is gripping younger generations across the United States as increasing numbers of Americans in their 20s, 30s and 40s are being diagnosed with diseases once overwhelmingly associated with older adults, according to an analysis conducted by the Daily Mail.A 2025 National Cancer Institute study identified 14 types of cancer with […]

Butane’s Perfect Storm Sends Prices To Decade Highs Authored by Natalia Katona via OilPrice,Butane prices are surging across the world. Northwest European November butane prices have reached $1,125/t by early November, their highest level in 30 years, having exceeded even the peaks following Russia’s invasion of Ukraine. In Asia, the AFEI butane index stood at $1,180/t on November 3. US butane Belvieu prices have climbed to a […]

France’s Debt Crisis Could Trigger A Much Bigger European Meltdown Authored by Alastair Paynter via OilPrice,A budget deficit of 5.1% and public debt exceeding 115% of GDP raise concerns about France’s fiscal sustainability and the eurozone’s resilience.Industrial decline, energy disruptions, political instability and growing nationalist movements are putting pressure on EU cohesion.France’s presidential election, Poland’s political […]

China’s New ‘AutoDNA’ AI Lab Needs Humans For Just Two Chores Researchers at Shanghai Jiao Tong University have built a laboratory in which a team of AI agents designs and runs DNA experiments from a single typed prompt, with people stepping in only to restock reagents and service the hardware, according to a paper published this week in Nature. Robots run this laboratory in Japan — and are changing how scientists work  | […]

Ukraine’s Azov Brigade Admits Holding AWOL Soldiers At Residential House Amid Torture Allegations Authored by John Weeks via Antiwar.com,A riot erupted Monday night outside a residential house in Ukraine’s Petropavlivska Borshchahivka, a suburb approximately 12 miles west of Kyiv, after social media posts claimed the military was torturing conscripts in the basement and that medics were being denied access to the […]

Is Russia Rehearsing An Attack In Orbit? Two Russian satellites are drifting toward the orbit of a second US-registered radar satellite run by Finland’s ICEYE, weeks after a sibling spacecraft closed to within about 500 meters of the first, and one analyst says that earlier pass “looks like an attack rehearsal.”Greg Gillinger, a senior space analyst at Integrity ISR and a former US Air Force intelligence officer who has tracked the […]