Berkeley Voters To Decide Whether To Initiate Public Bank With New Parcel Tax Authored by Lear Zhou via The Epoch Times,Voters in Berkeley, California, will decide in the coming election whether to start a public bank using a new parcel tax as seed money in order to create long-term investments in affordable housing, green energy, and small businesses.Public banking is on the ballot in Berkeley! Measure Z would fund Public Bank East […]

Physical Oil Flips From Bidding War To Fire Sale As Gulf Barrels Flood Back For much of the past two months, the most important oil price in the world was the one nobody saw on TV.While ICE Brent futures chopped around in a range, the price of actual, deliverable barrels went parabolic: as we noted at the time, Dated Brent refused to come down even as Gulf flows recovered, North Sea Forties was quoted above $140 a barrel in early […]

Expert Flags Crucial Mistake That May Have Doomed Florida Learjet The crucial mistake may have come before the Learjet began its fatal plunge: flying into dangerous weather instead of going around it, according to a veteran pilot interviewed by the New York Post.Justin Crabbe, a pilot and CEO of charter-booking platform Jettly, told the paper that air traffic controllers had given the crew flexibility to avoid the weather before […]

BMW ADRs Tumble On Full-Year Outlook Cut, China Demand Woes Add BMW to the growing list of European automakers slashing forecasts due to softening demand, especially in China.BMW’s ADRs fell 5% late in the US cash session after news that the struggling automaker slashed its full-year automotive profit outlook to around breakeven and warned of delivery declines. The European automaker said it would accelerate restructuring and phase […]

Seven Toss-Ups, A Decoy Candidate, & A 1AM Finish: Your Election Night Survival Guide The House is done. Or at least the market thinks so.Going into tonight, Polymarket traders give Democrats a 96% chance of taking the House and 74% for the Senate, the highest Democratic Senate odds since the market opened, and as of 7:17am ET this morning the Democratic sweep contract was trading at 77%. Which is why Goldman, in its “Midterms […]

Houthis Launch Cross-Border Ground Raids On Saudi Territory Fresh reporting in Mideast regional outlets suggesst a major escalation in Houthi attacks on Saudi Arabia. While drones and missiles have been launched on Saudi territory almost daily since September, a new report says that Houthi militants are actually conducting ground force incursions.In a development that’s been largely unreported, “The Houthis have launched multiple […]

“Laboratories Of Democracy”: Five State Ballot Measures To Watch Today Authored by Jon Miltimore via The Daily Economy,On Tuesday night, millions of Americans will track election results to see which party controls Congress after the ballots are counted. Far less attention will be paid to state elections, including ballot initiatives that could have far-reaching economic consequences.Here are five outcomes to watch.1. California […]

Indian National Pleads Guilty In $227 Million COVID Test Scam, Bought Data From Pakistani Firm Syed Murtuza Kablazada, an Indian national living in Des Plaines, Illinois, pleaded guilty Friday to a Medicare fraud scheme that billed $227 million for over-the-counter COVID-19 test kits nobody ordered, the Justice Department said. Prosecutors say he paid about $11 million to a purported telemarketing company in Pakistan for the […]

Iran Rejects Latest Draft Proposal To End War: US ‘Must Act On 7 Conditions’ To Reopen Hormuz SummaryIran Rejects US Draft Proposal: Tehran insists all seven conditions must be met before reopening the Strait of Hormuz.Negotiations Remain Uncertain: Reports of US-Iran concessions raised hopes of a breakthrough, but Iran indicates a deal remains distant.Back to Headline Ping-Pong: Oil prices initially plunged on optimism over […]

US Gulf Allies Prepare For Heavy US Bombardment Of Iran And Iranian Retaliation; Report Authored by Dave DeCamp via Antiwar.com,The Wall Street Journal reported on Monday that the US’s Gulf Arab allies are preparing for heavy US strikes against Iran that they expect to provoke major Iranian retaliation against their infrastructure.The report said that the Gulf states believe that the US attacks could come as early as this week. […]

Dubai Benchmark Slips Into Contango For The First Time Since July The curve of the Dubai benchmark is showing signs that rising oil flows from the Middle East are exceeding demand for the first time since early July, when the three-week U.S.-Iran ceasefire allowed millions of barrels to leave unhindered the Strait of Hormuz.Physical flows have been gradually rising for the past two months as Gulf producers accelerated […]

Buying The Median US Home Now Takes A $112,700 Salary… And $492,000 In San Jose Buying the national median-priced home ($434,900, per HSH.com’s second-quarter 2026 data) takes an income of $112,695 a year with 20% down ($347,920 borrowed) at a 6.41% mortgage rate. That is $9,213 more than in the first quarter, and HSH says affordability worsened in all 50 of the large metros it tracks over the quarter. It is still $1,273 below the […]

Obama Judge Orders Federal Officials To Stop Sending Lists Of Noncitizen Voters To States Authored by Zachary Stieber via The Epoch Times,The federal government must stop transmitting lists of people officials say are confirmed or suspected noncitizens registered to vote, a U.S. judge ruled on Nov. 2.Bulk disclosure of the lists to states likely violates the Privacy Act, which prohibits disclosure of identifiable personal […]

