(Mike Maharrey, Money Metals News Service) Since the Federal Reserve announced the resumption of quantitative easing (QE) in December, the central bank has expanded its balance sheet by over $200 billion.
During QE, the central bank buys U.S. Treasuries and/or mortgage-backed securities on the open market with money created out of thin...
(Ben Sellers, Headline USA) A prominent advocate for the Make America Healthy Again movement suggested that 7-Eleven’s closure of 645 underperforming North America locations may be linked to the Trump administration’s cutback of government-subsidies for unhealthy snacks.
“Wait it’s all fraud. Always has been,” said a meme accompanying the post...
(Ben Sellers, Headline USA) ABC News faced harsh criticism for boasting on Friday that a political ad by former President Barack Obama in support of Virginia Democrats’ gerrymandering campaign was a news “exclusive.”
The post on X has since been deleted, although the leftist news outlet still has its coverage...
(Money Metals News Service) In the latest Money Metals podcast, host Mike Maharrey welcomed back veteran market analyst Gregory T. Weldon for a sweeping discussion on precious metals, the U.S. dollar, geopolitics, inflation, and the growing disconnect between financial markets and economic reality.
Although the two last spoke in January, Greg Weldon joked that...
(Mike Maharrey, Money Metals News Service) Consumer spending is “under strain” according to a recent New York Times report. That’s bad news for an economy that depends on people buying stuff.
We see this consumer strain reflected in the slowing growth of consumer debt.
Consumer spending is the engine that drives the U.S....
(Headline USA) Netflix cofounder and chairman Reed Hastings will step down from the streaming service’s board of directors in June when his term expires, the company said on Thursday.
Hastings plans to focus on philanthropy and other pursuits. Hastings had served as Netflix’s CEO for more than 20 years until...
(Luis Cornelio, Headline USA) Bar discipline enforcement reached John Eastman, the legal scholar who questioned the legality of certifying the 2020 presidential election.
Eastman on Wednesday lost his final bid to salvage his California law license after the California Supreme Court declined to overturn a lower court ruling.
The action follows a...
(Headline USA) Convenience chain 7-Eleven expects to close hundreds of its locations this year.
According to earnings filings published last week, 7-Eleven's North American operator plans to close 645 stores in the 2026 fiscal year — outpacing the 205 locations it forecasts it will open during that same time.
Seven &...
(Liam Hibbert, The Center Square) Nevada has prepared a lawsuit to combat the voter ID legislation Congress is considering, the Nevada secretary of state told The Center Square.
Secretary of State Francisco Aguilar and other Democratic leaders in Nevada have spoken out against the potential law. They plan to sue...
(Headline USA) Oil prices are back above $100 per barrel, and stock markets are falling worldwide Monday after 21 hours of ceasefire talks between the United States and Iran failed to end their war.
But the moves are more modest than many of the extreme swings that have rocked financial...
(Bethany Blankley, The Center Square) The Texas House Committee on Administration on Friday voted to fine House Democrats who absconded during special legislative sessions last year. After a closed door hearing, the committee voted 6-5 along party lines to fine 53 House Democrats $8,354 each.
The decision came eight months...
(Money Metals News Service) In a rapidly shifting geopolitical environment, gold continues to demonstrate both its resilience and its complexity as a financial asset.
In a recent episode of the Money Metals Podcast, host Mike Maharrey spoke with Joe Cavatoni, Market Strategist for North America at the World Gold Council, to unpack...