Precious Metals and Market News

'It hard not to get excited when you see a blockbuster deal like that' - Adam Lundin on mining M&A - (Kitco News) - Big mining deals are going to bring needed attention to the mining sector and build more enthusiasm, noted Adam Lundin, chair of Lundin Group.

Wall Street sees gold prices challenging $2,500 next week, Main Street sentiment is more restrained - The latest Kitco News Weekly Gold Survey has the overwhelming majority of industry experts believing gold prices could reach or surpass their all-time highs, while retail traders are a little more restrained on the precious metal’s prospects.

Bitcoin climbs to $67k as golden cross approaches, crypto market cap increases 3% - Crypto prices trended higher to end the week as Bitcoin crested above $67k for the first time since April 23 while the total crypto market cap increased 3% to $2.42 trillion.

Watch your margins - Joe Mazumdar identifies miners who are winning while gold is spiking - (Kitco News) - Copper is attracting investor interest from the Middle East, noted Joe Mazumdar, editor of Exploration Insights.On Thursday Mazumdar recorded Digging Deep with Kitco correspondent Paul Harris. /**/

Silver’s in the spotlight as prices rally nearly 6% Friday, but it’s still gold’s show - (Kitco news) - It has finally happened; silver is making a move and dragging precious metals higher heading into the weekend.According to analysts, the white metal is clearly in the driver’s seat as it lagged during gold’s breakout rally in the first quarter of the year. Not only has silver rallied above $31 an ounce, but the price is trading at its highest level since February 2013. July silve...

Three factors will fuel Bitcoin breakout: dollar dump, surging debt, and M2 money supply – analyst - Real Vision crypto analyst Jamie Coutts says the global money supply performance of the DXY, and surging debt are keys to predicting Bitcoin's next breakout.

Senate joins House in overturning SEC crypto rule, Biden threatens veto - The Senate joined the House on Thursday in voting to overturn the SEC’s SAB 121, setting the stage for a showdown with the White House after Biden promised to veto the bill.

Gold rockets above $2,400 as commodities catch fire, analysts see no end in sight - (Kitco News) – Gold prices are continuing their upward trend on Friday, and with the decisive break above $2,400 per ounce shortly after 10 am EDT, analysts and traders are wondering how high the yellow metal can run in the current environment.Adam Button, head of currency strategy at Forexlive.com, said that this recent move is a continuation of the broader rally, and it’s being driven by the ...

Multiple catalysts are supporting higher metals prices - (Kitco Commentary) - Last week, I called to your attention to both silver and the miners being in the process of leading gold higher.

Gold/silver: how to prepare for a commodity supercycle? - (Kitco Commentary) - Precious Metals caught fire this week after several events set off another "this is it moment." Despite Fed officials suggesting that interest rates should stay higher for longer, economic cracks are already forming.

Unpacking Ray Dalio's Alarmist Prediction Of Civil War - Unpacking Ray Dalio's Alarmist Prediction Of Civil War Authored by Stephen Soukup via American Greatness, The other day, Ray Dalio, the billionaire investor and founder of Bridgewater Associates, told The Financial Times that he sees the risk of a second American civil war as “growing” and places the odds of such a war at “35-40 percent.” According to FT, Dalio’s “research” has le...

These Are The 10 US States With The Lowest Real GDP Growth - These Are The 10 US States With The Lowest Real GDP Growth While the U.S. economy defied expectations in 2023, posting 2.5% in real GDP growth, several states lagged behind. Last year, oil-producing states led the pack in terms of real GDP growth across America, while the lowest growth was seen in states that were more sensitive to the impact of high interest rates, particularly d...

A Global Censorship Prison Built By The Women Of The CIA - A Global Censorship Prison Built By The Women Of The CIA Authored by Elizabeth Nickson via 'Welcome to Absurdistan' substack, The polite world was fascinated last month when long-time NPR editor Uri Berliner confessed to the Stalinist suicide pact the public broadcaster, like all public broadcasters, seems to be on. Formerly it was a place of differing views, he claimed, but now i...

