FINANCE

(Stefan Bartl, Money Metals News Service) On August 15, 1971, Richard Nixon interrupted Sunday-night television to announce the New Economic Policy. With the Vietnam War winding down, Nixon argued that the economy required federal action to deliver what he called “a new prosperity without war.” Nixon declared that night,...

(Chris Wade, The Center Square) Federal authorities have charged six individuals in Maine with allegedly defrauding the federal government by submitting false claims for home care services they didn't provide.  The U.S. Attorney's Office for the District of Maine announced Tuesday that a federal grand jury indicted six individuals and...

(Headline USA) A prominent Georgia Republican who ran a Ponzi scheme that federal prosecutors said caused losses of more than $76 million to more than 300 victims has been sentenced to spend 15 years in federal prison. Edwin Brant Frost IV, 69, had pleaded guilty in May to a charge...

(Headline USA) Federal law enforcement agents searched a Beverly Hills home early Tuesday as part of an investigation into Eric Swalwell, who resigned from Congress amid a wave of sexual misconduct allegations, two people familiar with the investigation told The Associated Press. Agents searched the home of wealthy developer and...

(José Niño, Headline USA) Secret bank accounts, Gulf rulers, and private fortunes sit at the center of a contested new account of Jared Kushner’s diplomacy. Reviewing Matthew Cole’s “Princes and Thieves” for the New York Times, Fintan O’Toole argues that its allegations warrant congressional investigation, while emphasizing that the...

(Mike Maharrey, Money Metals News Service) The midterm elections are fast approaching, and Democrats are widely expected to make significant gains. How might this impact the gold market? If history is any indication, it will all depend on how the shift impacts policy. Prediction markets expect the Democrats to take both the...

(Mike Maharrey, Money Metals News Service) Five countries have opened gold-refining facilities as African gold producers seek to keep more of their wealth at home. As it stands, large amounts of raw gold ore leave Africa for refining. The gold later returns to the continent as imports in the form...

(Sarah Roderick-Fitch, The Center Square) With the midterm elections a week away and oil flowing through the Strait of Hormuz at prewar levels, gas prices remain high, dropping slightly in the last month. U.S. Central Command reported over the weekend that the United States has ensured 1.5 billion barrels of...

(Elyse Apel, The Center Square) Former President Barack Obama and President Donald Trump both campaigned in Michigan over the weekend, highlighting the national importance of the state’s closely-watched U.S. Senate race. Obama attended a rally in Detroit on Saturday, throwing his support behind Democrat U.S. Senate candidate Abdul El-Sayed. “We’re clear...

(Headline USA) Artificial intelligence giant Anthropic filed papers Monday for what could be the biggest initial public offering of stock ever even as its top executive warns that advanced AI could pose an existential threat to humanity. The filing sets up the San Francisco company for a Wall Street debut...

(Mike Maharrey, Money Metals News Service) Some people in tech circles are calling it Black October. AI has reached the point where it can blast through cybersecurity defenses that were once considered unbreachable. That means virtually anything digital can be hacked – including your bank account. Do you know what can’t be...

(Mike Maharrey, Money Metals News Service) Russia is demonstrating that gold's role as money has not diminished. It remains a critical monetary reserve asset that can be utilized when conventional revenue and financing are restricted. Russia drew down its gold holdings by another 6.2 tonnes in September. That dropped the...