Tuesday, May 13, 2025

FINANCE

Main Street Is Stressed: Bankruptcy Inquiries at Pandemic-Era Levels

(Mike Maharrey, Money Metals News Service) In another sign that things aren’t so great on Main Street, bankruptcy inquiries hit pandemic-level highs in Q1. More and more people are worried about a looming recession. The mainstream blames these economic worries on tariffs, but it’s pretty clear Americans started feeling the...

White House Gives Disappointing Update about Epstein Files Release

(Luis Cornelio, Headline USA) The White House poured cold water on hopes that the full Epstein files would be released anytime soon.  Speaking to reporters on May 1, White House Press Secretary Karoline Leavitt said there was no “specific timeline” for the release of the remaining documents tied to convicted sex offender...

How Much Is My Scrap Gold Worth?

(Mike Maharrey, Money Metals News Service) With gold setting record after record, people are scrambling to cash in by selling scrap gold and jewelry. Selling gold tucked away in a jewelry box or gathering dust on a shelf can certainly put extra cash in your wallet, but you should manage...

Silver Supply Deficit and Other Silver News

(Mike Maharrey, Money Metals News Service) Silver demand outstripped new supply for the fourth straight year as industrial demand set another record. This was one of several stories featured in the new edition of Silver News published by the Silver Institute. Silver industrial demand rose 4 percent in 2024 to 680.5 million ounces, according...

Warren Buffett Will Remain Chairman at Berkshire Hathaway When Greg Abel Takes Over as CEO in 2026

(Headline USA)  Billionaire Warren Buffett will remain chairman of the board at Berkshire Hathaway when vice chairman Greg Abel takes over for Buffett as CEO at the start of 2026. The board of directors at the cash-rich conglomerate voted Sunday to keep the legendary 94-year-old investor as head of the...

When To Sell Gold

(Clint Siegner, Money Metals News Service) Gold has outperformed most asset classes for the last 25 years. If you think about it, that is a pretty remarkable run. Economic conditions varied widely, but gold held up better in tough times as well as during periods of growth. In all likelihood,...

Money Metals CEO Stefan Gleason: Building Trust in the U.S. Bullion Market

(Money Metals News Service) In a revealing episode of the Paydirt Podcast, host Peter Krauth of Silver Stock Investor sits down with Stefan Gleason, President and CEO of Money Metals Exchange, to explore the company’s rapid growth, its commitment to ethical practices, and where gold and silver prices may be headed next. With nearly...

Report: DOGE Cuts Behind Nearly Half of All Layoffs This Year

(Brett Rowland, The Center Square) President Donald Trump's Department of Government Efficiency is responsible for nearly half of all job cuts announced this year, according to a new report. The report from outplacement firm Challenger, Gray and Christmas said DOGE-related actions lead all job cut reasons in 2025 with 283,172,...

Trump Signs Order to Have Truckers Prove English Proficiency

(José Niño, Headline USA) Earlier this week, President Donald Trump signed an executive order mandating that commercial truck drivers demonstrate proficiency in English to operate on U.S. roadways.  The order, which rescinds Obama-era policies that relaxed enforcement of language requirements, directs the Department of Transportation (DOT) to develop stricter testing...

Hunter Biden Drops Dubious Suit Against IRS Whistleblowers

(Luis Cornelio, Headline USA) Hunter Biden, the embattled son of disgraced former President Joe Biden, has dropped his longshot lawsuit against the two IRS whistleblowers who exposed how the federal government shielded him from criminal scrutiny for years.  Filed in 2023, the lawsuit claimed IRS agents Gary Shapley and Joseph Ziegler had...

Jim Grant Warns of Long-Term Inflation and a Secular Bear Market in Bonds

(Money Metals News Service) On the Money Metals podcast, host Mike Maharrey interviewed James “Jim” Grant—founder of Grant’s Interest Rate Observer—for a sharp, historically grounded discussion on inflation, interest rates, and the fragile state of American fiscal credibility. Jim Grant is one of the most respected financial historians and market analysts of our time. With...

Employers Added 177,000 Jobs as Job Market Shows Resilience

(Headline USA) American employers added a 177,000 jobs in April as the job market showed resilience in the face of President Donald Trump's trade wars. Hiring fell slightly from a revised 185,000 in March, but that is above economist projections of 135,000 jobs. The unemployment rate remained at a low...
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