On Wire

Breaking news, updates, and reports on current events.

GRAPHIC: “Iran police van after being disarmed by protesters.”

by

Video of an #Iran police van after being disarmed by protesters. Today there has been an uptick in violent pushback by the Iranian people against regime forces. There are separate images of a cleric being attacked today as well. #MahsaAmini https://t.co/upUrUUMaJV — Jason Brodsky (@JasonMBrodsky) November 3, 2022 The level of fearlessness of the Iranian … Read more

Are The FANG Stocks Dead?

by

By Lance Roberts Are the FANG stocks dead? Or, to be clear, are the MANNGMAT stocks dead? Of course, we are talking about the big technology heavyweights of Meta (FB), Apple (AAPL), Netflix (NFLX), Nvidia (NVDA), Google (GOOG), Microsoft (MSFT), Amazon (AMZN) and Tesla (TSLA). According to a recent article via the WSJ, such seems to be … Read more

General Hamilton Mourão, Serving Under Bolsonaro, Says There Will Be NO Military Involvement, Says People Should Vote Harder in 2026 Instead

by

Brasileiros, há hoje um Sentimento de frustração, mas o problema surgiu quando aceitamos passivamente a escandalosa manobra jurídica que, sob um argumento pífio e decorridos 5 anos, anulou os processos e consequentes condenações do @LulaOficial. — General Hamilton Mourão (@GeneralMourao) November 2, 2022 Está na hora de lançar um manifesto explicando isso e dizendo que … Read more

Meanwhile, in our “booming economic recovery” (cough), the layoffs are starting to add up. Will it extend to Congress next week?

by

Layoffs announced in the last day: – Lyft 13% of workers– Opendoor 18%– Stripe 14%– Chime 12%– Twitter 50%– Morgan Stanley (% unknown) — Genevieve Roch-Decter, CFA (@GRDecter) November 3, 2022 https://twitter.com/TheLayoff?t=_Elw5alB0WH8dP0ytQH_7w&s=09 There are more resurfacing with more #s… Twitter accounts: @thelayoff @thelayoffbot 🚨BREAKING 🚨 APPLE HAS PAUSED HIRING FOR ALL ROLES OTHER THAN R&D … Read more

Elon Musk Puts Twitter HQ on Lockdown to Prevent Revenge Attacks from the Leftists Who He Just Fired: 50% of Twitter FIRED

by

Tomorrow morning, up to half of Twitter employees will likely be fired via email. Twitter offices have been temporarily closed and all badge access to physical locations will be suspended to protect against sabotage. Is real change finally coming to Twitter? — Benny Johnson (@bennyjohnson) November 4, 2022 https://twitter.com/_/status/1588372547560960007 Has it already started? Happy layoff … Read more

Are We Living In The “End Times”?

by

by Michael Are we living in the days just before the return of Jesus Christ to this planet?  Right now, there is a tremendous amount of chatter about the “end times” all over the Internet.  So many really crazy things are starting to happen all over the world, and many people correctly recognize that we … Read more

For Now Bad News Is Good Again

by

by Peter Schiff of Peter Schiff Podcast · Dow has best October in its history. · Rotation continues from growth to value stocks. · Market is priced for perfection with anything but perfect circumstances. · Inflation will never go back to 2% · Amazon, Apple, and Netflix disappoint investors. · Meta and Alphabet hurt by dried up advertising. … Read more

Turkey’s inflation hits 85.5%! Well, even the worst commodity holds up against it!

by

  ISTANBUL, Nov 3 (Reuters) – Turkish annual inflation climbed to a new 24-year high of 85.51% in October, official data showed on Thursday, slightly below forecast, after the central bank cut its policy rate despite surging prices. Reporting by Gdansk newsroom and Nevzat Devranoglu; Writing by Ali Kucukgocmen Editing by Raissa Kasolowsky, Tomasz Janowski … Read more

Whatever You Do, Don’t Fall For The “Recession Concerns Were Misguided And The Economy Is Back On Track!” Narrative

by

by Graham Summers of Gains, Pains, & Capital Great news… the economy recovered in Q3! According to the Bureau of Economic Analysis (BEA), the U.S. economy grew at an annual rate of 2.6% in 3Q22. So all of our concerns about a recession were misguided! The economy is back on track! There’s only one problem with this narrative: the … Read more

When even CNN is forced to admit things look bad for Democrats, you know that things look very bad for Democrats.

by

STACY MCCAIN: Democrats and Media (But I Repeat Myself) Begin Midterm Pre-Mortems. When even CNN is forced to admit things look bad for Democrats, you know that things look very bad for Democrats. Yet nobody at CNN will admit that they are part of the problem. For most of the past year, CNN has led every … Read more

Elon: Twitter Blacklist Stays for Now…Elon Musk Says Blacklisted Twitter Users Won’t Be Back Until Weeks After Election… THERE IT IS

by

Following Elon Musk’s recent announcement that Twitter would be unbanning a number of blacklisted users, he has since stated that they won’t be allowed to return to the platform for “at least a few more weeks,” or in other words, until after the midterm elections have passed. NBC News reports that Elon Musk recently suggested … Read more

‘If you didn’t get the memo and are long equity risk (especially of the duration kind), you are dancing on a cliff’s edge juggling chainsaws without a net or gloves.’

by

In just 12 months several big caps lost more than 70% of its market cap. If we are not in recession, what kind of economical condition we are? $META $PYPL $ROKU and so on…… — Antonio Costa (@ACInvestorBlog) November 3, 2022 He was asked about +50 in Dec and he dodged saying “it’s about the … Read more

Powell Admits The Fed Is Failing On Inflation, And Promises More Rate Hikes

by

by Ryan McMaken of Mises Institute The Federal Reserve’s Federal Open Market Committee (FOMC) raised the target federal funds rate 75 basis points on Wednesday, marking the fourth 75-basis-point hike in a row since June. The federal funds rate is now the highest it’s been since December of 2007 when the Fed was in the process of lowering … Read more

US REAL 30yr Mortgage Rates Finally Turn Positive (0.32%) While REAL 10yr Treasury Yields Remain Negative (-2.50%)

by

by confoundedinterest17 It has been a wild and mostly negative ride under Biden’s Reign of Error. 40-year highs in inflation (caused by Biden’s fossil fuel mandates and Federal spending) have left the US mortgage market FINALLY seeing positive REAL mortgage rates (now 0.32%), even though the REAL 10yr Treasury yield is still negative (-2.50%).