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Saturday, November 23, 2024

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CNN Host Has Meltdown as Kevin O’Leary Scolds $464M Trump Bond

(Luis Cornelio, Headline USA) CNN anchor Laura Coates became visibly upset during a live broadcast when Shark Tank host Kevin O’Leary criticized the business ramifications of the civil lawsuit against former President Trump and his company.  “What are you doing?” asked a seemingly frustrated Coates to a fired-up O’Leary during a...

The Fed’s Bank Bailout Program Is Closed! Now What?

(Mike Maharrey, Money Metals News Service) The Federal Reserve’s bank bailout program shut down on March 11. So, what next? The Fed created the Bank Term Funding Program (BTFP) after the collapse of Silicon Valley Bank and Signature Bank last March. The program was set up so banks could...

FBI Must Answer for $2,000 it Stole from Safe-Deposit Box, Judge Rules

(Ken Silva, Headline USA) A federal judge has denied the Justice Department’s motion to dismiss a lawsuit against the FBI over its illegal raid of hundreds of renters’ safe-deposit boxes in Beverly Hills—meaning that the bureau will have to answer questions about $2,000 that went missing from the raid. The...

Apple to Pay $490 Million to Settle Fraud Suit

(Headline USA) Apple has agreed to pay $490 million to settle a class-action lawsuit alleging CEO Tim Cook misled investors about a steep downturn in iPhone's sales in China that culminated in a jarring revision to the company's revenue forecast. The preliminary settlement filed Friday in Oakland, California, federal court...

Inflation Is Still Hot and the Fed Isn’t Willing to Tame It

(Mike Gleason, Money Metals Exchange) As inflation data comes in hotter than expected, markets are reassessing the outlook for rate cuts.  This week’s Consumer Price Index report showed the CPI rising 0.4% in February. That was the largest increase since last September. Higher gas prices and housing costs were major...

Janet Yellen Regrets Dismissing Inflation As ‘Transitory’

(Headline USA) Treasury Secretary Janet Yellen admitted this week that she regrets dismissing inflation as “transitory” back in 2021. “I regret saying it was transitory ," Janet Yellen told Fox Business correspondent Edward Lawrence. "It has come down," she continued, before launching into some Clintonesque semantic wordplay to qualify her mea culpa....

Oakland Businesses Threaten to Cut Off Taxes Until City Fixes Crime

(Headline USA) Business owners in Oakland, Calif., threatened this week to stop paying taxes until the city takes action to combat rising crime rates. José Ortiz, owner of La Perla Puerto Rican cuisine, said he and several other local entrepreneurs were rallying businesses in the area to agree to stop paying...

MAHARREY: The Recent Gold and Silver Rally Was Just the Beginning

(Mike Maharrey, Money Metals News Service) Gold just had quite a bull run, setting a new all-time high along the way. But Money Metals’ Midweek Memo host Mike Maharrey says this is just the opening act. If you enjoyed that, you’re really going to like the feature. In this episode,...

Price Inflation Is Sticky and That’s a Problem

(Mike Maharrey, Money Metals News Service) Price inflation is like the gum on the bottom of your shoe that you just can't scrape off. Or maybe it’s like a movie theater floor after a big premiere. It’s sticky. And that's a problem. The CPI data for February wasn’t anything to panic about....

Which Countries Produced the Most Gold in 2023?

(Mike Maharrey, Money Metals News Service) Where does the world’s gold come from? Mine output rose modestly by 1 percent in 2023 to 3644.4 tons, but it still hasn’t recovered to pre-pandemic levels. Gold production had flatlined even before the pandemic. After slowing for several years, gold mine output fell...

Ex-Google Engineer Arrested for Stealing AI Trade Secrets for China

(Dmytro “Henry” Aleksandrov, Headline USA) A former Google software engineer was indicted for stealing AI-related trade secrets while working for Chinese competitors seeking to gain an edge in the technological race. A federal grand jury in San Francisco charged Linwei Ding with four counts of trade secret theft, each punishable by...

Paper Gold Vs. Real Gold: It’s Important to Know the Difference

(Mike Maharrey, Money Metals News Service) When you’re considering investing in precious metals, you are confronted with many options. Silver or gold? Bars or coins? And what in the world is an ETF? Understanding the differences between an ETF and physical gold and silver is an important first step in...
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