Tuesday, July 1, 2025

FINANCE

Stock Market Today: Wall Street Drifts Following Last Week’s Tumble

(Headline USA) U.S. stock indexes are drifting on Monday following their sharp losses from last week. The S&P 500 was up 0.1% in midday trading after flipping between small gains and losses through the morning. The relatively modest moves follow its 1.7% tumble on Friday, which followed several reports on the...

Sen. Blackburn: ‘Release Complete, Unredacted’ Epstein Files

(Casey Harper, The Center Square) Sen. Marsha Blackburn, R-Tenn., sent a letter to newly confirmed FBI Director Kash Patel and U.S. Attorney General Pam Bondi Monday calling for the release of the “complete, unredacted” files related to Jeffrey Epstein, the wealthy New York man of mystery accused of international sex...

Apple Announces $500 Billion American Investment over Next 4 Years

(The Center Square) – Apple announced Monday it plans to invest more than $500 billion in the U.S. over the next four years – its “largest-ever spend commitment.” “We are bullish on the future of American innovation, and we’re proud to build on our long-standing U.S. investments with this $500...

DOJ Seeks 27 Months in Prison for Ex-Homeland Security Official Who Committed Massive PPP Fraud

(Ken Silva, Headline USA) The Justice Department has asked a federal judge to sentence a former DC Homeland Security and U.S. Department of Agriculture official to 27 months in prison for perpetrating an $880,000 fraud on the COVID-era Paycheck Protection Program. According to the DOJ, the defendant, Wendy Nicole Villatoro, 40, formerly...

Warren Buffett Offers Donald Trump Some Advice While Celebrating Firm’s Success

(Headline USA)  In his annual letter to shareholders Saturday, Warren Buffett celebrated the successes of Berkshire Hathaway's companies last year and in the 60 years since he took over a struggling New England textile company and began converting it into a massive conglomerate while offering some advice to President...

Federal Agencies Disobey Order to Report Their Accomplishments

(Headline USA) Hundreds of thousands of federal workers have been given little more than 48 hours to explain what they accomplished over the last week, but many of them have signaled that they will not follow the order from billionaire Elon Musk, who’s speeding up his drive to slash the...

Trump to Eliminate Maine’s Federal Funding if Gov. Mills Continues Allowing Boys to Play Girls’ Sports

(Headline USA) President Donald Trump had harsh words for Maine's Democratic governor during a meeting of governors at the White House on Friday, with Gov. Janet Mills telling the Republican president, “We'll see you in court,” over his push to deny federal funding to the state because it continues to...

Open Letter to President Donald J. Trump: Don’t Be Fooled by the Fort Knox “Auditors”

(Jan Nieuwenhuijs, Money Metals News Service) Dear Mr. President, Recently you have expressed an intention to do an audit of the gold at Fort Knox and presumably also the other vaults where the U.S. monetary gold is stored. If you proceed with this endeavor, you will be misleadingly told by the U.S. Treasury,...

Undoing DOGE: GOP Congressional Budget Plan Would Swell Deficits

(Mike Maharrey, Money Metals News Service) With all the attention focused on the wasteful spending being unearthed by DOGE and talk of “rebate” checks, you might think that the Trump administration is finally getting the federal government's reckless borrowing and spending under control. But if we turn our attention...

U.S. Fiat Money: A Worthless Find for Future Archaeologists

(Mike Maharrey, Money Metals News Service) If archaeologists 2,000 years from now find a jar of U.S. quarters minted in 2025, how excited would they be? I'm sure they would find it interesting from a historical perspective. But how much would those quarters really be worth? I got to thinking about...

Pentagon Budget Cuts? Not So Fast!

(Dave DeCamp, Antiwar.com) Acting Deputy Secretary of Defense Robert G. Salesses said in a statement on Wednesday night that Secretary of Defense Pete Hegseth has ordered a review of Pentagon spending to realign spending to fund priorities of the Trump administration. The statement from Salesses came after a report from The Washington Post said that...

Trump Purges 6,700 IRS Agents Biden Unleashed on Americans

(Luis Cornelio, Headline USA) Time to celebrate—thousands of Biden-era IRS workers lost their jobs on Thursday, weeks before they could target and harass Americans on Tax Day.  President Donald Trump authorized the firing of between 6,700 and 7,000 IRS employees, highlighting the seriousness of his pledge to slash the federal bureaucracy.  The...
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