America's Competitors Think That The Window Of Opportunity Is Now Open To Divide The World - America's Competitors Think That The Window Of Opportunity Is Now Open To Divide The World By Eric Peters, CIO of One River Asset Management “The United States still thinks in terms of the Cold War and is guided by the logic of bloc confrontation, putting the security of ‘narrow groups’ above regional security and stability, which creates a security threat for all countries in ...

Too Narrowly Focused? - Too Narrowly Focused? By Peter Tchir of Academy Securities Too Narrowly Focused? The Citi Economic Surprise Index continues to deteriorate (worst levels in a year). Bond yields have declined (the 10-year Treasury got to 4.31% on Thursday, basically the bottom of our 4.3% to 4.5% range, and crept higher the rest of the week). Bonds in part moved on economic data (weak), inflati...

Two New Swing State Polls Show Why Biden Is Desperate To Debate Trump - Two New Swing State Polls Show Why Biden Is Desperate To Debate Trump Authored by Mike Shedlock via MishTalk.com, Trump Leads in 5 Key States, as Young and Nonwhite Voters Express Discontent With Biden according to Nate Cohn at the New York Times. A Surge in Discontent With Biden Please consider Trump Leads in 5 Key States by Nate Cohn. The surveys by The New York Times, Sie...

Dozens Of People Show Up To Biden Campaign Event... - Dozens Of People Show Up To Biden Campaign Event... Authored by Steve Watson via Modernity.news, Joe Biden held a campaign even in Atlanta Saturday and literally dozens of people showed up. The event, which entailed more pandering to black people, took place at Mary Mac’s Tea Room in downtown Atlanta, where Biden looked completely out of it. He looked around totally confused a...

Millennials Drive E-Mobility In The US - Millennials Drive E-Mobility In The US The decision to switch from a fossil-fuel-powered car to a more emission-friendly model can be governed by a variety of factors, ranging from monetary to ideological. As Statista's Florian Zandt reports, a recent survey from Statista's Consumer Insights suggests that the adoption of plug-in hybrid (PHEV) and battery electric vehicles (BEVs) ca...

COVID-19 And Vax Contributed To Increase In Rare Autoimmune Disease In 2021: Study - COVID-19 And Vax Contributed To Increase In Rare Autoimmune Disease In 2021: Study Authored by Marina Zhang via The Epoch Times (emphasis ours), Cases of a rare autoimmune disease surged between 2020 and 2022 in Yorkshire, England, peaking in 2021. COVID-19 infection and its vaccines possibly contributed to the rise, a recent study in The Lancet’s eBioMedicine found. Pathology of ...

American & Foreigners Reportedly In Custody After Deadly Coup Attempt, Shootout In Congo  - American & Foreigners Reportedly In Custody After Deadly Coup Attempt, Shootout In Congo  Military leaders of the Democratic Republic of Congo’s (DR Congo) said they have put down an attempted coup in a dramatic Sunday incident which included a large shootout erupting in the capital of Kinshasa. At least three men have been reported killed, with two being police officers which eng...

Gen Z knows it has a debt problem — and it’s getting help for it - “Instead of suffering in silence or going purely self-help,” younger people in debt “are looking into their options and talking to people,” one expert said.

Teslas are cheaper than ever. Here’s how Biden’s China tariffs will affect costs. - The Biden administration this week slapped stiff tariffs on Chinese electric vehicles, as well as batteries and battery parts from China.

Talk about a market cap: ‘Dow 40,000’ hats are hot sellers - There’s a market for headwear tied to the stock market.

Stocks may rise into the summer. These 3 risks could derail the rally. - Given how stocks have reacted to the latest flurry of mixed economic data, a summertime rally feels almost inevitable. Still, investors would be remiss not to consider the myriad risks that could possibly derail it.

The biggest earnings heavy hitter reports this week, and so do Target and other retailers - Blowout results for Nvidia Corp., the S&P 500 Index’s biggest profit driver, have become part of the ritual when the chip maker reports quarterly results.

