MMN Editor

The French government is reportedly considering a so-called riot tax that would add the cost of frequent unrest to citizens’ insurance bills.
The post France to Impose ‘Riot Tax’ on Insurance to Pay for Damage of Islamo-Leftist Unrest appeared first on Breitbart.

Another weekend, another round of violence on the strife-torn streets of France. That was the grim forecast Friday as the country’s interior minister warned of a “very high risk of public disorder” across the coming 48-hours as some 70,000 police officers prepare for riots over the Halloween weekend.
The post France Prepares for ‘Very High’ Violence as It Braces for Halloween Riots appeared first on Breitbart.

The man Rep. Ilhan Omar (D-MN) wed in 2009 — who also appears to be her own brother — identifies as gay.
The post Nolte: Ilhan’s Omar’s Alleged Brother-Husband Identifies as Gay appeared first on Breitbart.

The Department of Justice (DOJ) has announced the arrests several foreign actors in connection with a “ghost student” scheme to defraud student aid programs of hundreds of thousands of dollars.
The post DOJ Targets ‘Ghost Students’ Receiving Millions in Federal Tuition Loans appeared first on Breitbart.

A little-known agency within the Department of Homeland Security (DHS) has ended a myriad legal giveaways to 2.2 million migrants welcomed by President Joe Biden.
The post DHS Citizenship Agency Reverses Biden Giveaways to 2.2 Million Migrants appeared first on Breitbart.

The latest migrant caravan, “Fe y Esperanza #2” is making made very little progress in its trek to reach the United States-Mexico border. At least four members of the caravan have been injured in fights that broken out within the group. Although no serious injuries have been reported, the incidents required the intervention of police and emergency personnel.
The post Fights Erupt Within U.S.-Bound Migrant Caravan as Northward Trek Moves Slowly Through Mexico appeared first on Breitbart.

Reddit Crashes As Weak User Growth Spooks Wall Street

Reddit shares crashed in premarket trading in New York after quarterly user numbers missed the Bloomberg consensus estimates and its revenue outlook disappointed. This sparked concerns about slowing search traffic and new plans to restrict platform access to users with accounts, as the CEO warned, “Google is crawling us as hard as ever.”Daily active users rose 12% to 130.3 million in the third quarter, below estimates of 133.53 million. US users fell 1.7% to 50.7 million, missing expectations of 53.5 million, while international users increased 24%.Bank of America internet analyst Justin Post commented on Reddit’s shift toward a logged-in experience, a major business-model transformation triggered by the rise of Google’s AI-powered search features, such as AI Overviews and AI Mode.Post explained:The user miss was driven by weaker search-referral traffic, which deteriorated further in Oct. If current trends persist, Reddit expects DAUs to decline low-double digits in 4Q.Reddit is pivoting marketing investment toward app installs and planning to test a logged-in-only experience internationally in 4Q.We would expect the transition to a logged-in user experience to last several quarters and impact headline traffic trends, but change could drive a higher quality, higher-monetization, user base and eliminate the Google traffic overhang (eBay is a good example of reducing Google traffic dependence).Separately, KeyBanc Capital Markets analyst Justin Patterson cut the stock to sector weight from overweight, saying search traffic had become a bigger headwind than anticipated.Citizens analyst Andrew Boone lowered his rating to market perform from market outperform after US user growth deteriorated and management warned that daily active users could fall by low double digits in the fourth quarter.Bloomberg Intelligence analyst Mandeep Singh warned that the login shift could curb referrals from search engines and AI platforms.What the Reddit CEO is saying (courtesy of Wall St Engine):”Google is crawling us as hard as ever.””The reality is the AI mode does not drive traffic. Not for us and not to anybody as far as I know.””It used to be a traffic driver. Now it’s not.””People still want Reddit. It’s just Google is not sending them to Reddit the way they used to.”CEO continued, saying Reddit isn’t counting on Google’s traffic returning:”We don’t control Google. We only control Reddit.””Google is teaching people that if you want to come to Reddit, you need to come to Reddit.”Reddit $RDDT CEO:“Google is crawling us as hard as ever.”“The reality is the AI mode does not drive traffic. Not for us and not to anybody as far as I know.”“It used to be a traffic driver. Now it’s not.”“People still want Reddit. It’s just Google is not sending them to…— Wall St Engine (@wallstengine) October 29, 2026
Reddit shares are down 24% in premarket trading in New York, marking their largest intraday decline since they began trading in March 2024.Wall Street analyst ratings compiled by Bloomberg:Falling US user numbers spooked Wall Street because Reddit earns substantially more per user in the US than internationally.
Tyler Durden
Fri, 10/30/2026 – 10:00

