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Monday, November 25, 2024

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Internet Outages from Apparent Cyberattack a Nightmare for Travelers at Seattle Airport

(Headline USA) An apparent cyberattack disrupted internet, phones, email and other systems at Seattle-Tacoma International Airport for a third day on Monday as Port of Seattle officials worked to investigate the outages and restore full service. “We're working around the clock to get necessary systems back online and to mitigate...

FTC Looks to Block Merger of Kroger, Albertsons that Regulators Say Would Raise Food Prices

(Headline USA) Supermarket chain Albertsons told a federal judge Monday that it might have to lay off workers, close stores and even exit some markets if its planned merger with Kroger isn't allowed to proceed. The two companies proposed what would be the largest supermarket merger in U.S. history in...

Edgar Bronfman Jr. Withdraws Paramount Offer, Allowing Skydance Merger to Proceed

(Headline USA) The merger between entertainment giant Paramount and media company Skydance is set to go ahead after Edgar Bronfman Jr. withdrew a competing offer. Bronfman, executive chairman of streaming service Fubo, told Paramount's special committee of directors Monday night that he would not proceed with his bid. “While there may...

Paper Money Isn’t a Fix for Central Bank Digital Currency (CBDC)

(Mike Maharrey, Money Metals News Service) There has been quite a bit of pushback against governments and central banks around the world as they seek to introduce central bank digital currencies. But in the scramble to block CBDCs, some people seem to have forgotten that there is a more...

Peruvian Gold Exports to India Poised to Set a Record

(Mike Maharrey, Money Metals News Service) Gold exports from Peru to India are poised to set a record in 2024 as demand grows in the world’s second-largest gold-consuming country.  According to Peru’s ambassador to India, Javier Manuel Paulinich Velarde, gold exports to India are projected to rise by 36 percent...

This New Record High for Gold Changes Everything

(Brien Lundin, Money Metals News Service) Gold has set another record high as Jerome Powell confirmed the Fed pivot. While gold has been driven to these heights by Eastern buying, we're now seeing Western investors flocking to the metal as the shift to easier monetary policies begins. And gold stocks are...

National Bank of Poland Was the Biggest Central Bank Gold Buyer in Q2

(Mike Maharrey, Money Metals News Service) The National Bank of Poland was the biggest central bank gold buyer in the second quarter. A Euronews report speculated that the country is "preparing for the worst." The Polish central bank added 19 tons of gold to its reserves in Q2. According to...

Fed Chair Powell Sends Clear Signal that More Inflation Is in the Pipeline

(Mike Maharrey, Money Metals News Service) Federal Reserve Chairman Jerome Powell gave the clearest indication yet that more inflation is in the pipeline during his Jackson Hole Speech on Friday. Powell indicated rate cuts are on the horizon, saying, “The time has come for policy to adjust, adding that “the...

India’s Silver Imports Could Double, Largely from Solar Demand

(Jon Forrest Little, Money Metals News Service) The global economic landscape has undergone a seismic shift over the past few decades, with the outsourcing of jobs from the United States to India playing a pivotal role. This transformation has had far-reaching consequences for both nations, reshaping their economies and...

DOJ Accuses Real-Estate Software Company of Scheme to Help Price-Gouging Landlords

(Headline USA) The Justice Department filed an antitrust lawsuit Friday against real estate software company RealPage Inc., accusing it of an illegal scheme that allows landlords to coordinate to hike rental prices. The lawsuit, filed alongside attorneys general in states including North Carolina and California, alleges the company is violating...

Over 28% of Americans Look for New Jobs, Highest Rate in Decades

(Dmytro “Henry” Aleksandrov, Headline USA) A new labor market survey shows Americans have rarely felt more in need of new job opportunities, indicating that over 28% are currently looking for a new job. The New York Federal Reserve's latest consumer poll found that 28.4% of respondents were looking for a job—the highest...

Inflation, Government Policy, and the Future of the Dollar: Insights from Economist Daniel Lacalle

(Money Metals News Service) In a recent episode of the Money Metals podcast, host Mike Maharrey sat down with economist Daniel Lacalle to discuss pressing economic issues, including inflation, government policy, and the future of the U.S. dollar. Lacalle, a professor of global economy at IE Business School in...
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