‘He’s holding all the cards’: My mother, 86, has dementia. Her partner of 30 years is on the deed to her home. How can I gain control of her finances? - “I asked to be put on the deed to my mother’s home and I was met with a swift ‘no’ from her partner. He said that since he had paid off the mortgage, the house is his.”

I got bitten by a feral cat and my hospital copay wiped out my savings. I’m 50, single, with no kids. Should I cash out my $12,000 life-insurance policy? - “I was thinking about cashing it out, and using the money to max out a SEP or Roth IRA for the year. Can I max out both? Or only one.”

Looking to place a wager on the Preakness? Here’s how to become a savvy bettor. - The second leg of racing’s Triple Crown is set for Saturday at 6:40 p.m. Eastern time.

‘I don’t want to end up with stalkers’: Should I tell my heirs that I’m writing a will and how much they can expect to inherit? - “Should I even let them know that there is a will in which they are mentioned?”

‘I racked up $45,000 in credit-card debt doing home repairs’: Should I refinance my $1.5 million house — or take out a personal loan to pay it off? - “We live in a very strong housing market in Los Angeles so we’re not worried about it losing value.”

Soaring debt and deficits causing worry about threats to the economy and markets - Government debt that has swelled nearly 50% is capturing increasing worry both on Wall Street and in Washington.

Microsoft set to unveil its vision for AI PCs at Build developer conference - Microsoft Build 2024 starts Tuesday, and the company is expected to talk about how Windows will power new "AI PCs."

Search and rescue efforts underway as helicopter carrying Iran's President Raisi suffers 'crash landing' - At least 40 rescue teams have been deployed, but harsh weather conditions and heavy fog have made it difficult for them to reach the site. A senior Iranian official reported that two people from the helicopter flight had made contact with the rescue team.

Media giants lean on sports as Hollywood strikes still loom over content slates - Media companies charming advertisers during the Upfront meetings let sports take center stage as content slates still suffer from last year's Hollywood strikes.

Morgan Stanley picks global stocks to play a $100 billion AI boom, giving one 40% upside - Demand for AI "enablers" is surging, Morgan Stanley says, and a number of companies in Asia are set to benefit in a big way.

Soaring debt and deficits causing worry about threats to the economy and markets - Government debt that has swelled nearly 50% is capturing increasing worry both on Wall Street and in Washington.

Some consumers are punting big purchases like pools and mattresses - There are some signs that shoppers are holding off on big-ticket buys, the latest signal of the economy contracting at the hands of tighter monetary policy.

Markets underestimate geopolitical risk as raft of elections looms, ECB's De Guindos says - The European Central Bank's Financial Stability Report said that interest rate expectations have created the "potential for outsized market reactions."

Europe must avoid ‘disaster’ of trade decoupling as it eyes China tariffs, EU's economics chief says - "As far as Europe is concerned we need a more mature attitude in our trade," EU economics head Paolo Gentiloni told CNBC.

CPI report shows inflation easing in April, with consumer prices still rising 3.4% from a year ago - The consumer price index was expected to increase 3.4% from a year ago, according to the Dow Jones consensus estimate.

China has its people put a floor under gold price, Maguire tells LFTV - 7:16a GMT Saturday, May 18, 2024 Dear Friend of GATA and Gold: London metals trader Andrew Maguire tells this week's "Live from the Vault" program from Kinesis Money that repeated attempts by the U.S. Federal Reserve to knock down the price of gold via sale of futures contracts in New York just continue to feed Chinese demand for real metal as the contracts are converted to deliverable instrume...

Hot commodity silver outpaces gold as buying gains momentum - By Sybilla GrossBloomberg NewsFriday, May 17, 2024 Gold's record-setting rally may have captured the headlines this year, but it's silver that's running harder and faster as the less glamorous metal benefits from robust financial and industrial demand. Silver has soared by more than a quarter this year, outpacing gold and making it one of the year's best-performing major commodities. Yet in rel...

