Breaking
The Insightful Investing
Author

admin

Browsing
Sport

Maria Sharapova inducted into Tennis Hall of Fame by Serena Williams

Sport 2 Mins Read

Maria Sharapova was inducted into the Tennis Hall of Fame in Newport, R.I., on Saturday, Aug. 23. 

Sharapova amassed a 645-171 record during her career and won 36 singles titles. She’s earned close to $39 million.

The Russian started her professional career at the age of 14 in 2001, just a few years shy of her epic rivalry with Serena Williams.

Williams appeared as a surprise inductee for Sharapova.

“There are only a few players in my career who challenged me to be the very best, every single time we stepped out on the court,” Williams said of Sharapova. “Maria Sharapova was one of them. Whenever I saw her name next to mine in the draw, I made sure I practiced harder.”

The women were at the top of their game together for several years and had played 22 matches against each other since 2004. 

Their last match was in 2019. Williams has managed to get the best of Sharapova with a 20-2 record. Williams also holds an 8-1 record in major events against Sharapova, including a 3-1 record in major finals.

Sharapova’s only two victories against Williams came in the Wimbledon finals and the WTA Championships final in 2004.

This post appeared first on USA TODAY

Keep Reading
Sport

What Carson Wentz workout means for Vikings’ QB depth chart

Sport 5 Mins Read

The Minnesota Vikings are preparing to start J.J. McCarthy at quarterback to begin the 2025 NFL season. The order of the quarterback depth chart may be in flux behind him.

Case in point, the Vikings worked out veteran quarterback Carson Wentz on Saturday, ESPN’s Lindsey Thiry reports.

Wentz spent the 2024 NFL season backing up Patrick Mahomes with the Kansas City Chiefs. The 32-year-old didn’t play much, making just one start in Kansas City’s Week 18 loss to the Denver Broncos. He completed 12 of 19 passes for 118 yards and an 80.6 passer rating across his limited action.

The Chiefs replaced Wentz with Gardner Minshew during the 2025 offseason. The No. 2 overall pick in the 2016 NFL Draft has remained unsigned as he looks to play for a sixth different team over the last six seasons, but he hadn’t drawn much interest before his workout with the Vikings.

Could Wentz be a fit with the Vikings? Here’s what to know about Minnesota’s current quarterback depth chart:

Will the Vikings sign Carson Wentz?

Wentz’s workout with the Vikings doesn’t necessarily mean the team is interested in signing him imminently. NFL teams host workouts throughout the year to keep tabs on players in whom they might have interest should injuries ravage their roster.

As such, Wentz’s workout could have been a typical due diligence move by Kevin O’Connell and Co.

That said, there are two points of interest in Wentz’s workout. Notably, the veteran spent the 2023 NFL season with Sean McVay and the Los Angeles Rams. O’Connell worked as McVay’s offensive coordinator during the 2020 and 2021 seasons and runs a similar offense to his former mentor. That should allow Wentz to seamlessly ingratiate himself into O’Connell’s offense were he to sign.

Additionally, the Vikings could use some veteran quarterback depth on their roster behind the inexperienced McCarthy. Wentz has made just two starts over the last couple of seasons, but he has made 94 starts dating back to his rookie season in 2016.

Comparatively, the entire four-man Vikings quarterback room has combined to make 22 total NFL starts, with McCarthy and undrafted rookie Max Brosmer each sporting zero to their names.

So, a logical case could be made for Minnesota to add another quarterback to the fray, especially if it is seeking a veteran to help mentor McCarthy. Wentz could fit the bill, whether it’s as a backup on the 53-man roster or as a veteran presence with upside on the practice squad.

Vikings QB depth chart

Below is a look at the current pecking order in Minnesota’s quarterback room, according to the Vikings’ official website.

  1. J.J. McCarthy
  2. Sam Howell
  3. Brett Rypien
  4. Max Brosmer

Minnesota spent a first-round pick in the 2024 NFL Draft on McCarthy. The Vikings also let Sam Darnold walk in free agency to clear the path for the Michigan product to start in 2025.

The Vikings traded a fifth-round pick to the Seattle Seahawks for Howell and a later fifth-round pick during the offseason with the expectation of making the 24-year-old their backup quarterback. Howell likely remains ahead in the race for that role but endured a disappointing preseason, completing 12 of 18 passes for 118 yards, one interception and a 61.8 passer rating.

