Reports say Walt Disney is poised to lay off thousands of workers. The news, however, did not move its languishing stock on Tuesday.
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- Decoding Microsoft's AI workforce shake-up: Are more layoffs coming?
Microsoft has offered voluntary exit and retirement plans, which the speaker notes is not the first time (a similar program was run in 2021), aiming to trim its workforce, especially in president, vice president and management roles where some work can be done by AI. The company has about 223,000 employees. The speaker said revenue per employee keeps rising at Microsoft and Meta as headcount falls, and that Meta's workforce was down about 12% year over year in its latest earnings report. The speaker expects outright layoffs next year and says sequential quarterly growth in Azure is the metric to watch when Microsoft reports earnings.
- Netflix Falls 3% as Peter Rice Takes Over Content After Layoffs; Disney and Spotify Hold Steady
Netflix shares fell 3% to $70.35 in morning trading, leaving them down 25% year to date, after the streamer named Peter Rice chief content officer to succeed Bela Bajaria, who is leaving after nearly a decade. Rice, who previously ran general entertainment at Disney and oversaw ABC, FX and Hulu, takes over later this month, one day after Netflix decided to cut roughly a thousand jobs in its largest layoff round in four years. Disney and Spotify were near flat at $110.71 and $533.77, while the Communication Services ETF (XLC) rose 0.4%. The article says the bull case rests on Rice's operating record and a lower cost base, while the bear case points to slowing growth and execution risk in Netflix's most important division. Rice's first programming approvals could offer the earliest read on his direction.
- Warren Buffett warning : Is a US stock market crash coming : Warren Buffett stock market warning : Could record highs signal a crash ? Here what history reveals about what comes next
- Investors Just Got Bad News From the Federal Reserve . Here What History Says Comes Next .
The Fed has hiked once so far, but futures are pricing in three more quarter-point increases by mid-2027, while the S&P 500 remains near all-time highs on AI-driven earnings growth. Rate hikes take months to filter through the economy, and the biggest risk is that the Fed keeps rates higher for longer, as its latest minutes suggest. Historically, stocks held up during the 1994 and 2004–2006 tightening cycles but fell sharply in 2022, when the Fed's response came too late. The author judges buy-and-hold the best approach for investors with a horizon of 10 years or more, and notes that broad index funds like the Vanguard S&P 500 ETF still carry about 40% in tech and 40% in the 10 largest companies. The article adds that the outcome will depend on AI capex, inflation trending toward 4% and historically low consumer confidence.
- Investors Just Got Bad News From the Federal Reserve. Here's What History Says Comes Next.
The Fed has raised rates only once so far, yet futures are pricing in three more quarter-point hikes by mid-2027. Long-term yields are starting to stabilize and the S&P 500 is near all-time highs on AI-driven earnings growth, but the latest Fed minutes point to keeping rates higher for longer. Historically, aggressive hikes in 1994 left the S&P 500 with a small return that year before a strong rally the following year, while tightening of more than four percentage points from 2004 to 2006 still produced positive returns. In 2022, however, both stocks and bonds fell sharply as the Fed responded too late. The author suggests buy-and-hold may be the most suitable approach for investors with a horizon of 10 years or more, and notes that funds such as VOO still hold about 40% in tech and 40% in the 10 largest companies, which could leave portfolios exposed to a correction.
- Big banks show clean credit, but investors fear what comes next
Wall Street's biggest banks reported no sign of credit strain in the third quarter, but shares of JPMorgan Chase and Citigroup fell Tuesday as investors looked ahead to long-end yields rising faster than short-term yields, a pattern that typically precedes higher credit risk. Provisions for credit losses fell 19% from a year ago to $2.74 billion, and net charge-offs of $2.2 billion were down more than $300 million. Analysts were more measured on earnings: Jefferies called JPMorgan's quarter mixed, with fixed income revenue below estimates, while Goldman Sachs beat on investment banking and Citigroup was rated positive, with net interest income of $16.98 billion and a 12% dividend increase to $0.67. Morgan Stanley, Bank of America and BlackRock report Wednesday morning.
