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Wednesday, April 2, 2025

FINANCE

Praise the Lord: Sen. Raphael Warnock’s Church Bankrolls His $1M Luxury Residence

(Luis Cornelio, Headline USA) He sure is blessed and highly favored.  Sen. Raphael Warnock, D-Ga.—in addition to taking in $174,000 in his taxpayer-funded salary—reportedly lives in a lavish $1 million mansion paid for by none other than Ebenezer Baptist Church, the same church he serves as a senior pastor.  Built in 2022,...

Elon Musk Says He Doesn’t Know Whether Ashley St. Clair’s Baby is His 

(Luis Cornelio, Headline USA) Tech mogul Elon Musk has had enough of the baby momma drama.  On Monday, Musk took to X to respond to a viral video showing his alleged baby mother—conservative influencer Ashley St. Clair—selling her $100,000 Tesla, claiming Musk had slashed nearly 60% of child support payments.  The video,...

Hooters Is Making BIG Changes to Its Restaurants, Dubbed ‘Re-Hooterization’

(Maire Clayton, Headline USA) Hooters announced it is ending its long running "Bikini Nights" in hopes of appealing to families. As the company is on verge of bankruptcy, the CEO of parent company HMC Hospitality Group Neil Kiefer decided to try to rebrand the iconic chain, according to Bloomberg. “I’m calling...

Stock Markets Around the World Tumble as Trump’s ‘Liberation Day’ Approaches

(Headline USA) President Donald Trump's "Liberation Day" is fast approaching, and stock markets from Wall Street to Wellington, New Zealand, are falling Monday in advance of it. In New York, the S&P 500 was down 0.8% following one of its worst losses of the past couple of years on Friday....

Lawyers PAC Funnels over $1 Million to Illinois Democrats

(Kevin Bessler, The Center Square) – A new report reveals how a trial lawyer's political action committee has spent more than $1 million exclusively on Democratic candidates and committees since Election Day 2022. The report is called “Follow the Money: How Illinois Trial Lawyers Fuel a Lawsuit-Friendly Legislature” and was compiled...

Inflation Ticks up in Latest Data

(Casey Harper, The Center Square) Newly released federal inflation data showed prices rose faster than expected in February, contradicting federal data from earlier this month. The Bureau of Economic Analysis released the Personal Consumption Expenditures Index, a key marker of inflation, which showed a modest increase of 0.3% in February,...

CBO: Mounting Debt Could Slow Growth, Pose ‘Significant Risks’

(Brett Rowland, The Center Square) The Congressional Budget Office's newest projects underscore the nation's unsustainable spending plans as Republicans look to extend President Donald Trump's 2017 tax cuts. The CBO said U.S. debt held by the public is on track to reach its highest level ever in 2029 before reaching...

Venmo Voyeurism: Mike Waltz’s App Reveals Journalist Contacts

(José Niño, Headline USA) National security adviser Michael Waltz continues to face scrutiny after he included Jeffrey Goldberg, the editor-in-chief of The Atlantic, in a Signal chat where war plans about bombing Yemen were being discussed.  On Wednesday, it was revealed that his Venmo friend list was publicly accessible until...

As Gold Breaks Out Why Is Platinum Watching From the Sidelines?

(Mike Maharrey, Money Metals News Service) Gold has broken above $3,000 and appears poised to push even higher. So far, platinum has not followed gold’s lead but seems to be watching from the sidelines. What is causing this divergence? Over the last two years, platinum has shown a moderate correlation with...

The Fed’s Silent Surrender: Easy Money Returns as Crisis Looms

(Money Metals News Service) In this week’s episode of the Money Metals Midweek Memo, host Mike Maharrey issued a stark warning about the state of the U.S. economy, monetary policy, and the Federal Reserve’s quiet but significant moves. Maharrey argued that the economy is addicted to easy money, comparing it to...

Ex-Federal Reserve Official Sentenced to 2 Years in Prison for Insider Trading

(Ken Silva, Headline USA) A former official for the Federal Reserve Bank of Richmond was sentenced on Tuesday to 24 months imprisonment for misappropriating internal Fed information to engage in insider trading. The defendant, Robert Brian Thompson, 43, of Mosley, worked as a bank examiner and senior manager with supervisory...

DOGE Claims a 9-Month Old Baby Received $100k Small Business Loan

(Maire Clayton, Headline USA) President Donald Trump and his administration revealed more ways the government was wasting money in a Monday meeting. The Department of Government Efficiency found that millions of dollars in loans were being given to children. “One case of fraud was with the Small Business Administration, where they...
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