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Business/Economy (General/Chat)

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  • Dow is down over 1,000 points today,,,,

    11/05/2026 8:17:19 AM PST · by volare737 · 50 replies
    Dow is down over 1,200 points right now…l guess they got the news one day late….or maybe as someone said yesterday, just more noise…..lol
  • Nasdaq plummets into correction territory, Dow slides more than 1,000 points as traders dump tech stocks: Live updates

    11/05/2026 8:15:54 AM PST · by Red Badger · 20 replies
    CNBC ^ | November 05, 2026 | Sean Conlon Hugh Leask Lee Ying Shan Davis Giangiulio
    The Nasdaq Composite plummeted on Thursday, erasing the sharp gains from the previous session, as investors continued to rotate away from technology stocks and into more defensive areas of the market. The tech-heavy Nasdaq declined 4.9% and dipped into correction territory, trading more than 10% below a record set last month. The S&P 500 was down 3.2%. The Dow Jones Industrial Average shed 1,136 points, or 2.1%, as gains in stocks such as Chevron and Johnson & Johnson were not enough to spare the 30-stock index from the tech selling spree. The Dow erased more than half of its advance...
  • Buyers Remorse?

    11/05/2026 8:02:52 AM PST · by Raycpa · 11 replies
    Yahoo finance ^ | 11/05/2026 | Self
    Also, see Barrons.com
  • Democrats’ “Affordability” Hoax Comes into Full View

    11/05/2026 6:38:42 AM PST · by MtnClimber · 37 replies
    AMAC Newsline ^ | 5 Nov, 2026 | Shane Harris
    It didn’t take long for Democrats to drop the mask and reveal that they have no real intention of delivering on the “affordability” promises that filled their campaign ads. Their real agenda? Endless political witch hunts and pointless impeachments. It’s no secret that Democrats are downright giddy at the prospect of retaking full control of Congress. But what they seem to be most excited about is using their subpoena and investigatory powers to harass and frustrate not just President Donald Trump, but the entire executive branch, Big Tech executives, Republican donors, and anyone else who gets in their way. As...
  • Pre-election polls were close, within the margin of error.....

    11/05/2026 6:19:21 AM PST · by volare737 · 30 replies
    It is amazing how accurate the pre-election national polling proved to be. From ChatGPT, although not completely final yet, it showed nationally, the democrats got 55% of the vote compared to 43.6% for Republicans. That is a real landslide using the rule of thumb saying 10% margin is a landslide.Pre-election polling the day prior showed a projection of democratic lead of 8-9%. That is within the usual 3% margin of error, so the national polling was pretty darn accurate--the only error was that they UNDERESTIMATED the democrat vote, not the Republican! So remember that the next time everyone, and I...
  • Crude Oil Prices Plummet a Day After the Election (but It's Probably Just a Coincidence)

    11/05/2026 3:14:41 AM PST · by Merrick · 43 replies
    twitchy ^ | 04 November 2026 | Doug P
    One day after the midterm election, two economic-related things are happening. First, the stock market is having a really good day. Democrats and their media allies would like everybody to believe it's because that party will be taking control of the House and Senate, but the actual reason might be a bit different: The stock market is soaring today because the truth is most business people would rather politicians do nothing and with gridlock guaranteed for the next two years they will get their wish. — Clay Travis (@ClayTravis) November 4, 2026 Gridlock makes for a couple of years worth...
  • Hakeem Jeffries Is Bankrolled by the Most Controversial Tech Companies in Existence

    11/04/2026 8:33:19 PM PST · by anthropocene_x · 3 replies
    Futurism ^ | Nov 3, 2026 | Joe Wilkins
    For all the progressive excitement around the bruising beatdown delivered to Donald Trump and the Republican party, Jeffries’ own backers include some of the most notorious power players in the tech industry. Jeffries has a lengthy history of groveling to some of the most divisive tech and weapons corporations on the planet. His donor list includes controversial figures like Anduril CEO Brian Schimpf and his COO Matthew Grimm, who together spent nearly $150,000 boosting Jeffries’ fundraising committees. Some might recognize Anduril as the AI weapons tech corporation co-founded by Palmer Luckey, a tech billionaire whose recent projects include a company...
  • ‘DEI is back!’ screams California Dem after whining about losing tax vote he backed (Ro Khanna)

