Precious Metals and Market News

Silver price to hit $50 by this summer as ‘gold gets re-monetized,’ says Midas Touch Consulting’s Florian Grummes - (Kitco News) - Gold’s pullback from record highs may be short-lived, according to Florian Grummes, Managing Director of Midas Touch Consulting, who says sovereign accumulation and shifting global power dynamics are reinforcing the long-term bullish case for precious metals.

U.S. policies, global instability are driving central banks to gold, views on the dollar are divided – HSBC - (Kitco News) – The Trump administration’s economic and trade policies have emerged as the number-one threat to the stability of central banks around the world, according to a new report from HSBC.The annual HSBC Reserve Management Trends report, conducted in partnership with Central Banking, showed that the United States is now seen as the biggest downside risk to central banks worldwide.

Gold prices down 3% as market fears ease, but the rally is far from over - (Kitco News) - Gold prices are struggling to hold support at $3,200 as significant profit-taking has triggered the largest selloff of the precious metal in five years.

Strong profit-taking pressure pounds gold prices - (Kitco News) - Gold prices are showing triple-digit losses in midday U.S. trading, on strong profit-taking pressure from the shorter-term traders, as well as weak long liquidation, after prices spiked to a record high of $3,509.90, basis June Comex futures, on Tuesday.

GLD hits $100 billion AUM milestone; gold prices still have legs to run - State Street Global Advisors’ George Milling-Stanley - (Kitco News) - Volatility in the gold market has picked up as prices have been unable to hold their recent gains after testing resistance at $3,500. Despite solid profit-taking, one market strategist says the precious metal’s rally remains on solid footing.

Has gold peaked? Prices may be overbought, but the precious metal is still under-owned, says TD Securities - (Kitco News) - The gold market has seen a sharp pullback a day after hitting an intraday record high above $3,500 an ounce; however, one market analyst says that the rally is far from over as the precious metal is significantly under-owned and still cheap by some metrics.

Gold prices struggling as S&P reports mixed activity in U.S. manufacturing and service sectors - (Kitco News) - The gold market continues to experience significant profit-taking and has failed to attract any safe-haven bids despite mixed performance in the manufacturing and service sectors.

Gold prices set session lows after U.S. new home sales spike in March - (Kitco News) - Gold prices are trading at session lows on Wednesday morning as the latest data showed the U.S. housing market improved beyond expectations in March.

Bitcoin April 23 daily chart alert - Bulls enjoying price uptrend - (Kitco News) - Wednesday, April 23—May bitcoin futures prices are higher and hit a seven-week high in early U.S. trading Wednesday.

Heavy price pressure on gold; profit taking featured - (Kitco News) - Gold prices are sharply down in early U.S. trading, on strong profit-taking pressure from the shorter-term traders after prices spiked to a record high of $3,509.90, basis June Comex futures, on Tuesday.

Auto Tariffs Increasingly Looking Like A "Permanent Fixture", Deutsche Bank Says - Auto Tariffs Increasingly Looking Like A "Permanent Fixture", Deutsche Bank Says According to Deutsche Bank, with U.S. auto tariffs increasingly looking like a permanent fixture, they’re closely monitoring how automakers are responding each week—particularly on pricing, incentives, and production shifts, according to a note out this week by analyst Edison Yu. While the administrat...

'Live Free & F**k Italian Girls' - African Soccer Player Fired From Italian Team After Threatening Meloni's 7-Year-Old Daughter - 'Live Free & F**k Italian Girls' - African Soccer Player Fired From Italian Team After Threatening Meloni's 7-Year-Old Daughter Via Remix News, A Black footballer from Cameroon mocked Deputy Prime Minister Matteo Salvini and Italian Prime Minister Giorgia Meloni, insulted the police, boasted that he eats for free and does not pay rent, and that he “f**ks Italian girls.” He has now...

Trump Trade War Results In Record $12 Billion Surge In Customs Revenues - Trump Trade War Results In Record $12 Billion Surge In Customs Revenues Sometimes, especially when stocks are tumbling, bond yields are soaring and the dollar looks like it is about to lose its reserve currency (and be replaced by what: the yuan? the euro? the turkish lira?), it is easy to forget what is the driving motive behind Trump's trade war. And in a nutshell, it is this cha...

