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News & Articles By Cassie B.
02/22/2025
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By Cassie B.
Trump’s DOGE reforms hit D.C. hard, but nation’s job market remains strong
Washington, D.C., is currently dealing with a surge in unemployment claims due to federal layoffs under the Trump administration. The Department of Government Efficiency has saved $55 billion in its first month by cutting “non-essential” positions. D.C. jobless claims have risen from 2,014 to 5,455 in four weeks, potentially leading to a mild recession in […]
02/18/2025
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By Cassie B.
Argentine president Javier Milei faces impeachment over $107 million crypto scandal
Argentine President Javier Milei faces impeachment risk after promoting a cryptocurrency that collapsed, losing 94% of its value. The token?s plunge follows an $107 million liquidity siphon by insiders, leaving investors with nearly worthless tokens. Milei’s critics and opposition lawmakers accuse him of enabling a scam, questioning his judgment and demanding accountability. This is not […]
02/18/2025
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By Cassie B.
California insurance commissioner slams State Farm’s ‘unjustified’ rate hike request as wildfire costs soar
California Insurance Commissioner Ricardo Lara rejected State Farm’s emergency 22% home insurance rate hike, citing insufficient justification. State Farm sought the hike to offset $1 billion in wildfire claims, warning of financial instability without it. Lara referenced California’s Proposition 103, requiring insurers to transparently justify rate increases, and scheduled further scrutiny of State Farm’s finances. […]
02/18/2025
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By Cassie B.
Trump unveils reciprocal tariffs to level trade playing field, targets VAT systems
President Trump announced reciprocal tariffs to match tariffs imposed by other nations on U.S. goods, aiming for a “fair and reciprocal” trade environment. The policy targets value-added taxes (VAT) used by countries like the UK and China, which Trump argues are more punitive than traditional tariffs. The administration will review tariffs, VAT systems, and other […]
02/17/2025
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By Cassie B.
South Korean banks halt silver bar sales amid global and domestic uncertainty
South Korean banks halt silver bar sales due to surging demand, following a similar suspension of gold bar sales earlier this year. Rising global economic uncertainties and domestic political instability are driving investors toward safe-haven assets like gold and silver. Major banks, including KB Kookmin and Shinhan, are affected, with supply chains overwhelmed by the […]
02/12/2025
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By Cassie B.
Trump’s reciprocal tariffs aim to level trade playing field for U.S. workers
President Trump plans to impose reciprocal tariffs on countries charging duties on U.S. imports, aiming to protect American industries and workers. The strategy seeks to level the playing field by matching foreign tariff rates, incentivizing trading partners to lower their tariffs. Critics warn of potential inflation and trade wars, but supporters argue it could boost […]
02/10/2025
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By Cassie B.
Trump announces 25% tariffs on steel and aluminum to protect U.S. industries
President Trump announces 25% tariffs on steel and aluminum imports to protect U.S. industries. Tariffs are part of Trump’s broader strategy for fair trade, with reciprocal tariffs planned to address imbalances. U.S. steel and aluminum stocks surge, with predictions of increased domestic manufacturing and job creation. Trump cites national security concerns, arguing that domestic production […]
02/02/2025
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By Cassie B.
London gold market faces shortage and prices soar as Trump tariff fears spark U.S. stockpiling
A surge in gold deliveries to the U.S., driven by fears of potential tariffs under Trump, has caused a shortage in London, the world’s largest gold trading hub. Gold prices hit a record high of $2,800.99 per ounce, fueled by safe-haven demand amid fears of economic disruptions from tariffs. Logistical challenges in moving gold globally, […]
01/31/2025
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By Cassie B.
Bank of England struggles to meet gold demand as $82B stockpile shifts to New York
Traders are moving billions in gold from the Bank of England to New York, fearing potential tariffs under the Trump administration. Delivery times from the BoE have surged to 4-8 weeks, causing a gold shortage in London. Gold futures prices in New York are trading at a premium, incentivizing shipments and driving COMEX inventories to […]
01/29/2025
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By Cassie B.
Chinese AI startup DeepSeek faces cyberattack amid U.S. tech stock turmoil
DeepSeek, a Chinese AI startup, gained global attention for its ChatGPT-rivaling AI assistant and a crippling cyberattack that forced it to limit new user registrations. The cyberattack caused outages, prompting DeepSeek to prioritize existing users while its app topped the U.S. App Store. DeepSeek achieved cutting-edge AI results at a fraction of the cost of […]
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