    11/04/2026 2:30:37 PM PST · by Libloather · 17 replies
    NY Post ^ | 11/04/26 | Sheetal Banchariya
    California Rep. Ro Khanna boasted about return of diversity, equity, and inclusion (DEI) after historic Democratic victories across the country Tuesday — while a high-profile wealth tax measure he championed looked headed for defeat at the ballot box. “Tonight, DEI is back as America celebrated diversity and inclusion,” the progressive Silicon Valley congressman bizarrely said in a video posted to X as election results rolled in on Election Night. “Likely three Black governors: the first Latina governor in Texas, the first Muslim American senator, the first gay senator. I love this America tonight,” Khanna added. His celebration came as the...
  • Hochul under pressure from DSA to ‘tax the rich’ immediately after winning second term

    11/04/2026 1:59:34 PM PST · by Libloather · 25 replies
    NY Post ^ | 11/04/26 | Carl Campanile, Vaughn Golden, Craig McCarthy, Haley Brown
    Socialists are moving immediately to squeeze Gov. Kathy Hochul on taxes — even as political insiders argue her re-election on Tuesday was owed more to anti-Trump backlash than to a surging left-wing in the Empire State. The Democratic Socialists of America’s New York City chapter — which saw a record-number of its members win election to the state Legislature — will turn up the heat on Hochul over hiking taxes on the wealthy and other issues, including expanding free childcare and raising the minimum wage. “I’m hopeful that Hochul has seen the energy, the excitement that can come from the...
  • After ‘one-two punch’ of storms, flooded southeastern Utah braces for a possible new threat

    11/04/2026 1:25:41 PM PST · by george76 · 8 replies
    Salt Lake Tribune ^ | Nov. 3, 2026, | Brooke Larsen
    A critical power structure near Bluff looks like a sinking Leaning Tower of Pisa after waves of floods have inundated southeast Utah over the past week. Now, as the area braces for another rise in the San Juan River, Bluff Mayor Josh Ewing is worried that a new surge could cause the damaged power pole to collapse. If it does, he said, hundreds of families in Navajo Nation communities to the south could lose power and Bluff could lose cell service for “a very long time.” Rains roared down washes in southeast Utah on Sunday and Monday, flooding Bluff’s post...
  • Election results AI question.

    11/04/2026 11:28:11 AM PST · by Magnum44 · 9 replies
    bing AI ^ | 11/4/2026 | Magnum44
    Presuming Trump has to veto everything from congress for the remaining two years of his term (i.e. no new budgets except CR’s), what does that mean given what was put in place with the BBB budget? What do planned budgets (and budget reductions) with CR’s mean for border enforcement, ICE deportations, defense spending, national debt, etc. I put the question I asked in 98 to AI: Operating under a “veto-everything” strategy for the remaining two years of President Trump’s term—relying strictly on Continuing Resolutions (CRs) to fund the government—would trigger a strict mechanism where federal agencies are legally bound to...
  • Gridlock Is Good

    11/04/2026 6:35:51 AM PST · by MtnClimber · 19 replies
    Issues & Insights ^ | 4 Nov. 2026 | I & I Editorial Board
    “Gridlock is the next best thing to having a constitution.” – M. Stanton Evans Now that the election is over, it’s time to ask if all the hyperventilating for the past year was worth it. Was this “the most important election in our history,” as so many have declared? We are entirely unconvinced. If all it does is produce gridlock in Washington, we will be happy, because the biggest threat to the country is when lawmakers are productive. To be clear, it would have been better if the GOP had kept their majorities, and we are deeply disturbed by the...
  • What is wrong with the (majority) of voters in Massachusetts?

    11/04/2026 6:11:11 AM PST · by millenial4freedom · 39 replies
    11/04/2026 | millenial4freedom
    I was optimistic because I've seen far more Minogue signs than Healey signs in my county, but I also tried tempering my expectations given we are stronghold for the most degenerate politicians....but seriously, WTF?? What has caused such apathy, ignorance, and delusion to befall the electorate in the last few decades?Many people in this state live fairly prosperously compared to those from other states...I just don't get the political mindset of these folks...RANT OVER
  • Stock market futures booming on Democrat tsunami…..

