Wednesday, June 10, 2026

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Florida Sues OpenAI

(Merrilee Gasser, The Center Square) Florida became the first state this week to sue OpenAI. The civil complaint against OpenAI and Chief Executive Officer Sam Altman accuses the company of deceptive practices and harms to Floridians. Specifically, the lawsuit alleges Altman prioritized commercial gain and ignored warnings that OpenAI's products could...

U.S. Adds 172k Jobs in ‘Strong’ May Report, Unemployment Remains at 4.3%

(Andrew Rice, The Center Square) The U.S. economy added 172,000 jobs in May's better-than-expected report while the unemployment rate remained at 4.3%, according to data released Friday by the U.S. Bureau of Labor Statistics. The unemployment rate has remained steady in the range of 4.3% to 4.5% since July 2025,...

AI Tool Reveals Pandemic Lockdown Impacts Worse Than Government Data Suggests

(Mike Maharrey, Money Metals News Service) A lot of people are feeling economic pain right now. As I recently wrote, the American consumer is broke, stressed, and buried in debt. However, the official government data doesn’t seem to reflect this pain. Sure, there’s some price inflation out there, but it’s not...

Inflation’s Comeback: Why the Fed May Be Losing the Fight Again

(Money Metals News Service) In this episode of the Money Metals Midweek Memo, host Mike Maharrey argues that reports of inflation's demise have been greatly exaggerated. Drawing on both recent economic data and historical parallels, he contends that the United States may be entering a second wave of a broader...

Under the Fed’s Tightrope All Roads Lead to Gold

(Mike Maharrey, Money Metals News Service) For months, I’ve argued that the Federal Reserve is in a Catch-22. Now, some more prominent people in the mainstream are echoing this warning. In a recent interview with Kitco News, Sprott Inc. President Ryan McIntyre said the Fed is “walking a tightrope” and has...

Alaska Ends All Taxes on Gold and Silver, Reaffirms Their Monetary Status

(Sound Money Defense League, Money Metals News Service) Today, Alaska enacted a bill that removes local sales taxes from purchases of gold and silver and reaffirms that the metals are constitutional money recognized by the state. Representative Kevin McCabe (R – Big Lake) and Senator Mike Cronk (R – Tok/Northway)...

Sound Money Defense League Applauds President Trump’s New Call for Fort Knox Gold Audit, Urges Immediate Action on Gold Reserve Transparency Act

(Sound Money Defense League, Money Metals News Service) Following President Donald Trump’s Truth Social post declaring “TIME TO AUDIT FORT KNOX,” the Sound Money Defense League today urged Congress to take immediate action on the Gold Reserve Transparency Act, which is pending in both the U.S. House and Senate. President Trump has now...

New Jersey City Faces Curfew after Violent Anti-ICE Demonstrations

(Chris Wade, The Center Square) A nighttime curfew remains in effect outside of a New Jersey ICE detention center Monday after days of violent confrontations with demonstrators that prompted Gov. Mikie Sherrill to deploy state police to restore order. Newark Mayor Ras J. Baraka enacted the 9 p.m. to 6...

Australian Prospectors Say Getting Gold Isn’t As Easy as It Looks!

(Mike Maharrey, Money Metals News Service) I want gold. But I don’t want to dig. When I was a kid, my mom used to tell me I’d better do my homework, or I would end up digging ditches for a living. In retrospect, there could have been worse fates than...

US Jobless Claims Rise to 215,000, But Layoffs Remain Low

(Headline USA) More Americans sought unemployment benefits last week, but layoffs remain low despite economic uncertainty caused by the Iran war. The Labor Department reported Thursday that jobless claims were up to 215,000, up from 210,000 the week before. The four-week moving average of claims, which smooths out week-to-week volatility, rose...

$40 Million in Gov’t Black-Budget Gold Seized from Ex-CIA Officer’s Home

(Ken Silva, Headline USA) A former senior CIA official has been implicated in a scheme to apparently steal some $40 million in gold bars that he has obtained from the government for unspecified “work-related expenses.” The ex-CIA official, David Rush, was arrested on May 19, a day after the FBI...

How Will Higher Import Taxes Impact Indian Gold and Silver Markets?

(Mike Maharrey, Money Metals News Service) Earlier this month, the Indian government hiked the import duty on precious metals from 6 percent to 15 percent in an attempt to moderate the country's trade deficit and support the rupee. How will this tax increase likely impact the gold market in India? Not as much...
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