Inflation is often perceived as a distant economic concept, yet its effects resonate profoundly in daily life. Federal Reserve Chairman Jerome Powell recently addressed these concerns during a press conference following the December Federal Open Market Committee (FOMC) meeting. He acknowledged the widespread discomfort caused by escalating prices, particularly for…

Elon Musk’s Tesla has initiated a significant recall of nearly 700,000 vehicles in the United States, centered around a critical flaw in the tire pressure monitoring system (TPMS). According to reports from NewsWeek, the recall impacts several Tesla models, including the 2024 Cybertruck, 2017-2025 Model 3, and 2020-2025 Model Y.…

Former Secretary of State Hillary Clinton has raised alarm over what she perceives as a troubling trend among Republicans in Congress, suggesting that they are being influenced by Elon Musk, the world’s wealthiest individual, particularly in relation to a failed continuing resolution (CR) aimed at averting a government shutdown. Clinton’s…

Speaker Mike Johnson (R-LA) has faced significant challenges in navigating recent government funding legislation, culminating in a bipartisan bill that extends current spending levels until March 14, 2025. This bill, negotiated with Senate Majority Leader Chuck Schumer (D-NY) and President Joe Biden, represents a stark contrast to earlier Republican opposition…

Party City, a well-known party supply retailer, is reportedly closing all of its locations across the United States after nearly 40 years of operation. This news was shared during a video conference call led by Party City CEO Barry Litwin, who communicated to corporate employees that, despite the company’s efforts…

Starbucks baristas in Los Angeles, Chicago, and Seattle are gearing up for a significant five-day strike beginning this Friday, just before Christmas. This strike, organized by Starbucks Workers United, is a response to the company’s failure to meet previously established commitments regarding labor agreements. The union, representing employees from 535…

Big Lots, a popular American discount retailer known for offering a range of products including furniture and home decor, finds itself in dire straits as it prepares to shut down all its stores following a recent bankruptcy filing. The company has already closed over 400 locations this year, reflecting a…

In the 50th episode of the Money Metals Midweek Memo, host Mike Maharrey provides a comprehensive examination of economic principles, particularly the concept of scarcity, investment trends, and the prevailing dynamics in the gold market. Maharrey asserts that scarcity is the foundational idea of economic theory, signifying that human needs…

Frugality as a Core Skill Set in a Consumer Society The concept of frugality has gradually been forgotten in a culture driven by conspicuous consumption and waste. As noted by Charles Hugh Smith, the NASDAQ stock market index took nearly 17 years to recover its high of 5,048 from March…

Silicon Valley is making significant movements to align with President-elect Donald Trump, engaging in a range of activities to solidify their relationship with his incoming administration. Reports indicate that tech executives and billionaires are not only offering generous donations for Trump’s inauguration but are also participating in personal visits to…

In November, the Federal Reserve observed a slight uptick in its preferred measure of inflation, the Personal Consumption Expenditures (PCE) price index, which increased by 0.1 percent as reported by the Commerce Department. This figure was lower than the forecasts by economists, who had anticipated a 0.2 percent rise, hinting…