(Headline USA) President Donald Trump is promising more payments to voters just ahead of the Nov. 3 midterm elections — this time, to more than 20 million seniors, giving them $90 each to help pay for Medicare premiums.
The announcement, made late Friday night by Trump on social media, comes after...
(Headline USA) The Federal Reserve’s internal watchdog said Wednesday that the central bank has broadly mismanaged an expansive building renovation project but did not find any criminal violations, as alleged by Trump administration prosecutors.
A variety of missteps by the Fed's Board of Governors and staff inflated the cost of...
(Mike Maharrey, Money Metals News Service) You can file this under the category of "things I never thought I'd need to write."
Ladies and gentlemen, don’t give gold to a stranger in a Walmart parking lot, even if they say, “black bug!”
Yes, this happened.
In real life.
It started last April when...
(Mike Maharrey, Money Metals News Service) The Treasury market is in meltdown, and the sector propping it up could ultimately deepen the crisis.
The 10-year Treasury yield surged to 5.33 percent overnight, the highest level since 2002. Gold Newsletter publisher Brien Lundin called it “a bond bloodbath.”
The problem is nobody...
(Thérèse Boudreaux, The Center Square) The U.S. Senate failed to advance a bill Wednesday that would have banned congressional stock trading after every Democrat voted against it.
The Stop Insider Trading Act, introduced by Rep. Brian Steil, R-Wis., passed the House earlier this year with bipartisan support. It would bar...
(Money Metals News Service) On a recent episode of Money Metals Weekly Market Wrap, the Money Metals podcast, host Mike Maharrey spoke with Nomi Prins about higher interest rates, rising oil prices, Treasury market strain, and accelerating government debt. Prins argued that these forces continue to reinforce the case...
(Mike Maharrey, Money Metals News Service) Over the past week, officials have announced several measures, including a yuan-denominated gold futures contract, with the goal of further positioning Hong Kong as an international gold hub and raising the yuan's global status.
Earlier this summer, Hong Kong launched trial operations of a...
(Mike Maharrey, Money Metals News Service) The Treasury Department will buy back another $6 billion in long-term Treasuries today (Thursday, Sept. 24) as it continues efforts to tamp down rising yields.
Treasury Secretary Scott Bessent announced this second expanded buyback on Wednesday.
And once again, the markets shrugged.
The 30-year Treasury hit...
(Mike Maharrey, Money Metals News Service) Gold is on the path toward $10,000 an ounce. It’s not a matter of if, but when.
That’s the view of State Street Investment Management head of gold strategy Aakash Doshi. In an interview with Kitco News, he said investors should be thinking beyond...
(Headline USA) Twelve states and Hollywood writers challenging Paramount’s buyout of Warner Bros. Discovery agreed to settle their lawsuits on Monday, effectively paving the way for the $81 billion mega merger to cross the finish line, with some new commitments from the company. The blockbuster deal will still bring...
(Headline USA) A new lawsuit claims Anthropic, OpenAI, SpaceXAI and Google made an illegal deal to slow the pace of their respective AI development.
The lawsuit, which was filed Friday in the U.S. District Court for the Northern District of California, argues that the leading AI companies violated antitrust laws when...
(Mike Maharrey, Money Metals News Service) The Kevin Warsh-led Fed is all in on the inflation fight.
The question now is: how long will it last?
My guess is not very long.
As expected, the Federal Reserve nudged interest rates higher by 25 basis points.
More significantly, they forecast at least one more...