Thursday, July 3, 2025

FINANCE

BLACK MONDAY: Dow Drops 900 Pts; Japan Faces Worst Crash Since 1987

(Headline USA) Nearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets worldwide. The S&P 500 was down by 3.1% in morning trading, coming off its worst week in more than three months. The Dow Jones...

Intel Plans to Cut 15K Jobs, Despite Taking Nearly $20B in Biden Bucks

(Headline USA) Chipmaker Intel says it is cutting 15% of its huge workforce—about 15,000 jobs—as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD. In a memo to staff, Intel Corp. CEO Pat Gelsinger said Thursday the company plans to save $10...

Money Metals Podcast: Michael Pento’s Insights on Economic Outlook and Investment Strategies

(Money Metals News Service) In a recent episode of the Money Metals podcast, host Mike Maharrey sat down with Michael Pento, the president and founder of Pento Portfolio Strategies (PPS), to discuss the current state of the economy, the precious metals market, and effective investment strategies. Pento, who boasts over...

Stocks Get Slammed on Bad Economic News, Gold Remains Buoyant

(Mike Gleason, Money Metals News Service) As the national debt soars to yet another new milestone, gold prices are ascending toward a new record of their own. The official debt held by the public has just ticked past the $35 trillion mark. Of course, with all the billions and trillions...

When Will the Fed “Normalize” Interest Rates? This Is Normal!

(Mike Maharrey, Money Metals News Service) A drug addict constantly needs more drug to get the same effect. The U.S. economy is addicted to easy money, and it needs more and more of this drug to maintain the high. The problem with this scenario is eventually the addict overdoses. This Is...

Boeing Names New CEO after Posting Loss of More than $1.4B in Q2

(Headline USA) Boeing named a longtime aerospace industry veteran Wednesday as its next chief executive, who will take over a company rocked by legal, regulatory and production problems and mounting financial repercussions. Robert “Kelly” Ortberg, a former CEO at Boeing supplier Rockwell Collins, will succeed David Calhoun as CEO and...

Federal Reserve Poised to Surrender to Inflation

(Mike Maharrey, Money Metals News Service) The Federal Reserve unfurled the white flag during the July FOMC meeting and set the stage to surrender to inflation.  That may seem like an odd way to frame the messaging that came out of the most recent Fed meeting, but surrender is exactly...

Central Bank and Over-the-Counter Buying Pushed Gold Demand to Record Levels in Q2

(Mike Maharrey, Money Metals News Service) Gold demand was up 4 percent to 1,258 tons in the second quarter, the highest level on record since the World Gold Council started compiling data in 2000.  Demand for gold was strong in the second quarter despite record gold prices.   The LBMA gold price...

Delta CEO: Disruptions from CrowdStrike’s Global Meltdown Cost Airline Half a Billion Dollars

(Headline USA) Delta Air Lines CEO Ed Bastian says the airline is facing $500 million in costs related to a global tech outage this month that disrupted emergency services, communications and thousands of businesses. Speaking on CNBC, Bastian said Wednesday that the monetary amount represents lost revenue as well as...

Fed’s First Interest-Rate Cut in 4 Years Likely on Horizon as Election Day Approaches

(Headline USA) With the end of their two-year fight against inflation in sight, Federal Reserve officials were likely Wednesday to set the stage for the first cut to their key interest rate in four years---a major shift in policy that could eventually lower borrowing costs for U.S. consumers and...

Money Metals Midweek Memo: Market Insights and Economic Commentary

(Money Metals News Service) In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey offers an in-depth look at the economy, emphasizing the importance of understanding the underlying factors that drive market trends and economic conditions. Maharrey draws an analogy to football, suggesting that just as casual...

U.S. Sends $1.7 Billion to Ukraine in Ninth Package Since April

(Headline USA) The U.S. will send $1.7 billion in military aid to Ukraine, officials announced on Monday, including an array of munitions for air defense systems, artillery, mortars and anti-tank and anti-ship missiles. The package includes $1.5 billion in funding for long-term contracts through the Ukraine Security Assistance Initiative, and $200...
- Advertisement -
- Advertisement -

Most Read

- Advertisement -
- Advertisement -