FINANCE

(Headline USA) A New Mexico court has ordered Instagram and Facebook parent company Meta to pay $567 million to address harms to young people from its platforms in the second phase of a landmark trial. Judge Bryan Biedscheid said in a ruling late Thursday that the bulk of the money...

(Alan Wooten, The Center Square) Following prison sentences of a combined 24 years for drug charges, two Hondurans illegally in America will be deported, federal prosecutors in North Carolina say. Their arrest, sentencing and eventual deportation is the example of an executive order from the president executed to protect Americans'...

(Mike Maharrey, Money Metals News Service) What an awful jobs report. And I’m not even talking about the contraction of -23,000 jobs in July. I’m talking about the revisions. The Bureau of Labor Statistics estimates that the economy shed 23,000 jobs last month. Economists were expecting 83,000 new jobs in July. Oops. Interestingly, despite job...

(Mike Maharrey, Money Metals News Service) There is an unimaginable fortune floating between 150 and 400 million miles from Earth. It’s an asteroid named Psyche. Some people think we can solve global poverty by mining this space gold and other precious metals. We can’t. Scientists believe this 144-mile-long floating space rock contains large...

(Mike Maharrey, Money Metals News Service) Asian banks have beefed up their gold product and service offerings in recent months. According to The Banker, this represents “a structural wealth shift in wealth allocation.” New products and innovations introduced in the Asian gold market run the gamut from investing platforms that offer...

(Andrew Rice, The Center Square) The U.S. economy lost 23,000 jobs in July, while the unemployment rate dropped to 4.1%, according to a new report from the U.S. Bureau of Labor Statistics on Friday.  Over the last 12 months, employment gains increased by 34,000. July's figure keeps at pace with...

(Sarah Roderick-Fitch, The Center Square)  Following the U.S. Supreme Court ruling that overturned President Donald Trump’s executive order banning birthright citizenship, the president is taking another stab at curbing the practice through a pair of executive orders. Trump signed the latest executive orders Thursday afternoon, targeting birth tourism, diplomats, and...

(José Niño, Headline USA) Florida Republican gubernatorial candidate James Fishback used a Tallahassee press conference Thursday to accuse his primary rival, Rep. Byron Donalds, R-Fla., of sitting under a federal sex trafficking investigation. Federal law enforcement contradicted the claim within hours. Fishback took no questions from reporters and delivered...

(Luis Cornelio, Headline USA) Newly declassified files show that the FBI opened a criminal investigation into the fringe theory that President Donald Trump may have acted as a Russian agent shortly after he fired then-FBI Director James Comey. The files, released by the White House on Wednesday, once again expose the...

(Adam Herbets, TJ Martinell and Mark Stricherz, The Center Square) Nearly two dozen state attorneys general banded together as early as April 2024 to plot litigation against President Donald Trump long before he was reelected, according to a confidential document obtained by The Center Square. The document was signed approximately...

(Ken Silva, Headline USA) The Senate Finance Committee released a 67-page report Tuesday that details how big banks ignored millions of dollars in suspicious transactions made by deceased sex criminal Jeffrey Epstein. The report also says that CBS News is suppressing an interview on the subject. Tucked away on page...

(Elyse S. Apel, The Center Square) Minnesota is increasing penalties for Medicaid fraud as state and federal officials continue prosecuting cases involving millions of dollars allegedly stolen from taxpayer-funded programs. The Minnesota Sentencing Guidelines Commission recently approved a higher classification for a new Medicaid fraud offense created under a recently...