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Friday, May 24, 2024

FINANCE

Red Lobster Seeks Bankruptcy Protection Days after Closing Dozens of Restaurants

(Headline USA) Red Lobster, the casual dining chain that brought seafood to the masses with inventions like popcorn shrimp and “endless” seafood deals, has filed for Chapter 11 bankruptcy protection. The 56-year-old chain made the filing late Sunday, days after shuttering dozens of restaurants. “This restructuring is the best path forward for Red Lobster," CEO...

Chinese Gold Demand Charted Another Strong Month in April

(Mike Maharrey, Money Metals News Service) Despite a rising price, Chinese gold demand remained robust in April. Strong investment demand more than made up for some weakness in the gold jewelry market.  This continues a trend of gold moving from West to East.  China ranks as the number one gold consumer...

All That Glitters Isn’t Gold: Silver Has Outperformed Gold During This Gold Bull Run

(Mike Maharrey, Money Metals News Service) All that glitters isn’t gold. Silver also has quite a shine lately. While gold has gotten the headlines, silver has had a solid bull run over the last several months. In fact, the white metal has outperformed gold in this gold bull market. Last week,...

Microsoft Will Use AI Copilot to Track and ‘Recall’ Everything Windows Users Do

(Headline USA) Microsoft wants laptop users to get so comfortable with its artificial intelligence chatbot that it will remember everything you're doing on your computer and help figure out what you want to do next. The software giant on Monday revealed an upgraded version of Copilot, its AI assistant, as...

Senate Report: High-End European Autos Made w/ Parts from Chinese Slave Labor

(Headline USA) BMW, Jaguar Land Rover and Volkswagen have bought parts made by a Chinese company sanctioned under a 2021 law for using forced labor, a Senate inquiry found, prompting lawmakers to call for stricter enforcement. The automakers responded to the Senate report, released Monday, by saying they have taken action to...

End the Fed… and Replace It with What?

(Stefan Gleason, Money Metals News Service) Last week, Rep. Thomas Massie, R-Ky., introduced the Federal Reserve Board Abolition Act (HR 8421). The bill would do exactly as its title suggests: abolish the Fed. “Americans would be better off if the Federal Reserve did not exist,” Massie said. “The Fed devalues...

SIGNED INTO LAW: Alabama Abolishes Income Taxes on Gold and Silver

(Money Metals News Service) On May 14, 2024, Alabama Governor Kay Ivey signed a bill that removes all income taxes on capital gains from the sale of gold and silver, enabling the state to take an important step forward in reinforcing sound money principles. With this move, Alabama joins a...

Brien Lundin Unpacks Gold and Silver Trends Amid Inflation Concerns

(Money Metals News Service) On the latest episode of the Money Metals Exchange podcast, host Mike Maharrey sat down with Brien Lundin, the editor of Gold Newsletter and CEO of the New Orleans Investment Conference. The discussion was timely, recorded on the day the April Consumer Price Index (CPI) data was...

Watchdog Warns of Oreo-Maker’s Ties to Radical Globalist, Marxist Organizations

(National Legal and Policy Center) Following the viral online ad it released about Oreo and its troubling partnership with LGBT advocacy group PFLAG, a leading conservative-oriented corporate watchdog, the National Legal and Policy Center has published a follow-up video to promote a shareholder proposal it will present on May 22 at the annual meeting of Mondelez International,...

Kamala’s Claims Expose Dark Realities of the ‘Inflation Reduction Act’

(Luis Cornelio, Headline USA) It's safe to say Vice President Kamala Harris can’t keep a secret, as she recently shed light on Democrats' hidden agenda concerning an "inflation" bill.  On Friday, Harris affirmed that the Biden administration is “dropping trillions of dollars on streets of America right now” through the infamous Inflation...

Rep. Massie Gives David Hogg a Reading Lesson on the Federal Reserve

(Ken Silva, Headline USA) The late Austrian economist Murray Rothbard once said, “It is no crime to be ignorant of economics … But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.” Apparently, Parkland school shooting survivor David Hogg...

The Gold and Silver Ship Will Set Sail!

(Mike Maharrey, Money Metals News Service) Over the last couple of months, gold has scaled record highs, peaking at over $2,430 an ounce before correcting and settling in the $2,300 range.  That's a healthy gain. But you could argue that gold remains significantly underpriced given the inflation we've experienced that...
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