Friday, June 6, 2025

FINANCE

Report: Jeffrey Epstein Invested w/ JD Vance’s Mentor

(Ken Silva, Headline USA) Billionaire Peter Thiel, who co-founded PayPal and Palantir Technologies, was notably one of the first tech moguls to support President Donald Trump’s 2016 presidential campaign. He later bankrolled Vice President JD Vance’s run for U.S. Senate, and Vance has called Thiel his "mentor." Before he did...

DC Mayor Bowser Faces Ethics Complaint over $62K Foreign Trip

(Luis Cornelio, Headline USA) Did the anti-Trump DC mayor break the law by accepting gifts and free travel from a foreign government? A watchdog group just filed an ethics complaint on this matter.  The Foundation for Accountability and Civic Trust filed a complaint Tuesday with the Board of Ethics and Government...

Cringe Alert: Dems Unveil ‘TACO’ Campaign in an Attempt to Annoy Trump

(Luis Cornelio, Headline USA) The Democratic National Committee has unveiled its latest anti-Trump stunt, baffingly branded “TACO,” an acronym for “Trump Always Chickens Out.”  The campaign, first reported by Axios on Tuesday, comes in response to Trump lecturing a reporter who mentioned the Wall Street phrase allegedly used to predict his reaction to...

CNN Anchor Exits Network in Disgrace Following Defamation Embarrassment

(Luis Cornelio, Headline USA) CNN star correspondent Alex Marquardt announced on Monday that he was leaving the network, just months after his misleading reporting on Navy veteran Zachary Young triggered a $5 million defamation payout.  Marquardt made the announcement on X, reminiscing about his eight years with the network. “Tough to...

GOP Fractures as Elon Musk and Rand Paul Oppose Trump’s ‘Big, Beautiful Bill’

(Headline USA) President Donald Trump wants his “big, beautiful” bill of tax breaks and spending cuts on his desk to be signed into law by the Fourth of July, and he's pushing the slow-rolling Senate to make it happen sooner rather than later. Trump met with Senate Majority Leader John Thune...

Central Banks Added More Gold in April Despite Record Prices

(Mike Maharrey, Money Metals News Service) Central bank gold buying moderated in April, as the gold price hit record levels. Globally, central banks officially added a net 12 tonnes of gold to their reserves in April, according to the latest data compiled by the World Gold Council. This was 12...

Peak Gold? Gold Mine Production Has Plateaued in Recent Years

(Mike Maharrey, Money Metals News Service) Gold mine output has been basically flat since 2018. Could this signal that we are at or near “peak gold?” Gold mines globally produced an estimated 3,661 tonnes of gold in 2024. It was a new record, but only 3 tonnes higher than the...

A Truly Stellar Day for Gold, Silver, and Mining Stocks

(Jesse Colombo, Money Metals News Service) Gold, silver, and mining stocks just had a stellar day, significantly improving their technical setups. Gold jumped 2.8% while silver surged 5.38%, driven by a weaker U.S. dollar and escalating trade tensions with China. Over the weekend, President Trump accused China of violating a recent...

What’s Next for U.S. Steel After $14B Merger?

(Lauren Jessop, The Center Square) What’s next for U.S. Steel after its $14 billion merger? It’s either the golden age or a clever mirage, depending on who gets asked. That’s because the final details, while still scant, don’t satisfy critics about the iconic Pittsburgh company’s new partnership with Japanese-owned Nippon...

Crooks Steal Millions in Gold and Silver in Brazen Jewelry Store Burglaries

(Mike Maharrey, Money Metals News Service) Acquiring and holding hard assets is one thing. Keeping them safe is quite another. A Southern California business owner -- and his customers -- just learned this the hard way. In recent days, thieves cleaned out a Simi Valley jewelry store, making off with...

Hunter Biden Downgrades to Rented Toyota After Trump Ends Tax-Paid Security

(Luis Cornelio, Headline USA) Hunter Biden is no longer riding high at taxpayers’ expense.  Hunter, former President Joe Biden’s embattled son, was spotted in South Africa driving a rented Toyota sedan, Fox News reported Friday.  Trump had yanked his taxpayer-funded Secret Service protection and black Chevy Suburban vehicles.  Until March, Hunter had been chauffeured...

Unpacking the Baseline Battle: Trump’s ‘Big, Beautiful Bill’ and the National Debt

(Thérèse Boudreaux, The Center Square) Top U.S. Senate Republicans are eyeing a controversial accounting method to theoretically slash the multi trillion-dollar price tag of President Donald Trump’s “big, beautiful bill.” However, tax policy experts remain strongly divided over whether the tactic would constitute legitimate policy or a recipe for fiscal...
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