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Wednesday, November 20, 2024

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FBI Arrests Homeless Man for Allegedly Plotting to Bomb NY Stock Exchange

(Ken Silva, Headline USA) The FBI has arrested a homeless man who was supposedly plotting to bomb the New York Stock Exchange—another bureau sting operation involving multiple undercover agents and at least one informant. According to the FBI’s criminal complaint, the defendant, Harun Abdul-Malik Yener, had been searching online for...

Next Wave of Ascendant ‘Nvidia’ Hopefuls Focus on AI’s Efficiency after It’s Trained

(Headline USA) Building the current crop of artificial intelligence chatbots has relied on specialized computer chips pioneered by Nvidia, which dominates market and made itself the poster child of the AI boom. But the same qualities that make those graphics processor chips, or GPUs, so effective at creating powerful AI...

U.S. Will Send Ukraine at Least $275 Million in New Weapons

(Headline USA) The Pentagon will send Ukraine at least $275 million in new weapons, U.S. officials said Tuesday. The latest tranche of weapons comes as both Ukraine and Russia push to gain an advantage. In rapid succession this week, President Joe Biden gave Ukraine the authority to fire longer-range missiles deeper...

Coca-Cola Receives Backlash over AI-Generated Holiday Ad

(Maire Clayton, Headline USA) Coca-Cola was hit with backlash after releasing a series of AI-generated holiday ads, sparking critics on social media to call the company "soulless." The Atlanta-based conglomerate enlisted the help of three different AI companies to create the ads, according to Forbes. The ads attempted to pay homage...

Microsoft Developing AI ‘Agents’ That Can Perform Tasks on Their Own

(Headline USA) Microsoft CEO Satya Nadella told customers at a conference in Chicago on Tuesday that the company is teaching a new set of artificial intelligence tools how to "act on our behalf across our work and life.” AI developers are increasingly pitching the next wave of generative AI chatbots...

Trump Picks Billionaire Howard Lutnick for Commerce Secretary

(Headline USA) President-elect Donald Trump chose Howard Lutnick, head of brokerage and investment bank Cantor Fitzgerald and a cryptocurrency enthusiast, as his nominee for Commerce secretary. If confirmed, Lutnick would have a key role in carrying out Trump's plans to raise and enforce tariffs as part of his America First...

Silver Is a Strategic Asset for Diversification and Hedging Risk

(Mike Maharrey, Money Metals News Service) "Silver is a reliable hedge against inflation, currency devaluation, and systemic financial instability." This is the conclusion of a new report by Toronto-based Capitalight Research Inc. commissioned by the Silver Institute. "Institutional investors seeking to strengthen their portfolios through diversification should consider the compelling benefits of investing...

UAE Poised to Help Usher in ‘Asian Century’ for Gold

(Mike Maharrey, Money Metals News Service) The United Arab Emirates is poised to usher in an “Asian Century” for gold to challenge dollar dominance, according to a report published by the Dubai Multi Commodities Centre (DMCC). The UAE leapfrogged the United Kingdom to become the world’s second-largest gold trade hub...

Gold & Silver Are Rebounding

(Brien Lundin, Money Metals News Service) Gold bugs were rattled by the drop of more than $200 over the past two weeks, but this week's big rally has clawed much of that back in one fell swoop. The question remains whether the bull market is back in force over the...

NYC Bakery Booms after Whoopi Goldberg Slandered It on ‘The View’

(Maire Clayton, Headline USA) After View co-host Whoopi Goldberg slanderously implied that a New York City bakery had refused to fill her order over her radical political beliefs last week, the Staten Island shop has experienced a surge in sales. Patrons took to social media to support the bakery, showing...

Inflation Isn’t Likely to Go Away

(Clint Siegner, Money Metals News Service) Gold and silver futures speculators began selling contracts in anticipation of a Trump victory. Thus far, the selling continues after his win. The markets may have simply been overbought after big moves higher in October. However, the impact of the election cannot be discounted. The...

Indian Gold Demand Strong During Diwali Festival Despite Record High Prices

(Mike Maharrey, Money Metals News Service) Indian gold demand held up during the Diwali season despite surging prices, as festival buying was boosted by strong investment demand. Diwali is the Hindu festival of lights. It is considered an auspicious time to buy gold, and many Indian couples choose to get...
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