Gold up $39, silver up $2, miners up 4% -- time for Calandra and GATA? - 11:36p AST, Friday, May 17, 2024 Dear Friend of GATA and Gold (and Silver and other metals): Mining company shares are taking off as governments are issuing infinite money and incurring infinite debt, and Thom Calandra of The Calandra Report (at Thomcalandra.com) is connecting with newly subscribed GATA supporters and sharing with them his insights about producing gold and silver mines and gold...

Incrementum publishes its 'In Gold We Trust' report for 2024 - 5:32p ICT Friday, May 17, 2024 Dear Friend of GATA and Gold: Incrementum's "In Gold We Trust" report for 2024 by Ronald P. Stoeferle and Mark J. Valek has been published, capturing the exciting lastd year gold has had and the exciting year it is expected to have. An abridged version is posted in PDF format here: https://ingoldwetrust.report/wp-content/uploads/2024/05/In-Gold-We-Trust-Report-202...

Futures exchange CME plans to launch bitcoin trading - By Philip StaffordFinancial Times, LondonThursday, May 16, 2024 CME Group, the world's largest futures exchange, is planning to launch bitcoin trading, aiming to capitalise on surging demand this year among Wall Street money managers to gain exposure to the cryptocurrency sector. The Chicago-based group has been holding discussions with traders who want to buy and sell the cryptocurrency on a r...

Fewer than 24 of 400 Graduates at All-Black Morehouse College Applaud Biden - Biden has serious issues with Black voters judging from recent polls. Judging from the reaction to Biden's speech to the graduating class of Morehouse College on Sunday, his support may be less than the polls indicate.

Two New Swing State Polls Show Why Biden Is Desperate to Debate Trump - Trump Leads in 5 Key States, as Young and Nonwhite Voters Express Discontent With Biden according to Nate Cohn at the New York Times.

The EU Is Spending Billions on Hydrogen-Ready, But Where’s the Hydrogen? - I'm all in favor of hydrogen-powered plants to produce electricity if only we had cheap hydrogen. But we don't and likely won't.

Dear Readers, Please Donate to WOLF STREET: Spring 2024 Reminder - Thanks to your generous support, WOLF STREET has been free and open to all, not hidden behind a paywall.

Subprime Auto Loans Are Getting Messy - Huge profits in subprime caused specialized dealers/lenders to take big risks, which came home to roost. But prime auto loans are in pristine shape

As Rest of Retail Stagnates, Ecommerce is Hot. And what Walmart Said about this Phenomenon - Walmart US online sales +22%. It credits “convenience” of ecommerce for its success in attracting higher income customers.

Word of the Day: Don’t Say “Covid Pandemic.” Say “Covid Syndemic”! - "'Tis a mystery," except not!

Links 5/19/2024 -
Why One New York Health System Stopped Suing Its Patients - American hospital officials often insist that lawsuits and other aggressive collections, though unsavory, are necessary to protect health systems’ finances and deter freeloading. But at Rochester Regional, ditching these collection tactics hasn’t hurt the bottom line.

About legal tender - Bank notes issued by the Bank of Canada, together with coins issued by the Royal Canadian Mint, are what is known as “legal tender.” That’s a technical term meaning the Government of Canada has deemed ...

Redesigned, Old Notes Still Legal Tender, CBN Insists - For the avoidance of doubt, the redesigned and old notes will continue to be accepted as legal tender. “They will circulate side-by-side for transactions ahead of the December 31, 2023 deadline ...

Cashless society: Winchester pub's cashless shift - is it illegal for a business to refuse legal tender in UK? - A pub in Winchester, Hampshire, is facing drinkers’ wrath after it decided to stop accepting cash ...

Bitcoin As Legal Tender: Joana Cotar Of German Bundestag Proposes Groundbreaking Legislation In Germany - This push towards recognizing bitcoin as legal tender in Germany signals a significant potential shift in the country's monetary ecosystem. If successful, it could position Germany as a pioneer in ...

Can I use a commemorative coin in a shop and is it legal tender? - However, you might be surprised to learn that not all coins are legal tender and can't be used as currency in exchange for goods and services. Numismatist Peter Hutchison, a specialist from ...

