Wednesday, May 6, 2026

FINANCE

Report: Child Care as Expensive as College

(Kim Jarrett, The Center Square) The average cost of child care for infants in Tennessee is $13,926, more expensive than tuition at the state's four public universities, according to a report from the Tennessee Commission on Children and Youth. The State of the Child in Tennessee 2025 Report examined child-related...

Silver Squeeze: Greg Weldon on $100 Silver and Fed QE

(Money Metals News Service) In a recent episode of the Money Metals podcast, host Mike Maharrey welcomes back Greg Weldon and notes Weldon’s long career that began in the 1980s on the trading floor in the gold and silver pits. Maharrey says the last time Weldon appeared, in mid-October, gold had just pushed...

Trump Eyes Striking Mexican Cartels

(Sarah Roderick-Fitch, The Center Square) President Donald Trump says he will be expanding the war on drugs in Latin America, striking targets south of the border. During an interview with Fox News’ Sean Hannity, Trump made the announcement, with plans to target Mexican drug cartels. “We are going to start now...

Meta Lines Up Massive Supply of Nuclear Power to Energize AI Data Centers

(Headline USA) Meta has cut a trio of deals to power its artificial intelligence data centers, securing enough energy to light up the equivalent of about 5 million homes. The parent company of Facebook on Friday announced agreements with TerraPower, Oklo and Vistra for nuclear power for its Prometheus AI...

Trump Slashes Guest Worker Visas Program

The Trump administration has sharply curtailed supplemental visas for seasonal workers...

Prosecutor Calls Newsom ‘King of Fraud’ for Oversight Failures

(Dave Mason, The Center Square) U.S. First Assistant Attorney Bill Essayli Thursday called California Gov. Gavin Newsom “the king of fraud,” accusing him of a lack of oversight on spending to address homelessness. Essayli made the comments on the “Fox and Friends” telecast, during which he discussed the federal fraud...

Supreme Court Could Rule on Trump’s Tariff Authority Friday

(Brett Rowland, The Center Square) The U.S. Supreme Court could issue a landmark ruling Friday on President Donald Trump's authority to use tariffs, potentially reshaping presidential power. Alan Morrison, a law professor at The George Washington University, said signs indicate a ruling on tariffs is expected on Friday. "It seems highly...

Senate Rejects Trump’s Military Threats Against Venezuela with War Powers Vote

(Headline USA) The Senate advanced a resolution Thursday that would limit President Donald Trump’s ability to conduct further attacks against Venezuela, sounding a note of disapproval for his expanding ambitions in the Western Hemisphere. Democrats and five Republicans voted to advance the war powers resolution on a 52-47 vote and...

China Is Weaponizing Silver Using Export Restrictions

(Mike Maharrey, Money Metals News Service) Silver now finds itself at the center of a geopolitical wrestling match over critical elements. In what is clearly an effort to control the market, China recently announced export controls on silver. This could exacerbate global supply shortages already creating a significant silver squeeze. Under the...

Gold Tops Treasuries as World’s Biggest Foreign Reserve Asset

(Mike Maharrey, Money Metals News Service) Gold now ranks as the world’s top reserve asset. According to World Gold Council data, global gold reserves are approaching $4 trillion. Treasury holdings total approximately $3.9 trillion. The last time central bank gold reserves topped Treasury holdings was in 1996. The increase in gold...

Trump Says He Wants a $1.5 Trillion Military Budget

(Dave DeCamp, Antiwar.com) President Donald Trump said in a post on Truth Social on Wednesday that he wants a $1.5 trillion military budget for 2027, a 50% increase from his $1 trillion budget for 2026. “After long and difficult negotiations with Senators, Congressmen, Secretaries, and other Political Representatives, I have determined...

Anonymous Trader Scores Massive Payday Hours Before Venezuela Raid

(José Niño, Headline USA) An unidentified gambler has pocketed approximately $410,000 in profits after correctly wagering that Venezuelan President Nicolas Maduro would lose power, according to Reuters. The speculator's Polymarket account accumulated positions in contracts linked to Maduro's removal under terms suggesting unlikely odds ahead of the weekend military operation....
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