On Wire

Breaking news, updates, and reports on current events.

YouTuber 3D Prints “World’s First” Rocket Launcher And Fires At Target

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3D printing has revolutionized gun-making and has come a long way since the single-shot “The Liberator” pistol was available for download in 2013. Now entire semiautomatic pistol carbines can be entirely printed at home, and weapon-making appears to have graduated to rocket launchers. Youtuber “Ordnance Lab” (also known as Ordnance Lab LLC and holds a … Read more

Insiders Let It Slip: “A Paradigm Shift Has Begun”

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Global markets are in the beginning of a fundamental shift after a 15-year period defined by low interest rates and cheap corporate debt, according to Morgan Stanley co-President Ted Pick. The transition from the economic conditions that followed the 2008 financial crisis and whatever comes next will take “12, 18, 24 months” to unfold, he said … Read more

SEC unveils plan to overhaul stock trading due to GME/AMC run last year. Looks like it could kill commission free trading.

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by gargeug Link to the story: https://www.reuters.com/markets/us/wall-street-regulator-spell-out-push-overhaul-stock-trading-sources-2022-06-08/ After the GME/AMC run last year the SEC has decided to overhaul PFOF. This is how companies like RobinHood, TDAmeritrade and Etrade are able to offer commission free trading. In a nutshell, they intend to shut it down. Out of one corner of their mouth they are claiming it … Read more

California State Sen. Scott Wiener Floats Adding ‘Drag Queen 101’ Into K-12 Curriculum

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“Attending Drag Queen Story Time will satisfy the requirement.” (InformationLiberation) California State Senator Scott Wiener of San Francisco, who two years ago got a bill passed to decriminalize men having sex with boys by smearing all opponents of the measure as “homophobic” and “anti-Semitic,” is now floating making “Drag Queen 101” part of the K-12 … Read more

Mexican Suspension bridge collapses as people cross

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The mayor of the Mexican city of Cuernavaca was proudly inaugurating a footbridge over a scenic stream on Tuesday when the bridge collapsed, sending him and about two dozen other people plunging into a gully. The hanging bridge made of wooden boards and metal chains had recently been remodeled. Video of the collapse suggested the … Read more

The banks are big net buyers on the June active month gold contract stopping (buying) 5,061 contracts and issuing (selling) only 188 contracts. And 900,000 oz of silver is … OUT OF THE VAULT!

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by Ditch_the_DeepState On gold … my “clam” plot shows the cumulative metal bought or sold for the contract month by each player. I label the bullion banks (noted with a “H” at the end of the name) and JP Morgan’s customer account in black. JP Morgan’s customers account for 73% of issues and 54% of … Read more

The rebound is on! Chinese stocks set for best week in over a year

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Source: https://www.asiamarkets.com/the-rebound-is-on-chinese-stocks-set-for-best-week-in-over-a-year/ Chinese stocks are set to record their best week of performance in more than a year after yet another signal that the Chinese Government’s regulatory reins are being loosened. On Wednesday, China’s National Press and Publication Administration announced the approval 60 new video games. It’s a stark turnaround from the hard-line approach the Government … Read more

US tweaks requirement for investors to sell off Chinese tech stocks

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The United States last week quietly eased its ban on investors holding stock in, or otherwise profiting from, Chinese companies that are felt to have ties to China’s military. The ban was first imposed by president Donald Trump with a 2020 executive order that forbade US-based individuals or entities owning shares in private Chinese companies identified as … Read more

SEC Considers Routing Equity Trades Into Competitive Auctions, Gensler Says

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https://www.wsj.com/articles/sec-considers-routing-equity-trades-into-competitive-auctions-gensler-says-11654705854?mod=Searchresults_pos1&page=1 SEC Considers Routing Equity Trades Into Competitive Auctions, Gensler Says The change would be part of a broader set of changes to the stock market’s plumbing that aim to reduce costs for investors ​ Securities and Exchange Commission Chair Gary Gensler said he has asked agency staff to consider requiring brokerages to route individual … Read more