Meta trial and AI reality check hit big tech stocks, hedge funds suffered worst underperformance vs S&P 500 in July in more than 20 years of data

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Level of ignorance about $META surprises me every day.$META trial in California isn’t a $1 trillion threat. That’s the statutory maximum $META calculated to show how ridiculous those lawsuits can get. States are asking $200 billion. Historically, when US courts face such high… https://t.co/NdMJgYjxUl pic.twitter.com/NCBfgwxWWh — Oguz Erkan (@oguzerkan) August 24, 2026 Nvidia earnings this … Read more

Supreme Court lets Trump push mail ballot limits for midterms, election day weeks away.

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Supreme Court hands preliminary win to Trump on mail-in ballots executive order The Trump administration wants to exert greater control over mail-in ballots ahead of the 2026 midterms despite the primary role states play in overseeing elections. WASHINGTON — The Supreme Court handed an initial win to the Trump administration Monday in its effort to … Read more

Dog food recalled across US and Canada after complaints of metal contamination

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Dog owners are being urged to check their pet food after thousands of cases of canned dog food sold in the U.S. and Canada were recalled over potential metal contamination. Fromm Family Foods is recalling roughly 5,800 cases of two wet dog food products after receiving complaints of metal contamination, according to a company announcement … Read more

Monster heat dome traps 50 million Americans in life-threatening 118F inferno living in Arizona, Arkansas, California, Louisiana, New Mexico, Oklahoma and Texas have been placed under extreme heat warnings or heat advisories

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A massive heat dome engulfing the southern US is set to roast seven US states for days as temperatures in some areas soar past 110 degrees. More than 50 million people living in Arizona, Arkansas, California, Louisiana, New Mexico, Oklahoma and Texas have been placed under extreme heat warnings or heat advisories by the National … Read more

New Zealand to ban Social Media for under 16s. A proposed bill would require platforms to verify user’ ages or face fines of up to 10 percent of global revenue.

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#BREAKING: We’re taking action to protect young people online, backing parents and holding big tech accountable. pic.twitter.com/z3hxQqhePL — NZ National Party (@NZNationalParty) August 24, 2026 We’re taking action to protect young people online, backing parents and holding big tech accountable. pic.twitter.com/PEZC8EyjFp — Christopher Luxon (@chrisluxonmp) August 24, 2026 New Zealand Moves to Ban Social Media … Read more

World’s first commercial stellarator is built in Munich

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Proxima Fusion just raised €411 million to build the world’s first commercial stellarator. Backed by a public-private investment of ¥3.1 trillion, Japan aims to achieve fusion power generation in the 2030s and capture 30% of the global market. China’s just completed a 582 tonne toroidal field superconducting magnet, it is now the largest superconducting magnet … Read more

Elon Musk backs billionaire Warren Buffett’s famous plan to eliminate the deficit in 5 minutes

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“You just pass a law that says, ‘Anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for reelection.’” HOLY CRAP 🚨: Elon Musk backs billionaire Warren Buffett’s famous plan to eliminate the deficit in 5 minutes: “You just pass a law that says, ‘Anytime there is … Read more

YouTube Premium is getting yet another price hike for users across the globe

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YouTube Premium is getting more expensive for subscribers across Europe and Asia, with some plans increasing by nearly 17%. The Google-owned platform began emailing users about the changes in August. According to 9to5Google, individual plans in parts of Europe are rising from €13.99 to €15.99 per month. Customers in Finland reported increases from €14.99 to … Read more

Gold Just Became a National Security Asset

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via gainspainscapital Scott Bessent just confirmed what I asserted weeks ago: namely that Iran has been using the gold and crypto markets to move capital/continue trade outside of U.S. sanctions. Historically, gold has been a “geopolitical risk” trade that has done well during periods of conflict. Gold’s reaction to Russia invading Ukraine: Gold’s reaction to … Read more

FCC abolishes gigabit speed goal because it’s unfair

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FCC decides 1Gbps is too fast, standard must be “technologically neutral” The Federal Communications Commission last week eliminated the gigabit speed goal established during the Biden administration and declared that current levels of broadband deployment in the US are acceptable. Though fiber networks have routinely offered such speeds for years, the FCC said the gigabit … Read more

China Develops Missile to Target Planes Thousands of Miles Away

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The Chinese military has developed hypersonic glide vehicles that can launch air-to-air weapons, an advancement meant to threaten high-value targets such as command-and-control aircraft thousands of miles away. The breakthrough is part of a larger effort by China to use its missile arsenal — the world’s largest at more than 3,150 ballistic weapons — for … Read more

Supreme Court allows some Trump vote-by-mail limits ahead of midterm election

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The Supreme Court on Monday sided with President Donald Trump for now in his effort to impose sweeping new restrictions on distributing mail ballots, putting on hold a lower-court ruling that had blocked key parts of the plan ahead of November’s midterm elections. The justices, over three dissents, paused a ruling by U.S. District Judge … Read more

Judge Jeanine has a jury problem.

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The Trump administration celebrated the arrival of an alleged MS-13 mastermind on American soil in March 2025. But it was Moises Rivera-Luna — a man whom the Justice Department says ordered murders in the US from inside a Salvadoran jail cell more than a decade ago — who fell to his knees, stunned and grateful, … Read more

Bessent keeps talking bigger buybacks while the market barely flinches. 30-year treasury yield becomes market’s new fear gauge

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Bessent is throwing every tool at rising long yields before they blow up the budget. Using the TGA gives real size without flooding the bill market. Main force is the $40 trillion debt and stubborn inflation keeping the long end under pressure. Market so far is not buying the rescue story. 30-YEAR TREASURY YIELD BECOMES … Read more

WNBA player screams at Enes for pro-woman shirt

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WNBA players are SCREAMING at Enes Kanter Freedom for wearing a pro-woman shirt. Well well well… pic.twitter.com/RG5PCIbCA0 — Jack (@jackunheard) August 24, 2026 Former NBA guy Enes Kanter Freedom wore the “woman = adult human female” shirt courtside. Chicago Sky guard Natasha Cloud went straight at him after her basket. She yelled and pointed while … Read more