    11/04/2026 5:49:30 AM PST · by volare737 · 66 replies
    It is shocking that stock market futures are booming,,,up over 1,000 points! Who would ever dreamed that? Unbelievable.
  • Vanity: Now We Reap What's Been Sowed - 2026 Mid-Term Election

    11/04/2026 4:02:21 AM PST · by MikelTackNailer · 70 replies
    self ^ | November 4, 2026 | Mikel Tacknailer
    Where to begin when it seems it's the end? This 2026 Republican loss of both House AND Senate was totally preventable and inexcusably unconscionable. The blame is fairly evenly spread but the fact remains that this should never have happened at a time when America's enemies, foreign and domestic, were on the ropes gasping their seeming last breaths after the best President we've had since Reagan overcame all obstacles to finish them off - using up the last of his mortal lifetime to do so. Not that Donald Trump is blameless. We've seen the signs of diminishment that advanced age...
  • Florida Amendment 3 is approved, deciding major property tax changes for homeowners

    11/03/2026 9:53:41 PM PST · by srmanuel · 7 replies
    CBS News ^ | 11/4/26 | Sergio Candido
    Despite a huge media campaign against the passing of this Amendment, it passed with 62% of the public approving. The Amendment will raise the Homestead Exemption from $50,000 now to $150,000 next year and $250,000 the following year and index to inflation after that. It will cap non-homestead property at 5% instead of the 10% now. Public education property taxes are unaffected by this amendment. It requires that police, fire and public safety services be funded first. Every other Statewide Race in Florida was extremely close; this Amendment was supported by voters across both political parties. What has happened here...
  • New York dog moms are lavishing pooches with $100k-a-year luxury retreats and themed birthday parties

    11/03/2026 1:16:03 PM PST · by Libloather · 35 replies
    NY Post ^ | 11/03/26 | Heather Stein
    Bubble baths are underway. Dinner is made to order. The daily itinerary? Naps, training sessions and facials. Outside, a happy pack tears around fenced-in play areas as staff keep watch from offices overlooking the grounds. The guests are dogs. And this is their country escape. On a sunny afternoon at Far Fetched Acres in the Hudson Valley, one eager pup worked through a training session while others mingled in thoughtfully matched playgroups. Inside the custom-built, 10,000-square-foot postmodern barn, lavender-scented air sets the mood. Each dog has a personalized cubby stocked with food, medications, toys and detailed instructions from home. The...
  • Ilhan Omar claims Trump has ‘creepy obsession’ with her as DOJ probe into ‘sham marriage’ hits fever pitch

    11/03/2026 12:51:28 PM PST · by Libloather · 22 replies
    NY Post ^ | 11/03/26 | Steven Nelson
    WASHINGTON — Rep. Ilhan Omar (D-Minn.) claimed in a new interview that President Trump has a “creepy obsession” with her and is spreading “conspiracy theories” — likening the federal inquiry into her alleged immigration fraud to questions about former President Barack Obama’s birthplace. The Somalia-born progressive is under investigation by the Justice Department, which could yank her US citizenship if issues are found with her 2000 naturalization papers. The Obama DOJ previously investigated her 2009 marriage to her alleged brother, Ahmed Elmi. “Trump has an unhealthy and creepy obsession with me. I represent everything Trump and today’s Republican Party seem...
  • Undermine Monopolies from the Base Up

    11/03/2026 11:57:49 AM PST · by CharlesOConnell · 7 replies
    Dissident News | 11-03-2026 | Charles Oconnell
    Please Give Your Suggestions for Sticking it to: The Trillion Pound Gorilla of Sales -- you know the one. It isn't actually in the biz of making money. How's that? It's in the biz of accruing power to itself. I have two orders coming in today, they delivered 1 separately from the others, they'll send the other one separately, this when diesel is rising, they have a separate slave driving the 2nd truck. So, what? Riddle me this one, Batman. 2nd triangulation position: Their idiotic A.I. -- the clue is, when it starts accusing you of being "frustrated", you know...
  • Time to Get Prepared? AI Cyberattacks Could Literally Turn off Our Electricity and Cause an Extended Blackout at Any Moment

    11/03/2026 10:04:37 AM PST · by fella · 29 replies
    Economic Collapse Report ^ | 3 November 2026 | Michael Snyder
    We live at a time when we are facing a relentless wave of AI cyberattacks, and they are becoming insanely sophisticated. On Monday, refrigeration units in supermarkets all over Europe were successfully attacked. But I am not going to talk about that today. In this article, I am going to talk about the sort of AI cyberattack that could turn off your electricity for an extended period of time. This is not a theoretical threat. Hackers have been repeatedly attacking Internet-exposed programmable logic controllers in recent months, and a successful attack could potentially plunge a large portion of the country...