Intel Shares Crash Most On Record

Summary:Intel Shares Crash Most On RecordIntel Crashes 25% As “Surprisingly Severe PC Correction” Shocks Wall StreetShares CrashIntel shares cratered about 29.7% during regular US trading, marking their steepest intraday decline in Bloomberg data going back to 1982. The selloff eclipsed the August 2024 earnings collapse and the stock’s worst single-session drops during the Covid panic, global financial crisis, dot-com bust and 1987 crash.Earnings AI infrastructure stocks tumbled in premarket trading in New York after disappointing results from Amazon and Intel. Amazon is down about 7% following Thursday’s earnings report, as cash burn surged and weak guidance spooked investors.Shifting focus to Intel, shares are down 25% in premarket trading. If losses carry into the cash session and exceed 26%, the stock could be on track for its worst intraday decline in Bloomberg data going back to 1982.For traders just waking up to the Intel bloodbath on their terminals, Thursday’s outlook fell well below Bloomberg consensus expectations as weak PC demand and supply constraints overshadowed surging data-center sales.Intel expects fourth-quarter revenue of $15 billion to $16 billion, compared with analysts’ estimates of $17.05 billion. Adjusted earnings are projected at 25 cents a share versus expectations of 43 cents, while adjusted gross margin is forecast at 38%, below the 42.8% consensus.The weak outlook overshadowed third-quarter adjusted earnings of 52 cents a share, which beat estimates of 41 cents. Revenue rose 21% to $16.51 billion, roughly matching expectations.The results showed a massive divergence between Intel’s businesses: Data Center & AI revenue surged 78% to $7.32 billion in the third quarter, exceeding the $6.67 billion estimate. But Client Computing sales fell 5.1% to $8.10 billion, missing expectations of $8.82 billion.”Despite near-term headwinds affecting the broader PC industry, we continue to see robust demand for CPUs and more broadly, for all our computing platforms in the long term,” CEO Lip-Bu Tan said.CFO David Zinsner said, “Looking ahead, we see the PC slowdown continuing at least through the first half of next year.”Morgan Stanley analysts called the quarter a setback driven by a “surprisingly severe PC correction” and company-specific server issues. They also said, “Server CPU also slightly lower amid supply issues around the Israel fab accident and the ongoing substrate shortage.”Vital Knowledge analysts called the outlook “pretty horrible, and the stock will undoubtedly get crushed, although it would be much worse if Data Center/AI caused the weakness (it’s not) as opposed to PCs.””AI, which is why people are bulled up on INTC, is killing PCs, a business that still contributes a big chunk of the company’s top line, as the data center boom drives up the price of memory, causing ASPs to rise which is hurting demand,” Vital Knowledge analysts said.Citi semiconductor analyst Atif Malik offered clients his first take on the earnings and outlook:Intel reported strong beat in the Sep-Q but provided weak Dec-Q outlook due to: a) an accident-causing Fab 28 shutdown in Israel or ~$300M/~200bps revs/GM% impact in both Q4/Q1, b) weaker PC demand, and c) supply availability. Overall, we remain believers in Intel technology and Lip-Bu’s foundry vision but expect the debate on the stock to shift more towards Intel’s ability to unlock enough manufacturing capacity and external foundry customers fast enough to translate strong data center demand into earnings growth. We cut our CY26/27/28 EPS sharply ~27c/96c/$1.69 and lower TP to $100 on revised SOTP analysis. Keep Buy.Here is Goldman’s take:INTC: DCAI Revenues solid, but focus on PC weakness (and cautious forward commentary) driving 4Q guide below. Stock -25% in pre.Quarterly results were above the Street: Intel reported revenue of $16.5 bn, below GS at $17.0 bn and in line with the Street at $16.4 bn. Gross margin of 44.1% was well above GS at 42.7% and the Street at 41.9%. Operating margin of 19.6% was above GS at 17.9% and the Street at 16.5%. Reported non-GAAP operating EPS of $0.52 was above GS at $0.47 and the Street at $0.39. CCG revenue of $8.1 bn was below GS at $9.0 bn and the Street at $8.9 bn. DCAI revenue of $7.3 bn was above GS at $7.1 bn and the Street at $6.6 bn. Intel Foundry revenue of $6.7 bn was above GS at $6.1 bn and the Street at $6.0 bn. Datacenter CPU strength: Intel’s DCAI segment grew 17% QoQ   and 78% YoY, driven by strength in general-purpose server demand as well as   agentic AI. Going forward, Intel sees an accelerating server CPU market being   driven by agentic AI with sustained unit strength and higher ASPs – with   units expected to grow over 30% in 2026 and 2027 – and a TAM of ~$200bn by   2030. The company expects to see mid-teens sequential growth in DCAI for 4Q   as additional supply comes on line, as the company continues to run in a capacity   shortage position. Weakening PC market: Management pointed to a meaningfully weaker PC environment extending into 2027, with limited IT budgets, elevated   inventories and memory constraints weighing on demand. Intel expects 2026 PC   units to decline ~12%, followed by another ~10% TAM decline in 2027, with the   weakness skewed toward 1H as customers aggressively reduce purchases to align   inventory with consumption. Client revenue is expected to fall ~20% QoQ in   4Q, with the inventory correction extending through 1Q and potentially into   2Q, alongside normal seasonal pressure… 4Q guidance is well below the Street. Intel guided 4Q revenue and gross margin well below the Street. Revenue was guided to $15.5 bn at the midpoint, which is well below GS at $18.0 bn and the Street at $17.0 bn. Non-GAAP gross margin was guided to 38%, which is far below GS at 43.6% and the Street at 42.5%. Non-GAAP EPS was guided to $0.25 which is also below GS at $0.46 and the Street at $0.43. GIR full noteIntel shares plunged 25% in premarket trading. If losses exceed 26% by the close of the cash session, the decline could mark the stock’s worst single-day performance in Bloomberg data going back to 1982.Analysts tracked by Bloomberg have an average 12-month price target of $95.42.Read: “The Great Tech Unwind: Nasdaq Hits Make-Or-Break Levels.”
Tyler Durden
Fri, 10/30/2026 – 09:56

Authorities in Scotland are looking into visits to the King’s estate by Jeffrey Epstein and Ghislaine Maxwell as guests of Andrew Mountbatten-Windsor.

The time for clocks to fall back is coming on Sunday and dueling proposals in Congress aim to bring twice yearly clock changes to an end.