Penguins put Sidney Crosby on injured reserve due to Olympic injury
Canada’s star athlete Sidney Crosby, pivotal in the gold medal match against the United States, has been placed on injured reserve by the Pittsburgh Penguins as of Wednesday. At 38 years old, Crosby is expected to sit out for at least four weeks due to a lower-body injury he sustained during Canada’s quarterfinal victory over […]
Kevin Hassett urges the New York Federal Reserve to take action against economists for their tariff studies
Economic Advisor Critiques Tariff Study In a recent discussion, White House economic adviser Kevin Hassett voiced strong opinions about a study from the New York Federal Reserve. This study suggested that the majority of the burden from tariffs implemented during the Trump administration fell on American businesses and consumers. Hassett’s comments were pointed: “This paper […]
Global Conflicts Increase Large Gold Reserve Holdings – Current Crude Oil Prices
Gold Prices Surge As Central Banks Ramp Up Purchases Gold prices have seen a steep rise, climbing over 230% since 2020. This surge coincides with central banks across the globe undertaking the most significant wave of gold purchases seen in modern history. For many nations, gold is more than just a safe investment— it’s increasingly […]
Trump’s Project Vault is the modern equivalent of the Strategic Petroleum Reserve.
Since the onset of the coronavirus pandemic, many Americans have gained a newfound understanding of rare earth elements and the uncomfortable truth that China has a tight grip on their mining and processing. Virtually everything manufactured today—think fighter jets, medical devices, and cameras—relies on these materials, and our dependence on China has become quite evident. […]
Examining President Xi’s renewed effort for the yuan to become a global reserve currency – what China would need to sacrifice
Experts Discuss China’s Economic Strategies Experts suggest that the upcoming steps will be incremental. “The Chinese government is probably going to concentrate on broadening currency swap agreements with its trading partners, as well as increasing the use of the renminbi in trade settlements, particularly with commodity exporters,” Su pointed out. Additionally, Su mentioned that “extending […]
Strategy Acquires Additional Bitcoin While $50 Billion BTC Reserve Is Still in the Red
Simply put Strategy, a publicly traded bitcoin treasury firm, invested $90 million to acquire 1,142 bitcoins last week. The firm holds nearly $50 billion in Bitcoin, which is less than its total investment in the cryptocurrency. Bitcoin has dropped over 23% in the past month and was recently trading around $69,000. Strategy, recognized as the […]
Stephen Miran, a governor of the Federal Reserve, steps down from his position in the White House
Stephen Milan Resigns from Economic Advisers Council Stephen Milan has stepped down as chairman of the White House Council of Economic Advisers, concluding a controversial dual role he held in both the Federal Reserve and the Council. This resignation was confirmed by White House press secretary Khush Desai late Tuesday. Milan, appointed to the Fed’s […]
Trump’s Federal Reserve Choice Highlights Why Our System Is Broken
President Donald Trump’s decision to nominate Kevin Warsh as chairman of the Federal Reserve illustrates the peculiarities of our current political landscape, which many view as nearly irreparable. On January 30, Trump indicated his intent to nominate Warsh, whose term as Federal Reserve Chairman Jerome Powell concludes in May. Warsh, unsurprisingly, has garnered interest from […]
Pound Sterling remains stable around 1.3700 as markets evaluate Warsh’s perspective on the Federal Reserve
GBP/USD Trading and Market Reactions The GBP/USD pair was hovering around 1.3695 during the early hours of Asian trading on Monday. Traders are contemplating the implications of Kevin Warsh potentially leading the Federal Reserve. Also, later on Monday, the US ISM Manufacturing Purchasing Managers Index (PMI) report is scheduled for release. President Donald Trump has […]
Leavitt criticizes Tillis for hindering Trump’s Federal Reserve nominee during the DOJ’s investigation of Powell
White House Press Secretary Criticizes Senator’s Stance on Fed Chairman Nomination White House press secretary Caroline Levitt has accused Senator Thom Tillis (R-N.C.) of putting the United States in a precarious position. She claims he is essentially “holding our country hostage” by refusing to support President Donald Trump’s choice for a new Federal Reserve chairman […]