Meanwhile, Rypien is listed third on Minnesota’s depth chart but may be in danger of missing the cut. The 29-year-old completed just 15 of 29 passes for 151 yards, an interception and a 52.5 passer rating during the preseason.

Brosmer, 24, was the best of Minnesota’s backup signal-callers during the preseason. The undrafted rookie completed 35 of 58 passes for 364 yards, two touchdowns, one interception and an 82.8 passer rating in extensive action.

That may be enough to make Brosmer the team’s third-string quarterback over Rypien. Still, it isn’t clear whether the Vikings will be willing to consider the inexperienced signal-caller as their primary backup to McCarthy.

Carson Wentz stats

Wentz has posted a 47-46-1 record across his 94 career starts with a respectable 89.3 passer rating. Below is a full look at his stats from his 9-year NFL career to date:

  • Completion %: 62.7%
  • Passing yards: 22,410
  • Passing TDs: 153
  • INTs: 67
  • Passer rating: 89.3
  • Yards per attempt: 6.7
  • Carries: 357
  • Rushing yards: 1,418
  • Rushing TDs: 11

Wentz also finished third in the NFL MVP voting during the 2017 season. He played in just 13 games that season before suffering a season-ending torn ACL.

Carson Wentz teams

Wentz began his career with the Philadelphia Eagles but has played for six teams in total. Below is a look at his career timeline:

  • Philadelphia Eagles (2016-20)
  • Indianapolis Colts (2021)
  • Washington Commanders (2022)
  • Los Angeles Rams (2023)
  • Kansas City Chiefs (2024)

Wentz won Super Bowl 52 as a member of the Eagles. He did not play in that game while recovering from a torn ACL.

This post appeared first on USA TODAY

Keep Reading
Sport

Shilo Sanders ejected after throwing punch at Bills player

Sport 2 Mins Read

Tampa Bay Buccaneers safety Shilo Sanders was ejected from the team’s preseason finale against the Buffalo Bills after throwing a punch at Bills tight end Zach Davidson.

Sanders’ ejection occurred at the end of a play that saw Bills quarterback Shane Buechele throw a 1-yard pass to Elijah Moore. Sanders was engaged with Davidson, who was blocking him and continued to push the rookie safety down the field after Moore had already been tackled.

After Davidson delivered a final push to Sanders, the Colorado product took a swing at the 6-7 tight end. He landed a blow to the left side of Davidson’s helmet, prompting an immediate flag from the officials.

Sanders was quickly disqualified from the contest, bringing to an end his first NFL preseason. The Bills scored an 11-yard touchdown one play after his exit from the game.

Buccaneers coach Todd Bowles was asked during a postgame news conference about his message to Sanders after the play.

‘You can’t throw punches in this league. I mean, that’s inexcusable,’ Bowles said. ‘They’re gonna get you every time. Gotta grow from that.’

Sanders racked up three total tackles across his three preseason games with the Buccaneers, as he battled for a spot on Tampa Bay’s 53-man roster. He was listed as a third-string safety behind Antonie Winfield Jr., Tykee Smith, Kaevon Merriweather and Christian Izien on the Buccaneers’ most recent depth chart update.

Now, the 25-year-old rookie’s wait to see if he made Tampa Bay’s 53-man roster will begin in earnest.

All the NFL news on and off the field. Sign up for USA TODAY’s 4th and Monday newsletter.

This post appeared first on USA TODAY

Keep Reading
Sport

Stanford defender penalized for TikTok celebration dance

Sport 2 Mins Read

Stanford football’s Clay Patterson made quite the play against Hawai’i on Saturday, Aug. 23, blowing up an attempted trick play for a 12-yard loss late in the second half.

Then his celebration came.

The seventh-year senior broke out a hilarious celebration, busting out a TikTok dance on the field after the sack. However, the celebration was penalized, resulting in an automatic first down for the Rainbow Warriors.

‘Clay Patterson aura farming right now,’ said CBS color commentator Logan Ryan, a former NFL defensive back.

“Hawaii goes with the trickeration,” Logan added. “Clay Patterson has been in college seven years. You can’t fool him. But then he does the foolish TikTok dance that looks like it’s gonna be a taunting call. Welcome to Week 0 football, people.

‘Clay Patterson, trying to get trending real quick, cost his team. That might get you a seat next to the coach on the bench … and then you get the infamous hand on the head. ‘Oh, doy. What did I do?’”

