On Wire

Breaking news, updates, and reports on current events.

Elon Musk Unveils Prototype of Humanoid Robot Optimus,

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Elon Musk showed off a new humanoid robot Friday at a Tesla Inc. TSLA -1.10%▼ artificial-intelligence event, part of the chief executive’s effort to shape public perception of the company as more than an electric-vehicle maker. Mr. Musk first laid out the vision for the robot, called Optimus, a little more than a year ago … Read more

A $46 trillion wipeout in stocks and bonds won’t stop until central banks around the world launch a coordinated pivot, Bank of America says

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A $46 trillion wipe out in stocks and bonds over the past year has led to forced liquidations on Wall Street, according to Bank of America. The bank doesn’t expect the bleeding to stop until the Fed launches a coordinated dovish pivot with other central banks.  “Markets stop panicking when central banks start panicking but … Read more

Several states are sending out inflation relief checks, but some economists say they could further fuel rising prices

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Washington CNN — Several states are sending taxpayers money to help them cope with inflation, but some economists warn that the payments will do little to alleviate the pain of rising costs and could further fuel inflation. In California, for example, about 23 million qualifying taxpayers are expected to receive up to $1,500, with smaller … Read more

Global ‘Unhappiness’ Is Soaring

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In the 2021 survey, the two countries recorded the two highest scores in the world on the index, which is based on people’s daily experiences of sadness, stress, worry, anger and physical pain. Higher scores on the index mean more of a population is experiencing these emotions. You will find more infographics at Statista https://www.zerohedge.com/geopolitical/global-unhappiness-soaring

The Fed Tries and Fails to Hide This Brutal Reality

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Image via Australian Broadcasting Corporation From Peter Reagan at Birch Gold Group When Powell’s Fed aligned on the idea that increasing interest rates will begin to ease inflation, Wall Street was their first target. In fact, that economic slowdown the Fed wants is well underway. Stock bulls learned their lesson. Without the promise of eternally low interest rates, the major … Read more

The DC Bar is going after DOJ lawyers who provided President Trump legal advice. This is the SAME DC Bar that reinstated a convicted felon who admitted forging emails to mislead a federal judge in order to obtain FISA warrants against President Trump.

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In an unprecedented move, the D.C. Bar opened an investigation into a former top Justice Department lawyer for advice he gave former President Donald Trump, with documents indicating a Democrat senator prompted the probe. The timing of the procedures, and the complicity between elected officials and the bar, suggest a concerted attempt to create an … Read more

Why does Google keep failing new products?

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by AnnaDelveyloper They’re going to shut down Stadia now. I’ve never seen another company fail so miserably at so many products outside their core competency, it’s like a meme now. Is this poor management? Poor vision from the top? I don’t think it’s poor technical execution. Poor marketing/brand? Poor creativity (they never seem to be … Read more

Signs That A Market Bounce Is Coming

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by OptionStalker The market does not go straight up or straight down. I realize that we are mostly day traders, but it helps to day trade in the direction of the longer term trend. Many of us hold short-term swings as well. We are in a bearish trend and right when the profits start stacking up, … Read more

Federal Reserve Alert! Guidance on Resolution forthcoming. Resolution plans, required by the Dodd-Frank Act and commonly known as “living wills,” describe a financial company’s strategy for rapid and orderly resolution under bankruptcy in the event of financial distress or failure.

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September 30, 2022 Agencies announce forthcoming resolution plan guidance for large banks and deliver feedback on resolution plan of Truist Financial Corporation Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation For release at 4:30 p.m. EDT Share The Federal Deposit Insurance Corporation and the Federal Reserve Board on Friday jointly announced … Read more