Steven Cohen's Point72 Also an Owner of Bitcoin Via Spot ETFs - Point72, the $34 billion hedge fund of billionaire and owner of the New York Mets, Steven Cohen, held $77.5 million of the Fidelity Wise Origin Bitcoin Fund (FBTC) as of the close of the first quarter, according to a filing.

Does the SAB 121 Vote Mean Anything for Future Crypto Legislation? -
Solana's SOL Could Hit $200 By Month End, Hedge Fund Founder Says - The fifth-largest cryptocurrency is benefitting from multiple catalysts, including bustling meme coin and DeFi activity, upcoming network upgrade and increasing interest in restaking arriving to the ecosystem.

Miners Eye Middle East as Next Region for Growth - The halving and a possible U.S. mining tax have miners considering new locations for basing their cost-sensitive operations.

Bitcoin Rises Above $67K, but Lags Broader Crypto Market as ETH, SOL, LINK Post Big Gains - The CoinDesk 20 Index is higher by more than 4% over the past 24 hours as crypto's big rally this week continues.

NEAR Token's 10% Gain Tops CoinDesk 20 Last Week: CoinDesk Indices Market Update - All but two cryptos in the index moved higher over the past week, with Cosmos and Aptos missing out on the rally.

ZkSync, Ethereum Layer-2 Network, Hints at Airdrop By End of June - Zero-knowledge (ZK) rollup zkSync has suggested that a governance token airdrop will take place at the end of June.

Morgan Stanley Latest Bank to Disclose Spot Bitcoin ETF Holdings for Clients - Morgan Stanley was the owner of $269.9 million of Grayscale’s Bitcoin Trust (GBTC) as of March 31, a 13F filing showed.

Crypto Industry Rallies Behind House Bill as It Heads Toward Final Vote - The U.S. House of Representatives is on the verge of a vote that will represent the closest the cryptocurrency industry has ever been toward finally winning regulation in the U.S., and the sector's associations and top businesses are encouraging House leaders to support the effort.

Coinbase Upgraded to Neutral From Underperform at Bank of America on Positive Crypto Market Dynamics - The current macro backdrop has been positive for crypto market cap growth and trading volumes, the report said.

DTCC Smart NAV Pilot Utilizes Chainlink for Blockchain-Based Mutual Fund Data - The Depository Trust & Clearing Corporation (DTCC) has announced the successful completion of its Smart NAV pilot, leveraging Chainlink’s technology to enhance its Mutual Fund Profile Service I (MFPS I). The initiative aims to bring trusted data to blockchain ecosystems, facilitating more efficient data dissemination and consumption. Chainlink Boosts DTCC’s Smart NAV Pilot DTCC’s Smart […]

Novogratz Predicts Bitcoin Trading Between $55K-$75K This Quarter - Bitcoin is expected to trade within a narrow range this quarter, according to Michael Novogratz, founder of Galaxy Digital Holdings Ltd. “Bitcoin, ethereum and everything else, solana will consolidate,” he said last week, adding that it means BTC will probably trade “somewhere between $55,000 and $75,000 until the next set of circumstances, the next set […]

Skybridge’s Scaramucci: Institutional Adoption of Bitcoin Is Happening Now - Anthony Scaramucci, founder of Skybridge Capital, believes that the institutional adoption of bitcoin is happening now. Highlighting recent developments like the State of Wisconsin Investment Board investing in Blackrock’s spot bitcoin exchange-traded fund (ETF), he predicts that other pension funds will make similar announcements. “Bitcoin now has the regulatory approval and I think tha...

Donald Trump Viewed as ‘America’s First Crypto President’ by Former CFTC Chairman - Former Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo has emphasized former U.S. President Donald Trump’s critical role in the cryptocurrency industry, dubbing him “America’s first crypto president” due to the approval of bitcoin futures during his administration. Trump’s crypto stance has evolved significantly since he was in office. ‘Trump May Justifiably C...

