Friday, May 30, 2025

FINANCE

Foreigner Extradited to America and Sentenced for USAID Fraud in Pakistan

(Ken Silva, Headline USA) The Justice Department announced Monday that Stephen Paul Edmund Sutton, 53, a United Kingdom citizen, pleaded guilty and was sentenced for his participation in a fraud scheme. Sutton is presumably already back on a plane to the UK. He was extradited to the U.S. and sentenced...

FDA No Longer Recommends COVID Vaccine for Healthy Babies

(Headline USA) The U.S. government no longer recommends the COVID-19 vaccine for healthy babies thanks to new guidelines from the Trump administration, which said Tuesday it will limit approval for seasonal COVID-19 shots to seniors and others at high risk pending more data on everyone else. Top officials for the Food...

Arkansas and Other States Rally Behind Israel with Record-Breaking Bond Purchases

(José Niño, Headline USA) The Arkansas state government has thrown its weight behind Israel, investing millions and reinforcing a growing trend among U.S. states. Gov. Sarah Huckabee Sanders, R-AR, announced a plan to invest up to $50 million in Israel Bonds in the middle of May. According to the Arkansas...

Trump’s ‘Golden Dome’ Missile Shield Expected To Cost $500 Billion

(Dave DeCamp, Antiwar.com) President Trump’s plan to develop a new massive missile defense system for the US, dubbed the “Golden Dome” or the “Iron Dome for America,” is expected to cost $500 billion over the next 20 years, CNN reported on Monday, citing an estimate from the Congressional Budget...

Poland Has More Gold Than the European Central Bank

(Mike Maharrey, Money Metals News Service) Poland now holds more gold than the European Central Bank. National Bank of Poland (NBP) governor Adam Glapiński noted this fact during a recent press conference, saying he views gold as a shield against global instability and a cornerstone of economic sovereignty. “This shows the...

Challenges Remain on GOP Budget Package After Initial Holdouts Allow It to Advance

(Thérèse Boudreaux, The Center Square) The Republican multitrillion-dollar budget reconciliation package may undergo significant edits before reaching the House floor after party leaders conceded to holdouts’ demands. House Speaker Mike Johnson, R-La., wants the 1,116-page policy bill to pass the House before Memorial Day next Monday, but fiscal hawks on...

Moody’s Knocks Down U.S. Credit Rating Over Continuous Deficits

(Brett Rowland, The Center Square) Moody's knocked down the U.S. credit rating to AA1 on Friday, projecting Congress won't be able to reduce the nation's growing debt.  Moody's was the last credit-rating agency to keep the U.S. at a top AAA rating. That changed Friday, with Moody's joining S&P Global...

Crew Members of Tall Ship that Collided with Brooklyn Bridge Return Home to Mexico

(Headline USA) Many crew members on the Mexican navy tall ship that suffered a deadly collision with the Brooklyn Bridge have flown home from New York, officials said Monday. Seven officers and 172 cadets who were aboard the Cuauhtemoc training vessel arrived early Monday at the port of Veracruz, where...

Biotechnology Company Regeneron Buying 23andMe for $256 Million

(Headline USA) Biotechnology company Regeneron Pharmaceuticals is buying 23andMe for $256 million, two months after the genetic testing company filed for Chapter 11 bankruptcy protection. In March 23andMe said that it was looking to sell “substantially all of its assets” through a court-approved reorganization plan. Its co-founder and CEO Anne...

Revisiting the Bullish Case For Silver

(Jesse Colombo, Money Metals News Service) Though silver has been quiet lately, it’s important to be aware of the many bullish factors that are setting the stage for a strong move higher. As an analyst and investor who strongly believes in silver’s long-term potential, I often revisit and share key...

Industrial Demand for Gold Steady in Q1

(Mike Maharrey, Money Metals News Service) Every once in a while, you’ll hear some talking head on a financial network claim that gold is “a useless metal.” This is an absurd statement. Fundamentally, gold is money, accounting for a lot of its demand, but it also has practical uses. In the first...

Gold Demand Surges: A Global Breakdown with the World Gold Council

(Money Metals News Service) Gold demand soared in the first quarter of 2025, hitting its highest Q1 level since 2016. To explain what’s driving the trend, Mike Maharrey spoke with Juan Carlos Artigas, global head of research at the World Gold Council. Artigas offered key insights from their latest Gold Demand...
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