Earth Day 2025: Our Power, Our Planet, Our Propaganda - Earth Day 2025: Our Power, Our Planet, Our Propaganda Authored by Benjamin Zycher via RealClearEnergy, It is Earth Day 2025, the central religious holiday of the environmental left, and the theme this year is “Our Power, Our PlanetTM.” That “TM” trademark symbol is both a reality and a joke. It is a reality in that the organizers of Earth Day actually found it appropriate to trade...

Early OpenAI Investor: The Chilling Reason Why U.S. Must Win AI Race Against China - Early OpenAI Investor: The Chilling Reason Why U.S. Must Win AI Race Against China Venture capitalist Vinod Khosla has issued a grave warning, declaring that the United States is in a do-or-die AI race against China, with the specter of worldwide communist ideology looming if America falters. Khosla cautioned that failing to lead in AI could allow China’s authoritarian regime to im...

Round Two! Trump Slams Zelensky For Rejecting Crimea Proposal For Peace - Round Two! Trump Slams Zelensky For Rejecting Crimea Proposal For Peace Trump vs. Zelensky Round Two? Tensions initially looked to have cooled after the Zelensky-Vance-Trump February 28 verbal blow-up and showdown at the Oval Office (see clip below), but the spat is heating up once again, and is fast getting personal. President Trump has slammed President Zelensky in a Wednesday p...

Stop All Federal Funding Of Universities - Stop All Federal Funding Of Universities Authored by Connor O'Keeffe via The Mises Institute, The Trump administration has found itself in a dispute with Harvard University. It began when the President’s team sent several Ivy League universities a list of changes they expected the schools to make. The move is part of a new right-wing strategy which recognizes that we currently ...

Boeing CEO Confirms China Halted Orders; Goldman Notes "Improved Earnings Results" For Planemaker  - Boeing CEO Confirms China Halted Orders; Goldman Notes "Improved Earnings Results" For Planemaker  Boeing reported first-quarter results that Goldman analysts described as "improved," but the real headline this morning isn't the earnings—it's CEO Kelly Ortberg's CNBC interview, in which he revealed that China has halted aircraft deliveries. In a televised interview with CNBC's Squ...

Behind Yesterday's Gold Selloff: Near-Record ETF Liquidation - Behind Yesterday's Gold Selloff: Near-Record ETF Liquidation Amid yesterday's equity meltup, ETFs accounted for 34% of the overall tape (vs an YTD avg 28%) as the desk skewed better to buy driven by a mix of domestic, international and sector exposures. However, the action was not uniform, because unlike recent weeks which have seen aggressive equity ETF selling/shorting offset ...

Waste Of The Day: NY Staircase Costs Almost $1 Million Per Step - Waste Of The Day: NY Staircase Costs Almost $1 Million Per Step Authored by Jerremy Portnoy via RealClearInvestigations, Topline: Every journey starts with a single step, but the cost of each step isn't usually $935,000. That’s how much New York State will spend to repair each of the 77 stairs leading up the grand entrance to the Capitol building in Albany after ignoring the main...

Chipotle is latest to raise the alarm about spending slowdown - Chipotle’s same-restaurant sales headed south in the first quarter, dashing Wall Street hopes of growth above 1%.

Is recession ‘inevitable’? Markets say don’t be so sure. - Markets are signaling doubt about whether the U.S. economy will end up in recession, despite investors’ fears over President Donald Trump’s ‘liberation day’ tariffs.

Here’s why Capital One and other banks took ‘rainy day’ money off their balance sheets - Improved credit quality at Capital One allowed the company to channel more money to earnings.

AI has been the ‘Wild West’ for investors. But now the EU sheriff is in town. - U.S. companies — and their shareholders — don’t yet fully appreciate that European Union’s AI regulators mean business.

Why Apple investors might be too optimistic about what’s ahead - UBS analysts worry that the next iPhone launch will be lackluster, meaning Wall Street’s expectations for next year are too high.

Tesla’s stock is rising, but will Musk’s return revive it for good? It’s not so simple. - There are various challenges ahead, including tariffs, an evolving EV market and a history of delays on new products.

Trump reportedly plans to exempt U.S. automakers from some tariffs - Shares of General Motors Co., Ford Motor Co. and Jeep parent Stellantis briefly spiked in after-hours trading Wednesday in the wake of a report that President Donald Trump plans to spare automakers from some tariffs.