US Congress Passes First Standalone Crypto Legislation - The U.S. Congress has passed its first standalone crypto legislation, which aims to overturn the controversial U.S. Securities and Exchange Commission (SEC)’s SAB 121 rules regarding crypto assets. However, President Joe Biden has threatened to veto this decision, citing concerns about financial stability and market uncertainty. ‘We Are Just Getting Started’ In a historic move, […]

Indiana Court Rules Burritos and Tacos Qualify as Sandwiches - The decision exemplifies a longstanding issue in legal theory. It also highlights the absurdity of zoning rules.

Prof. Doriane Coleman (Duke), Guest-Blogging About "On Sex and Gender: A Commonsense Approach" - "'An ideological preference for characterizing sex as a social construct, a stereotype, and a myth,' she asserts, denies the science of sex differences as well as common sense."

Delaware Court on the First Amendment Exception to "Speech Integral to Criminal Conduct" - "Some courts have incorrectly used this exception to rationalize upholding a statute that criminalizes speech ... simply because their legislature passed a law labeling it criminal. The limited line of United States Supreme Court cases that have addressed this exception in no way supports such a broad reading."

Today in Supreme Court History: May 19, 1921 - 5/19/1921: Chief Justice Edward Douglass White dies.  

AI's Cozy Crony Capitalism - Regulating artificial intelligence presents a "Baptists and bootleggers" problem.

Stephen Wolfram on the Powerful Unpredictability of AI - A physicist considers whether artificial intelligence can fix science, regulation, and innovation.

Trump Should NOT TESTIFY at MANHATTAN WITCH HUNT OF A TRIAL - the lying liberal jurors and new york state democrats will twist his words to convict him for lying under oath just like they did with Michael Flynn

TikTok's Got Trouble - It starts with "T' and that rhymes with "B" and that stands for "ban."

Today in Supreme Court History: May 18, 1860 - 5/18/1860: Abraham Lincoln wins the Republican Party presidential nomination. 5/18/1896: Plessy v. Ferguson decided.

The Real Reason for Self-Checkout Bans - It isn't about stopping crime—it's about protecting a favored constituency's jobs.

Fourth Circuit: Tax Exempt Status Is Not Federal Financial Assistance - A federal appeals court has rejected the claim that tax exemption under section 501 (c)(3) of the tax code amounts to “federal financial assistance” subjecting an institution to regulation.

Friday Feature: TwiddleU - Jeana Wilson created TwiddleU to serve her own daughter and neurodiverse children throughout greater Atlanta.

101 Late Fees Charged by the Government - Rather than jump to restrict the freedoms of the private Americans trying to operate businesses, the administration should take some time to reflect on its own activities.

Immersive Outreach Programs May Be a Better Investment than DEI Initiatives - No matter what ideological foundation a DEI program has, funds are better spent on programs like The Hidden Genius Project and MITES.

FERC's Order No. 1920: A Costly Shell Game - The Federal Energy Regulatory Commission (FERC) issued a “watershed” new ruling addressing electricity transmission and the need to expand America’s power grid.

FDR’s Gold Grab: The Confiscation Most Americans Ignored - Executive Order 6102 - learn the truth behind the gold confiscation order, and the fact that most Americans defied it. The post FDR’s Gold Grab: The Confiscation Most Americans Ignored first appeared on Tenth Amendment Center.

Signed as Law: Alabama Repeals State Capital Gains Taxes on Gold and Silver - Under the law, individuals selling gold or silver bullion, or utilizing gold and silver in a transaction, can deduct any net capital gain derived from the exchange from their income for state income tax purposes. The post Signed as Law: Alabama Repeals State Capital Gains Taxes on Gold and Silver first appeared on Tenth Amendment Center.

Signed by the Governor: Maryland Puts Some Limits on Police Use of Facial Recognition - The new law will ban the use of facial recognition for live or real-time identification. It will also ban its use on a sketch or manually produced image, and on individuals “engaged in activity protected under the United States Constitution, the Maryland Constitution, or the Maryland Declaration of Rights” unless there is reasonable suspicion to believe the individual has committed a crime.  Th...

