(Associated Press) Kroger Co. will close two Southern California supermarkets in response to a local ordinance requiring extra pay for certain grocery employees working during the coronavirus pandemic.
The decision announced by the company Monday follows a unanimous vote last month by the Long Beach City Council mandating a 120-day increase...
(Jp Cortez, Sound Money Defense League) More state lawmakers than ever are introducing sound money legislation in the opening days of the 2021 legislative session.
Several states will consider measures to remove sales or general excise taxes from the purchases of gold, silver, and other precious metals.
Many other states will weigh...
(Clint Siegner, Money Metals News Service) The populist movement to punish Wall Street is turning its focus to silver.
The markets may finally force more honest price discovery. That would certainly be welcomed by metals investors long frustrated by concerns about price suppression.
Silver prices are pushed around by a handful of...
(Associated Press) The price of silver is rallying as the online trading movement fueling the rise of unloved shares like GameStop took a shine to the precious metal.
Silver futures jumped 11% on Monday to about $30 per ounce - an eight-year high - following strong gains over the weekend.
On Twitter,...
(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,...
(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...
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...
(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...
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,...
(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...
(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...
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...