Wednesday, August 27, 2025

FINANCE

China’s Top Drone Manufacturer Hires Texas Company to Avoid Bans

(Dmytro “Henry” Aleksandrov, Headline USA) To avoid losing a 58% share of the domestic commercial drone market if the U.S. House passes Rep. Elise Stefanik’s, R-N.Y., Countering CCP Drones Act, China's Da-Jiang Innovations Science & Technology Co. (DJI) decided to cooperate with a company in Texas as a way...

Tractor Supply Accused of Going Woke to Celebrate ‘Pride’ Month

(Molly Bruns, Headline USA) Outdoor retail outlet Tractor Supply allegedly went woke this "Pride" month, providing their employees with documents encouraging child sex changes, linking to the Trevor Project and forcing trainings focused on LGBT issues. https://twitter.com/robbystarbuck/status/1800232784549560482/ The company promoted a training campaign called "You Belong Out Here LGBTQ+," according to investigative...

Troubled Kids Kept in Federally Funded ‘Warehouses of Neglect,’ Senate Probe Finds

(Ken Silva, Headline USA) The Senate Finance Committee released on Wednesday a report revealing systemic taxpayer-funded child abuse and neglect in youth residential treatment facilities, which are intended to provide temporary care for children with acute behavioral health needs. The Senate committee also held a hearing over the matter on Wednesday. https://twitter.com/SenateFinance/status/1800891012912443563 The...

The World Will Never Be Free If It Believes Official Gold Data

(Chris Powell, Money Metals News Service) Headlines like this have been pummeling the monetary metals sector in recent days: "Gold Is Getting So Expensive That Even China's Central Bank Stopped Buying." According to this particular report: China's central bank gold-buying streak has been a major driver of prices that hit record...

Support for Biden’s Student-Loan Shell Game Mirrors His Abysmal Approval Rating

(Headline USA) President Joe Biden hit a new low this week, with an approval rating of 37.4% as he desperately clings to his reelection campaign with a growing number of Democrats quietly discussing their desires to replace him. https://twitter.com/charliekirk11/status/1800229422639034621 Among Biden's failures are the controversial effort to buy votes from young people...

Taxing Billionaires Isn’t a Solution to the Government Spending Problem

(Mike Maharrey, Money Metals News Service) Most people don't understand the enormity of the national debt, the amount of government spending, or the size of the monthly deficits. As a result, they come up with all kinds of absurd "solutions" to the problem. Whenever I talk about the national debt...

Apple Marks Late Entry into AI Race w/ Sleek Upgrades Using ChatGPT

(Headline USA) Apple has jumped into the race to bring generative artificial intelligence to the masses, spotlighting a slew of features Monday designed to soup up the iPhone, iPad and Mac. And in a move befitting a company known for its marketing prowess, the AI technology is  coming as part...

Silver Demand in Solar Sector Could Squeeze Future Silver Supply

(Mike Maharrey, Money Metals News Service) Silver use by the solar energy sector is one of the primary factors driving the overall demand for silver, and there is reason to believe photovoltaic silver off-take will continue to increase in the years ahead. Not only is the demand for silver panels...

Trump Tells Crowd of Supporters He Won’t Tax Tips

(Matthew Doarnberger, Headline USA) Speaking to a crowd of supporters in Las Vegas on Sunday, former president Donald Trump declared that, if re-elected, he would end taxation on tips for those in the service industry, according to The Hill. “For those hotel workers and people that get tips, you’re going...

Credit Card Spending Sagged Again in April Suggesting American Consumers Are Tapped Out

(Mike Maharrey, Money Metals News Service) American consumers kept their credit cards in their pockets for the second straight month in April, a bad sign for an economy that has run on plastic for the last year. After cratering in March, revolving credit contracted in April.  Meanwhile, non-revolving credit continued to...

What Do We Make of the Recent Knee-Jerk Gold Selloff?

(Mike Maharrey, Money Metals News Service) Gold crashed through several support levels on Friday. The yellow metal plunged from $2,376 Thursday to under $2,300 by Friday afternoon. The mainstream financial media bandied about two primary reasons for the big kneejerk selloff, and neither seem like particularly good reasons to sell...

Justice Jackson’s Lucrative Year: $900K Book Deal and Extravagant Gifts

(Luis Cornelio, Headline USA) Being a Supreme Court justice comes with its perks, as Ketanji Brown Jackson's financial disclosures reveal nearly a million dollars in additional earnings. According to the New York Post, Jackson, the most recent appointee to the court, received a $893,750 advance from Penguin Random House for her...
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