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Friday, November 15, 2024

Headline HH/HW Syndication

Gold Futures Close at Record High

(Mike Maharrey, Money Metals News Service) Gold future prices closed at a record high level on Friday with renewed hope that the Federal Reserve will begin easing off interest rates sooner rather than later. Gold for April delivery rose by $41 on Friday, a 2 percent gain, settling at $2095.70....

Silver Demand at Near-Record Levels and Other Silver News

(Mike Maharrey, Money Metals News Service) Silver demand is expected to hit 1.2 billion ounces this year. That would rank as the second-highest annual silver demand on record. Record industrial demand for silver is expected to drive overall silver offtake this year, according to an article in the latest edition...

U.S. Adding $1 Trillion in Debt Every 3 Months Since Last June

(Bethany Blankley, The Center Square) The U.S. began adding $1 trillion worth of debt about every three months beginning last June, a Bank of America investment strategist Michael Hartnett first pointed out in an investment note published last week. The national debt is currently $34.48 trillion and rising. It surpassed...

More Inflationary Woes: In One Year, Car Insurance Rates Surge 26%

(Bethany Blankley, The Center Square) Car insurance rates surged 26% nationwide in the past year and are expected to remain elevated until 2025. That's according to the “True Cost of Auto Insurance” report from Bankrate, an independent comparison service company. The report used the most recent median income data from the...

Apple Won’t Be Making Electric Cars

(Dmytro “Henry” Aleksandrov, Headline USA) Apple recently revealed that it ended its decade-long pursuit to enter the electric vehicle market after wasting billions of dollars. One of the reasons why Apple pulled the plug was that the company was spending a lot of money while trying to catch up to Elon...

Biden Signs Stopgap Measure to Keep Government Open One Week

(Casey Harper, The Center Square) Joe Biden signed a temporary funding measure Friday that will keep the government open roughly one more week while lawmakers work to broker a longer-term deal. As The Center Square previously reported, the U.S. House of Representatives passed the Continuing Resolution with a vote 320-99,...

Food Stamp Costs for a Family’s Meal Jump 31% Over Last Three Years

(Shirleen Guerra, The Center Square) – The monthly costs for healthy meals for a family of four participating in the Supplemental Nutrition Assistance Program increased by 31% over the past three years. The United States Department of Agriculture stated the food stamp benefit amounts are based every year upon the...

Musk’s AI to Hold Politicians Accountable for Spending Sprees

(Luis Cornelio, Headline USA) Twitter owner Elon Musk might soon provide a remedy to expose Congress's efforts to secretly push through large pieces of legislation without allowing Americans to scrutinize and review their contents.  Musk announced on Monday that his artificial intelligence chatbot, Grok, will feature the capability to summarize what...

El Salvador President: ‘Confidence in Your Currency Could Be Lost.’

(Mike Gleason, Money Metals News Service) Precious metals markets enter trading for March with gold bulls wondering whether the monetary metal is finally ready to march up to new highs. Gold spent the first two months of the year locked in a trading range between $2,000 and just under $2,100...

What Dynamics Drive the Silver Price?

(Mike Maharrey, Money Metals News Service) What drives the price of silver? Understanding silver pricing can be tricky because of the metal’s dual nature. It is an industrial commodity, but fundamentally, silver is money. A recent report by the Silver Institute attempts to untangle the various factors that go into...

NYC Officials Clear Bronx Storefront Housing Dozens of Illegals

(Headline USA) New York City officials have cleared out a Bronx storefront illegally converted to house dozens of tenants that was run by the same person who operated one hosting as many as 70 migrants in a Queens furniture store. The city Department of Buildings responded Wednesday to reports of an illegal...

Biden Gives $850M to a Chinese Battery Company

(Dmytro “Henry” Aleksandrov, Headline USA) The Biden administration gave an $850 million conditional loan to a company called KORE Power so that it would build a battery production plant in Arizona and the United States’ reliance on China’s batteries would be decreased, even though the company itself is owned by...
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