Here’s how Southwest is trying to stay one step ahead of weaker travel demand - Southwest pulls guidance for this year and the next amid economic uncertainty and concerns about lower travel demand.

IBM says customers haven’t pulled back yet, but warns on ‘DOGE’ and wait-and-see mindset amid trade frictions - Tech-infrastructure giant IBM on Wednesday offered a solid sales outlook despite worries about the impact of a global trade war on the economy and tech spending, but its shares still fell after hours.

Whirlpool says it’s a ‘winner’ under new tariffs, as consumers stay cautious - Executives at the washer and dryer maker said the company would be a “winner” under the new trade regime, and said it would benefit domestic manufacturing.

S&P 500 futures slip after major averages post back-to-back gains: Live updates - The major averages ended Wednesday higher on hopes that trade tensions between the U.S. and China could soon ease.

Why gold became the safe haven of choice as U.S. Treasurys and dollar sold off - J.P. Morgan expects the yellow metal to average $3,675 per ounce by the fourth quarter of 2025, and reach $4,000 by the second quarter of 2026.

Tariffs will harm us all, European officials warn — with more work needed to reach a trade deal - European officials say they're optimistic a trade deal can be reached with President Donald Trump, warning of significant harm to both sides if it isn't.

European markets set for somber open as relief rally stalls - European stocks are heading for a flat to mixed open Thursday as a relief rally stalls.

Google forcing some remote workers to come back 3 days a week or lose their jobs - Several units within Google have told remote staffers that their roles may be at risk if they don't start showing up at the office for a hybrid work schedule.

Businesses are already trying to pass tariff costs onto customers, Fed report says - Businesses dealing with tariffs are looking for ways to pass increasing costs onto consumers, according to the Beige Book report.

Consumer spending is up big in early April as people buy in anticipation of tariffs - Spending in April through the first 15 days climbed about 3.8% from the same period a year ago, JPMorgan found.

IMF forecasts U.S. fiscal deficit will dip in 2025 thanks to higher tariff revenue - The 191-nation fund credited higher tariff revenue for a somewhat smaller deficit projection.

If Trump wants rate cuts, he would likely need to replace the Fed's full board along with Powell - Changing out the Federal Reserve chair doesn't guarantee rate cuts for President Donald Trump, according to Wall Street economists.

European Central Bank’s Lagarde weighs in on Trump's criticism of Fed's Powell - The ECB last week cut interest rates by a further 25 basis points and warned of a "deteriorated" growth outlook linked to tariff tensions.

Brien Lundin: Gold plummets -- and gold bulls are elated - By Brien LundinGold Newsletter / Golden OpportunitiesMetairie, LouisianaWednesday, April 23, 2025 I've never been so happy to see gold drop $100 in a day. Of course I've never been happy at all to see gold drop like that, before today. In a sign of how weird and volatile these markets are, I clicked on the MarketWatch tab in my browser this morning, only to see it hadn't updated since I last vi...

GATA needs your help, and there's silver in it for you - 6:43p ET Wednesday, April 23, 2025 Dear Friend of GATA and Gold: We are so close to victory now. Gold is all over mainstream financial news organizations now even as they strive not to expose the real reasons for the monetary metal's spectacular rise: the collapse of the derivatives-based gold price suppression system. Gold price suppression is almost a respectable topic now, even if GATA is st...

Barrick Gold sells Alaska mine stake to John Paulson and NovaGold for up to $1.1 billion - From ReutersTuesday, April 22, 2025 Canada's Barrick Gold said today it will exit the Donlin gold Project in Alaska by selling its 50% stake to billionaire John Paulson and NovaGold Resources for up to $1.1 billion. The Donlin Gold project is a proposed mine that holds roughly 39 million ounces of gold. It was jointly owned by Barrick Gold and NovaGold, holding a 50% stake each. ... Dispatch co...

China plans overseas warehouses for Shanghai Gold Exchange to build pricing power - By Amy Lv and Lewis JacksonReutersTuesday, April 22, 2025 BEIJING -- China is considering setting up overseas warehouses to aid international settlement of specific products on the Shanghai Gold Exchange, its central bank said Monday. Shanghai Gold Exchange will be supported to conduct cooperation with overseas exchanges to expand use of the yuan benchmark in the international market, the state...

