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Saturday, April 5, 2025

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GameStop Buyers Ready to ‘Burn It All Down’ to Punish Wall Street

(Headline USA) They've endured a financial crisis. Two deep recessions. Mounds of student debt. Stagnant pay. Costly health care. Dim job prospects. They've seen the uber-rich grow richer while tyrannical government shutdowns threw tens of millions of people out of work and left many more isolated and vulnerable at home. Now,...

GameStop Soars Again; Wall Street Bends Under the Pressure

(Headline USA) GameStop’s stock is back to the races Friday, and worries are growing about how much damage the frenzy over a handful of companies by Main Street investors will do to Wall Street overall. The S&P 500 dropped 2% and was heading for its worst week in months. GameStop shot up...

HAWLEY: ‘Too Big to Fail’ Wall St. Firms ‘Don’t Want Competition’

Sen. Josh Hawley, R-Mo., said the private investors who initiated the short squeeze on GameStop's (GME) stock price, causing hedge funds to suffer major losses, have faced more criticism than Wall Street did for tanking the entire economy in 2008. "What we’ve seen I think with this GameStop meltdown that...

Brokerages Limit Trading in GameStop, Sparking Outcry

(Headline USA) Robinhood and other retail brokerages took steps to tamp down the speculative frenzy surrounding companies such as GameStop, but the actions only sparked more volatility in the market and an outcry from users of the platforms and some members of Congress who say small investors are being treated...

Remember What the Letters ‘BP’ Used to Stand For?

BP’s oil exploration team has been cut down to 100 people from its peak of more than 700 as part of the company’s effort to prioritize climate change. Hundreds have left the oil exploration team in recent months under the leadership of CEO Bernard Looney --- either having been transferred,...

AUDIT: California Paid $10.4 Billion in Fraudulent Benefits; $810 Million to 45,000 Inmates

(Associated Press) An audit released Thursday found the California Employment Development Department has likely paid $10.4 billion in fraudulent benefits from March to December, a number that is likely to grow in the coming months. California State Auditor Elaine Howle said the agency was slow to react to warnings of...

US Economy Shrank 3.5% in 2020 After Growing 4% Last Quarter

(Headline USA) Forced into a widespread shutdown blamed on the coronavirus, the U.S. economy grew at a 4% annual rate in the final three months of 2020 and shrank last year by the largest amount in 74 years. For 2020 as a whole, a year when the coronavirus inflicted the worst...

Will the Internet Corner the Physical Silver Market?

On the heels of a truly extraordinary social-media-fueled buying frenzy involving shares of GameStop and AMC Theaters, some attention is turning to physical silver. Could a short squeeze in silver be coming too? It's fairly common knowledge that bullion banks have been perpetually short in the silver futures market, using their...

Goya Board Censures CEO Over Support for Trump

Goya’s board of directors reportedly voted to censure CEO Robert Unanue over his continued support for former President Donald Trump. Unanue supported Trump’s claims that the 2020 presidential election had been stolen and even appeared on Fox Business on Inauguration Day arguing that President Joe Biden’s win was “unverified.” He also...

UNREALISTIC: Biden Pledges to Replace Gov’t Fleet w/ Union-Made, American, Electric Vehicles

President Joe Biden pledged this week to replace all vehicles owned by the federal government with U.S.-made electric vehicles. “The federal government also owns an enormous fleet of vehicles which we're going to replace with clean, electric vehicles made right here in America by American workers,” Biden said while discussing...

Biden to Pause Oil and Gas Sales on Public Lands

(Headline USA) President Joe Biden is set to announce a wide-ranging moratorium on new oil and gas leasing on U.S. lands and waters, as his administration moves quickly to reverse Trump administration policies on energy and the environment to address so-called "climate change." Two people with knowledge of Biden’s plans outlined...

Companies Skip Super Bowl Ads; Fear Ticking Off Half the Country

Several of the companies known for their hit Super Bowl commercials have decided to sit this year's game out over concerns about political polarization. Budweiser, Pepsi Co., Coca-Cola, and other major corporations have backed out of advertising during this year’s broadcast and have decided to give money to coronavirus relief...
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