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Tuesday, November 5, 2024

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As Trump Rises, Embattled Powell May Use Rate Cuts to Boost Biden

(Headline USA) With former President Donald Trump having already announced last month that he would not keep Jerome Powell as Federal Reserve chairman, Tuesday's GOP primary blowout may have given Powell all the evidence he needed that it wasn't the right time to cut interest rates and jumpstart the...

Wall Street Firms, Woke Corporations Abandon DEI amid Lawsuit Panic

(Molly Bruns, Headline USA) Facing mounting concerns over the threat of lawsuits, several major financial firms on Wall Street, as well as other top companies, have started rolling back their diversity, equity and inclusion practices---welcoming white, male employees and others who had previously been excluded, according to Bloomberg. Reports indicated that...

Gold Futures Close at Record High

(Mike Maharrey, Money Metals News Service) Gold future prices closed at a record high level on Friday with renewed hope that the Federal Reserve will begin easing off interest rates sooner rather than later. Gold for April delivery rose by $41 on Friday, a 2 percent gain, settling at $2095.70....

Musk’s AI to Hold Politicians Accountable for Spending Sprees

(Luis Cornelio, Headline USA) Twitter owner Elon Musk might soon provide a remedy to expose Congress's efforts to secretly push through large pieces of legislation without allowing Americans to scrutinize and review their contents.  Musk announced on Monday that his artificial intelligence chatbot, Grok, will feature the capability to summarize what...

New York Lawmakers Weigh $500M Fund for Unemployed Illegals

(Christian Wade, The Center Square) New York lawmakers are considering a Democratic proposal that would create a new multibillion-dollar fund to provide unemployment benefits for illegal immigrants. The proposal, which is currently before the state's Senate Finance Committee, would create a $500 million trust fund to pay jobless benefits for workers...

Could Weaponization of the Dollar Accelerate De-Dollarization?

(Mike Maharrey, Money Metals News Service) You can effectively use a stick to keep people in line. But you might find yourself in trouble if they pick up a bigger stick. The United States could be in danger of finding this out the hard way. The U.S. government uses the dollar’s...

Fed Chair Tight-Lipped on Foreign Nations’ Evacuation of Gold from U.S.

(Ken Silva, Headline USA) Concerned about a weaponized financial system, many countries have signaled plans to remove their gold and other assets from the U.S. in the wake of the unprecedented Western sanctions imposed on Russia over its invasion of Ukraine. And at least one congressman is demanding answers from...

Contractor Paid Billions by Fed. Gov’t to Host ‘White Fragility’ Book Club

(Dmytro “Henry” Aleksandrov, Headline USA) It was reported that a federal contractor that received over $5 billion taxpayer dollars since Joe Biden stepped into the Oval Office in 2021 will host Critical Race Theorist Robin DiAngelo as a keynote speaker and sponsor book clubs on her anti-white books. In its internal...

Corporations Slow Price Hikes Due to Consumer Habits, Need to Assist Biden

(Headline USA) Inflation has changed the way many Americans shop. Now, some hope, those changes in consumer habits are helping bring down inflation. However, some prices will remain obstinately high---if not permanently so---as Treasury Secretary Janet Yellen has acknowledged, due to the Biden administration's slow reaction in addressing the issue,...

BuzzFeed Goes Broke, Sells Complex for $108.6M, Announces Layoffs

(Dmytro “Henry” Aleksandrov, Headline USA) BuzzFeed announced that it will lay off dozens of employees after selling Complex, just a little more than two years after buying the business. According to BuzzFeed's Feb. 21, 2024, press release, the sale will form a “new and wide-ranging destination for the future of commerce...

Soros-Backed Vice Media Is the Latest Leftist Outlet to Shut Down

(Jacob Bruns, Headline USA) Vice Media, a leftist outlet backed by globalist oligarch George Soros, is set to temporarily shut down operations, laying off hundreds of staffers and ceasing online publication, CNN reported. According to reports, the failing media company will undergo “fundamental changes” to its “strategic vision” as it...

Bad Commercial Real Estate Loans Put Strain on Banking System

(Mike Maharrey, Money Metals News Service) The commercial real estate market continues to deteriorate in this high-interest rate environment, putting stress on the banking system. The dollar amount of bad commercial real estate loans has ballooned beyond the loss reserves held by big banks to cover them as more and...
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