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Pabst Blue Ribbon Offers $20,000 Reward to Help Find Its Missing Beer

(Headline USA) Pabst Blue Ribbon wants its beer back, and it's offering a reward to help that happen. Greig DeBow, the CEO of Pabst Brewing Co., said Wednesday that the company will pay up to $20,000 to anyone who provides new information that leads to the recovery of 1,602 cases...

Federal Trade Commission, 22 States Accuse Amazon of $20B Scheme

(Alan Wooten, The Center Square) North Carolina is among 22 states alongside the Federal Trade Commission filing litigation against Amazon, a company the state and Richmond County have been happy to welcome with a $10 billion data center investment. The independent federal consumer agency and the Old North State's first-term...

A Forever Gold Bull Market?

(Mike Maharrey, Money Metals News Service) How long will the gold bull market last? Forever. That’s the view of Ned Davis Research Chief Alternative Strategist John LaForge. Granted, he didn’t say “forever,” but that’s the implication of his comments on Kitco News. “I think prices peak when we learn how to deal with the debt...

Apple’s New CEO, John Ternus, Takes Over From Tim Cook After 15 years

(Headline USA) Apple's new CEO John Ternus takes the helm of the iconic tech giant on Tuesday, ending Tim Cook's 15-year tenure during which the company's value skyrocket to $4.6 trillion thanks to the iPhone's enormous popularity. The transition to a new CEO comes at a pivotal time for Apple. Artificial...

Feds Close Trucking Schools in Alleged Fraud Crackdown

(Jim Talamonti, The Center Square) Trump administration officials say they have ordered the emergency removal of 110 commercial driver’s license schools associated with more than 5,000 drivers who failed English language proficiency tests. They have also shutdown of 150 additional schools that claim to be certified but have unlicensed instructors...

Singapore Removes 5% Cap on Precious Metals Holdings in Certain Funds

(Mike Maharrey, Money Metals News Service) The Monetary Authority of Singapore has removed a 5 percent cap on precious metals holdings for investment funds and family offices regulated under Section 13O and Section 13U tax-exemption schemes. The move comes after many funds were forced to liquidate part of their gold...

Fed Chair Warsh Runs Open-Mouth Operations at Jackson Hole But Can He Deliver?

(Mike Maharrey, Money Metals News Service) Federal Reserve Chairman Kevin Warsh moved markets on Friday with his Jackson Hole speech, even though the central bank has yet to do anything to move inflation. Clearly, Warsh wants to convey a message. He’s tough on inflation, and the Fed will “deliver price...

Peter Krauth Sees Silver Reaching $80 to $85 Before Year-End

(Money Metals News Service) Silver has decisively broken above the once-formidable $50 barrier, but Peter Krauth believes the bull market still has room to run. During a recent Money Metals podcast interview with host Mike Maharrey, Krauth argued that strong investment demand, industrial consumption, depleted exchange inventories, and emerging technologies continue to...

There’s a Race for Vault Space as Physical Gold Demand Surges Globally

(Mike Maharrey, Money Metals News Service) It’s a bull market in gold vaults. The surging gold price has sparked a significant uptick in demand for physical bars and coins. And with so many investors stacking gold, they need someplace to store all that metal. Sharps Pixley told The Financial Times that its vaults...

Gold and Silver Surge as the Debasement Trade Returns

(Money Metals News Service) Most people have regrets. They make a bad decision, miscalculate, or miss an opportunity and later wonder what might have happened. Money Metals Midweek Memo host Mike Maharrey shared one of his own investment regrets. Around 2015 or 2016, he received one Bitcoin as payment for...

Meta Reaches $18 Billion Settlement with States in Landmark Trial Over Teen Social Media Addiction

(Headline USA) Meta agreed Wednesday to pay up to $18 billion and add stronger child-safety measures to its Facebook and Instagram platforms as part of a landmark legal settlement that ended a trial over teen social media addiction and settled claims filed by nearly every state. The settlement resolved a...

Bessent’s Bond Market Intervention Juices Debasement Trade, Boosts Gold

(Mike Maharrey, Money Metals News Service) Opps. That didn’t go as planned. Treasury Secretary Scott Bessent wanted to drive down interest rates at the long end of the yield curve, so he intervened in the market. It worked. For about one day. The 30-year Treasury yield closed at 5.31 percent on Tuesday (Aug....
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