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Saturday, March 8, 2025

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Gas Prices Declining, May Rise after Fall of Syrian Government

(Casey Harper, The Center Square) An ongoing war in Syria has suddenly ended with the overturning of the longstanding Syrian government, creating national-security and humanitarian concerns but also threatening global oil markets. “Russian oil and gas companies have operated in Syria for years adding to the world’s supply,” Daniel Turner,...

Small Business Optimism Spikes after Election

(Casey Harper, The Center Square) Small business owners' optimism saw a significant spike after President Donald Trump won the White House and Republicans took both chambers of Congress, according to the latest survey data. The National Federation of Independent Businesses released the data Monday, which showed that small business owners...

REPORT: Average American Household Has More than $10,000 in Credit-Card Debt

(Carleen Johnson, The Center Square) The average American household credit card balance as of the third quarter of 2024 was about $10,757 after adjusting for inflation, according to a new study. The personal-finance website WalletHub onFriday released its new Credit Card Debt Study, which found that consumers added $21 billion in...

OpenAI Releases AI Video Generator Sora but Limits How It Depicts People

(Headline USA) OpenAI has publicly released its new artificial intelligence video generator Sora but the company won't let most users depict people as it monitors for patterns of misuse. Users of a premium version of OpenAI's flagship product ChatGPT can now use Sora to instantly create AI-generated videos based on...

Gold And Silver Take Off On Surprise Rally

(Brien Lundin, Money Metals News Service) “Don’t look a gift horse in the mouth.” That was my first thought on seeing gold up about $45...and silver jumping 4%...this morning while other markets weren’t confirming the moves. The Dollar Index was down, but not much. Treasury yields were actually higher. And...

Chinese Central Bank Resumes (Official) Gold Purchases

(Mike Maharrey, Money Metals News Service) After a six-month pause, China's central bank officially resumed gold purchases in November.  According to data released by the People's Bank of China, it added about five tons of gold to its reserves in November. China was the biggest central bank gold buyer in 2023,...

Consumer Debt Surged in October

(Mike Maharrey, Money Metals News Service) After two months of keeping their credit cards in their wallets, American consumers pulled out the plastic again in October. A surge in card spending drove consumer debt higher by $19.2 billion, a 4.5 percent increase, according to the most recent data from the Federal...

Biden Sent 14,000 Agents to Spy on Americans’ Finances, Some Focusing on MAGA

(Luis Cornelio, Headline USA) The House Judiciary Committee and the Weaponization Subcommittee have quantified outgoing President Joe Biden’s astonishing weaponizing of the banking system to spy on Americans. The figures are staggering.  According to an interim report released on Dec. 6, over 14,000 federal agents accessed sensitive financial information of Americans,...

Insufferable MSNBC Host Bleeds Half Viewers Since Trump’s Landslide

(Luis Cornelio, Headline USA) MSNBC’s ReidOut host, Joy Reid, lost nearly half her viewers in the weeks after President-elect Donald Trump’s landslide election on Nov. 5, according to Nielsen data reported by Fox News.  Reid is infamously known for her anti-Republican and anti-Trump rants often devolving into on-air meltdowns.  Reid averaged 759,000...

TikTok Asks Federal Appeals Court to Bar Potential Ban until SCOTUS Review

(Headline USA) TikTok asked a federal appeals court on Monday to bar the Biden administration from enforcing a law that could lead to a ban on the popular platform until the Supreme Court reviews its challenge to the statute. https://twitter.com/TikTokPolicy/status/1866153212123775236 The legal filing was made after a panel of three judges...

Pentagon Sends Additional $988M in Military Support to Ukraine

(Shirleen Guerra, The Center Square) The Department of Defense announced a new round of nearly $1 billion in U.S. taxpayer money for Ukraine as the conflict with Russia continues. Federal spending known to have been allocated for Ukraine now totals at least $62 billion since the long-running war escalated in...

Precious Metals Investigator Hints at Looming Silver Supply Crunch

(Money Metals News Service) In a recent episode of the Money Metals Podcast, host Mike Maharrey sat down with Philip Newman, Managing Director of Metals Focus, to explore the evolving landscape of the precious metals market. The conversation touched on the impact of political changes, industrial demand, and shifting investor sentiment...
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