On Wire

by AC MAJOR HURRICANE headed for a concentrated region of oil refineries I posted about this yesterday and the track has not shifted. The latest GFS model shows this hurricane losing a small amount of strength going over the Yucatan Peninsula, but if it get’s through between Cuba and the Peninsula, we are in for … Read more

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

A sign posted outside a GameStop explains why workers walked out. The GameStop in the Gateway Mall in Lincoln, Nebraska is one of the busiest around, at least according to the person who used to run it. But over the weekend it was closed after four employees decided to walk out and never return over … Read more

“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

The directive to get physical goods and resources of value out of the hands of the people and into the vaults of the elite continue… this time literally, with eBay. Starting this year (2022), professionally graded trading cards, such as Pokemon, Yu-Gi-Oh and all pro sports cards now have the option of being stored in … Read more

https://twitter.com/Mickey4224/status/1534133479948095488  

https://twitter.com/RetroTechNoir/status/1534366423157547008   h/t Just An Observer

https://twitter.com/Holbornlolz/status/1534592177581568000 https://twitter.com/MarcusHalliday1/status/1534600151712645130  

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

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

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

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

The firm borrowed money to buy stakes in private companies and posted massive gains. But as valuations fade, such bullishness is veering into losses across the industry. ByHema Parmar and Miles Weiss June 8, 2022, 12:01 AM EDTUpdated onJune 8, 2022, 11:30 AM EDT Hedge funds were tallying gains on their hottest bet in years … Read more

It means there aren’t very many good places to keep their money right now.  

by MattiaShaw    

https://twitter.com/Rothbard1776/status/1534364618117767170