(Headline USA) U.S. prosecutors slapped insider trading charges against a Google employee this week, alleging the software engineer used confidential company information to pocket more than $1.2 million from prediction market platform Polymarket with bets on search trends.
In a complaint unsealed in New York, authorities identified the employee as 36-year-old...
(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...
(Mike Maharrey, Money Metals News Service) The British Royal Mint reported record gold and silver bullion sales in the first quarter of this year, reflecting strong demand for physical gold in the UK.
In a statement, the Royal Mint said that capital gains tax-exempt gold bullion sales increased 94 percent...
(Mike Maharrey, Money Metals News Service) Malaysia has joined India in hiking its import duty on gold.
Traders and dealers in the Southeast Asian nation said officials have already started charging a 10 percent levy on certain gold bar shipments into the country. The move has reportedly disrupted bullion trade...
(Money Metals News Service) In this episode of the Money Metals Midweek Memo, host Mike Maharrey challenged what he described as a deeply flawed mainstream narrative surrounding gold, inflation, and interest rates. Drawing parallels to common myths passed down through generations — like cracking knuckles causing arthritis or bread crust...
(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...
(Headline USA) The Supreme Court on Tuesday rejected a push to avoid a lawsuit alleging that Facebook and Instagram harmed young users, a decision that comes as social media companies increasingly face legal scrutiny.
Parent company Meta Platforms Inc. appealed after Vermont’s highest court allowed a suit filed by its...
(Sound Money Defense League, Money Metals News Service) Maryland Governor Wes Moore today signed a bill removing sales taxes from purchases of gold and silver, reversing course after a massive backlash over the past year from the public, precious metals dealers, and sound money experts.
In a highly controversial move...
(Mark Stricherz, The Center Square) Sen. Bernie Sanders, a self-described democratic socialist from Vermont, has spent nearly $608,000 on private jets, chauffeured cars, and upscale hotels since last year through his campaign fund, an investigation by The Center Square found.
Sanders is barnstorming the country on his "Fighting Oligarchy" tour,...
(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...
(Mike Maharrey, Money Metals News Service) We talk a lot about sound money around here. Primarily, we focus on the financial impacts of unsound fiat currency on the American people. It steals their wealth and robs them of purchasing power.
However, there is another pernicious aspect of fiat money that gets...
(Brett Rowland, The Center Square) NASA announced a reorganization of the agency Friday, restructuring key mission directorates to accelerate its lunar exploration program even as Congress and the White House remain divided over the agency's $24.4 billion budget.
NASA said it will consolidate its human spaceflight and space operations directorates...