Ross Beaty-backed Lumina Gold agrees to $581 million acquisition by China's CMOC - By Niall McGeeThe Globe and Mail, TorontoMonday, April 21, 2025 Ross Beaty-backed Lumina Gold Corp. has agreed to be acquired by a subsidiary of China’s CMOC Group Ltd. for $581 million. Vancouver-based Lumina is developing the Cangrejos gold project in Ecuador. In 2023 the company published an engineering study that showed the potential for a mine to produce 9.8 million ounces of gold, 7.8 mil...

Inventory of New Houses for Sale Stuck at Highest Level since 2007, Driven by Gluts in the South & West. Prices Fall, Incentives Soar, Sales Rise - Homebuilders get aggressive to sell the inventory, but prices are still far too high.

In 15 Bigger Cities, Condo Prices Already -10% to -22%, 5 Are in Florida with Accelerating Drops. Absurdity Comes Unglued - Austin, Oakland, St. Petersburg (FL), San Francisco, Chula Vista, Detroit, New Orleans, Denver, Jacksonville, Naples, Tampa, Mesa, Portland, Seattle.

Despite Turmoil in Stocks: Financial Conditions, Financial Stress, Junk-Bond Spreads Still in La-La Land or Barely Exiting - These are aspects the Fed is considering in its monetary policy; that type of discussion is part of its meeting minutes.

The Sound Money Surge: States Reclaim Gold and Silver in 2025 - Mike Maharrey, a reporter and analyst at Money Metals Exchange, recently spoke with Jp Cortez, executive director of the Sound Money Defense League, about the major strides being made in sound money ...

Protecting cash means safeguarding the right to transact | Opinion - To frame this issue, it’s important to recognize that the right to transact predates any government. Two people who agree could trade or barter for anything by mutual consent without any outside ...

DOC CLEARED OF US$38K MAINTENANCE ARREARS - A prominent Bulawayo medical practitioner, Dr Nkonzo Ndebele, has been acquitted of charges relating to the non-payment of US$ 38,500 in ...

Digital Financial Assets - Out Of The Frying Pan And Into The Fire? - The application of the securities laws to digital financial assets has been fraught for lawyers and their clients. After taking a hard line that ...

Alabama Reaffirms Gold and Silver As Legal Tender - Kay Ivey has signed Senate Bill 130 into law, reaffirming gold and silver as legal tender. This symbolic victory marks Alabama's latest step toward promoting constitutional sound money in the state.

Metaplanet Hits 5,000 BTC Mark Amid Strategic Treasury Expansion - Japanese firm Metaplanet adds 145 BTC to treasury, achieving a 121.1% BTC Yield Year-to-Date in 2025.

Dogecoin Leads Losses Among Majors; BTC, ETH, XRP Slump on Profit-Taking - Bitcoin’s safe-haven narrative has been growing in the past week on its relevant resilience, mirroring gold’s price rise, even as bond yields and U.S. equities corrected amid the ongoing tariff wars.

Bitcoin’s April Rally Driven By Institutions, While Retail Flees ETFs: Coinbase Exec - Patient pools of capital are behind BTC's recent rally.

Solana Buying for Balance Sheet Gains Momentum as DeFi Development Raises Holdings to $48M - The firm, formerly known as Janover, continued its buying spree for its long-term crypto holdings acquiring locked SOL tokens below spot prices

The Protocol: Will ETH Developers Swap Out the EVM for RISC-V? - Also: Matter Labs Sued; Scroll’s Euclid Upgrade; EigenLayer Adds ‘Slashing’ Feature

Previewing the Canadian Election's Crypto Angle - Canada's leading Prime Minister candidates aren't campaigning on crypto policies, but both have discussed the issue in the past.

With Gold Stalling, Is It Bitcoin’s Turn? Traders Eye $95K as Key Breakout Level - Wednesday's crypto rally stalled as Bessent reiterated the difficulties in making a deal with China.

PGI Global Founder Hit With Fraud Charges in Alleged $200M Crypto Ponzi Scheme - According to the SEC, Ramil Palafox misappropriated more than $57 million in customer funds, using it to buy Lamborghinis and luxury products.

