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Monday, November 25, 2024

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Gold ETFs Globally Add Gold for Third Straight Month

(Mike Maharrey, Money Metals News Service) Gold ETFs charted their strongest month since April 2022 in July. Globally, ETFs added 48.5 tons of gold to their holdings last month, with funds in every region reporting increases. A combination of gold inflows and a 4 percent increase in the price of...

Buttigieg Husband Reveals Thousands in Gambling Income, Speaking Gigs

(Luis Cornelio, Headline USA) Chasten Buttigieg, husband of Transportation Secretary Pete Buttigieg, reported thousands of dollars in gambling income, according to financial disclosure forms released last month.  In 2023, Chasten earned $6,755 from gambling, with winnings reported from MGM National Harbor ($4,152) and Grand Traverse Resort & Casino ($2,603).  These earnings look like pocket...

CNN Star Quits Failing Network as Parent Company Admits $9.1B in Losses

(Dmytro “Henry” Aleksandrov, Headline USA) CNN media reporter Oliver Darcy announced on Aug. 8, 2024, that he left the network and has launched a new newsletter. Meanwhile, CNN's parent company lost $9.1 billion because nobody wanted to watch the propaganda. "The write-down confirmed that legacy cable channels like CNN and...

Another Recession Signal: Credit Card Spending Is Slowing Significantly

(Mike Maharrey, Money Metals News Service) America runs on debt. And American consumers may be getting close to their credit card limits, yet another signal the U.S. economy could be teetering on the brink of a recession. (If it's not there already.) According to the latest data released by the Federal...

Trillion-Dollar Coins: A Dumb Idea That Some Gov’t People Take Seriously

(Mike Maharrey, Money Metals News Service) When I was about 7 years old, my friend Tommy and I decided we were going to dig a cave. We envisioned a massive cavern we could stand up in. It would be our secret fort. We went as far as digging a...

Report: New York City Failed to Control Overspending on Migrants

(Christian Wade, The Center Square) The Adams administration failed to provide oversight of a $432 million contract to provide services to newly arriving migrants, wasting millions of taxpayer dollars, according to a new audit. The report by City Comptroller Brad Lander, who is challenging Eric Adams in next year's Democratic mayoral primary,...

Political Website Axios Cuts 10% of Staff, Cites Shifts in Reader Habits

(Jacob Bruns, Headline USA) Left-leaning news site Axios announced this week that it was planning to cut roughly 10% of its staff in the latest round of corporate media layoffs, the New York Post reported. Axios Chief Executive Jim VandeHei announced in an email Tuesday that the company would cut...

Wall Street Whiplash: Analyzing the Recent Meltdown and Recovery

The financial landscape experienced a seismic shift last week, reminiscent of hitting rumble strips on the interstate—jerking investors awake to the underlying economic dangers. Monday’s drastic stock market selloff, triggered by various catalysts, left investors reeling, though the panic seemed to abate by week's end. But is everything truly back...

Musk Sues Leftist Censorship ‘Alliance’ for Colluding in ‘Massive Advertiser Boycott’ of X

(Headline USA) Elon Musk's social media platform, X, has sued a group of leftist corporations, saying a “massive advertiser boycott” in the wake of his Twitter takeover deprived the company of billions of dollars in revenue and violated antitrust laws. https://twitter.com/elonmusk/status/1820849880283107725 The company filed the lawsuit Tuesday in a federal court...

I Thought Gold Was a Safe Haven! Why Did It Tank With Stocks?

(Mike Maharrey, Money Metals News Service) And in the blink of an eye, the expectation of a “soft” landing turned into worries about a crash landing! It was a bloody Monday in the stock market as analysts digested the dreary jobs report released Friday and suddenly discovered the rot in...

The Rot in the Commercial Real Estate Market in One Story

(Mike Maharrey, Money Metals News Service) I've been watching the commercial real estate (CRE) sector as a potential catalyst for the next financial crisis. So far, it has managed to hold together, but there is still trouble brewing under the surface. The story of one commercial real estate investment by...

Judge: Google Exploiting Search-Engine Monopoly to Squash Competition

(Headline USA) A judge on Monday ruled that Google's ubiquitous search engine has been illegally exploiting its dominance to squash competition and stifle innovation in a seismic decision that could shake up the internet and hobble one of the world's best-known companies. The highly anticipated decision issued by U.S. District...
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