Saturday, July 12, 2025

FINANCE

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%...

Justice Department Reaches Deal to Allow Boeing to Avoid Prosecution Over 737 Max Crashes

(Headline USA) The has reached a deal with Boeing that will allow the airplane giant to avoid criminal prosecution for allegedly misleading U.S. regulators about the 737 Max jetliner before two of the planes crashed and killed 346 people, according to court papers filed Friday. Under the “agreement in principle" that...

Could Platinum Be Setting Up to Break Out?

(Mike Maharrey, Money Metals News Service) The platinum price is at the highest level in a year and could be set to break out. Over the last four years, platinum has traded in a range between $900 and $1,100 an ounce. On Friday morning, the metal was just a tick above that...

Come On Moody’s, Tell Us Something We Didn’t Know!

(Mike Maharrey, Money Metals News Service) The most surprising thing about Moody’s downgrade of the U.S. government’s credit rating was that so many people seemed surprised. The reaction should have been, “Tell us something we didn’t already know!” Last Friday, Moody’s cut Uncle Sam’s credit rating by one notch, from...

Senate Report: Health Agencies Hid COVID Jab’s Risk of Myocarditis

(José Niño, Headline USA) A new Senate report alleges federal health agencies delayed warning the public about myocarditis risks linked to mRNA COVID-19 vaccines. On Wednesday, Sen. Ron Johnson, R-WI, chairman of the Senate’s Permanent Subcommittee on Investigations, released a major interim staff report and convened a high-profile hearing to...

Gold Correction?

(Brien Lundin, Money Metals News Service) Gold remains firmly in correction mode — even I will readily agree with that. But one of the most interesting things about this bull market is that, for it at least, the word “correction” has taken on a new meaning. As you can see below,...
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