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BEIJING, Oct 30 (Reuters) - Cities in central China hastily drew up plans to isolate migrant workers fleeing to their hometowns from a vast assembly facility of iPhone maker Foxconn (2317.TW) in COVI… [+2326 chars]

Cities in central China hastily drew up plans to isolate migrant workers fleeing to their hometowns from a vast assembly facility of iPhone maker Foxconn <a href="https://www.reuters.com/companies/2317.TW" target="_blank">(2317.TW)</a> in COVID-hit Zhengzhou …

Reuters

Chinese cities brace for wave of Foxconn workers from COVID-hit Zhengzhou - Reuters

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Bloomberg

Goldman Sachs Now Sees Fed Rates Peaking at 5% in March - Bloomberg

Liberals with verified Twitter accounts flooded the social media platform to take issue with the idea of billionaires purchasing social media companies, prompting their conservative critics to point … [+2821 chars]

Liberals on social media were slammed as hypocritical this week for criticizing Elon Musk's billionaire status while remaining silent on other influential billionaires.

Fox Business

Conservatives blast Musk critics saying billionaires shouldn't run media outlets: 'Stop attacking Bezos' - Fox Business

Oct 30 (Reuters) - China Southern Airlines Co Ltd (600029.SS) has cancelled plans for two Boeing Co (BA.N) 737 MAX flights on Sunday that would have represented the model's return to passenger flying… [+1162 chars]

China Southern Airlines Co Ltd <a href="https://www.reuters.com/companies/600029.SS" target="_blank">(600029.SS)</a> has cancelled plans for two Boeing Co <a href="https://www.reuters.com/companies/BA.N" target="_blank">(BA.N)</a> 737 MAX flights on Sunday th…

China Southern cancels planned return of Boeing 737 MAX flights - Reuters.com

WASHINGTON, Oct. 29, 2022 Foster Farms, a Farmerville, La. establishment, is recalling approximately 148,000 pounds of fully cooked frozen chicken breast patty products that may be contaminated with … [+2680 chars]

Usda.gov

Foster Farms Recalls Fully Cooked Frozen Chicken Patty Products Due to Possible Foreign Matter Contamination | Food Safety and Inspection Service - fsis.usda.gov

Lately Dogecoin (DOGE) has been behaving more like a greyhound and less like the Shiba Inu that represents the meme-based cryptocurrency.
The price of DOGE has increased 150% from $0.0594 to $0.15 s… [+1234 chars]

DOGE’s market cap currently exceeds that of Cardano and more than 120 members of the S&P 500.

CoinDesk

Dogecoin Replaces Cardano as 6th Largest Cryptocurrency - CoinDesk

Donald Trump adviser Kash Patel went after Elon Musk on Saturday after the Tesla CEO closed the deal to buy Twitter and fired top executives at the company earlier in the week. Patel accused Musk of … [+929 chars]

“Oh good, more moderation—thanks Elon, but that’s the oppsoite [sic] of free speech,” Kash Patel wrote on Truth Social—while promoting the Trump site.

Daily Beast

Trump Adviser Kash Patel Attacks Elon Musk's 'Moderation' Approach On Twitter - The Daily Beast

Google News

What’s the ‘worst’ Halloween candy? - The Hill

The past week offered a tale of two markets, with gains for the Dow Jones Industrial Average putting the blue-chip gauge on track for its best October on record while Big Tech heavyweights suffered a… [+6322 chars]

It's a tale of two markets as investors await a signal from the Federal Reserve on the pace of future interest-rate increases.

MarketWatch

The Dow soars, Big Tech tumbles: What's next for stocks as investors await Fed guidance - MarketWatch

RALEIGH, N.C. (WNCN) — A major company that tracks the availability of fuel issued an alert on Friday for a diesel fuel shortage in the Southeastern United States, including North and South Carolina.… [+1949 chars]

“At times, carriers are having to visit multiple terminals to find supply, which delays deliveries and strains local trucking capacity,” the supply alert said.

