Business
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Stocks Start Crashing: Will the Fed Pivot or Panic?
(Stefan Gleason, Money Metals News Service) It’s no longer a question of whether the Federal Reserve will cut interest rates. It’s a question of how soon central bankers will cut and how big they will go. Last week’s ugly economic reports on manufacturing and employment helped trigger a mini-meltdown in the stock market – one…
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Results of Mike Johnson’s Trump Shooting Investigation Aren’t Due Until after Election
(Ken Silva, Headline USA) When House Speaker Mike Johnson announced last week a Bipartisan House Task Force to investigate the attempted assassination of presidential frontrunner Donald Trump, he said he has the “utmost confidence” that the group will “move quickly to find the facts.” But according to a report from the Butler Eagle, the deadline…
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Oil Giant Chevron Relocating Headquarters from California to Texas
(Kenneth Schrupp, The Center Square) – Energy giant Chevron announced it is relocating its headquarters from San Ramon in California to Houston, Texas. Chevron said it has approximately 2,000 employees in California and will be relocating all corporate staff not supporting its continuing California operations to Houston in the next five years. While Chevron did…
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Department of Justice Sues TikTok Over Alleged Child Privacy Violations
(Brett Rowland, The Center Square) The Department of Justice sued TikTok and its parent company, China-based ByteDance, on Friday for alleged violations of an online privacy law for children. “The Department is deeply concerned that TikTok has continued to collect and retain children’s personal information despite a court order barring such conduct,” Acting Associate Attorney…
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MURDOCK: Tech Startup Can Root Out Fake Voters Buried in Dems’ Dirty Ballot Rolls
(Deroy Murdock, Headline USA) Dirty voter rolls yield dirty elections. Alas, America’s voter files are filthy. The good news is that a high-tech security expert has carved a pristine path out of this dump. Texas-based Jay Valentine is with Fractal Computing, LLC. He and his company developed eBay’s anti-fraud systems and the anti-terrorist software behind the TSA’s No Fly List.…
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When Will the Fed “Normalize” Interest Rates? This Is Normal!
(Mike Maharrey, Money Metals News Service) A drug addict constantly needs more drug to get the same effect. The U.S. economy is addicted to easy money, and it needs more and more of this drug to maintain the high. The problem with this scenario is eventually the addict overdoses. This Is Normal During its July…
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Stocks Get Slammed on Bad Economic News, Gold Remains Buoyant
(Mike Gleason, Money Metals News Service) As the national debt soars to yet another new milestone, gold prices are ascending toward a new record of their own. The official debt held by the public has just ticked past the $35 trillion mark. Of course, with all the billions and trillions being spent by the government…
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Intel Plans to Cut 15K Jobs, Despite Taking Nearly $20B in Biden Bucks
(Headline USA) Chipmaker Intel says it is cutting 15% of its huge workforce—about 15,000 jobs—as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD. In a memo to staff, Intel Corp. CEO Pat Gelsinger said Thursday the company plans to save $10 billion in 2025. “Simply put,…
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Trump Demands Merchan’s Recusal after Kamala Paid His Daughter $7M in ‘Services’
(Luis Cornelio, Headline USA) President Donald Trump is calling for the immediate recusal of Judge Juan Merchan from his Manhattan case due to his daughter’s ties to Vice President Kamala Harris and multi-million-dollar business dealings with her. On Thursday, Trump’s attorneys filed a motion citing Loren Merchan’s relationship with Harris’s political campaigns as evidence of potential…
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D.C. Sues StubHub over Deceptive Fees that Inflate Ticket Prices on Resale Platform
(Headline USA) The attorney general for Washington, D.C., sued StubHub on Wednesday, accusing the ticket resale platform of advertising deceptively low prices and then ramping up prices with extra fees. The practice known as “drip pricing” violates consumer protection laws in the nation’s capital, Attorney General Brian Schwalb said. “StubHub intentionally hides the true price…