While Patterson’s dance moves might have been elite, it was a substantial blunder for Stanford. Hawai’i avoided the negative play and later scored on the drive, taking a 14-13 lead into halftime after quarterback Micah Alejado found Jackson Harris for a 19-yard score.

Patterson had already impacted the game in a strong way before the penalty, though, as he strip sacked Alejado in the end zone in the first quarter before linebacker Wilfredo Aybar recovered the ball for a touchdown.

Patterson has two sacks against Hawai’i through three quarters, although he’d have three if it wasn’t for the penalty.

The 6-foot-3, 280-pound defensive tackle is making his presence felt against the Rainbow Warriors, but he should probably leave the TikTok dances on the internet rather than the gridiron.

This post appeared first on USA TODAY

Keep Reading
Sport

Caitlin Clark injury update: Fever guard’s status vs. Lynx Sunday

Sport 5 Mins Read

Caitlin Clark and the Indiana Fever have battled the injury bug all season long.

The 2024 Rookie of the Year has missed 23 of the Fever’s 36 games this season due to various injuries, including a right groin injury that has sidelined her 14 consecutive games. And that number will grow as Clark will the Fever’s matchup against the league-leading Minnesota Lynx on Sunday in Minneapolis.

Clark last played for the Fever on July 15, when she suffered a right groin injury in Indiana’s 85-77 win over the Connecticut Sun. She subsequently tweaked her ankle during recovery on Aug. 7, adding another hurdle to her return.

The Fever (19-17) have stumbled upon hard times and dropped five of their last seven games.

Here’s the latest on Clark’s status:

Is Caitlin Clark playing Sunday? Injury status for Fever-Lynx

Clark (right groin injury) has been ruled out of the Fever’s matchup against the Minnesota Lynx on Sunday in Minneapolis, which is set to tip off at 7 p.m. ET on ION. There is not timetable for her return.

How was Caitlin Clark injured?

Clark suffered a right groin injury in the final minute of the Fever’s 85-77 victory over the Sun at TD Garden in Boston on July 15. With 39.1 seconds remaining in the contest, Clark completed a bounce pass to Kelsey Mitchell to put the Fever up 84-75. After the pass, Clark immediately grabbed for her right groin and grimaced as she gingerly walked over and headbutted the stanchion. She did not return. 

Caitlin Clark injury timeline

  • May 24: Clark suffered a left quad injury during the Fever’s 90-88 loss to the New York Liberty, where she recorded a double-double with 18 points and 10 assists. Clark couldn’t pinpoint the specific play that caused her injury, but noted that it happened early in the contest. Clark said, ‘Adrenaline covers up a lot of stuff when you’re in the heat of battle. After the game, I had some pain, and then we got an MRI, and that kind of gave me the result that I didn’t want to see.’ She missed the Fever’s next five games.
  • June 14: Clark returned to Indiana’s lineup in the Fever’s 102-88 win over the Liberty and dropped 32 points, nine assists and eight rebounds in her first game back. 
  • June 24: Clark suffered a left groin injury in the Fever’s 94-86 win over the Seattle Storm, which resulted in Clark missing the team’s next four games. Fever coach Stephanie White said she learned of Clark’s groin injury the following night after Clark alerted team trainers of discomfort.
  • July 1: Clark was ruled out of the Fever’s 2025 Commissioner’s Cup win over the Minnesota Lynx in Minneapolis. That didn’t stop Clark from rightfully celebrating the team’s hardware.
  • July 9: Clark returned to the Fever’s lineup in the Fever’s 80-61 loss to the Golden State Valkyries. Clark was limited to 10 points, shooting 4 of 12 from the field and 2 of 5 from the 3-point line, in addition to six assists, five rebounds and four turnovers. Following the blowout loss, Clark said it was ‘going to take me a second to get my wind back. … Just trying to get my legs under me.’
  • July 15: Clark suffered a right groin injury in the final minute of the Fever’s 85-77 victory over the Sun at TD Garden in Boston. White later confirmed Clark ‘felt a little something in her groin.’ This marked the last game for which Clark suited up.
  • July 18: Clark announced that she would sit out the 2025 WNBA All-Star Game in Indianapolis, where she was named a team captain. Clark was also set to participate in the 3-point contest. She said, ‘I am incredibly sad and disappointed to say I can’t participate … I have to rest my body.’
  • July 24: The Fever said Clark’s medical evaluations confirmed there’s ‘no additional injuries or damage,’ but the team said it will be cautious with Clark’s rehab and recovery.
  • August 7: Clark reportedly suffered a mild bone bruise in her left ankle while during an individual workout session in Phoenix on Aug. 7, according to The Indianapolis Star, part of the USA TODAY Network.
  • August 8: During an appearance on Sue Bird’s podcast, ‘Bird’s Eye View,’ Clark spoke about the frustrations of her injury-filled season: “It’s not like I have a training camp to build up to play in my first game again. It’s like no, you’re tossed into Game 30 — like, ‘Go try to play well.’ It’s hard, it really is.”
  • August 10: Fever coach Stephanie White said Clark has progressed in her recovery and has started running full court again, but Clark hasn’t returned to practice just yet: an important step in her ramp-up. ‘She’s been able to get a little bit more in her full-court running with all of her body weight… She’s been able to do a little more on the court in terms of how she moves, but not into practice yet,’ White said.
  • August 20: White confirmed that Clark has not returned to practice yet.

