Saturday, November 8, 2025

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Trump Media Files for ‘Crypto Blue Chip ETF’ With SEC

(Headline USA) President Donald Trump continues to expand his crypto-related offerings, this time with a planned exchange-traded fund tied to the prices of five popular cryptocurrencies. Trump Media & Technology Group, a Florida company that operates the Truth Social media platform, announced Tuesday it had filed paperwork with the Securities and...

Fed Chair Powell Accused of Lying to Congress About Luxurious HQ Renovations

(Mike Maharrey, Money Metals News Service) The Federal Reserve’s Washington, D.C. headquarters is getting an expensive facelift, and it appears Fed Chairman Jerome Powell lied about it to Congress. According to reporting by the New York Post, the cost of the taxpayer-subsidized renovation approved in 2019 has ballooned by nearly 32 percent....

Hong Kong Investors Have Nearly Tripled Their Gold Holdings

(Mike Maharrey, Money Metals News Service) While many Western investors still haven’t hopped on the gold bandwagon, Asian investors have been piling up yellow metal. For example, affluent Hong Kong investors have nearly tripled their gold holdings over the last year. According to an HSBC survey, Hong Kong residents with $100,000...

New Law Banning Foreign Ownership of Texas Land Goes into Effect Sept. 1

(Bethany Blankley, The Center Square) As foreign espionage threats continue in the U.S. and in Texas, a new bill becomes law Sept. 1 that prohibits foreign ownership of Texas land. SB 17, filed by state Sen. Lois Kolkhorst, R-Brenham, passed the Texas legislature with bipartisan support and was signed into...

Paramount to Pay $16 Million for Doctoring Kamala Harris Interview

(Headline USA) Paramount has agreed to pay $16 million to settle a lawsuit by President Donald Trump for doctoring CBS' “60 Minutes” interview with then-Vice President Kamala Harris in October. Paramount, which owns CBS, said the money will go to Trump’s future presidential library, not to the Republican president himself. It...

More Than 300 Charged in $14.6 Billion Healthcare Fraud Schemes Takedown

(Headline USA) State and federal prosecutors have charged more than 320 people and uncovered nearly $15 million in false claims in what they described Monday as the largest coordinated takedown of health care fraud schemes in Justice Department history. Law enforcement seized more than $245 million in cash, luxury vehicles, cryptocurrency,...

Republican Senate Tax Bill Would Add $3.3 Trillion to the US Debt Load, CBO Says

(Headline USA) The changes made to President Donald Trump's big tax bill in the Senate would pile trillions onto the nation's debt load while resulting in even steeper losses in health care coverage, the nonpartisan Congressional Budget Office said in a new analysis, adding to the challenges for Republicans as they try to...

Elon Musk Renews His Criticism as Senate Mulls ‘Big Beautiful Bill’

(Headline USA) Billionaire Elon Musk on Saturday doubled down on his distaste for President Donald Trump's sprawling tax and spending cuts bill, arguing the legislation that Republican senators are scrambling to pass would kill jobs and bog down burgeoning industries. “The latest Senate draft bill will destroy millions of jobs...

Gavin Newsom Launches $787 Million Legal Attack on Fox News

(Luis Cornelio, Headline USA) California Gov. Gavin Newsom sued Fox News on Friday over what he claimed were defamatory remarks about his phone call with President Donald Trump before the deployment of the National Guard in the Golden State.  Newsom claimed Fox News host Jesse Watters mistakenly accused him of lying about Trump...

New Fannie Mae Rules to Allow Cryptocurrencies to Underpin Mortgage Applications

(Headline USA) The head of the federal government agency that oversees Fannie Mae and Freddie Mac wants the mortgage giants to consider accepting a homebuyer's cryptocurrency holdings in their criteria for buying mortgages from banks. William Pulte, director of the Federal Housing Finance Agency, which oversees Fannie and Freddie, ordered the...

Treasury Hits 3 Banks w/ Sanctions over Alleged Cartel Money Laundering

(Brett Rowland, The Center Square) The U.S. Treasury Department on Wednesday slapped sanctions on three Mexican-based banks that it said were used to launder millions of dollars for cartels. The move, officials said, would cut the banks off from the U.S. financial system. Treasury's Financial Crimes Enforcement Network identified three Mexico-based...

GOP Plan to Sell More than 3,200 Square Miles of Federal Lands is Found to Violate Senate Rules

(Headline USA) A plan to sell more than 3,200 square miles of federal lands has been ruled out of Republicans’ big tax and spending cut bill after the Senate parliamentarian determined the proposal by Senate Energy Chairman Mike Lee would violate the chamber’s rules. Lee, a Utah Republican, has proposed selling...
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