Friday, September 19, 2025

FINANCE

Biden Picks Successor for FDIC Chair Who Resigned Due to Toxic Workplace

(Headline USA) President Joe Biden will nominate Christy Goldsmith Romero to replace Martin Gruenberg as head of the Federal Deposit Insurance Corporation. The announcement from the White House on Thursday came after Gruenberg’s tenure became marred by allegations of workplace abuse that led to him to resign. A longtime financial regulator,...

Musk Wins Sharholder Approval for $44.9B Tesla Stock Package Blocked by Delaware Judge

(Headline USA) Tesla shareholders voted Thursday to restore CEO Elon Musk's record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the world's largest electric vehicle maker. The ruling (along with a subsequent X...

Fed Now Envisions Just One Rate Cut This Year as Bidenflation Persists Above Expectations

(Headline USA) Federal Reserve officials signaled Wednesday that they expected to cut their benchmark interest rate just once this year due to the ongoing scourge of Bidenflation, which has yet to come anywhere close to reaching its target level at around 2%. The policymakers' forecast for one rate cut was...

Trump Floats Eliminating U.S. Income Tax in Meeting w/ Congressional Republicans

(Headline USA) Former President Donald Trump reportedly suggested to congressional Republicans this week that one of his legislative priorities would be eliminating the U.S. income tax if he wins the White House in November. The presumptive GOP presidential nominee brought up the proposal during his meeting with GOP lawmakers on Capitol...

Inflation Is Dead! Or Is It?

(Mike Maharrey, Money Metals News Service) Strike up the band and wave the victory banners! Inflation is dead! Or is it? The May Consumer Price Index (CPI) report was cause for optimism. But price inflation is like that stubborn weed in the driveway. Just when you think you’ve killed it...

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...
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