Caitlin Clark stats

Clark is averaging 16.5 points, 5.0 rebounds and a career-high 8.8 assists in 13 games this season. Her assists average is the second-highest in the league, behind Phoenix’s Alyssa Thomas (9.0).

The USA TODAY app gets you to the heart of the news — fast. Download for award-winning coverage, crosswords, audio storytelling, the eNewspaper and more.

This post appeared first on USA TODAY

Keep Reading
Investing

Grande Portage Applies for Road Easement from State of Alaska

Investing 6 Mins Read

Easement to Facilitate Near-Term Exploration Logistics for New Amalga Gold Project & Secure Road Route Spanning One-Third of Distance from Public Highway to Project Site

Grande Portage Resources Ltd. (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB) (‘Grande Portage’ or the ‘Company’) is pleased to announce that it has applied for a State of Alaska easement related to its New Amalga Gold project in southeast Alaska. This easement application incorporates a proposal for development of approximately 1.3 miles (2 km) of gravel road along with two equipment staging areas.

Extending from Glacier Highway across State of Alaska property, development of this road segment will greatly facilitate the Company’s helicopter-supported exploration efforts by establishing an equipment staging area much closer to the project site. The helicopter shuttle distance for transporting drilling equipment and supplies would be reduced by over 60% for each cycle compared to the previous staging area located in the Juneau Mendenhall Valley suburbs.

Ian Klassen, President and CEO comments: ‘The submission of this easement application is an important step for the project. The proposed road development and equipment staging areas will not only enhance the efficiency of our exploration efforts but will also reduce the impact of helicopter noise on residential areas of the Mendenhall Valley. Furthermore, this road segment will comprise a significant proportion of the overall road development required to ultimately establish surface access to the project site.’

This initial road segment would span approximately one-third of the total distance from Glacier Highway to the project site, ending at the boundary between State of Alaska and US Forest Service land. Further road development will require separate federal environmental review and permitting. Baseline environmental studies are ongoing in order to support future federal submissions.

The future facilities at the project site are envisioned to include a small-footprint underground mining operation without an ore processing plant or tailings disposal landfill. Due to the resource location near tidewater and less than 4 miles (6.5km) from existing paved highway (Fig. 1), the Company considers off-site processing by a third party to be the most favorable configuration for the project.

Kyle Mehalek, P.E.., is the QP within the meaning of NI 43-101 and has reviewed and approved the technical disclosure in this release. Mr. Mehalek is independent of Grande Portage within the meaning of NI 43-101.

About Grande Portage:

Grande Portage Resources Ltd. is a publicly traded mineral exploration company focused on advancing the New Amalga Mine project, the outgrowth of the Herbert Gold discovery situated approximately 25 km north of Juneau, Alaska. The Company holds a 100% interest in the New Amalga property. The New Amalga gold system is open to length and depth and is host to at least six main composite vein-fault structures that contain ribbon structure quartz-sulfide veins. The project lies prominently within the 160km long Juneau Gold Belt, which has produced over eight million ounces of gold.

The Company’s updated NI#43-101 Mineral Resource Estimate (MRE) reported at a base case mineral resources cut-off grade of 2.5 grams per tonne gold (g/t Au) and consists of: an Indicated Resource of 1,438,500 ounces of gold at an average grade of 9.47 g/t Au (4,726,000 tonnes); and an Inferred Resource of 515,700 ounces of gold at an average grade of 8.85 g/t Au (1,813,000 tonnes), as well as an Indicated Resource of 891,600 ounces of silver at an average grade of 5.86 g/t Ag (4,726,000 tonnes); and an Inferred Resource of 390,600 ounces of silver at an average grade of 7.33 g/t silver (1,813,000 tonnes). The MRE was prepared by Dr. David R. Webb, Ph.D., P.Geol., P.Eng. (DRW Geological Consultants Ltd.) with an effective date of July 17, 2024.

