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Tuesday, January 7, 2025

FINANCE

Trump Considers Privatizing USPS

(Dmytro “Henry” Aleksandrov, Headline USA) President-elect Donald Trump recently suggested that he may privatize USPS, resulting in many bureaucrats working for the federal government losing their jobs. Three anonymous sources told the Washington Post that Trump discussed the potential privatization of the Postal Service at his Mar-a-Lago estate with Howard...

Fed Cuts Key Rate by a Quarter-Point but Envisions Fewer Cuts Next Year

(Headline USA) The Federal Reserve cut its key interest rate Wednesday by a quarter-point—its third cut this year—but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, largely because of still-elevated inflation. The Fed’s 19 policymakers projected that they will cut their benchmark...

Money Metals Expands w/ New Depository, Automatic Purchase Plans, Loans

(Money Metals News Service) Money Metals Exchange, a leading national precious metals dealer founded in 2010, has further beefed up the array services it offers clients. Earlier this year, the award-winning precious metals firm opened the largest precious metals depository in the Western United States. This impressive, expandable 37,000-square-foot facility – double the...

Goldback Launches Florida Series w/ New Denominations

(Mike Maharrey, Money Metals News Service) Goldback is set to release the Florida Goldback Series with three new denominations (i.e., 1/2, 2, and 100). Goldbacks are a neat form of fractional gold -- made with a small amount of physical gold embedded within a polymer sheet. The note-shaped gold products could serve as "an...

Conservative Watchdog Asks SCOTUS to Block Federal TikTok Ban

(Shirleen Guerra, The Center Square) The Liberty Justice Center, alongside some TikTok creators, filed an emergency application to the U.S. Supreme Court seeking to halt the enforcement of a federal law that would ban TikTok in the United States on Jan. 19, 2025. The emergency application requests that the Supreme...

LA Times, WaPo Continue Becoming More Right-Wing

(Dmytro “Henry” Aleksandrov, Headline USA) Two well-known American newspapers became more right-wing after the leaders realized they needed to adapt to the recent cultural change that primarily started after Donald Trump won the 2024 election. The New York Post reported that the Los Angeles Times staffers revealed that Patrick Soon-Shiong,...

Parents Resort to Ride-Sharing Apps as Cash-Strapped Schools Cut Bus Service

(Headline USA) Ismael El-Amin was driving his daughter to school when a chance encounter gave him an idea for a new way to carpool. On the way across Chicago, El-Amin’s daughter spotted a classmate riding with her own dad as they drove to their selective public school on the city’s...

Congress Scrambles to Avoid Gov’t Shutdown before Friday Deadline

(Matthew Doarnberger, Headline USA) Federal lawmakers are attempting to find a way to pass a continuing resolution in order to prevent a government shutdown by the end of the week. The resolution is said to fund the government at its current level through March 14, 2025. However, the text of the...

Report: Elon Musk is under 3 Federal Investigations

(Ken Silva, Headline USA) The New York Times reported Tuesday that Twitter and SpaceX owner Elon Musk is under three federal investigations related to alleged violation of security clearance regulations. Citing eight anonymous officials with varying degrees of knowledge about the situation, the Times reported that the Defense Department’s Office...

Head of Largest Russian Oil Producer Says Gold Could Rival the Dollar

(Mike Maharrey, Money Metals News Service) The head of Russia’s largest oil producer says gold could become the dollar’s main competitor in world trade. Russian policymakers have a vested interest in undermining the dollar, so their rhetoric should be taken with a grain of salt, but it’s worth paying attention...

‘We Want to Vomit’: Fake News Anchor Scams Elderly Woman Out of Tens of Thousands

(Julianna Frieman, Headline USA) A Facebook user impersonating MSNBC host Ari Melber reportedly scammed a 73-year-old woman in Washington out of at least $20,000. Police are investigating the fake news anchor’s deception of the elderly Patrica Taylor, which started when she received a message from the scammer’s profile about a...

Trump Secures $100B Investment to Create 100,000 American Jobs

(Dmytro “Henry” Aleksandrov, Headline USA) President-elect Donald Trump recently revealed that he secured $100 billion in investment in the American economy to create at least 100,000 American jobs. Late Monday morning, Trump announced that SoftBank's CEO Masayoshi Son will invest $100 billion in new U.S. investments. "We've just concluded a very...
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