Wednesday, May 27, 2026

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Buyers Fret as the Average Cost of a New Car Nears $50K

(Headline USA) After a few years of sharing a 2019 Chevrolet Trax, Dana Eble and Tyler Marcus are finally looking for a second car. But as they jump into the market, the young married couple isn't sure what they can afford. “I just keep seeing a lot of different aspects of...

Report: U.S. Added $1.2 Trillion to National Debt in Six Months

(Thérèse Boudreaux, The Center Square) The U.S. government added $1.2 trillion to the national debt over the past six months, borrowing $163 billion during March alone, the Congressional Budget Office reports. At the current rate of borrowing, federal deficits are on track to top $2 trillion by October, the end...

WATCH: More than $600 Million Stolen from SNAP in 2025

(Andrew Rice, The Center Square) About $607 million was stolen from EBT accounts in 2025, according to a new report. https://www.youtube.com/watch?v=f5aXHRYvaRw Propel, an EBT benefits tracking program, found large amounts of benefit theft from cards used as a part of the Supplemental Nutrition Assistance Program, or SNAP. Among people whose benefits...

Gold, Jobs, and the Story Behind France’s Move

(Money Metals News Service) In this episode of the Money Metals Midweek Memo, host Mike Maharrey opens with a simple but effective point. People often give one reason for doing something, and that reason may be true, but it may not be the whole truth. He uses a personal...

India Allowing Gold Futures to Back ETFs

(Mike Maharrey, Money Metals News Service) In what seems like a groundbreaking move, an Indian gold ETF is set to back its fund with gold futures contracts, as well as physical metal. ETF is an acronym for “Exchange Traded Fund.” In simplest terms, an ETF represents a basket of investments...

Gas Tops $4 in Florida

(Merrilee Gasser, The Center Square)  Drivers in Florida have gas prices above $4 per gallon for the first time in four years with crude oil prices rising almost 60% since the Iran conflict began, AAA says. Second-term Republican President Donald Trump put out a strongly worded warning on social media...

Africa’s Richest King Pushing to Boost African Gold Production

(Mike Maharrey, Money Metals News Service) Africa’s wealthiest king wants to get wealthier. Naturally, he’s looking for more gold. Managem Group, a Moroccan mining company owned by the royal family, recently announced a $750 million investment to increase gold production by 134 percent. Moroccan King Mohammed VI is the richest African leader,...

Oracle Filed 3,126 H-1B Petitions While Cutting Staff

(José Niño, Headline USA) Thousands of Oracle employees were told via email last Tuesday that the company had decided to eliminate their positions. "After careful consideration of Oracle's current business needs, we have made the decision to eliminate your role as part of a broader organizational change," the email stated, as...

Trump Set To Unveil His $1.5 Trillion Military Budget Request Amid Raging Iran War

(Dave DeCamp, Antiwar.com) President Donald Trump is expected to unveil his request for a $1.5 trillion military budget for the 2027 fiscal year on Friday, Reuters has reported, marking a 50% increase from this year’s already massive budget. The 2026 military budget marked the first to officially exceed $1 trillion,...

Chinese Gold Demand: A Tale of Two Sectors

(Mike Maharrey, Money Metals News Service) The Chinese gold market is a tale of two sectors. The jewelry sector is struggling due to high prices, while gold investment has been red-hot. According to Metals Focus, increasing safe-haven and wealth preservation demand have boosted gold investment. However, high prices and a reduced...

Uncle Sam’s Balance Sheet Looks Like Bankruptcy

(Money Metals News Service) In this episode of the Money Metals Midweek Memo, host Mike Maharrey opens with a stark thought experiment. He asks listeners whether they would lend money to a head of household earning $52,446 a year, spending $73,378, running a $20,932 annual deficit, and sitting on $1,361,788...

Don’t Be a Precious Metals Fool

(Stuart Englert, Money Metals News Service) Since it’s April 1st, it seems an appropriate time to look at the Top 10 reasons why it’s foolish to own gold and silver. 1) Despite persistently dire and gloomy headlines, all the world’s economic problems and financial woes, including excess currency creation, price...
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