Could — and Should — the Fed Own Gold?

American Express Hit With $350 Million Fine For Anti-Money Laundering Lapses Authored by Bill Pan via The Epoch Times, American Express has been ordered to pay a $350 million penalty over what federal regulators described as "critical deficiencies" in its anti-money laundering controls. The American Express credit card is accepted at the front of a business in Chicago, Il., on February 11, 2025 Scott Olson/Getty ImagesThe regulators said it missed about $13 billion in suspected activity over more than a decade. The Office of the Comptroller of the Currency announced the civil penalty...

Trump To Sign Order To Pay TSA Agents Authored by Jacki Thrapp via The Epoch Times (emphasis ours), President Donald Trump plans to sign an order that will pay Transportation Security Administration (TSA) agents who have not received a check since the Department of Homeland Security (DHS) entered a partial shutdown in mid-February. “I am going to sign an Order instructing the Secretary of Homeland Security, Markwayne Mullin, to immediately pay our TSA Agents in order to address this Emergency Situation, and to quickly stop the Democrat Chaos at the Airports,” Trump...

Futures Rise As Wall Street Moves On From Jensen, Microsoft Outage Drags Into Day Two US futures are higher as traders move on from the Nvidia leadership shock and shrug off a global Microsoft outage that is now in its second day, while the IEA's call that the oil market is swinging to a surplus and a rebound in short-dated Treasuries take some of the edge off the week's bond rout heading into the PPI report. As of 8:00 am ET, S&P futures are 0.3% higher while Nasdaq futures rise...