(Headline USA) Amazon founder and billionaire Jeff Bezos told big-wig investors this week that he is “optimistic” about President-elect Donald Trump’s agenda, specifically Trump’s plan to cut regulations throughout the federal government.
"I’m very hopeful—he seems to have a lot of energy around reducing regulation," Bezos said during the New York...
(Headline USA) Bitcoin topped $100,000 for the first time as a massive rally in the world's most popular cryptocurrency, largely accelerated by the election of Donald Trump, rolls on.
The cryptocurrency officially to rose six figures Wednesday night, just hours after the president-elect said he intends to nominate cryptocurrency advocate...
(Shirleen Guerra, The Center Square) Consumers could soon pay more for a burrito at a popular U.S. chain as the company passes on higher food costs due to inflation.
Chipotle Mexican Grill said it would implement a 2% increase at 20% of Chipotle locations to offset inflation.
"For the first time...
(Jan Nieuwenhuijs, Money Metals News Service) The share of global official gold reserves not stored at the Federal Reserve Bank in New York (FRBNY) and Bank of England (BOE) in London has reached 78% in 2024, from 51% in 1972.
The shift in this ratio appears to be accelerating and can be...
(Mike Maharrey, Money Metals News Service) During a recent interview, Federal Reserve Chairman Jerome Powell said Bitcoin is “just like” gold and is not competing with the U.S. dollar.
Not long after his comments, Bitcoin surged to over $100,000.
During the New York Times DealBook Summit on Wednesday (Dec. 5), an...
(Mike Maharrey, Money Metals News Service) After rebounding in September, central bank gold buying surged in October, doubling the 12-month average.
Central banks added a net 60 tonnes of gold to reserves in October, the highest monthly total year-to-date, according to data collected by the World Gold Council. That pushed...
(Money Metals News Service) The latest episode of the Money Metals Midweek Memo, hosted by Mike Maharrey, dug deep into critical topics including the Federal Reserve’s precarious financial situation, ongoing inflationary pressures, and the role of precious metals in safeguarding wealth.
Here’s a comprehensive breakdown of the episode.
The Federal Reserve: Bleeding...
(Ken Silva, Headline USA) A federal judge in Texas has put a preliminary injunction against the U.S. government enforcing of the Corporate Transparency Act, which would require the country’s estimated 32.6 million active companies to submit their private ownership information to a central database ran by the Treasury Department.
The...
(Headline USA) An investigation is underway after a Secret Service agent working on protective assignment outside Treasury Secretary Janet Yellen’s house fired a weapon following a confrontation between the agent and occupants of a sedan, early Tuesday.
At roughly 1:30 a.m. Tuesday, the agent assigned to Yellen’s protective detail outside of...
(Ken Silva, Headline USA) Billionaire Elon Musk and entrepreneur Vivek Ramaswamy’s plan to downsize the federal government entails requiring bureaucrats to return to pre-COVID working conditions.
“Requiring federal employees to come to the office five days a week would result in a wave of voluntary terminations that we welcome,” Musk and Ramaswamy, who...
(Mike Maharrey, Money Metals News Service) Last week, Russia announced a temporary ban on the export of precious metals scrap. The Russian government hopes keeping scrap within its borders will enhance domestic refining operations.
This strategic move is intended to boost the country's gold and silver supplies and direct those...
(Mike Maharrey, Money Metals News Service) Distress in the commercial real estate bond market is at all-time highs, a sign that the Fed has messed up the economy more than most people realize.
Most mainstream commentators are sanguine about the economy. They believe the Federal Reserve has effectively reined in...