FINANCE

Inflation in Pictures

(Mike Maharrey, Money Metals News Service) Ask pretty much anybody, and they’ll tell you we have an inflation problem. But what does that mean? And how did it happen? Most people have no clue. The first problem is that policymakers and the media use a very imprecise definition of inflation. For most people,...

1,600 Baby Teeth Purportedly Found at Mexico Grave Site

(José Niño, Headline USA)  A volunteer search collective in western Mexico says it recovered at least 1,600 baby teeth from a suspected clandestine burial site, but Mexican authorities say they have no official record of such a discovery. The competing claims have fueled demands for an independent forensic investigation,...

Report: US Marines Injured by Iranian Attack on Ship in the Strait of Hormuz

(Dave DeCamp, Antiwar.com) NBC News reported on Sunday night that eight US Marines were injured two weeks ago when an Iranian missile hit a ship they were operating on in the Strait of Hormuz. The report, which cited unnamed US officials, said the Marines sustained smoke inhalation and potentially traumatic...

5 Men Bailed After Air UK Base Arrest

(Headline USA) Five young British men arrested on explosives and terror charges near a U.S.-operated air force base in England were released on bail Monday, and counterterror detectives said they were investigating “multiple lines of inquiry,” including whether there is a link to Iran. The men were detained early Sunday...

Big Chinese Banks Ending Retail Leveraged Gold and Silver Futures Trading

(Mike Maharrey, Money Metals News Service) At least a dozen large Chinese banks plan to end leveraged precious metals futures contracts. Specifically, banks are shutting down Shanghai Gold Exchange margin-traded deferred contracts, including Au(T+D) and Ag(T+D). The move could potentially increase demand for physical metal in China, the world's largest gold...

India Gold Market Cautiously Optimistic With Approach of Festive and Wedding Seasons

(Mike Maharrey, Money Metals News Service) The Indian gold market is cautiously optimistic as we approach the festive gold-buying season. Higher prices continue to weigh on gold jewelry demand even as they support investment purchases. Meanwhile, wedding buying appears “resilient,” according to the World Gold Council. India ranks as the world’s...

Former Trump Attorney Alina Habba Set to Marry Turkish Billionaire

(José Niño, Headline USA)  Former Trump attorney and former administration official Alina Habba is expected to marry Turkish businessman Turhan Mildon on Saturday, according to The Correspondent. The outlet reported that four sources confirmed the planned marriage but did not identify the venue. Habba and Mildon, who is a billionaire,...

Nomi Prins: Fed Rate Hike Doesn’t Change Gold’s Long-Term Outlook

(Money Metals News Service) On a recent episode of Money Metals Weekly Market Wrap, the Money Metals podcast, host Mike Maharrey spoke with Nomi Prins about higher interest rates, rising oil prices, Treasury market strain, and accelerating government debt. Prins argued that these forces continue to reinforce the case...

Pentagon Can Label Anthropic a Supply Chain Risk, Judge Says

(Headline USA) In the latest twist in Anthropic's dispute with the Pentagon, a federal appeals court on Friday rejected the artificial intelligence lab's challenge to the government's labeling of it as a supply chain risk. The decision allows the Pentagon to continue to remove Anthropic’s Claude models from its systems...

Facebook Found Guilty of Deceiving Users About Privacy Protections

(Headline USA) A New Mexico jury on Friday found Facebook liable for deceiving users about privacy protections on the platform in the latest legal setback against the social media giant that has already cost it billions of dollars. The jury found over 43 million violations of state consumer protection law...

Xi Tells Trump To Handle Taiwan Issue ‘Carefully’ During Oval Office Meeting

(Dave DeCamp, Antiwar.com) During an Oval Office meeting with President Donald Trump in Washington on Thursday, Chinese President Xi Jinping conveyed China’s position on Taiwan and told the US president to approach the issue “carefully,” The South China Morning Post reported, citing the Chinese broadcaster CCTV. The report said that...

Tucker Carlson Recounts Conversation With Trump Days Before Iran War Started

(Dave DeCamp, Antiwar.com) Former Fox News host Tucker Carlson said in an interview with NPR, published on Thursday, that in the days before the United States and Israel launched the war with Iran, President Donald Trump dismissed Carlson’s concerns about the conflict by saying, “We all die anyway.” Carlson said...
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