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Gold (XAUUSD) Price Outlook: Drops Below Support as Bearish Indicators Increase
Dropped Below the 20-Day Moving Average Yesterday’s closing price indicated some weakness, as it fell below both the trend line and the 20-day moving average. This marked the first daily closure beneath the 20-day MA since April 9. A low swing high suggests there’s some underlying weakness, though its significance hinges on whether it’s backed […]
After 5 Years of Rising Prices, NBC Introduces Grocery Price Tracker
NBC News has shifted its focus to tracking grocery prices, raising some eyebrows. It’s interesting how things change. As Joe Biden steps into the Oval Office, the COVID death tracker that was prominently featured seems to vanish. (I wonder if he got the vaccine? Did more people die of COVID under Biden than Trump?) Then […]
Johnson anticipates SALT agreement on Wednesday as both parties indicate advancement
Speaker Mike Johnson (R-La.) mentioned that he anticipates progress on the state and local tax (SALT) credit limits, indicating developments after a recent meeting on Tuesday afternoon. He explained that the group is awaiting feedback from the Joint Tax Committee (JCT), which serves as the council’s scorekeeper. “It’s likely to be tomorrow since we need […]
Rip current almost drowns three children during T-ball team’s beach outing: ‘Help me! Help me!’
A planned beach day for a T-ball team in Florida turned into a frightening situation when three young children found themselves caught in a dangerous rip current. Thanks to the quick actions of a good Samaritan and the Jacksonville Sheriff’s Office, what could have been a tragedy was averted at Huguenot Memorial Park on a […]
Trump Administration Reduces Tariffs on Small Packages from China, Mainly Impacting Shein and Temu
Presidential Order on Tariff Adjustments with China On Monday, the tariffs on minimal shipments from China were lowered to 54% or $100, whichever is less. This change comes after previously set tariffs of 120% or $200 were put in place for de Minimis shipments back in February. The DE Minimis exemption was first introduced in […]
House GOP Proposal Would Create 5 Percent Tax on Money Sent by Unauthorized Immigrants
House Republicans Propose New Tax on Remittances On Monday, House Republicans introduced a law proposing a 5% tax on money transfers from undocumented migrants to individuals outside the United States. The legislation, part of President Donald Trump’s “Big and Beautiful” Bill, specifies that remittances sent by verified U.S. citizens are exempt from this tax. Additionally, […]
Short-term Restrictions on Nuclear Enrichment
On Tuesday, Iran suggested it might accept temporary limits on uranium enrichment regarding its nuclear agreement with the US. The Trump administration has been vocal, at least publicly, about dismantling Iran’s enrichment program. According to reports from Israel: Iran’s Deputy Foreign Minister stated the country is open to temporary uranium enrichment restrictions, though specifics have […]
Schumer dodges inquiries about his involvement in Biden’s cover-up following book disclosures.
Senator Chuck Schumer, a Democrat from New York, sidestepped questions on Tuesday regarding his involvement in addressing concerns about former President Joe Biden’s mental health. This inquiry arose following excerpts from a book by CNN’s Jake Tapper and Axios reporter Alex Thompson, titled *Original Sin: Biden’s Decline, Cover-up, and His Disastrous Choice to Run Again.* […]
Erin Patterson murder trial updates: witnesses provide testimony on the 11th day of the alleged mushroom murder case
Welcome to Day 11 of Erin Patterson’s Triple Murder Trial Today’s proceedings are set to start shortly after 10:30 a.m. The defense is expected to carry on with the cross-examination of mushroom specialist Dr. Thomas May, who began his testimony on Tuesday. Patterson, aged 50, faces three murder charges alongside one of attempted murder, all […]