Wednesday, September 17, 2025

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Dow Hits Record High after Fed Chair Hints at September Rate Cuts

(Morgan Sweeney, The Center Square) The Dow Jones Industrial Average clinched a record high Friday for the first time this year hours after Federal Reserve Chair Jerome Powell hinted that the Fed may soon lower interest rates. The Dow climbed 846 points, or 1.89%, from Thursday’s close to an all-time...

Report: Eric Adams Once Handed a Reporter a Potato Chip Bag w/ Cash Inside

(Headline USA) A longtime adviser to New York City Mayor Eric Adams who resigned from his administration while under FBI scrutiny gave a reporter a potato chip bag filled with cash Wednesday following a campaign event, a gift her lawyer later insisted wasn’t an attempted bribe. The local news site The...

Dem. Leader w/ Record of Stock-Market Success Bets Big on Israeli 3-D Printing

(Ben Sellers, Headline USA) A recent analyst downgrade that sent stock Stratasys tumbling did not deter Rep. Debbie Wasserman Schultz, D-Fla., from buying the dip on the Israeli 3-D printing manufacturer. Given the Florida lawmaker’s role as ranking member of the military construction subcommittee of the House Appropriations Committee, that...

Data Discrepancy Highlights Difficulty of Tracking Chinese Gold Reserves

(Mike Maharrey, Money Metals News Service) According to Canadian customs data, coal, canola, and petroleum rank as the country’s top exports to China. But Chinese records tell a different story. Based on China’s data, gold is the top Canadian import. This discrepancy underscores the difficulty in tracking Chinese gold reserves. Based...

Money Metals Secures $70 Million to Expand Its Gold-Backed Loan Service

(Money Metals News Service) Money Metals today announced the acquisition of $70 million in total equity and debt capital to expand its program, giving businesses and investors access to low-interest financing secured by their physical gold and silver. "Accessing cash liquidity without selling precious metals and getting stuck with a...

Another Gold Rush Could Bring Open Pit Mines to South Dakota’s Black Hills

(Headline USA) A gold rush brought settlers to South Dakota's Black Hills roughly 150 years ago, chasing the dream of wealth. Now, a new crop of miners driven by gold prices at more than $3,000 an ounce are seeking to return to the treasured landscape, promising an economic boost while raising...

Announcing the 2025 Sound Money Legislators of the Year

(Sound Money Defense League, Money Metals News Service) One of America’s largest national precious metals dealers and the nation’s leading sound money public policy group today recognized two outstanding state lawmakers for their leadership in advancing sound money policies in 2025. Money Metals Exchange, Sound Money Defense League, and Sound Money Foundation are...

Gold Loans, Buying, and Storage in the USA – A Complete Guide for the Indian Community

(Money Metals News Service) For generations, gold has been more than a metal for Indians — it’s a cherished symbol of prosperity, a key part of wedding traditions, and a store of value passed down through families. From Akshaya Tritiya purchases to wedding dowries, gold holds emotional and financial...

California Spending Up 50% Per Capita Since 2019

(Kenneth Schrupp, The Center Square) California’s annual state spending is up 50% per capita, or $106.3 billion, since 2019, the first year Gov. Gavin Newsom took office, highlighting the state’s growing budget woes. According to taxpayer advocates, the state government has increased spending, despite the state’s constitutionally-mandated balanced budget requirement,...

Trump Confirms Nvidia Chip Agreement

(Andrew Rice, The Center Square) Nvidia will pay the United States 15% of the money it makes from selling artificial intelligence chips to China, President Donald Trump said in a press conference on Monday. Trump said he allowed Nvidia CEO Jensen Huang to sell H20 chips to China while the...

Consumer Borrowing Continues to Sag Signaling Economic Pain on Main Street

(Mike Maharrey, Money Metals News Service) For the second straight month, consumer borrowing was weak, indicating Americans might be close to their credit limits. Over the last several months, credit card spending has dropped, signaling that Americans may be running out of borrowing power. This is bad news for an...

Judge Blocks Beto’s Shady Fundraising for ‘Runaway’ Dems

(Luis Cornelio, Headline USA) A Texas judge has temporarily blocked Beto O’Rourke’s shady fundraising campaign to bankroll “runaway Democrats”—the group of state legislators who fled Texas to stall redistricting efforts. On Friday, Tarrant County District Judge Megan Fahey issued a temporary injunction against O’Rourke and his group, Powered by People, barring them...
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