Gold’s grind upward is showing no signs of slowing, with some eyeing another record milestone for the precious metal. “US $4,000/oz+ is likely a question of ‘when’ not ‘if’ in the current FOMO environment. We think there is a 75% probability that bullion markets breach US$4,000+ in 4Q or by…
Pharmacy chain Rite Aid closed all of its locations after filing for bankruptcy twice in less than two years. The retailer posted a brief announcement on its website.”All Rite Aid stores have now closed,” the site states. “We thank our loyal customers for their many years of support.” The website…
I saw a lot of socialist experiments in Latin America and the results weren’t pretty. If Americans want to see how badly socialism works, they don’t have to go far. Beginning with Cuba’s Fidel Castro in 1959, socialism has a dismal history of failure throughout this hemisphere. While socialist revolutionaries…
A recently completed stock deal saw OpenAI’s valuation surge to $500 billion and become the world’s most valuable private company, according to a report. Current and former OpenAI employees sold about $6.6 billion in shares to a consortium of investors that included Thrive Capital, SoftBank, Dragoneer Investment Group, Abu Dhabi’s MGX…
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Investors have plowed more than $900 billion into U.S. exchange-traded funds so far this year. Investors are putting more money…
A partial government shutdown began on Wednesday with Republicans and Democrats at an impasse over spending levels, which has increased uncertainty…
Boeing is reportedly developing a new single-aisle airplane that will eventually replace its 737 Max aircraft, which has faced a…
Some of the world’s wealthiest investors are using exchange-traded funds to access commodities, cryptocurrency and artificial intelligence. “We tend to…
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Mortgage rates rose this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage increased to 6.34% from last week’s reading of 6.3%. The average rate on a 30-year loan…
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General Motors will restart work on its driverless-vehicle program, a year after shelving production of the Cruise Origin robotaxi when one struck and dragged a woman about 20 feet. GM confirmed the news in a statement to FOX Business on Monday.”We’re accelerating the development of autonomous driving technology capable of…
Federal Reserve Governor Michelle Bowman said in a speech over the weekend that she still sees three interest rate cuts this year after the Fed’s monetary policy panel left rates unchanged at their meeting in late July. Bowman, who serves as the Fed’s vice chair for supervision, spoke Saturday at…
Rescue crews raced to save multiple people trapped beneath the rubble after an explosion at a U.S. Steel plant near Pittsburgh on Monday, an official said. The blast happened just before 11 a.m. at the Clairton Coke Works. Abigail Gardner, director of communications for Allegheny County, told The Associated Press there…
The Labor Department will release its latest monthly inflation report on Tuesday at a critical time for the economy, as the Federal Reserve will take stock of the impact of tariffs on consumer prices ahead of its interest rate decision next month. The Bureau of Labor Statistics (BLS) will release the consumer…
The U.S. federal government’s annual budget deficit has widened by $109 billion so far this fiscal year despite an influx of tariff revenue to the government’s coffers. The nonpartisan Congressional Budget Office (CBO) on Friday released its monthly budget update for July, which found that the federal budget deficit totaled $1.6…
Terry Schilling, president of the American Principles Project, is encouraging Gen Zers to reconsider the traditional college route and explore skilled trades or entrepreneurship, as recent graduates face a challenging job market. “We need to go back to the drawing board, and if we can avoid having an entire generation…
U.S. gold futures rose to a record high on Friday amid uncertainty over whether the Trump administration’s country-specific import tariffs would apply to the most commonly traded sizes of gold bars. Washington may place the most widely traded gold bullion bars in the U.S. under country-specific tariffs, according to a ruling on…
Treasury Secretary Scott Bessent said Thursday that financial markets are pricing in a high likelihood of the Federal Reserve cutting interest rates before the end of the year amid concerns about tariffs pushing inflation higher. Bessent, during an appearance on Fox News’ “Special Report with Bret Baier,” said after the Fed held…
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