EFF to Court: Electronic Ankle Monitoring Is Bad. Sharing That Data Is Even Worse. - The government violates the privacy rights of individuals on pretrial release when it continuously tracks, retains, and shares their location, EFF explained in a friend-of-the-court brief filed in the Ninth Circuit Court of Appeals. In the case, Simon v. San Francisco, individuals on pretrial release are challenging the City and County of San Francisco’s electronic ankle monitoring program. The...

EFF Urges Ninth Circuit to Hold Montana’s TikTok Ban Unconstitutional - Montana’s TikTok ban violates the First Amendment, EFF and others told the Ninth Circuit Court of Appeals in a friend-of-the-court brief and urged the court to affirm a trial court’s holding from December 2023 to that effect. Montana’s ban (which EFF and others opposed) prohibits TikTok from operating anywhere within the state and imposes financial penalties on TikTok or any mobile application...

Fair Use Still Protects Histories and Documentaries—Even Tiger King - Copyright’s fair use doctrine protects lots of important free expression against the threat of ruinous lawsuits. Fair use isn’t limited to political commentary or erudite works – it also protects popular entertainment like Tiger King, Netflix’s hit 2020 documentary series about the bizarre and sometimes criminal exploits of a group of big cat breeders. That’s why a federal appeals court’s narro...

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

Senators Call on DHS to Investigate Federal Funding of ShotSpotter - In a May 14 letter, Senators Ed Markey, Ron Wyden, Elizabeth Warren, and Representative Ayanna Pressley, called on Department of Homeland Security (DHS) Inspector General Joseph V. Cuffari to investigate DHS’s funding of ShotSpotter, including potential violations of Title VI of the Civil Rights Act of 1964.

New Ad Campaign Calls on Pasadena to ‘Stop the Games,’ Let Mechanic Open - ARLINGTON, Va.—A new digital advertising campaign, launched by the Institute for Justice (IJ), calls on city officials in Pasadena to abide by a settlement agreement […] The post New Ad Campaign Calls on Pasadena to ‘Stop the Games,’ Let Mechanic Open appeared first on Institute for Justice.

Entire Fifth Circuit To Decide Whether Texas Woman Can Sue Prosecutor Who Secretly Worked For Judge Presiding Over Her Case - NEW ORLEANS—Tomorrow, 18 judges of the 5th U.S. Circuit Court of Appeals will convene to decide whether Erma Wilson is entitled to her day in […] The post Entire Fifth Circuit To Decide Whether Texas Woman Can Sue Prosecutor Who Secretly Worked For Judge Presiding Over Her Case appeared first on Institute for Justice.

Public Interest Law Firm Calls on Utah High School Activities Association to Abandon Proposed Rule Discriminating Against International Students - ARLINGTON, Va.—Today, the Institute for Justice (IJ) sent a letter to the Utah High School Activities Association (UHSAA) calling on it to abandon a proposed amendment […] The post Public Interest Law Firm Calls on Utah High School Activities Association to Abandon Proposed Rule Discriminating Against International Students appeared first on Institute for Justice.

SAF FILES AMICUS BRIEF IN OREGON GUN CASE - BELLEVUE, WA – Attorneys representing the Second Amendment Foundation and two other West Coast gun rights organizations have filed an amicus brief with the 9th U.S. Circuit Court of Appeals in the case of an Oregon man convicted of illegally transferring a machine gun. SAF is joined in the brief by the California Rifle & The post SAF FILES AMICUS BRIEF IN OREGON GUN CASE appeared first on Secon...

McLAUGHLIN POLL CONFIRMS PUBLIC CONCERNS ABOUT MEDIA BIAS ON GUNS - BELLEVUE, WA – A new national poll on media accuracy and bias reveals a majority of Americans are concerned about accuracy and bias when it comes to national media reporting on gun violence and Second Amendment issues. The poll was conducted for the Second Amendment Foundation by McLaughlin & Associates, a national survey research and The post McLAUGHLIN POLL CONFIRMS PUBLIC CONCERNS ABOUT MEDI...