Canada’s Blockchain Advantage: Small Enough to Move Fast, Big Enough to Matter - Whoever wins the election April 28, Canada has the talent, history, and agility to become the first G7 nation to fully embrace a blockchain-forward future.

TRUMP Coin Jumps 70% on President's Dinner Event for Top Token Holders - The event comes after $300 million worth of TRUMP were unlocked last week, increasing the token's supply.

Kuwait Warns Against Illegal Cryptocurrency Mining - Kuwait’s Ministry of Interior has declared cryptocurrency mining illegal, citing violations of multiple laws and its strain on the country’s electrical infrastructure. Crypto Mining Kuwait’s Electricity Infrastructure The Ministry of Interior in Kuwait has issued a warning against the practice of cryptocurrency mining, declaring it an unlicensed and illegal activity that violates several existi...

Buying Fractional Gold: South Africa’s Mesh.trade Offers Tokenized Krugerrands - South Africa’s tokenized financial assets exchange, Mesh.trade, has reportedly launched Bullion Krugerrand tokens issued by Troygold, allowing investors to buy fractional gold holdings stored securely at Brink’s in Johannesburg. Each purchase generates a gold ownership certificate confirming fractional ownership down to seven decimal points. Investors can redeem tokens for physical Krugerrands ...

Eurasian Forum Spotlights Digital Currency, Blockchain for Economic Unity - The Eurasian Financial and Economic Forum (EFEF-2025), held in Shanghai last week, spotlighted the growing role of digital currency and blockchain in reshaping global finance. With over 300 participants from government, finance, tech, and culture, the event emphasized the need for unified digital frameworks as a response to economic fragmentation. Key discussions centered on the […]

Spain’s University of the Hespérides Launches First Master’s in Bitcoin Program - The University of the Hespérides in Spain has launched a ten-month, fully online Master’s in Bitcoin program starting April 28, 2025, aimed at professionals seeking specialized education in the cryptocurrency’s technical, economic, and legal aspects. University in Spain Rolls Out 10-Month Bitcoin Program With Workshops The program, taught entirely in Spanish and awarding 60 ECTS […]

Binance Sets New Crypto Transfer Requirements for South African Users - Binance tightens crypto transfer rules in South Africa, enforcing user identity checks and compliance prompts starting this month. New Binance Regulations Demand Sender and Receiver Info for South African Crypto Transfers Crypto exchange Binance announced on April 22 that it will begin requiring more detailed information for cryptocurrency transfers involving South African users, a move […]

Wednesday Open Thread - What's on your mind?

Twelve States File Lawsuit Challenging Trump's IEEPA Tariffs - The suit resembles previous ones on the same subject filed by the state of California, and by the Liberty Justice Center and myself.

Federal District Court Rules Against Trump in Alien Enemies Act Case - The court ruled that Trump invoked the AEA illegally, blocks deportation of Venezuelan migrants who filed the case, and sets out standards for notifying them of their rights to challenge their deportation.

By Openly Retaliating Against Disfavored Law Firms, Trump Attacks Free Speech and the Right to Counsel - Two of his targets are seeking permanent injunctions against the president's blatantly unconstitutional executive orders.

Bipartisan Group of Prominent Legal Scholars and Former Government Officials Files Amicus Brief Supporting Our Case Challenging Trump's "Liberation Day" Tariffs - Signers include Steve Calabresi, Harold Koh, Richard Epstein, Michael McConnell, Alan Sykes, former Attorney General Michael Mukasey, and others.

The Trump Administration Continues To Attack Due Process - "We have thousands of people that are ready to go out, and you can't have a trial for all of these people," Trump said.

4 Apocalypses That Never Were - Climate change is real and may cause real problems. But media outlets keep pushing hysterical myths that don't materialize.

First Amendment Scholars' Amicus Brief in Georgia Adult-Entertainment Case - 22 law professors urge the Supreme Court to take up Georgia Ass'n of Club Executives v. Georgia.

The DOJ Is Doing Its Best To Make Google Unprofitable - Google has lost its second major antitrust case against the Department of Justice, threatening the tech giant's free-to-consumer business model.

Trump's Tariffs Are Causing an Economic Boom for D.C. Lobbyists - More lobbyists are spending more money to influence trade policy. The swamp is having a great time during the trade war.

