Monday, June 30, 2025

FINANCE

Utah Senator Mike Lee Proposes Largest Public Land Sale in U.S. History

(José Niño, Headline USA) A Utah senator's plan to sell millions of acres of western public lands has united an unlikely coalition of conservative environmentalists, Trump administration veterans, and Democratic lawmakers in fierce opposition to what they view as an unprecedented threat to America's natural heritage. In the middle of...

Gold Holds, Silver Surges, and the East Takes Lead

(Money Metals News Service) In a wide-ranging interview on the Money Metals podcast, host Mike Maharrey spoke with Philip Newman, Managing Director and founding partner of Metals Focus, one of the most trusted independent research firms in the global precious metals space. Founded in 2013, Metals Focus provides data and analysis...

Billions of Login Credentials Have Been Leaked Online

(Headline USA) Researchers at cybersecurity outlet Cybernews say that billions of login credentials have been leaked and compiled into datasets online, giving criminals “unprecedented access” to accounts consumers use each day. According to a report published this week, Cybernews researchers have recently discovered 30 exposed datasets that each contain a vast...

Why Prices Never go Down

(Peter St Onge, Money Metals News Service) Bidenflation is over. But if you feel like prices still aren’t falling, you’re not alone. Since Donald Trump took office, inflation has plunged from a Biden-era 5 percent to just 1.4%. This is actually below the Fed's target of 2%. Normally, at this point,...

The Earth Is Leaking Gold!

(Mike Maharrey, Money Metals News Service) Generally speaking, a leak is bad news. If your car tire is leaking, you’re probably going to end up stranded on the side of the road. If a pipe in your house is leaking, you’re probably going to end up with wet carpet. And if your...

Swiss Central Bank Cuts Rates to Zero, Could Go Negative

(Mike Maharrey, Money Metals News Service) Even as the Federal Reserve stood pat and held interest rates steady at between 4.25 and 4.5 percent, the Swiss central bank slashed its rates to zero and indicated that negative interest rates are a possibility. The Swiss National Bank cut rates in response...

Viral: Trio Walks Out on $200 Bill at Black-Owned Chicago Restaurant

Luis Cornelio, Headline USA) Three black patrons went viral Wednesday after fleeing a black-owned Chicago restaurant without paying a $200 tab that included some of the most expensive meals on the menu.  The theft occurred on Monday at the outdoor patio of Phlavz Bar and Grille in the Windy City and first went...

Social Security, Medicare to Run Out of Money Earlier Than Expected

(Caroline Boda, The Center Square) The Social Security program is nine years away from insolvency, the Social Security Board of Trustees said Wednesday. This forecast moved up one year since 2024’s annual report, which projected the program to deplete its funding by 2035. Now that projection date is set at...

Federal Reserve Holds Rates Steady, But Could Cut Them Later This Year

(Brett Rowland, The Center Square) Federal Reserve officials agreed to hold interest rates steady on Wednesday but suggested they could cut them later this year. "Despite elevated uncertainty, the economy is in a solid position," Federal Reserve Chairman Jerome Powell said. Earlier in the day, President Donald Trump again called Powell...

LA’s $20M Protest Response Illustrates Officer Shortage Cost

(Kenneth Schrupp, The Center Square) Los Angeles’ $19.7 million response to the June protests and riots was almost entirely spent on police, highlighting the growing cost of police overtime amid an enduring officer shortage. According to a new report from government transparency group Open The Books, the city of Los...

SpaceX Rocket Being Tested in Texas Explodes, but No Injuries Reported

(Headline USA) A SpaceX rocket being tested in Texas exploded Wednesday night, sending a dramatic fireball high into the sky. The company said the Starship “experienced a major anomaly” at about 11 p.m. while on the test stand preparing for the tenth flight test at Starbase, SpaceX’s launch site at the...

Fed Holds Rates Steady as Stagflation Worries Mount

(Mike Maharrey, Money Metals News Service) Powell & Company at the Federal Reserve sees an elevated stagflation threat. In response, they decided to do nothing. The Fed held interest rates steady between 4.25 and 4.5 percent. Rates have remained at that level since last December. The official FOMC statement was little changed from...
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