FINANCE

(Dave DeCamp, Antiwar.com) President Donald Trump claimed on Monday that there was “positive momentum” toward ending the Iran war as Tehran’s security chief accused the US of “manufacturing fake news” about diplomatic talks. Trump made the comments in a post on Truth Social after speaking with Qatar Prime Minister Sheikh...

(Headline USA) Artificial intelligence giant Anthropic is looking for an approximately $1.3 trillion valuation when it goes public despite new concerns about the massive amounts debt and money flowing into the sector. The company behind the Claude chatbot said in a regulatory filing on Tuesday that it will sell 825...

(Headline USA)  Popular weight loss drugs including Ozempic and Wegovy will carry a new warning about a possible rare side effect that can sometimes lead to permanent vision loss, U.S. health regulators announced Monday. The Food and Drug Administration said the risk will be added to the labeling of all...

(Mike Maharrey, Money Metals News Service) Here we go again. The Bureau of Labor Statistics (BLS) released the October Consumer Price Index (CPI) data today. It was hotter than expected. Persistent price inflation has once again raised expectations for a December rate hike. In fact, many analysts now think the Fed...

(Mike Maharrey, Money Metals News Service) Gold mine output set a record in the third quarter. However, gold supply fell by 1 percent. What happened? Gold mines globally produced 1,071 tonnes of gold in Q3. It was the highest third-quarter mine output in the World Gold Council’s data series dating to...

(Dave DeCamp, Antiwar.com) President Donald Trump said in an interview with “60 Minutes” that aired on Sunday that he agreed with Vice President JD Vance’s assessment that the Iran war and the US relationship with Israel hurt the Republicans in the midterm elections, but said that he wished the...

(Ken Silva, Headline USA) A former FBI supervisory special agent pled guilty last week to the theft of roughly $1 million worth of cryptocurrency, the Justice Department announced Thursday. The former agent, Patrick Yaroch, admitted to his crimes to another Justice Department employee in July—saying that he wanted to “get...

(José Niño, Headline USA) Democrats intend to investigate alleged corporate favoritism and consider impeaching senior Trump officials after winning both congressional chambers, according to the Financial Times. Their majorities are set to take office in January. Robert Garcia, the leading House oversight Democrat, identified Elon Musk’s federal workforce cuts, corporate...

(Clive Maund, Money Metals News Service) Last week brought dramatic developments across the markets. The plunge in technology stocks, particularly those tied to artificial intelligence, did not surprise us. Recognizing a bubble in search of a pin, we had been expecting it to burst for some time. When it...

(Mike Maharrey, Money Metals News Service) In January, the National Bank of Poland announced plans to buy another 150 tonnes of gold, bringing its reserves to 700 tonnes. Last week, National Bank of Poland (NBP) Governor Adam Glapiński said he would leave the door open for additional purchases now that...

(Mike Maharrey, Money Metals News Service) The Paraguayan banking crisis is a cautionary tale of counterparty risk. The collapse of Ueno Bank left nearly 3 million customers unable to access their bank accounts. That is roughly 60 percent of Paraguay’s adult population. The bank had grown so large that Paraguayan businesses...

(Headline USA) Nvidia is opening an investigation into reports that CEO Jensen Huang was the “target of a foreign intelligence effort,” the company's board of directors said Sunday. The announcement came after Huang acknowledged to the board that he had been intimate with a business executive whom, according to The New...