Sunday, April 20, 2025

FINANCE

Remington Firearms to Leave New York for Georgia

The nation's oldest gun manufacturer, Remington Firearms, announced Nov. 8 that it will move its global headquarters to LaGrange, Georgia and also build a high-tech manufacturing plant and a research-and-development center there, according to a press release. Remington Firearms (now RemArms due to a 2020 acquisition) will leave Ilion, New...

Yellen Continues to Gaslight as Inflation Hits 30-Year High

(The Center Square) The prices of everyday goods are getting increasingly more expensive, new federal data confirm. Nonetheless, Treasury Secretary Janet Yellen remained in denial---publicly, at least---about the direness of the situation, while perhaps hoping privately that the de-facto tax on consumerism will help usher in the Great Reset and...

Marxist Biden Bank Czar Nominee Wants Fossil Fuel Industries To Go ‘Bankrupt’

President Joe Biden’s nominee for a top banking regulatory position at one point said she wants to see the oil, gas, and coal industries go bankrupt, even if that meant the loss of hundreds of thousands of jobs. Saule Omarova, who graduated college in the USSR and is now Biden’s...

As School Fight Wanes, Fed Hints CRT’s Next Big Battle May Be Banking

(Headline USA) If parents thought the fight to keep Marxist ideas like Critical Race Theory out of our nation's schools was a difficult battle, keeping it from infiltrating America's murky and nebulous financial systems may be near impossible. Unlike classrooms, where teachers are subject to some level of accountability, there...

Wholesale Inflation Rises 8.6% in October, Matching Previous Month’s Record

(Headline USA) Inflation at the wholesale level rose 8.6% last month from a year earlier, matching September's record annual gain and offering more evidence that inflationary pressures are not yet easing. Anyone else in the mood for some mean tweets right about now? https://t.co/DaKv96e2RG — Donald Trump Jr. (@DonaldJTrumpJr) November 9,...

Four Open Slots Give Biden an Opportunity to Reshape Powerful Federal Reserve Board

(Headline USA) With socialist chomping at the bit to nationalize the banking industry, President Joe Biden stands poised to install radical members on the nebulous Federal Reserve's Board of Governors, which has recently been embroiled in scandal. Randal Quarles announced Monday that he will resign from the Fed at the...

Average US Price of Gas Jumps by 5 Cents over Past Two Weeks

(Headline USA) The average U.S. price of regular-grade gasoline jumped by 5 cents over the past two weeks, to $3.49 per gallon. The price at the pump is $1.30 higher than a year ago. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday the rise comes as the cost of...

US Trade Deficit Hits Record of $80.9B in September

(Headline USA) The U.S. trade deficit hit an all-time high of $80.9 billion in September as American exports fell sharply while imports, even with supply chain problems at American ports, continue to climb. The September deficit topped the previous record of $73.2 billion set in June, the Commerce Department reported...

GLEASON: Fed Admits Failure on Price Stability, Doesn’t Care

(Mike Gleason, Money Metals Exchange) Precious metals markets reacted this week to news of the Federal Reserve’s tapering plans. The Fed didn’t deliver any real surprises, though. It left interest rates unchanged as expected and confirmed that it would gradually cut back on monthly asset purchases. This gesture toward tightening does...

White House Claims Vax Mandate Won’t Disrupt Supply Chain

The White House dubiously insisted on Thursday that President Joe Biden’s sweeping employer vaccine mandate would not exacerbate supply-chain issues before the holidays. "If you're asking if we think the rules impact supply chains, the answer is no, we don't think that it will," deputy press secretary Karine Jean-Pierre...

Abbott Offers Solution for Ships Stuck in California Ports

Texas's Republican Gov. Greg Abbott offered a Texan solution via Twitter to California's ongoing shipping crisis, which has created nationwide supply-chain shortages. In the video accompanying the tweet, Abbott suggested that Texas ports replace the regulation-laden California as America's primary place of importing foreign consumer product. According to Abbott, California has...

Hyperbolic Twitter CEO Predicts Hyperinflation

(Mike Gleason, Money Metals Exchange) As trading closes out for October ahead of Halloween, the specter of inflation is haunting markets. While some investors still cling to the hope that it will be transitory, a growing number are now worried that pricing pressures and even shortages will intensify heading into...
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