Wednesday, August 13, 2025

FINANCE

China Pushes Back at US Demands to Stop Buying Russian and Iranian Oil

U.S. and Chinese officials may be able to settle many of their differences to reach a trade deal and avert punishing tariffs, but they remain far apart on one issue: the U.S. demand that China stop purchasing oil from Iran and Russia. “China will always ensure its energy supply in...

Boeing Workers Who Build Fighter Jets Plan to go on Strike

(Headline USA) Boeing workers who build fighter jets are planning to go on strike Monday at midnight. About 3,200 workers at Boeing facilities in St. Louis; St. Charles, Missouri; and Mascoutah, Illinois, voted to reject a modified four-year labor agreement with Boeing, the International Association of Machinists and Aerospace Workers...

Trump Sets Global Tariffs as Consumers Brace for Price Hikes

(Brett Rowland, The Center Square) Consumers across the country are bracing for higher prices on everything from coffee to cars as President Donald Trump's full suite of "Liberation Day" tariffs go into effect next week.  Some public companies had previously delayed price hikes, but that could change as more tariffs...

Facebook Accused of Hacking Snapchat to Harvest Encrypted User Data

(Ben Sellers, Headline USA) A tech entrepreneur's viral thread about corporate espionage using Israeli software went viral Friday after catching the attention of Elon Musk and other prominent social-media influencers. The thread suggested, among other things, that Facebook may have hacked into the encryption software of rival Snapchat in order...

Gold, Geopolitics & the Coming Commodity Clash

(Money Metals News Service) In a compelling episode of the Money Metals Podcast, host Mike Maharrey sits down with Frank E. Holmes, CEO and CIO of U.S. Global Investors and Executive Chairman of Hive Blockchain Technologies, for a wide-ranging discussion on gold, platinum, interest rates, the dollar, and the shifting...

TikTok Appoints Israeli Army Instructor to Manage ‘Hate Speech’ Policy

(José Niño, Headline USA)  The video-sharing app TikTok has appointed Erica Mindel, a former Israeli army instructor and former U.S. State Department contractor, to manage its so-called “hate speech” policy, according to a report by The New Arab.  The appointment, confirmed last week, is drawing allegations that the platform is...

Unemployment Rate Steady, 73,000 Jobs Added

(Sarah Roderick-Fitch, The Center Square) The U.S. economy added 73,000 jobs in July, while the unemployment rate has remained steady at 4.2% over the past few months. "I've been calling this a 'Frozen' job market for awhile. Now I would call it a red flag. The economy is barely adding...

Trump Tariff List: Here’s the Full list of Rates by Country

(Brett Rowland, The Center Square) President Donald Trump's "Liberation Day" tariffs will go into effect next week and added imports' duties will apply to shipments by vessel starting Oct. 5.  Here's the full list:  Afghanistan: 15% Algeria: 30% Angola: 15% Bangladesh: 20% Bolivia: 15% Bosnia and Herzegovina: 30% Botswana: 15% Brazil: 10% Brunei: 25% Cambodia: 19% Cameroon: 15% Chad: 15% Costa Rica: 15% Côte...

Here’s What’s Happening in Gold & Silver Right Now

(Jesse Colombo, Money Metals News Service) Gold and silver remain in consolidation, but their technical setups are still strong—despite the confusing crosscurrents caused by unpredictable tariff developments. It’s been a volatile and tumultuous week, marked by the Fed meeting, a slew of key economic data—including the U.S. GDP report—and a...

Strong Physical Investment in Asia Drives Overall Gold Demand Higher

(Mike Maharrey, Money Metals News Service) The strongest physical investment gold demand since 2013 helped push overall demand up a healthy 3 percent through the first half of 2025, but American investors, by and large, sat on the sidelines. Including over-the-counter investment (OTC), gold demand totaled 1,249 tonnes in H1,...

What Happens If You Blow Up Gold?

(Mike Maharrey, Money Metals News Service) Do you know what you get if you blow up gold? Gold! Just in a lot smaller pieces. One of the important characteristics of gold is that it’s virtually impossible to destroy. You can melt a gold bar, but once it cools, it’s the...

Trump Calls for Investigation of Nancy Pelosi’s Stock Trades

(José Niño, Headline USA)  As tracking accounts online highlight a series of lucrative, well-timed stock trades by former House Speaker Nancy Pelosi’s family. President Donald Trump is demanding she be investigated for insider trading. Earlier this week, the Senate Homeland Security and Government Affairs Committee narrowly approved a bill, in...
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