Canada Took the Leap on Legal Weed—Five Years Later, No Meltdown - The takeaway is clear: the question isn’t whether to legalize—it’s how to do it smart.

DOGE Fell Short on Spending Cuts: Now Congress Must Lead - To the extent that DOGE’s targets convinced the American people that much of federal spending is wasteful, thus prompting Congress to act, it could end up actually cutting spending, and that’s worth doing.

Call for Papers: Cato Health Policy Workshop 2025 - On October 24th and 25th, 2025, the Cato Institute will host its third Cato Health Policy Workshop, a paper workshop for master’s and PhD candidates on topics relating to health policy.

The Government Uses "Standing" Doctrine to Evade Judicial Review - Overly strict applications of standing doctrine are not just inconsistent with the original meaning of the Constitution, they are also inconsistent with established precedent.

Food Freedom Is Personal Freedom—A Personal Crusade Should Not Become National Policy - Commissioner Makary’s decision is not evidence-based but ideologically motivated.

Signed as Law: Arkansas Expands Raw Milk Sales in the State - Under the prior Arkansas law, "incidental sales" (less than 500 gallons per month) of raw milk were allowed on the farm where it was produced. Senate Bill 464 (SB464), sponsored by Sen. Alan Clark and three cosponsors, expands the law by allowing the sale of raw milk "at a location that is not the farm where the raw milk product is produced" and removing the incidental sales restriction. SB464 ...

Florida House Passes Bill to Make Gold and Silver Legal Tender - The Florida House has passed a bill that would officially recognize gold and silver as legal tender and repeal state taxes on their exchange. Passage into law would set the stage for the people themselves to undermine the Federal Reserve monopoly by introducing competition into the monetary system. The post Florida House Passes Bill to Make Gold and Silver Legal Tender first appeared on Tenth A...

The Founders’ Warning: Why THIS Power Spells Tyranny! - The Founders didn’t just fight tyranny - they defined exactly what it was: arbitrary power. In this episode, we dig into how they viewed it, why they saw it as the ultimate threat to liberty, and how it shaped everything from the Declaration of Independence to the creation of written constitutions. Drawing from Otis, Adams, Jefferson, Locke, and more, we break down the core principle behind the...

Digital Identities and the Future of Age Verification in Europe - This is the first part of a three-part series about age verification in the European Union. In this blog post, we give an overview of the political debate around age verification and explore the age verification proposal introduced by the European Commission, based on digital identities. Part two takes a closer look at the European Commission’s age verification app, and part three explores meas...

Florida’s Anti-Encryption Bill Is a Wrecking Ball to Privacy. There's Still Time to Stop It. - We've seen plenty of bad tech bills in recent years, often cloaked in vague language about "online safety." But Florida’s SB 868 doesn’t even pretend to be subtle: the state wants a backdoor into encrypted platforms if minors use them, and for law enforcement to have easy access to your messages. This bill should set off serious alarm bells for anyone who cares about digital rights, secure comm...

Why the FTC v. Meta Trial Matters: Competition Gaps and Civil Liberties Opportunities - We’re in the midst of a long-overdue resurgence in antitrust litigation. In the past 12 months alone, there have been three landmark rulings against Google/Alphabet (in search, advertising, and payments). Then there’s the long-running FTC v. Meta case, which went to trial last week. Plenty of people are cheering these cases on, seeing them as a victories over the tech broligarchy (who doesn’t l...

In Doe v. Grindr, EPIC Urges Ninth Circuit to Continue Using Its Narrow, Nuanced Section 230 Approach - EPIC submitted an amicus brief in the case Doe v. Grindr on Friday, which involves the proper interpretation of Section 230 of the Communications Decency Act. The case is a lawsuit against Grindr, a popular dating app for the LGBTQ+ community that has often come under fire for allegedly prioritizing profits over users’ privacy and … Continued

Second Circuit Narrows Scope of Anti-Robocall Law, Dissenting Judge Argues for Broader Reading in Line with EPIC and NCLC Interpretation - Second Circuit dissent is now the second circuit-level dissent in support of a TCPA autodialer definition that broadly protects consumers.