WBTW

Fuel company issues diesel shortage alert in North Carolina, South Carolina - WBTW

Nikita Bier worked at Facebook, now known as Meta, from 2017 to 2021.Getty Images
<ul><li>Nikita Bier, a cofounder of Gas, offered to work for Elon Musk as Twitter's VP of product. 
</li><li>Gas, a… [+2789 chars]

The cofounder of the viral social-media app Gas and a former Meta product manager previously help make tbh, a once popular app Facebook later bought.

Business Insider

The co-founder of social-media app Gas tells Elon Musk to hire him as Twitter's product chief - Yahoo Finance

Lebron James said the rise of hate speech on Twitter is "scary AF" and urged new Twitter owner and CEO Elon Musk to take the issue seriously. 
"I dont know Elon Musk and, tbh, I could care less who … [+2033 chars]

After reports of a rise in hate speech on the app, Twitter responded by saying the platform's content moderation rules on hateful conduct still remain.

Lebron James said he hopes Elon Musk will take Twitter hate speech seriously - Business Insider

Last week was a bad time to be a tech billionaire. When the pandemic drove the world online, the founders of Facebook, Google and Microsoft reaped wealth gains described as pornographic and cemented … [+5511 chars]

After the astonishing wealth earned during lockdown, investors fear times may never be as good again for Silicon Valley’s giants

The Guardian

Will plunging shares end big tech’s era of ‘pornographic’ profits? - The Guardian

This week in coins. Illustration by Mitchell Preffer for Decrypt.
Crypto markets unthawed this week for the first time in six consecutive weeks. Bitcoin (BTC) rose 8% over the past seven days and tr… [+2946 chars]

After a long streak of flat weeks, crypto markets appeared to unfreeze. Block-owned Cash App also expanded its crypto features.

Decrypt

This Week in Coins: Bitcoin and Ethereum See Green Shoots, Dogecoin Gets Musk Twitter Bump - Decrypt

Oil companies rake in huge profits amid consumer squeeze - The Hill

A year ago on Friday, Mark Zuckerberg made a huge bet on the metaverse, announcing his company's name change from Facebook to Meta.
The move has resulted in billions of dollars in losses for his com… [+6525 chars]

Two VR creators discuss trying to make money in Meta's Horizon Worlds when Mark Zuckerberg's big metaverse bet is losing billions of dollars.

CNBC

Meta is losing billions, but people are making real-life money in the metaverse: 'It's been an incredibly positive experience' - CNBC

Homebuyers are having a come to Jesus moment as mortgage rates now top 7% heres when things are expected to get better
The rate on Americas most popular home loan has topped 7% for the first time in… [+5252 chars]

Nationwide, the typical mortgage payment is up by $558 — about 40% — since the start of the year.

Yahoo Entertainment

Homebuyers are having a ‘come to Jesus’ moment as mortgage rates now top 7% — here’s when things are expected to get better - Yahoo Finance

The outcome of the midterm elections on Nov. 8 could disappoint investors, regardless of which party they support. 
According to Wall Street lore, stocks usually perform strongly following the midte… [+437 chars]

The Fed, not the politicians, will call the stock market’s tune. Shades of 1994, with some important exceptions.

Barron's

Don’t Expect the Stock Market to Rally, Even if GOP Wins Control of Congress - Barron's

Bitcoin (BTC) asleep for up to a decade is waking up this week as BTC price action sees six-week highs.
Data from on-chain analytics firm Glassnode shows some of the oldest dormant Bitcoin returning… [+2594 chars]

Bitcoin could see extended profit-taking if BTC price keeps rising, data suggests.

Cointelegraph

Bitcoin metric warns of $21K profit-taking as decade-old BTC wakes up - Cointelegraph

A historic rout in the bond market this year has resulted in the highest yields on municipal bonds in 15 yearsand what looks like an excellent buying opportunity.
At midweek, the muni market, as mea… [+205 chars]

A 5% muni now offers a tax equivalent yield of almost 8% for individuals in the top federal tax bracket.

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