AI spending doubts return as Nasdaq suffers its worst day since June

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BREAKING: The Nasdaq 100 closes down -2.9%, posting its biggest daily drop since June 5th. The index erased nearly -$1.2 trillion in market cap today. pic.twitter.com/38jQv0mtfo — The Kobeissi Letter (@KobeissiLetter) October 22, 2026 Technology stocks rebounded on Wednesday, but the recovery collapsed today as investors reassessed the returns on AI spending. The Nasdaq fell … Read more

SEIU Local 1000 stages first-ever one-day strike of 100,000 California state workers after contract expires and talks stall.

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Thousands of California state workers represented by SEIU Local 1000 walked off the job today in the union’s first strike since its founding. The union, which covers roughly 100,000 employees including auditors, nurses and counselors, has been without a contract since late June. Members demand a 20 percent raise over three years, lower healthcare costs … Read more

SEC clears landmark FINRA marketing rule today allowing projected investment returns for broker dealers

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The Securities and Exchange Commission formally approved a major regulatory amendment today allowing FINRA registered broker dealers to present targeted returns and projected investment performance to institutional clients. The regulatory action creates a explicit exception to FINRA Rule 2210, easing long standing restrictions on forward looking financial projections across private market placements. The regulatory overhaul … Read more

Trump defends Ramaswamy ad featuring Acton’s estranged mother after DeWine and others call for its removal.

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President Trump today urged Vivek Ramaswamy to keep airing a $4 million ad that features Democratic Ohio gubernatorial candidate Amy Acton’s estranged mother calling her a liar. Ohio Gov. Mike DeWine, who endorsed Ramaswamy, called the ad “deeply, deeply troubling” and said it was wrong given the backstory of childhood abuse and neglect that led … Read more

Barclays cuts 5,000 jobs today in massive artificial intelligence cost saving restructuring drive

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Barclays PLC announced plans today to eliminate approximately 5,000 positions across its global operations as part of a sweeping corporate efficiency program. Executive leadership confirmed the structural workforce reduction is designed to lower operating expenses and reallocate corporate capital toward automated artificial intelligence platforms and digital banking infrastructure. The multi thousand job cut marks one … Read more

Supreme Court blocks New Hampshire student IDs for midterm voting after state law removed them from accepted forms.

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The Supreme Court issued an unsigned order today restoring New Hampshire’s 2026 law that bars high school and college student IDs as valid identification at the polls for the November 3 midterms. The order lifts a preliminary injunction issued October 2 by U.S. District Judge Joseph Laplante that had allowed the cards as a secondary … Read more

Both Sides Are Preparing To Greatly Escalate The Great Middle East War, And So The Global Energy Crisis And The Global Food Crisis Will Both Intensify

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by Michael For months, the skeptics kept assuring us that peace was coming to the Middle East. They were wrong. Anyone that believes that there will be peace in the Middle East has a fundamental misunderstanding of what is at stake. Israel and Iran consider one another to be existential threats. The Iranians will never … Read more

Moral Collapse / Corruption Rewards the Worst and Penalizes the Best

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Authored by Charles Hugh-Smith via oftwominds, This is Essay #4 in the series Truth Be Told. Moral Collapse / Corruption are not abstractions. Rewarding the worst (those with zero scruples / moral foundation) and penalizing the best (those with high ethical standards) generates self-reinforcing feedback that dooms the system to disintegration: the worst prosper so … Read more

Banks spent decades trying to keep intruders out. Now they have to worry about AI agents getting in with the customer’s own access.

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Somebody’s going to call the fraud line and find out the fraud was their own assistant. 🇺🇸 Big U.S. banks are finding AI bots inside customer accounts that the banks never authorized. These are AI agents, tools that can log in and handle tasks for you, and lots of people already use them that way … Read more

Why Are Scientists Suddenly So Concerned About An Asteroid Hitting Earth? Do They Know Something That We Do Not?

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by Michael Authorities assure us that we are perfectly safe and that no giant space rocks are heading our way. If that is true, why is a scenario that has been developed for the 2027 Planetary Defense Conference “based around a hypothetical impact threat” from a very large asteroid? And why are scientists at Lawrence … Read more

Both parties use daily social media attacks to gain political power rather than serve the public

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Personal insults replace real policy, which is why conditions worsen under every new president and Congress. AOC: "I support trans women because I'm a girl's girl" How do they come up with this stuff pic.twitter.com/fnoTn8iFAf — End Wokeness (@EndWokeness) October 22, 2026 The entire Trump administration thinks they are above us. Here you see Trump … Read more

Are we in ‘August 2007’ right now? One more rally before the bear market?

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We are right now in "August 2007". Enjoy! — Henrik Zeberg (@HenrikZeberg) October 22, 2026 So…. 1. No Stagflation2. Yields plummeting3. Copper breaking lower Now soon…. 4. Stocks rally hard5. Crypto explodes higher6. Bears becomes Bulls7. I will be called Perma-Bear8. Market Top9. Recession What's on your Bingo Card? pic.twitter.com/8vSfUCuIL2 — Henrik Zeberg (@HenrikZeberg) October … Read more

Berkshire Hathaway is now sitting on a staggering $365 Billion in cash, enough to buy 472 companies in the S&P 500. Warren Buffett’s Investing Rules: When to Buy, Hold, and Sell

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📉 When a stock drops: • Down 5% → Do nothing • Down 15% → Increase your position by 10% • Down 25% → Increase your position by 25% 📈 When a stock rises: • Up 5% → Hold • Up 15% → Keep holding • Up 25% → Sell 10% • Up 35% → … Read more

The labor market is cracking while inflation fades.

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The labor market is cracking while inflation fades. Monthly job growth has collapsed from 500,000 at the 2022 peak to around 40,000, and economists see it staying there. Meanwhile inflation keeps drifting back toward 2% as the 2020-21 money-printing pulse washes out. The economy… pic.twitter.com/tmI4o4RDc0 — Kurt S. Altrichter, CRPSÂŽ (@kurtsaltrichter) October 21, 2026 Ground … Read more

Omaha only selling premium fuel

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This shortage is worse than normal but we run into this pretty regularly this time of year per the story yesterday on channel 6 I think it was. Some of the terminals are offline as we switch from summer blends to winter blends https://t.co/h9EIfG9iHw — Drake (@Drakeb4Degrassi) October 21, 2026 Drivers across Omaha, Papillion, and … Read more