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- SLV Crashes To Near 52-Week Lows, GLD Falls Pre-Market – World Gold Council Cuts 2026 Gold Investment Forecast By Half
Gold and silver fell sharply as investors weighed the U.S. midterm elections, Middle East tensions and a rebound in oil prices; SLV dropped 3.2% to its lowest in nearly 52 weeks, while GLD slipped over 1.1% in pre-market trading. January 2027 gold futures fell 1.4% to $3,929.80 per ounce, and silver contracts due in January 2027 dropped 3.8% to $49.20 per ounce. Saxo Bank's Ole Hansen said gold was sold again near $3,970 an ounce, a former support level that has become resistance, pointing to fragile sentiment. KCM Trade's Tim Waterer said a convincing move above $4,000 an ounce would signal improving momentum, and warned that a tech selloff driven by regulatory pressure could spill over into gold as positions are cut to cover losses. The World Gold Council cut its 2026 full-year gold investment demand forecast to 200 metric tons from 400 MT, as demand for bars and coins fell 19% in the third quarter.
- Midterm elections could jolt stocks if Democrats sweep Congress
The stock market is not yet pricing in a Democratic sweep of Congress, though polls and most prediction markets point that way, investors and analysts said. JPMorgan sees a blue wave knocking the S&P 500 down about half a percent on Wednesday, while a Republican hold could spur a short-term rally. A Democratic win, especially in the Texas governor race, could add pressure to AI stocks over possible data center restrictions, while defense stocks could face spending limits and healthcare may benefit. Stocks have historically tended to rise after midterms, but some worry the S&P 500's strong 2026 gains could break that pattern.
- Prediction: At 1.6 Million Robots, Optimus Is “Greater Than the Revenue From Tesla.” Musk Sees 625x That
Venture capitalist Dave Blundin said on the Moonshots podcast that Optimus robot revenue could exceed Tesla's own revenue if the company builds 1.6 million robots a year, while Elon Musk has predicted well over a billion humanoid robots within 10 years. At $30,000 a robot, Tesla would need to sell about 4 million Optimus units to match the $122 billion in revenue analysts expect for 2027, while the company expects first deliveries to outside customers around the end of 2027. Tesla trades at 187x forward earnings, compared with a five-year average of 108x, and its latest quarterly GAAP operating margin was 2.6%. The author says he would want to see Optimus shipping to outside customers before paying for the stock's current valuation.
- Google Recently Warned That Quantum Computers Could Crack Bitcoin. Now It's Selling Protection.
On Oct. 28, Google Cloud previewed a new crypto custody system aimed at banks offering crypto products to clients. Its Multi-Party Compute (MPC) service splits each private key into fragments stored on separate systems; hacked or illegally obtained private keys accounted for 43.8% of crypto stolen in 2024, per Chainalysis, and commercial launch is planned for early 2027. Google Cloud revenue rose 103% year over year to $30.7 billion in the third quarter, but the author sees little reason MPC will meaningfully benefit Alphabet, given unknown pricing and many competitors. The article also notes MPC does not stop attacks that work backward from public keys, which expose more than 6 million bitcoins, almost 29% of the supply, held in wallets with exposed public keys.
- Binance's net inflows turn positive at $2.3B as withdrawals expand
Binance recorded $2.3 billion in net inflows over the past 24 hours, reversing Monday's outflows of more than $7 billion, as it expanded withdrawals after the $6.3 billion hack on Thursday. Binance led centralized exchanges tracked by DefiLlama; Bitfinex saw about $280 million and Bitget about $127 million. Binance said hourly deposits exceeded withdrawals by 03:00 UTC. The exchange had suspended withdrawals on Friday, began restoring them at 06:00 UTC on Sunday, and said it had replaced about 95% of the affected assets, with the remaining 5% being less liquid tokens. It pledged to cover the losses using company resources and protection funds without passing them on to customers. The FBI attributed the attack to North Korea, which denied responsibility on Tuesday.
- Azimut Undertakes New Mineral Resource Estimate on the Patwon Gold Deposit, James Bay Region, Québec
Azimut Exploration is preparing a new NI 43-101 mineral resource estimate for the Patwon gold deposit on its Elmer Property in Québec's James Bay region, using results from its 2026 diamond drilling program and the current higher gold price. The 2026 program drilled 10 holes totaling 5,407.05 metres, shorter than the planned 10,000 metres due to severe winter conditions, and intersected additional gold mineralization near the current resource shell. Norda Stelo is preparing the update, expected by the end of 2026; the 2023 estimate at US$1,800 per ounce reported 311,200 ounces indicated and 513,900 ounces inferred. The Elmer structural corridor spans 43 kilometres, including a gold anomaly 3.6 kilometres to the east grading up to 583 g/t Au. Azimut is also advancing its Wabamisk project, where significant drilling is planned for later this year and in 2027.
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