Monday, June 2, 2025

FINANCE

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...

Mexican Tall Ship Strikes Brooklyn Bridge, Snapping Masts and Killing 2

(Headline USA) A Mexican navy sailing ship on a global goodwill tour struck the Brooklyn Bridge in New York on Saturday, snapping its three masts, killing two crew members and leaving some sailors dangling from harnesses high in the air waiting for help. New York City Mayor Eric Adams said the...

Founder of Ukraine-Linked USAID Contractor Busted for Massive Bribery Scheme

(Ken Silva, Headline USA) The founder of a government contracting firm has pled guilty to bribing a USAID officer to receive some $500 million in contracts. The USAID officer he bribed pled guilty, too. The government contractor, Walter Barnes, is the founder of PM Consulting Group, which now goes by...

Why Americans Stopped Saving Money

(Peter St Onge, Money Metals News Service) During last month's tariff war, a big driver of stock-market declines was foreigners selling. Foreigners have stockpiled over $60 trillion in US assets -- much of it in stocks. Which puts America at the mercy of those foreigners whenever foreigners get nervous. Part of...

Gold Helping to Unlock the Mysteries of the Universe

(Mike Maharrey, Money Metals News Service) Gold is helping unlock mysteries of the universe. In December 2021, the James Webb Space Telescope (JWST) was launched. Over the last several years, the telescope has produced stunning images that are helping scientists to better understand the universe. Scientists began developing plans for the...
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