Senate AI Roadmap Fails to Recognize or Address AI Harms - The Senate AI working group released its roadmap for AI today after months of closed-door discussions. The document speaks at great length of AI’s potential, but fails to adequately acknowledge or address AI’s existing harms. This mindset that AI adoption is both good and inevitable prevents the roadmap from meaningfully engaging with the many criticisms … Continued

Previously Confidential Documents Show Eastern Shore Town Retaliated Against Business Owners for Speaking to Media - NORFOLK, Va.—Newly released documents in a federal lawsuit challenging the town of Parksley’s retaliation against small business owners Theslet Benoir and Clemene Bastien for opposing […] The post Previously Confidential Documents Show Eastern Shore Town Retaliated Against Business Owners for Speaking to Media appeared first on Institute for Justice.

Federal Court Temporarily Halts Ruinous Financial Surveillance for Southern California Money Services Businesses - SAN DIEGO—Today a San Diego federal court put a temporary halt to a financial surveillance rule that threatened Esperanza Gomez’s small business and intruded on […] The post Federal Court Temporarily Halts Ruinous Financial Surveillance for Southern California Money Services Businesses appeared first on Institute for Justice.

National Law Firm Urges Indiana Supreme Court to Side With Monroe County Recycling Business in Zoning Dispute - INDIANAPOLIS—Today, the Institute for Justice (IJ) filed an amicus brief in the Indiana Supreme Court case Monroe County Board of Zoning Appeals v. Bedford Recycling, […] The post National Law Firm Urges Indiana Supreme Court to Side With Monroe County Recycling Business in Zoning Dispute appeared first on Institute for Justice.

CA NON-RESIDENTS CAN APPLY FOR CARRY PERMIT STARTING APRIL 22 - BELLEVUE, Wash. — April 22, 2025 — Thanks to a preliminary injunction in the Second Amendment Foundation’s (SAF) case CRPA v. LASD, starting Tuesday, April 22, non-resident SAF members can apply for a California carry permit.  The injunction requires that California accept permit applications from any United States resident outside the state who is a The post CA NON-RESIDENTS CAN APPLY FOR CARR...

SCOTUS DENIES CERT IN WORTH, SAF WIN IN EIGHTH CIRCUIT STANDS - BELLEVUE, Wash. — April 21, 2025 — In a case that could potentially have far-reaching implications for similar lawsuits across the nation, the U.S. Supreme Court has denied Minnesota’s Petition for Writ of Certiorari in Jacobson v. Worth, the Second Amendment Foundation’s (SAF) challenge to the 18-20-year-old carry ban in the state. Minnesota asked the The post SCOTUS DENIES CERT IN WORTH, SAF ...

BROWNELLS RENEWS SAF PARTNERSHIP, DONATES 2A DAY PROCEEDS   - BELLEVUE, Wash. —April 15, 2025 —The Second Amendment Foundation (SAF) is pleased to announce Brownells has renewed their corporate partnership at the Gold level. In addition to the partnership renewal, the company also generously donated proceeds from their 2A Day celebration to benefit SAF’s legal efforts. “The Second Amendment Foundation fights where it matters most, The post BROWNELLS RENEW...

ME: Tell the Judiciary Committee to vote pro-gun during tomorrow’s work session! - Tomorrow, Maine’s Judiciary Committee will hold a work session on several different gun related bills. While the Judiciary Committee is continuing to collect testimony and information on these bills, there’s a strong chance that a few of them will be voted on. For this reason, we must reach out to the Judiciary Committee and push for the rejection of the … Read more

Carl Higbie to Speak at GOALS 2025  - Carl Higbie to Speak at GOALS 2025  FOR IMMEDIATE RELEASE  April 22, 2025  Washington, D.C. – Gun Owners of America (GOA) is proud to announce that Carl Higbie, host of Carl Higbie Frontline on Newsmax and a leading voice in the fight for American liberty, will be joining the speaker lineup at the Gun Owners Advocacy and Leadership Summit (GOALS), … Read more

VT: Bar and restaurant carry ban on second reading tomorrow! - Last week, voting on S 131 wrapped up in Vermont’s Senate Government Operations Committee. Unfortunately, Senator Clarkson, Senator Vyhovsky, and Senator White voted in favor of the bill, forming a majority over Senators Collamore and Hart who both voted “NO.” This means that S 131 will be heard on second reading before the rest of the legislature tomorrow! As a … Read more

Coinbase considers applying for federal bank charter - Regulatory willingness to work with crypto seems to have inspired Coinbase, and reportedly others, to engrain themselves deeper into the traditional financial sector.

