Saturday, May 10, 2025

FINANCE

EBay to Pay $3M for Sending Live Spiders, Cockroaches to Mass. Couple

(Headline USA) Online retailer eBay Inc. will pay a $3 million fine to resolve criminal charges over a harassment campaign waged by employees who sent live spiders, cockroaches and other disturbing items to the home of a Massachusetts couple, according to court papers filed Thursday. The Justice Department charged eBay with stalking, witness tampering and...

Inflation Rose More than Expected in Latest Data

(Casey Harper, The Center Square) Consumer costs increased at an elevated level again in December, according to newly released federal economic data, raising new concerns about spiking inflation. The U.S. Bureau of Labor Statistics on Thursday released the Consumer Price Index, a key marker of inflation, showing the cost of a...

2023 Corporate Bankruptcies Topped Pandemic Year Numbers

(Mike Maharrey, Money Metals Exchange) There were more corporate bankruptcies in 2023 than there were during the pandemic of 2020. Higher interest rates and massive levels of corporate debt drove the flurry of business failures last year. There were 642 corporate bankruptcy filings in the U.S. in 2023, according to S&P...

The Demise of Price Inflation Seems Somewhat Exaggerated

(Mike Maharrey, Money Metals Exchange) No matter what you read about the December Consumer Price Index (CPI) data, you should keep one important fact top of mind: every number is far above the Federal Reserve's 2 percent target. Given that fact, it would seem the death of price inflation seems...

Biden Admin Targets Rumble w/ ‘Bogus’ Investigation

(Headline USA) The Biden administration confirmed this week that it has launched an investigation into Rumble, a free speech video platform that has rejected Big Tech censorship. The Securities and Exchange Commission told leftist magazine Wired on Monday that it does have an active probe into Rumble, though it would not...

This Isn’t Fine! Money Metals Midweek Memo Podcast

(Mike Maharrey, Money Metals Exchange) Like many, I once owned a Plymouth Neon. It seemed perfectly fine - looked good, sounded good, and got me from point A to B. But beneath its exterior, it had a critical flaw: a non-functional radiator fan. This problem, while not apparent in...

Gold Has Outperformed the S&P 500 in the 21st Century

(Mike Maharrey, Money Metals Exchange) Gold has outperformed both stocks and bonds since the turn of the century. Gold was among the best-performing assets of 2023. According to analysis by the World Gold Council, gold outperformed emerging market stocks, U.S. bonds, the U.S. dollar, global treasuries, and commodities in general. The...

The Reckoning in Pension Funds Draws Closer

(Clint Siegner, Money Metals Exchange) The outlook for pension systems is growing increasingly dire. Promises made to retirees have been generous and they can only be kept if prices for all kinds of assets move consistently higher. The trouble is that the past three years don’t look like the first...

Silver Is Underpriced Given Supply and Demand Dynamics

(Mike Maharrey, Money Metals Exchange) Global industrial demand for silver in 2023 is expected to set a record leading to another big market deficit, according to preliminary projections by the Silver Institute. And silver isn't currently priced for this dynamic. The Silver Institute released preliminary supply and demand numbers at its...

America’s Fiat Money Gestapo: The Untold History of the Secret Service

(Joshua D. Glawson, Money Metals Exchange) There is an untold story in American monetary history. Some are reluctant even to discuss it. I’m referring to the U.S. Secret Service’s very own role in the destruction of sound money in America. As constitutional, sound money in the form of physical gold and...

Pelosi Stock Trades See a 65% Rate of Return

(Jacob Bruns, Headline USA) Rep. Nancy Pelosi, D-Calif., the Democrat-designated House speaker emerita, continued her unprecedented run of incredible stock-market gains in 2023, the Daily Mail reported. Last year, Pelosi---who, along with her husband, Paul, has a long history of profitable ventures---crushed the market with a 65% rate of return...

Central Banks Continued to Gobble Up Gold in November

By Mike Maharrey, Money Metals Exchange Central banks globally continued to gobble up gold in November, adding another net 44 tons to their reserves, according to the most recent data compiled by the World Gold Council. Turkey was the biggest gold buyer in November, increasing its reserves by 25 tons as...
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