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Wednesday, November 6, 2024

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OpenAI: Musk Agreed ChatGPT-Maker Should Become For-Profit

(Headline USA) Elon Musk supported making OpenAI a for-profit company, the ChatGPT maker said, attacking a lawsuit from the wealthy investor who has accused the artificial intelligence business of betraying its founding goal to benefit humanity as it pursued profits instead. In its first response since the Tesla CEO sued last...

Fed Pressured to Cut Rates as Key Indicator Signals ‘Recession Ahead’

(Stefan Gleason, Money Metals News Service) The mainstream financial media is reporting that inflation is coming down. It’s not coming down to the Federal Reserve’s supposed 2% target – let alone low enough to cease being a persistent problem for millions of families. Nor is it even clear that the...

Apple Won’t Be Making Electric Cars

(Dmytro “Henry” Aleksandrov, Headline USA) Apple recently revealed that it ended its decade-long pursuit to enter the electric vehicle market after wasting billions of dollars. One of the reasons why Apple pulled the plug was that the company was spending a lot of money while trying to catch up to Elon...

Inflation Is Still Gobbling Up Your Paycheck

(Mike Maharrey, Money Metals News Service) While your paycheck might be a little fatter, you’re actually earning less because price inflation continues to gobble up your paycheck. As pundits and politicians slice and dice various inflation reports, debating whether or not the Fed has finally tackled inflation, things aren’t getting...

House Oversight Committee Investigates Legality of ESG Polices

(Casey Harper, The Center Square) The Republican-led House Oversight Committee is launching an investigation into how large investors' woke policies are impacting Americans. House Oversight Chair Rep. James Comer, R-Ky., sent a letter this week to Board of Governors of the Federal Reserve System General Counsel Mark Van Der Weide...

GOP Reps. Introduce Legislation to Restrict Tracking of Gun Purchases

(Ken Silva, Headline USA) Three House Republicans have introduced a bill that would restrict corporations and government agencies from tracking gun purchases made by law-abiding Americans. The Protecting Privacy in Purchases Act—introduced last week by Rep. Elise Stefanik, R-N.Y., alongside Reps. Richard Hudson, R-N.C., and Andy Barr, R-Ariz.—would ban the...

Electric Vehicles’ Success May Rely on Renters, but Little Incentive Exists for Landlords

(Lauren Jessop, The Center Square) Affordability and charging access remain the biggest obstacles to consumer acceptance of electric vehicles and the government’s ambitious transition targets. These factors pose even greater challenges for a demographic that has been seemingly overlooked by policymakers---those residing in multiunit dwellings. “The transition to EVs in the...

Libs of TikTok Exposes Title VII Workplace Discrimination at Microsoft

(Jacob Bruns, Headline USA) Libs of TikTok on Friday exposed glaring evidence of Title VII workplace discrimination at Microsoft, which openly admitted in its 2023 Diversity and Inclusion report that it intentionally paid white people less in order to achieve greater "equity." https://twitter.com/libsoftiktok/status/1760817144781021650 According to the report, the company penalized its...

The Federal Reserve Enables and Grows Big Government

(Mike Maharrey, Money Metals News Service) The Federal Reserve is the engine that powers one of the biggest, most powerful governments in history.  In this episode of the Money Metals' Midweek Memo, host Mike Maharrey explains how and why the Fed enables an ever-growing federal government.  Mike opens the podcast using...

What Will It Take for Metals to Break Higher?

(Clint Siegner, Money Metals News Service) Gold and silver prices remain range bound and investors are frustrated. Precious metal mining shares have been drifting lower for years. The GDXJ, an index of junior mining companies, is at the lowest level seen since the depth of the COVID sell-off in...

Fani Willis’s Dad Invokes Menendez’s Defense for Hiding Cash at Home 

(Luis Cornelio, Headline USA) The father of embattled Fulton County District Attorney Fani Willis invoked an unusual defense to explain why his daughter may have allegedly reimbursed her former lover entirely in cash, without providing any receipts. Retired defense criminal attorney John Floyd told Judge Scott McAfee that Willis always had...

Bullish Industry Silver Forecast on Soaring 2024 Demand

(Mike Gleason, Mike Maharrey, Money Metals News Service) As speculative fervor fuels price spikes in technology stocks and cryptocurrencies, gold continues to quietly hold its major support level. The monetary metal tested the critical $2,000 level again this week. After dipping early in the week, prices bounced modestly on Thursday. The...
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