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Tuesday, November 19, 2024

FINANCE

Texas Again Breaks Its Own Jobs Records

(Bethany Blankley, The Center Square) Texas continues to break jobs records every month and October was no different. Texas again grew jobs at a faster annual rate than the national job growth rate over the year in October. It also set a new record high for the greatest number employed...

Trump Ally May Team Up w/ Bernie Sanders to Cap Credit Card Rates

(Luis Cornelio, Headline USA) An unexpected pair of senators may soon team up to help swiftly deliver on one of President-elect Donald Trump’s campaign promises: capping excessive credit card interest rates.  On Friday, Sens. Josh Hawley, R-Mo., and Bernie Sanders, I-Vt, expressed their eagerness to work with the second Trump administration to...

Gov’t Watchdog Outlines $700B in Cuts w/ Bipartisan Support

(Brett Rowland, The Center Square) A think tank proposed $700 billion in spending cuts that it says should have bipartisan support in the legislature as Congress prepares for a new term that could focus on taxing and spending policies, including extending the debt limit and the 2017 tax cuts. The...

Biden Admin. Goes on Spending Bender Before Trump Claws Back Unused Tax Dollars

(Headline USA) Biden administration officials are working to dole out billions in grants before President-elect Donald Trump takes office in January. “Let’s make every day count," President Joe Biden said in an address to the nation last week after Vice President Kamala Harris conceded defeat to Trump in the presidential race. Trump has pledged...

Biden Admin. Kicks Off FY2025 w/ Yet Another Big Budget Deficit

(Mike Maharrey, Money Metals News Service) After running the third-largest budget deficit in history in fiscal 2024, the Biden administration kicked off fiscal 2025 in a similar manner. The federal government ran a $257.45 billion budget shortfall to start the new fiscal year, with revenue down and spending up, according to the latest...

Gold-Backed or Bust: Judy Shelton’s Plan to Tame the Fed and Restore the Dollar

(Paul D. Mueller, Money Metals News Service) Judy Shelton has spent her career advocating for sound money. Her latest book, Good as Gold: How to Unleash the Power of Sound Money, makes an up-to-date case for reinstituting a gold standard. Her intriguing conclusion is that the dollar can be reconnected to...

Hacker Gets 5 Yrs. for Stealing, Laundering Roughly $1B in Bitcoin

(Headline USA) A computer expert who stole bitcoin worth billions of dollars at current prices—and then spent years laundering some of the hacked cryptocurrency with help from his wife—was sentenced on Thursday to five years in prison. Ilya Lichtenstein masterminded one of the largest-ever thefts from a virtual currency exchange before he and his...

Big Pharma Stocks Crumble After Trump Taps RFK Jr. as HHS Boss

(Luis Cornelio, Headline USA) President-elect Donald Trump’s nomination of Robert F. Kennedy Jr. to head the Department of Health and Human Services has sent shockwaves through vaccine company stocks.  BioNTech and Novavax saw their stocks drop by 7.1% and 7.0%, respectively, while Moderna’s fell by 5.6% shortly after Trump’s announcement on...

Could Trump Tap Alex Jones to Lead NPR in Ultimate Post-InfoWars Troll?

UPDATE: A judge overseeing Alex Jones's bankruptcy proceedings determined that The Onion did not submit the highest bid, overturning the results of the recent option and throwing the fate of InfoWars into question once again. (Luis Cornelio, Headline USA) With InfoWars shut down, many are questioning what’s next for its founder Alex...

Biden Implements New Last-Minute Climate Tax

(Headline USA) President Joe Biden is set to implement a new climate tax with just a couple of months left to go in his administration. The new tax was born out of the Inflation Reduction Act, a sweeping bill that Biden admitted was focused on leftist environmental policy despite its deceptive...

Industrial Silver Demand on Pace to Set a New Record

(Mike Maharrey, Money Metals News Service) Industrial demand for silver is on track for a new record high in 2024, and the silver market is on pace for its fourth consecutive annual supply deficit.  According to the latest projections by Metals Focus for the Silver Institute, record industrial offtake, along...

Top Fed Official Insists on Independence, Despite Seeing Donations Break 91% for Dems

(Headline USA) Bombshell reports on the campaign donations of Federal Reserve employees showed that at least one thing was clear about the nebulous central bank, which loans Congress its money and has the power to set the interest rates affecting the entire U.S. economy: It is not apolitical. Nor do...
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