(Headline USA) The California Legislature on Thursday rejected many of Gov. Gavin Newsom's most difficult budget cuts, choosing instead to speed-up a temporary tax increase on some businesses to help address an estimated $45 billion deficit while preserving spending on many social safety net programs.
The budget lawmakers approved is...
(Headline USA) A federal judge on Friday ordered the liquidation of radio host Alex Jones′s personal assets but was still deciding on his company’s separate bankruptcy case, leaving the future of his Infowars media platform uncertain.
However, Jones's recent Twitter activity may offer a clue. In December, Jones appeared as...
(Money Metals News Service) In this episode of the Money Metals Exchange podcast, host Mike Maharrey speaks with Greg Weldon, CEO of Weldon Financial.
Weldon is known for his in-depth financial analysis and publications, including the Global Macro Strategy report and the Gold Guru report. Greg Weldon's extensive experience, authoritative...
(Stefan Gleason, Money Metals News Service) As the Fed keeps hopes alive for at least one rate cut this year, metals investors are weighing the inflation outlook.
Gold and silver markets have recently been giving back some of their impressive gains this year. So far, it looks like a normal...
(Mike Maharrey, Money Metals News Service) The petrodollar quietly died this week. While it didn't get big headlines, the demise of the petrodollar could mean big trouble for a U.S. government that depends on dollar dominance to support its borrowing and spending.
"Petrodollar" refers to the dollar's role in crude...
(Mike Maharrey, Money Metals News Service) Singapore is set to usurp London and New York as the world’s gold hub as the yellow metal shifts from West to East.
According to the World Gold Council head of Asia-Pacific and global head of central banks Shaokai Fan, the “center of gravity”...
(Mike Maharrey, Money Metals News Service) It's almost as if the central bankers at the Federal Reserve are throwing darts at the wall to determine the trajectory of monetary policy.
And I'm not convinced there is even a dartboard on the wall.
And yet, people keep selling gold and silver based...
(Headline USA) President Joe Biden will nominate Christy Goldsmith Romero to replace Martin Gruenberg as head of the Federal Deposit Insurance Corporation.
The announcement from the White House on Thursday came after Gruenberg’s tenure became marred by allegations of workplace abuse that led to him to resign.
A longtime financial regulator,...
(Headline USA) Tesla shareholders voted Thursday to restore CEO Elon Musk's record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the world's largest electric vehicle maker.
The ruling (along with a subsequent X...
(Headline USA) Federal Reserve officials signaled Wednesday that they expected to cut their benchmark interest rate just once this year due to the ongoing scourge of Bidenflation, which has yet to come anywhere close to reaching its target level at around 2%.
The policymakers' forecast for one rate cut was...
(Headline USA) Former President Donald Trump reportedly suggested to congressional Republicans this week that one of his legislative priorities would be eliminating the U.S. income tax if he wins the White House in November.
The presumptive GOP presidential nominee brought up the proposal during his meeting with GOP lawmakers on Capitol...
(Mike Maharrey, Money Metals News Service) Strike up the band and wave the victory banners! Inflation is dead! Or is it?
The May Consumer Price Index (CPI) report was cause for optimism. But price inflation is like that stubborn weed in the driveway. Just when you think you’ve killed it...