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Tuesday, November 19, 2024

FINANCE

Pelosi Stock Trades See a 65% Rate of Return

(Jacob Bruns, Headline USA) Rep. Nancy Pelosi, D-Calif., the Democrat-designated House speaker emerita, continued her unprecedented run of incredible stock-market gains in 2023, the Daily Mail reported. Last year, Pelosi---who, along with her husband, Paul, has a long history of profitable ventures---crushed the market with a 65% rate of return...

Central Banks Continued to Gobble Up Gold in November

By Mike Maharrey, Money Metals Exchange Central banks globally continued to gobble up gold in November, adding another net 44 tons to their reserves, according to the most recent data compiled by the World Gold Council. Turkey was the biggest gold buyer in November, increasing its reserves by 25 tons as...

Bank Borrowing From Fed Bailout Program Has Surged

By Mike Maharrey, Money Metals Exchange Is a U.S. banking crisis still bubbling under the surface? If activity in the Federal Reserve’s bank bailout program is any indication, the answer to that question is yes. Over the last two months, the balance in the Fed Bank Term Funding Program (BTFP) has surged, and...

Deficits in Silver, Base Metals Point to 2024 Market Moves

By Mike Gleason, Money Metals Exchange As trading kicks off in 2024, precious metals bulls have high hopes for price breakouts. So far in the early goings of the New Year, though, gold and silver markets are pulling back. Looking back at 2023, though, gold was among the best-performing assets. The yellow metal...

Bidenflation Persists as Big Gov’t Adds 52K Jobs, Food-Service Adds 40K

(Ben Sellers, Headline USA) The Biden administration and leftist media once again tried to gaslight the American public with deceptive claims of a robust economy after the December jobs report showed that the government continued to grow and more people, overburdened by inflation, took second jobs working in the...

Companies Aren’t Bringing Back Variety of Pre-COVID Shopping

(Eli Pacheco, Headline USA) Reduced retail options from COVID-19-era lockdowns don’t seem to be going anywhere post-pandemic, according to a Wall Street Journal report. Many consumers don’t mind---or, perhaps, didn’t notice. Coca-Cola offers half of the options it did before lockdowns. Companies, such as Newell Products, made these changes to...

U.S. Debt Surpasses $34T as Rate of Borrowing Grows Rapidly

(Brett Rowland, The Center Square) The nation's debt has surpassed $34 trillion, according to figures from the U.S. Department of the Treasury. The nation's growing debt has become a source of concern for some politicians as the cost to service that debt takes up a larger portion of the federal...

Is This Impending Disaster the ‘George Floyd Moment’ of 2024 Race?

(Jacob Bruns, Headline USA) As the economy struggles and inflation continues to put pressure on Americans, President Joe Biden and his administration appear likely to oversee yet another baby formula shortage, Good Morning American reported. The first shortage took place in 2022, with Republicans blaming Biden and congressional Democrats---who held...

Calif. Pizza Huts to Lay Off 1,200 Drivers Ahead of Minimum Wage Hike

(Kenneth Schrupp, The Center Square) Two of California’s leading Pizza Hut franchises are firing all of their delivery drivers—over 1,200 Californians—ahead of the state’s minimum wage increase to $20 per hour for fast food employees in April of 2024. Under AB 1228, passed earlier in 2023, the fast food minimum wage will...

Special Taxes on Wireless ‘Family Plans’ Cost $100s Extra Per Year

(Casey Harper, The Center Square) Americans pay hundreds of dollars per year in taxes on their wireless “family plan” for their cell phones. The Tax Foundation research shows the average American household with four phones would pay about $300 per year in taxes on a family plan costing $100 per...

Outlook 2024: Gold Set to Make History

(Stefan Gleason, Money Metals News Service) The gold market is poised to make history in 2024. It enters the New Year within striking distance of new all-time highs. How high will gold go? Much depends on how low interest rates and the U.S. dollar go. The Federal Reserve ended its rate hiking...

Three Factors Driving Gold Bulls Into 2024

(Mike Maharrey, Money Metals News Service) There are three factors driving gold bulls as we move into the new year – the demand factor, the Fed factor, and the January factor. Gold just wrapped up its best year since 2020 with a 13 percent gain, and the yellow metal has...
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