Trump To Cut Off $4B Annual Israel Aid By Year-End, Jokes He’d Move There To Become PM ‘If People Got Tired Of Me’ President Donald Trump announced Tuesday that the United States will end its nearly $4 billion in annual military aid to Israel by the end of the year, saying he and Prime Minister Benjamin Netanyahu agreed to the cutoff months ago. Trump argued Israel no longer needs the assistance and that the annual payment had […]

Voting Machines Reject Paper Ballots Across Westchester County, Home To A Key House Battleground Ballot scanners at polling places across Westchester County, New York, stopped accepting paper ballots on Election Day, raising the prospect of delayed results in one of the country’s most closely watched House races, between Rep. Mike Lawler (R-N.Y.) and Democratic nominee Cait Conley. The county covers roughly 30% of New York’s 17th […]

Job Openings Unexpectedly Soar By Over 330K, Amid Near-Record Surge In Americans Quitting After three straight months of disappointing JOLTS reports, moments ago the BLS reported that in September the number of job openings soared by 333K from an upward revised 7.190 million (vs 7.079 million pre-revision) to 7.523 million…… beating estimates of 7.164 million handily, the first time the job openings print hasn’t disappointed […]

Directed-Energy Weapon Deployed At Trump’s Mar-A-Lago Club There has been a lot of X chatter about the US military installing air-defense systems around President Trump’s Mar-a-Lago club and at Palm Beach International Airport.Photographs published by local media outlets show a self-propelled surface-to-air missile system, counter-drone systems, and even laser weapons.Military blog Laser Wars reports that the US military added a […]

US Factory Orders Are Surging At Their Fastest Pace In Over 4 Years Following mixed manufacturing survey data, expectations were for a sizable jump in US Factory Orders in September.The actual print was even better than expected, rising 1.9% MoM (+1.8% MoM exp). That was the third consecutive monthly gain and followed a 0.3% increase in August and lifted orders up over 10% YoY…Core Factory Orders were even more dramatic, up 1.3% […]

Putin Aide To Represent Moscow At Trilateral Ukraine Peace Talks Next Week The Russia-Ukraine-US talks are now confirmed, per a Kremlin Tuesday statement, now set to be held in Abu Dhabi from November 10-11. The trilateral talks were intially agreed to late last month following US ⁠envoy Steve Witkoff having met with President Putin in St. Petersburg.The White House is seeking a breakthrough in the stalemated, grinding war which […]

Shopify Crashes On First Revenue Miss In Four Years, Wells Fargo Warns AI Costs Hitting Margins Shopify shares crashed in premarket trading in New York after the first sales miss since 2022. Investors focused on subscription revenue that fell short of the Bloomberg Consensus estimate, and Wells Fargo analysts pointed to gross margin headwinds due to AI. Third quarter revenue rose 32% to $3.74 billion, falling just short of the […]

Alarming Abuse Identified In Secret Ukraine Azov Battalion Detainment & Forced Conscript Transition-House Authored by Sundance via The Last Refuge,War is hell. Forced war upon the innocents is even worse and this story is very disturbing.Ukraine has forced conscription. Essentially a radical forced draft where the government pays private contractors to locate Ukrainian men, drag them off the streets, put them into military […]

Trump Unloads On El-Sayed And Alaska’s ‘Decoy Dan’ In Election-Day Truth Social Posts President Trump took to Truth Social overnight to attack Michigan Democratic Senate nominee Abdul El-Sayed and the second Dan Sullivan on Alaska’s ballot, hours before polls opened in two Senate races that could decide control of the chamber.At 12:52 a.m. Eastern, Trump wrote, “Abdul El-Sayed Hates Jews and Hates Blacks. Don’t feel bad, he also […]

Second Wave Of Cyberattacks Paralyze Supermarket Fridges Across EU, Weeks After Gov’ts Urged Food Stockpiling Cyberattacks disrupted supermarket refrigeration systems across Sweden, Belgium, Luxembourg, Ireland and Estonia on Monday morning, forcing retailers to discard spoiled food and exposing the last mile of the food supply chain to major disruptions. The cyberattacks came just weeks after governments urged households to […]

Futures Mixed As America Votes, Apple Slides And Oil Rebounds After “Defensive” US Strike On Iran US futures are down but off session lows, with Nasdaq contracts edging higher, as America heads to the polls for the midterms, chips rebound even as Apple slides on a gross margin warning and Palantir tumbles on a soft outlook, and oil bounces off Monday’s 8% plunge after the US struck Iran’s Qeshm Island in what officials called a […]

The Chart That Should Terrify Brussels: EU NatGas Reserves Could Crater By Winter’s End Diplomatic signals between the US and Iran ahead of the US midterms sent Brent crude and European natural gas futures tumbling on Monday, but the relief rally has done little to resolve Europe’s energy crisis ahead of the Northern Hemisphere winter.Alarmingly low NatGas storage levels at the start of the withdrawal season leave the […]