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Tuesday, November 19, 2024

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Sound Money Movement Strikes Gold in 2023

Against the backdrop of high inflation rates and geopolitical uncertainty, states are increasingly enacting measures that encourage saving in precious metals and even using gold and silver as money. With five bills signed into law in 2023, sound money reforms are gaining momentum across the United States. Money Metals' Sound Money Defense...

Apple Pulls Watches w/ Blood Oxygen Feature Due to Patent Dispute

(Headline USA) If two of the latest Apple Watches are on your holiday shopping list, don't dawdle for much longer because the devices won't be available to buy in the U.S. later this week if the White House doesn't intervene in an international patent dispute. Apple plans to suspend sales...

Hackers Steal Private Data from 36 Million Xfinity Customers

(Eli Pacheco, Headline USA) Hackers tapped into a critically rated security vulnerability through Comcast, granting them access to sensitive data for nearly 36 million customers of its TV and internet division, Xfinity. The breach, confirmed on Tuesday, started in August, according to a TechCrunch report. The report referred to the vulnerability...

EV Company Founder Gets 4-Year Prison Sentence for Fraud

(Eli Pacheco, Headline USA) Nikola founder Trevor Milton received a four-year prison sentence on Tuesday for investor fraud---less than half what federal prosecutors sought in the case.  Milton, 41, who founded the electric truck startup, faced a maximum of 60 years in prison. Federal prosecutors asked for an 11-year sentence...

Federal Reserve’s ‘Doomsday Book’ Reveals Vast Power Claimed by Central Bank

(Ken Silva, Headline USA) After years of speculation, the Federal Reserve has released its so-called “Doomsday Book”—an internal document that outlines the vast power the central bank can claim during times of financial emergency. The Doomsday Book was recently released by the Fed in response to a Freedom of Information...

Google to Pay $700M to States, U.S. Consumers in App Store Settlement

(Headline USA) Google has agreed to pay $700 million and make several other concessions to settle allegations that it had been stifling competition against its Android app store—the same issue that went to trial in another case that could result in even bigger changes. Although Google struck the deal with...

Tesla Recalls Nearly All U.S. Vehicles to Fix Autopilot Monitoring System

(Headline USA) Tesla is recalling nearly all vehicles sold in the U.S., more than 2 million, to update software and fix a defective system that’s supposed to ensure drivers are paying attention when using Autopilot. Documents posted Wednesday by U.S. safety regulators say the update will increase warnings and alerts to...

U.S. Congressman Asks Federal Reserve Whether Nations Are Repatriating Gold from New York

(Money Metals Exchange) As central banks across the globe continue to scoop up gold bullion for their reserves at record rates, Rep. Alex Mooney, R-W.Va., is asking Federal Reserve Chairman Jerome Powell some pressing questions about gold. Gold currently trades at all-time highs in most currencies. Market insiders claim that...

2024 Sound Money Index Highlights Problematic States, Positive Reforms

(Sound Money Defense League) With inflation, debt, and financial instability continuing to make headlines, a new national scorecard exposes Vermont, New Jersey, Maine, and Minnesota as America’s absolute worst states for sound money... ...while Wyoming, South Dakota, Alaska, and New Hampshire came out on top in the rankings. Money Metals Exchange,...

UFC’s Dana White Continues to Try and Save Bud Light

(Headline USA) UFC CEO Dana White defended the sports organization’s partnership with Bud Light again this week, claiming “patriots” should be “drinking gallons” of the beer. White announced in October that UFC would be making Bud Light its official beer despite a months-long boycott of the brand after its disastrous partnership...

Warren Buffett Stock Sell-Off Triggers Economic Anxieties

(Kevin Whiteley, Headline USA) Legendary investor Warren Buffett’s Berkshire Hathaway sold off $38.3 billion in stocks across all four quarters of 2023, leaving some economists fearful about the state of America’s economy after having learned of the dump. Although the market lately has seen some bullish indicators following a multi-year...

Sports Illustrated Cans CEO for Use of AI-Generated Articles

(Eli Pacheco, Headline USA) The digital publisher that operates Sports Illustrated fired its CEO after the iconic magazine was caught publishing AI-produced articles---complete with fake author names and profiles, according to Futurism.com. The Arena Group, which runs Sports Illustrated, fired four top executives in less than a week, Business Wire...
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