ON BEHALF OF THE BOARD

‘Ian Klassen’
Ian M. Klassen
President & Chief Executive Officer
Tel: (604) 899-0106
Email: Ian@grandeportage.com

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain ‘forward-looking statements’ under applicable Canadian securities legislation. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as ‘believes’, ‘anticipates’, ‘expects’, ‘estimates’, ‘may’, ‘could’, ‘would’, ‘will’, or ‘plan’. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties as described in the Company’s filings with Canadian securities regulators. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Please note that under National Instrument 43-101, the Company is required to disclose that it has not based any production decision on NI 43-101-compliant reserve estimates, preliminary economic assessments, or feasibility studies, and historically production decisions made without such reports have increased uncertainty and higher technical and economic risks of failure. These risks include, among others, areas that are analyzed in more detail in a feasibility study or preliminary economic assessment, such as the application of economic analysis to mineral resources, more detailed metallurgical and other specialized studies in areas such as mining and recovery methods, market analysis, and environmental, social, and community impacts. Any decision to place the New Amalga Mine into operation at levels intended by management, expand a mine, make other production-related decisions, or otherwise carry out mining and processing operations would be largely based on internal non-public Company data, and on reports based on exploration and mining work by the Company and by geologists and engineers engaged by the Company.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED UNDER THE POLICIES OF THE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE

Source

Click here to connect with Grande Portage Resources Ltd. (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB) to receive an Investor Presentation

This post appeared first on investingnews.com

Keep Reading
Investing

OPINION — Goldenomics 104: Trump’s Tariffs and Gold

Investing 6 Mins Read

By Darren Brady Nelson

One of former President Ronald Reagan’s most famous quotes is “trust, but verify.” He made that remark on December 8, 1987, to then-Soviet General Secretary Mikhail Gorbachev as the audience gathered on that historic day for a nuclear arms treaty.

In the wake of US President Donald Trump’s April “Liberation Day” tariffs, it is time once again to “trust, but verify.” That is, that the economy is still on track for a new “golden age of America.” And that we will continue in a “golden age,” pun intended, for investing in gold.

Source: the White House.

Tariffs are not inflation

Trump’s tariffs have added to uncertainty, but they are not inflationary per se. The famous Nobel Prize-winning monetary economist, Milton Friedman, summarized what he had learned from the most comprehensive empirical study ever undertaken on inflation in the following quote:

“Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output. A steady rate of monetary growth at a moderate level [may allow] little inflation and much growth.”

Another monetary economist of the 20th century, but not quite as famous as Friedman, was Ludwig von Mises. He agreed with the first half of the quote above, but not the second. He also supported a gold standard, as seen below, as protection from inflation and accompanying boom-bust cycles:

“All economic activity is based upon an uncertain future. It is therefore bound up with risk.” Thus: “There is no such thing as a safe investment.” But: “The…gold standard alone is a truly effective check on the power of the government to inflate the currency.”

Tariffs are just taxes

A student of Mises was Murray Rothbard. The latter wrote in Power and Market that the burden of a sales tax falls entirely on the supplier and supply chain, not the consumers, yet tariffs inexplicably do the opposite. The former is closer to the truth, depending on elasticities.

Media pundits often claim that businesses pass forward tax increases, like tariffs, to consumers. This is a half-truth. The other half of this half-truth is that businesses take a hit, so that they invest and hire less. This means foreign businesses, more than American consumers.

And rather than just a 50/50 split between supply and demand, as per the graph below, economics and history show it is more like an 80/20 situation. That 80 includes a pass backward in the supply chain. This means foreign supply chains, more than American supply chains.

Source: SlidePlayer.

Rationale for Trump’s tariffs

Trump’s tariffs have created extra uncertainty, but not nearly as much as the neoliberals, on the left or right, would suggest by their outrage and alarm. Firstly, imports and import elasticities are relatively low in the US.

Secondly, Trump’s strategy is consistent with the same three exceptions to free trade, and in the same order, as did the classical liberal, and godfather of free trade economics, Adam Smith.

