Friday, May 9, 2025

FINANCE

Silver Demand at Near-Record Levels and Other Silver News

(Mike Maharrey, Money Metals News Service) Silver demand is expected to hit 1.2 billion ounces this year. That would rank as the second-highest annual silver demand on record. Record industrial demand for silver is expected to drive overall silver offtake this year, according to an article in the latest edition...

U.S. Adding $1 Trillion in Debt Every 3 Months Since Last June

(Bethany Blankley, The Center Square) The U.S. began adding $1 trillion worth of debt about every three months beginning last June, a Bank of America investment strategist Michael Hartnett first pointed out in an investment note published last week. The national debt is currently $34.48 trillion and rising. It surpassed...

More Inflationary Woes: In One Year, Car Insurance Rates Surge 26%

(Bethany Blankley, The Center Square) Car insurance rates surged 26% nationwide in the past year and are expected to remain elevated until 2025. That's according to the “True Cost of Auto Insurance” report from Bankrate, an independent comparison service company. The report used the most recent median income data from the...

Apple Won’t Be Making Electric Cars

(Dmytro “Henry” Aleksandrov, Headline USA) Apple recently revealed that it ended its decade-long pursuit to enter the electric vehicle market after wasting billions of dollars. One of the reasons why Apple pulled the plug was that the company was spending a lot of money while trying to catch up to Elon...

Food Stamp Costs for a Family’s Meal Jump 31% Over Last Three Years

(Shirleen Guerra, The Center Square) – The monthly costs for healthy meals for a family of four participating in the Supplemental Nutrition Assistance Program increased by 31% over the past three years. The United States Department of Agriculture stated the food stamp benefit amounts are based every year upon the...

Musk’s AI to Hold Politicians Accountable for Spending Sprees

(Luis Cornelio, Headline USA) Twitter owner Elon Musk might soon provide a remedy to expose Congress's efforts to secretly push through large pieces of legislation without allowing Americans to scrutinize and review their contents.  Musk announced on Monday that his artificial intelligence chatbot, Grok, will feature the capability to summarize what...

El Salvador President: ‘Confidence in Your Currency Could Be Lost.’

(Mike Gleason, Money Metals News Service) Precious metals markets enter trading for March with gold bulls wondering whether the monetary metal is finally ready to march up to new highs. Gold spent the first two months of the year locked in a trading range between $2,000 and just under $2,100...

Inflation Is Still Gobbling Up Your Paycheck

(Mike Maharrey, Money Metals News Service) While your paycheck might be a little fatter, you’re actually earning less because price inflation continues to gobble up your paycheck. As pundits and politicians slice and dice various inflation reports, debating whether or not the Fed has finally tackled inflation, things aren’t getting...

What Dynamics Drive the Silver Price?

(Mike Maharrey, Money Metals News Service) What drives the price of silver? Understanding silver pricing can be tricky because of the metal’s dual nature. It is an industrial commodity, but fundamentally, silver is money. A recent report by the Silver Institute attempts to untangle the various factors that go into...

As Safety Declines, Buttigieg Warns Airlines over Wheelchair Damage

(Headline USA) During a recent spate of airline catastrophes or mid-air near-catastrophes, former South Bend, Ind., Mayor Pete Buttigieg was nowhere to be found.  Yet, after nary a word to address the growing issue of plane failures---which some attribute to the push to diversify flight crews and engineering staffs---the Biden...

FTC Sounds Alarm over Proposed Kroger-Albertsons Grocery Store Mega-Merger

(Headline USA) Kroger and Albertsons—two of the biggest grocery chains in the United States—had hoped to complete the largest supermarket merger in the country's history this year. But their plan to compete with big-box retailers by combining forces faces legal challenges that make it look far less likely, at least...

Fed’s Preferred Inflation Gauge Belies Biden’s Messaging on Economic Recovery

(Headline USA) An inflation gauge favored by the Federal Reserve increased in January---the latest sign that consumer price increases have yet to get the memo from the Biden administration and its media allies that the U.S. economy is healthy and flourishing despite three years of post-pandemic mismanagement. The government reported...
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