SAF FILES BRIEF IN CHALLENGE OF ATF FINAL ARM BRACE RULE - BELLEVUE, WA – The Second Amendment Foundation has filed a reply brief with the U.S. Fifth Circuit Court of Appeals in its challenge of the “Final Rule” issued by the federal Bureau of Alcohol, Tobacco, Firearms and Explosives regarding arm braces for pistols. In 2023, SAF won, in part, a preliminary injunction in the case. The post SAF FILES BRIEF IN CHALLENGE OF ATF FINAL ARM BRACE RULE appea...

Community banks grapple with policies to cover hidden risks of AI - Community banks are in the early days of experimenting with AI and the earlier days of writing policies to govern its usage. It's key to do both at once.

After loss at Supreme Court, payday lenders vow to keep fighting CFPB - The payday loan industry is looking to extend its years-long legal fight with the Consumer Financial Protection Bureau. It's planning to ask a federal appeals court to revisit a ruling that upheld a proposed limit on how often payday lenders can try to pull money from their customers' accounts.

Another top NYCB executive hits the road as overhaul continues - New York Community Bancorp hasn't said who will replace Chief Operating Officer Julie Signorille-Browne, who is resigning amid a management shake-up.

Calls for Ginnie Mae modernization mount after FSOC report - A recommendation to give Ginnie Mae expanded authorities is drawing focus in the reactions to a Financial Stability Oversight Council report on nonbank risks.

BNP Paribas' Barbara Nash on her very early start in finance: The Climb - Nash, the head of tech, media and telecom coverage, has no intention of ending her four-decade career anytime soon.

Luigi Federico Signorini: Lessons from recent crises - Speech by Mr Luigi Federico Signorini, Senior Deputy Governor of the Bank of Italy, at the BIS-FINMA-SNB Workshop on "Tackling the risks in systemically relevant banks: lessons from March 2023", Basel, 16 May 2024.

Gediminas Šimkus: United fighting the darkness of growing threats - Opening remarks by Mr Gediminas Šimkus, Chairman of the Board of the Bank of Lithuania, at the Annual AML Center Conference 2024 "Beyond the Surface of Illicit Finance: Allied Reponse", Vilnius, 16 May 2024.

Joachim Nagel: Reflections on the Eurosystem's new operational framework - Speech by Dr Joachim Nagel, President of the Deutsche Bundesbank, at the "Konstanz Seminar on Monetary Theory and Monetary Policy", Konstanz, 16 May 2024.

Federal Reserve Board announces its denial of two rulemaking petitions due to legal and policy considerations - Federal Reserve Board announces its denial of two rulemaking petitions due to legal and policy considerations

Agencies announce public meeting on proposed acquisition by Capital One of Discover; public comment period extended - Agencies announce public meeting on proposed acquisition by Capital One of Discover; public comment period extended

Agencies announce inflation-adjusted dollar thresholds for Regulation CC funds availability - Agencies announce inflation-adjusted dollar thresholds for Regulation CC funds availability

Press Release: FDIC Announces Settlement with an Arkansas Bank and Nine Former Employees for Violations of Consumer Protection Laws - PRESS RELEASE | MAY 17, 2024 FDIC Announces Settlement with an Arkansas Bank and Nine Former Employees for Violations of Consumer Protection Laws The Federal Deposit Insurance Corporation (FDIC) today announces a settlement with Bank of England, England, Arkansas, for v...

Special Review Committee of the FDIC Board of Directors Releases Independent Third-Party Report - REPORT | MAY 7, 2024 Special Review Committee of the FDIC Board of Directors Releases Independent Third-Party Report The Special Review Committee of the Federal Deposit Insurance Corporation (FDIC) Board of Directors today released the report from the independent third-...

United States Mint Opens Sales for Maine American Innovation® $1 Coin Products on May 16 - WASHINGTON – The United States Mint (Mint) will open sales for rolls and bags containing the third American Innovation $1 Coin of 2024 on May 16 at noon EDT. The reverse (tails) design of the coins in these products recognizes... The post United States Mint Opens Sales for Maine American Innovation® $1 Coin Products on May 16 appeared first on United States Mint.