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Saturday, March 8, 2025

FINANCE

Trump Picks Billionaire Howard Lutnick for Commerce Secretary

(Headline USA) President-elect Donald Trump chose Howard Lutnick, head of brokerage and investment bank Cantor Fitzgerald and a cryptocurrency enthusiast, as his nominee for Commerce secretary. If confirmed, Lutnick would have a key role in carrying out Trump's plans to raise and enforce tariffs as part of his America First...

DNC Union Blasts Hypocritical Dem Leadership Over Mass Lay-Offs

(Headline USA) The union that represents staffers at the Democratic National Committee blasted the organization for firing employees en masse after Vice President Kamala Harris’s loss. The DNC Staff Union blasted the lay-offs as “shocking,” and blamed them on “callous and short-sighted mismanagement” by DNC leaders, according to Axios. “These cuts go...

Silver Is a Strategic Asset for Diversification and Hedging Risk

(Mike Maharrey, Money Metals News Service) "Silver is a reliable hedge against inflation, currency devaluation, and systemic financial instability." This is the conclusion of a new report by Toronto-based Capitalight Research Inc. commissioned by the Silver Institute. "Institutional investors seeking to strengthen their portfolios through diversification should consider the compelling benefits of investing...

UAE Poised to Help Usher in ‘Asian Century’ for Gold

(Mike Maharrey, Money Metals News Service) The United Arab Emirates is poised to usher in an “Asian Century” for gold to challenge dollar dominance, according to a report published by the Dubai Multi Commodities Centre (DMCC). The UAE leapfrogged the United Kingdom to become the world’s second-largest gold trade hub...

Gold & Silver Are Rebounding

(Brien Lundin, Money Metals News Service) Gold bugs were rattled by the drop of more than $200 over the past two weeks, but this week's big rally has clawed much of that back in one fell swoop. The question remains whether the bull market is back in force over the...

NYC Bakery Booms after Whoopi Goldberg Slandered It on ‘The View’

(Maire Clayton, Headline USA) After View co-host Whoopi Goldberg slanderously implied that a New York City bakery had refused to fill her order over her radical political beliefs last week, the Staten Island shop has experienced a surge in sales. Patrons took to social media to support the bakery, showing...

Inflation Isn’t Likely to Go Away

(Clint Siegner, Money Metals News Service) Gold and silver futures speculators began selling contracts in anticipation of a Trump victory. Thus far, the selling continues after his win. The markets may have simply been overbought after big moves higher in October. However, the impact of the election cannot be discounted. The...

Indian Gold Demand Strong During Diwali, Despite Record High Prices

(Mike Maharrey, Money Metals News Service) Indian gold demand held up during the Diwali season despite surging prices, as festival buying was boosted by strong investment demand. Diwali is the Hindu festival of lights. It is considered an auspicious time to buy gold, and many Indian couples choose to get...

Jeffrey Tucker Discusses Inflation and Post-Pandemic Realignments

(Money Metals News Service) In a riveting discussion with host Mike Maharrey, economist and writer Jeffrey Tucker dug deep into key economic challenges and societal shifts shaping the U.S. in recent years. As founder and president of the Brownstone Institute, Tucker provides a unique lens into the intersection of economics, public policy, and...

Are Americans Tapped Out? Consumer Borrowing Tanked in September

(Mike Maharrey, Money Metals News Service) We keep hearing that the economy is "robust" and gliding to a soft landing, but there are cracks in the foundation if you care to look closely enough. American consumers have continued to spend over the last two years despite the stranglehold of price...

NYT Details Stunning Harris Campaign Expenditures: $100M Per Week

(Ken Silva, Headline USA) In the wake of Vice President Kamala Harris’s failed 2024 presidential election run, numerous observers expressed bewilderment at how her campaign could have spent a reported $1 billion in about 15 weeks. But it turns out, that $1 billion estimate was incorrect. The Harris campaign actually...

Texas Again Breaks Its Own Jobs Records

(Bethany Blankley, The Center Square) Texas continues to break jobs records every month and October was no different. Texas again grew jobs at a faster annual rate than the national job growth rate over the year in October. It also set a new record high for the greatest number employed...
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