Saturday, December 13, 2025

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Trump Rolls Back Tariffs on Over 200 Foods in Sharp Reversal

(Brett Rowland, The Center Square) Responding to Americans' frustrations over high grocery prices, President Donald Trump issued an executive order Friday exempting more than 200 food products from tariffs. "Certain qualifying agricultural products will no longer be subject to those tariffs, such as certain food not grown in the United...

Opioid Settlement with OxyContin Maker Purdue and Sackler Family Could End Years of Legal Battles

(Headline USA) Lawyers representing OxyContin maker Purdue Pharma, cities, states, counties, Native American tribes, people with addiction and others across the U.S. delivered a nearly unanimous message for a bankruptcy court judge Friday: Approve a plan to settle thousands of opioid-related lawsuits against the company and members of the...

S&P 500 Vs. Gold: What Is This Ratio Telling Us?

(Mike Maharrey, Money Metals News Service) The S&P 500 to gold ratio has fallen to the lowest reading since the pandemic and is at a critical support level. This could signal more upside for the yellow metal. Stocks and gold have risen in tandem in 2025. The S&P 500 is...

Slowing Credit Card Spending Likely Reflects Growing Consumer Debt Stress

(Mike Maharrey, Money Metals News Service) After barely rising in August, consumer debt grew modestly in September, likely reflecting growing debt stress on American households. The U.S. economy depends on consumers buying stuff. Persistent price inflation forced Americans to blow through their savings and then turn to credit cards to...

India Speeds Up Efforts to Bring Its Gold Home

(Mike Maharrey, Money Metals News Service) India has sped up efforts to bring its gold home. According to a Bloomberg report, the Reserve Bank of India repatriated 64 tonnes of gold through the first six months of its fiscal year, which began in April. The RBI now holds 65 percent of its gold reserves...

ETFs Globally Report Boost in Gold Holdings for Fifth Straight Month

(Mike Maharrey, Money Metals News Service) After charting the highest level of gold inflows on record in September, the flow of gold into ETFs slowed modestly in October but remained comfortably above the year-to-date average. It was the fifth straight month of net gold inflows into ETFs globally. In total, 54.9...

Criminal Case Against Boeing Over Deadly 737 Max Plane Crashes is Dismissed by a US Judge

(Headline USA)  A federal judge in Texas has agreed to dismiss a criminal conspiracy charge against Boeing in connection with two 737 Max jetliner crashes that killed 346 people. In a written decision issued Thursday, U.S. District Judge Reed O’Connor approved the federal government’s request to dismiss its case against...

Russia Considers ‘Full-Scale’ Nuclear Weapons Tests After Trump’s Comments

(Dave DeCamp, Antiwar.com) Russian President Vladimir Putin has directed his top officials to submit proposals on the possibility of resuming what his defense minister called “full-scale” nuclear weapons tests in response to President Trump’s order for the US military to conduct nuclear tests. It was unclear from Trump’s initial order,...

Ohio SNAP Benefits Expected to be Cut in Half

(J.D. Davidson, The Center Square) SNAP recipients in Ohio are expected to receive half of their regular monthly benefit allotment, according to the Ohio Department of Job and Family Services. However, there is still no plan for when that money will be distributed. Family Services on Tuesday said it has...

Median Age for a First-Time Home Buyer Hits 40, a Record High

(Brett Rowland, The Center Square) The median age for a first-time home buyer just hit 40, a record high, according to a new report from the National Association of Realtors.  The median buyer age increased to a peak of 59 years, up from 56 the previous year. The median age...

Seattle Mayor Pledges $8M to Replace Lapsed SNAP Benefits amid Federal Shutdown

(Spencer Pauley, The Center Square) Seattle Mayor Bruce Harrell has pledged up to $8 million in city funds – $4 million per month through 2025 – to offset the looming halt in federal Supplemental Nutritional Assistance Program, or SNAP, benefits triggered by a congressional funding impasse. A Senate vote to...

US Government Allowed and Even Helped US Firms Sell Tech Used for Surveillance in China

(Headline USA) U.S. lawmakers have tried four times since September last year to close what they called a glaring loophole: China is getting around export bans on the sale of powerful American AI chips by renting them through U.S. cloud services instead. But the proposals prompted a flurry of activity...
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