Warren presses Bowman on Evolve supervision lapses - Elizabeth Warren and three other senators questioned the Fed governor on her role in the lender’s supervision and accused her of ignoring “clear warning signs … leading up to the Evolve-Synapse meltdown.”

Fiserv, Kansas to open fintech hub - The hub will open later this year in Overland Park, Kansas, and help Fiserv better serve Midwestern customers, the company said in a news release Monday.

Ramp reportedly angles for part of $700B US credit card program - The fintech is seeking to handle a piece of the SmartPay federal employee charge card program, assisted by its close ties to the Trump administration, ProPublica reported.

Trump backs off his push to fire Fed’s Powell - Less than a week after saying the Federal Reserve chair’s “termination cannot come fast enough,” the president said Tuesday he has “no intention” of ousting the central bank chief.

Goldman shareholders OK executive pay but with less support - The Wall Street giant's say-on-pay resolution garnered 66% support, down from 86% last year. Other banks' pay packages are also facing opposition from proxy advisory firms.

Columbia to expand in California through $2 billion deal - Tacoma, Washington-based Columbia Banking System said it will buy Pacific Premier Bancorp, accelerating its growth in Southern California by about a decade. The deal is Columbia's second major acquisition in three years.

Trump loses remittance battle; Stripe ups game in Japan - A federal judge in California blocked rules requiring disclosures for payments near the Mexico border; Stripe has added more products as it bolsters investments in Asia; and more in the weekly global roundup.

CFPB drops case against Reliant Holdings - The bureau dropped the case against the subprime card lender with prejudice, following a number of similar actions taken under the Trump administration.

Anti-fraud firm Feedzai buys Demyst, enhancing crime detection tools - The acquisition brings Demyst's data orchestration tools to Feedzai's platform, a move aimed at reducing financial crime and improving compliance in banking.

Project Promissa: blockchain for multilateral development - Project Promissa explored how to manage the financial commitments of member countries to multilateral development banks (MDBs) more efficiently. The project developed a proof-of-concept (PoC) platform for tokenised promissory notes, which could replace the current paper-based notes and automate many manual processes. The experiment demonstrated that the PoC is technically feasible and could p...

Project Promissa: tokenisation of promissory notes - Project Promissa explores how to make the funding processes of multilateral development banks (MDBs) fit for the 21st century, a goal of the G20. Today, MDBs fund their activities in various ways, including through member subscriptions and contributions, which are usually paid in cash or paper-based promissory notes.

Fragile wholesale deposits, liquidity risk, and banks' maturity transformation - by Carola Müller, Matias Ossandon Busch, Miguel Sarmiento, Freddy Pinzon-PuertoWe investigate the impact of large-scale investment fund redemptions on bank lending. Using detailed data on the link between commercial banks and investment funds in an emerging economy, we document that redemptions lead to a decrease in the demand for certificates of deposit and increasing volatility in this wholes...

Federal Reserve Board announces approval of application by Capital One Financial Corporation to merge with Discover Financial Services and issues a consent order with Discover - Federal Reserve Board announces approval of application by Capital One Financial Corporation to merge with Discover Financial Services and issues a consent order with Discover

Federal Reserve Board requests comment on a proposal to reduce the volatility of the capital requirements stemming from the Board's annual stress test results - Federal Reserve Board requests comment on a proposal to reduce the volatility of the capital requirements stemming from the Board's annual stress test results

Federal Reserve Board announces approval of application by United Community Banks, Inc. - Federal Reserve Board announces approval of application by United Community Banks, Inc.

Press Release: FDIC Modifies Approach to Resolution Planning for Large Banks - PRESS RELEASE | APRIL 18, 2025 FDIC Modifies Approach to Resolution Planning for Large Banks WASHINGTON – The FDIC today took action to modify its approach to insured depository institution (IDI) resolution planning. The purpose of this action is to focus the IDI resolu...

Press Release: FDIC Announces Three Orders Against Discover Bank, Greenwood, Delaware - PRESS RELEASE | APRIL 18, 2025 FDIC Announces Three Orders Against Discover Bank, Greenwood, Delaware WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today announced the issuance of three orders against Discover Bank, Greenwood, Delaware (Bank). Specifical...