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Trump Delays China Tariffs by 90 days
(The Center Square) The deadline to enact further reciprocal tariffs against China will be extended by 90 days, President Donald Trump announced Monday night. “[China] continues to take significant steps toward remedying non-reciprocal trade arrangements and addressing the concerns of the United States relating to economic and national security matters,” Trump explained in an executive…
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Musk Says He Plans to Sue Apple
(Headline USA) Billionaire SpaceX, Tesla and X owner Elon Musk says he plans to sue Apple for not featuring X and its Grok artificial intelligence chatbot app in its top recommended apps in its App Store. Musk posted the comments on X late Monday, saying, “Hey @Apple App Store, why do you refuse to put either…
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Pennsylvania Steel Plant Explosion Kills 2
(Headline USA) An explosion rocked a steel plant outside Pittsburgh on Monday, leaving two dead and 10 others injured, including a person who was rescued from the smoldering rubble after hours of being trapped. The explosion sent black smoke spiraling into the midday sky in the Mon Valley, a region of the state synonymous with steel…
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Backing Bibi, Trump Suggests Israel Needs To Ramp Up Military Pressure on Hamas
(Dave DeCamp, Antiwar.com) In an interview with Axios on Monday, President Trump provided backing for Israeli Prime Minister Benjamin Netanyahu’s plans to escalate in Gaza, suggesting that Israel needed to ramp up the pressure on Hamas. The report said that Trump stopped short of directly endorsing the Israeli government’s plan to take over Gaza City but…
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Consumer Borrowing Continues to Sag Signaling Economic Pain on Main Street
(Mike Maharrey, Money Metals News Service) For the second straight month, consumer borrowing was weak, indicating Americans might be close to their credit limits. Over the last several months, credit card spending has dropped, signaling that Americans may be running out of borrowing power. This is bad news for an economy that depends on consumers…
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Tariff Confusion Sends Gold on Round Trip
(Jesse Colombo, Money Metals News Service) What to know about last week’s tariff-driven spike and drop in COMEX gold futures, and what it means for gold’s next move. What began as a quiet week for gold took an unexpected turn on Thursday afternoon when speculation emerged that gold bullion imports into the United States would, in fact,…
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Gold Revaluation & the “Strategic Bitcoin Reserve”
(Clint Siegner, Money Metals News Service) There are hints that at least a few within the federal government are toying with the idea of revaluing U.S. gold reserves. The 261.5 million ounces of gold reportedly owned by the U.S. Treasury have been held on the books at just $42.22/oz since the last time the value was adjusted…
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Trump Says He’s Placing Washington Police Under Federal Control and Deploying the National Guard
President Donald Trump is promising new steps to tackle homelessness and crime in Washington, prompting the city’s mayor to voice concerns about the potential use of the National Guard to patrol the streets in the nation’s capital. Trump wrote in a social media post that he would hold a White House news conference on Monday…
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Weak Treasury Auction Flashes More Warning Lights in the Bond Market
Analysts called the 10-year Treasury auction “soft.” In a nutshell, investors snubbed Uncle Sam, forcing bond yields even higher. In other words, the world is less and less interested in lending the federal government money. That’s a big problem for a country that depends on borrowers to finance its massive spending problem. The Nuts and Bolts…
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Epstein/Maxwell Grand Jury Transcripts Won’t be Unsealed, Judge Rules
(Headline USA) Transcripts of the secret grand jury testimony that led to the sex trafficking indictment of Jeffrey Epstein’s accomplice Ghislaine Maxwell won’t be released, a judge decided Monday. Judge Paul A. Engelmayer said in a written ruling the government had suggested the materials could be released publicly “casually or promiscuously,” which would risk “unraveling the…
