Friday, July 11, 2025

FINANCE

Coca-Cola CEO Gifts Trump a Special Drink

(Julianna Frieman, Headline USA) Coca-Cola honored President-elect Donald Trump with a special gift on Tuesday ahead of his inauguration. Trump received the first ever Presidential Commemorative Inaugural Diet Coke bottle from company chairman and CEO James Quincey, the president-elect’s deputy director of communications revealed on social media. https://twitter.com/margomartin/status/1879330618225676448?s=46&t=Sx_FyVBKgJm3gSLB1U4KjQ “Tonight, President Trump received the...

Elon Musk to Have an Office at Trump’s White House

(Ken Silva, Headline USA) The New York Times reported Monday that billionaire Trump backer Elon Musk is going to have an office at the White House complex for his nascent Department of Government Efficiency, which seeks to cut up to $2 trillion in federal spending. According to the Times, Musk...

Starbucks Reverses Free Bathroom Policy

(Dmytro “Henry” Aleksandrov, Headline USA) The Wall Street Journal reported that Starbucks recently reversed its policy of providing free bathrooms, stating that only customers can now use them. The newly updated "Coffeehouse Code of Conduct" stated, "Starbucks spaces are for use by our partners and customers — this includes our cafes, patios...

Trump to Create External Revenue Service for Tariffs

https://twitter.com/TrumpWarRoom/status/1879206914955055500 (Dmytro “Henry” Aleksandrov, Headline USA) President-elect Donald Trump wrote in his Tuesday post on Truth Social that he plans to create an “External Revenue Service” to collect tariffs and other revenue from foreign countries. "For far too long, we have relied on taxing our Great People using the Internal Revenue...

Americans Shift Apps Amid TikTok Uncertainty in the U.S.

(Shirleen Guerra, The Center Square) As the debate over a potential Jan. 19 TikTok ban in the United States intensifies, millions of users are preemptively flocking to another Chinese-owned app, sparking fresh concerns over data privacy and national security. Meanwhile, lawmakers have urged a pause on the proposed ban to...

Experts Worry as Deficit Tops $2 Trillion in Last Year

(Casey Harper, The Center Square) The U.S. Congressional Budget Office released new data showing that in the last calendar year, the federal deficit has risen over $2 trillion. The CBO released its monthly report on federal spending and revenue to show the increase, which is more than double the deficit...

Unusual Situation in Gold & Silver Market May Spark Big Price Moves

(Money Metals News Service) The monetary metals pulled back sharply yesterday but have entered Tuesday on stable footing. Silver is trading at $29.90 –and gold is $2,674. The ongoing volatility is a reflection of uncertainty in the gold and silver markets globally, including fears of import tariffs from the incoming Trump administration. If Trump slaps...

A Cautionary Tale: Britain’s Gold Selling Blunder

(Mike Maharrey, Money Metals News Service) It looks like Great Britain sold its gold too soon. And are some lessons to be learned from this British experiment with reserve diversification. Between 1999 and 2001, the British government sold about 395 tonnes of gold in a bid to diversify the UK’s...

China Reports Another Round of Gold Buying in December and They’re Buying More Than They Admit

(Mike Maharrey, Money Metals News Service) China announced an increase in its official gold reserves in November. It was the first reported increase after a 6-month pause, and it appears it wasn't a one-off event. And by the way, the Chinese have a lot more gold than they admit. The People's Bank of...

WaPo’s Traffic Tanks From 22.5M to 3M in 2024

(Dmytro “Henry” Aleksandrov, Headline USA) The Washington Post continues losing its subscribers after the newspaper editors and owner Jeff Bezos decided not to endorse former Democratic presidential nominee Kamala Harris. Semafor reported that traffic to the Post's website had tanked over the last four years. According to internal data...

Trump Appears Open to Boosting SALT Cap to Help Blue States

(Brett Rowland, The Center Square) President-elect Donald Trump is open to raising the state and local tax cap, a tax code provision that affects wealthy households in Democrat-run states, but the move could prove costly. U.S. lawmakers are considering changes to the $10,000 SALT deduction cap as part of their...

Kentucky Considers Bill to Entice Gold and Silver Investors to Sue the State for Wrongful Taxation

(Jp Cortez, Money Metals News Service) After a multi-year effort backed by Money Metals, the Sound Money Defense League, and other in-state allies, the Kentucky legislature approved a bill that included ending the sales tax on purchases of precious metals in 2024. However, Gov. Beshear used an unconstitutional line-item veto on the...
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