Tuesday, July 8, 2025

FINANCE

A Second Crypto Investor is Charged With Kidnapping and Torturing a Man in a Posh NYC Townhouse

(Headline USA)  A second cryptocurrency investor surrendered to police Tuesday in the alleged kidnapping of a man who said he was tortured for weeks inside an upscale Manhattan townhouse by captors seeking the password to his Bitcoin account. William Duplessie, 32, faces charges of kidnapping, assault, unlawful imprisonment and criminal...

India Gold Imports Resilient Despite Price Pressure

(Mike Maharrey, Money Metals News Service) Despite high prices pressuring demand, Indian gold imports remained resilient in April. India ranks as the world's second-largest gold market behind China. India imported $3.1 billion in gold in April, according to Ministry of Commerce data. That was significantly lower than March, but above the January-February...

Warren Buffett’s Gold Blind Spot

(Clint Siegner, Money Metals News Service) The Oracle of Omaha, Warren Buffett, recently announced he will be stepping down as CEO of Berkshire Hathaway. He built a reputation as one of the sharpest minds in investing. Buffett’s folksy wisdom and knack for picking winners made him a household name. But...

Could a Shift Away from U.S. Equities Hasten De-Dollarization?

(Mike Maharrey, Money Metals News Service) Could the recent sale of U.S. equities signal the beginning of a long-term trend that speeds up global de-dollarization? Some analysts think it does. One could certainly write this sentiment off as a knee-jerk backlash against the aggressive tariff policy being implemented by the Trump...

Technical Analysis: Here’s Where Gold & Silver Stand

(Jesse Colombo, Money Metals News Service) Gold and silver are currently consolidating in a healthy manner, which is likely laying the groundwork for their next leg higher. I’m encouraged to see them consolidating in a healthy manner, which I believe is ultimately laying the groundwork for the next leg of the...

Dem. Lawmaker Charged with Spending COVID Relief Money on B-Day Party

(Luis Cornelio, Headline USA) A Democratic lawmaker in North Carolina was indicted for allegedly scheming to use COVID-19 relief funds to bankroll her lavish lifestyle, including a horse-drawn carriage at her birthday party.  Charlotte City Council member Tiawana Brown is accused of obtaining $124,165 in pandemic aid through fraudulent applications between April 2020...

WATCH: Trump Signs Executive Orders to Help Nuclear Industry in U.S.

(Morgan Sweeney, The Center Square)  – President Donald Trump signed several executive orders on nuclear energy Friday that Trump said would make the U.S. the “real power” in the industry. From the White House: President Trump Signs Executive Orders in the Oval Office, May 23, 2025 U.S. Secretary of the Interior...

WATCH: Trump Defends Tariffs, Says Apple Could Build iPhones in U.S.

(Brett Rowland, The Center Square)  President Donald Trump defended his plans to hit U.S. companies with tariffs for making products overseas as stocks slumped on the latest tariff threats. After singling out Apple and CEO Tim Cook in a social media post Friday morning, Trump said his tariff plans wouldn't...

Stocks Slump After Trump Raises Tensions With EU Tariff Threats

(Brett Rowland, The Center Square)  U.S. markets declined Friday after President Donald Trump threatened a fresh wave of tariffs on imports from the European Union and on smartphones. The Dow fell 256.02 points, down 0.61%, while the S&P 500 dropped 39.19 points, or 0.67%. The tech-heavy Nasdaq fell 188.53 points,...

Biden-Era Kennedy Center Execs Accused of Falsifying Financial Records

(Luis Cornelio, Headline USA) The Kennedy Center under the Biden administration allegedly fabricated financial records to show several million dollars in revenue, the Daily Wire reported Friday.  Newly installed president Richard Grenell told the board the center was $26 million in debt due to “phantom” and “fake revenue.”  “It’s criminal. We’re going...

Silver Institute: Silver Demand Surges Despite Market Headwinds

(Money Metals News Service) Amid rising geopolitical tensions, shifting energy policies, and ongoing economic uncertainty, silver remains a vital yet often underappreciated metal. In a recent episode of the Money Metals Podcast, host Mike Maharrey spoke with Michael DiRienzo, President and CEO of the Silver Institute, to break down key insights from the...

Trump Threatens 50% Tariffs on EU, 25% Tariffs on iPhones

(Brett Rowland, The Center Square) President Donald Trump threatened fresh tariffs on the European Union and iPhone maker Apple on Friday, prompting a sell-off on Wall Street.  Trump said trade talks with the European Union, which represents 27 nations, are "going nowhere." The president said he was recommending a 50%...
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