The first exception is not only about directly decoupling from communist China, for targeted defense purposes, but also indirectly, for broader strategic purposes, by weakening the Communist Party of China to the point of regime change, as Reagan did to the USSR.

The second and third exceptions, of reciprocity and retaliation, are part of the “art of the deal.” This three-pronged strategy, despite the outcry as being anti-free trade, is not only trying to put America first, but also to restore genuine free trade. It is a well-calculated risk.

Impact of these tariffs

According to the US Bureau of Labor Statistics (BLS) in its press release of July 17: “Import prices ticked up 0.1% in June, following a decrease of 0.4% in May, and an advance of 0.1% in April.”

The BLS added that: “Prices for US imports fell 0.2% from June 2024 to June 2025, matching the 12- month decline for the year ended May 2025. Those were the largest annual decreases since the index fell 0.9% for the year ended February 2024.”

The BLS also provided an interactive chart of the Import Price Index (IPI). Highlights from the Trump 47 era for “all imports” include: IPI increased, but at a declining rate, by 1.7 percent in February, 0.8 percent in March and 0.1 percent in April; then decreased by -0.2 percent in May and -0.2 percent in June.

“Consumer goods” are also illuminating: IPI dropped from 1.2 percent in November 2024 to -0.8 percent in March 2025; then sunk further to -1.2 percent in May before rising to -0.6 percent in June, but still negative.

The story with “industrial supplies and materials” was that: IPI grew at 5.7 percent in February, then plunged to 1.9 percent in March; followed by shrinking down into negative territory of -2 percent in April, -3.6 percent in May and -3.2 percent in June.

Source: BLS.

Conclusion

Many Main Street investors, and even those on Wall Street, are aware that gold is a great hedge against both inflation and uncertainty; and it is. But few on either streets also know that it is a great investment that outperforms the S&P Index; and it does.

Gold is very rare indeed, and not just in terms of its physical scarcity, but in its unique ability to be both a safe-haven investment and a performance investment as well. The two charts at the end demonstrate gold’s protection and gold’s growth over the decades.

Therefore, for American investors it is still the right time to “trust” in gold growth to come, “but verify” through gold protection in the meantime. Thus, when one has gold, “heads” you win and “tails” you don’t lose.

Sources: FRED (CPI) (GDP) (M3); Shiller Data (S&P); World Bank (gold).

About Darren Brady Nelson

Darren Brady Nelson is chief economist with Fisher Liberty Gold and policy advisor to The Heartland Institute. He previously was economic advisor to Australian Senator Malcolm Roberts. He authored the Ten Principles of Regulation and Reform, and the CPI-X approach to budget cuts.

Read the rest of the series: Goldenomics 101: Follow the Money, Goldenomics 102: The Shadow Price of Gold, Goldenomics 103: Gold Protects and Performs.

This post appeared first on investingnews.com

Keep Reading
Investing

Gold Price Rises as Powell Boosts Rate Cut Expectations in Jackson Hole Speech

Investing 3 Mins Read

Citing a shifting economic situation in the US, Federal Reserve Chair Jerome Powell indicated that the central bank is ready to adjust interest rates during his speech at the Jackson Hole Economic Policy Symposium.

Powell indicated that the Fed’s dual mandate goal is essentially in balance, saying the labor market remains close to maximum employment and that inflation has eased from post-pandemic highs, although it remain elevated.

However, the Fed head also noted that “the balance of risks appears to be shifting,” with significant uncertainty in the economy as a result of higher tariffs, tighter immigration and a slowdown in the pace of growth in the labor market.

“Over the longer run, changes in tax, spending, and regulatory policies may also have important implications for economic growth and productivity,” Powell added in his Friday (August 22) address.

The biggest challenge for the Fed is maintaining its dual mandate of ensuring too much slack doesn’t enter the labor market, which Powell said could happen quickly, while also attempting to ease inflation to the target 2 percent.

“A material slowing in employment growth may not be a signal that the economy is entering a downturn, but a symptom of structural shifts in the economy. For this reason, Powell and others in the Federal Open Market Committee (FOMC) have pointed to the unemployment rate as a more useful indicator of the health of the labor market,” she said.

Although tariffs are likely to take some months to work their way through the economy, with Powell suggesting there is still high uncertainty, he also indicated that “the shifting balance of risks may warrant adjusting our policy stance.”

His remarks are in line with analysts’ expectations of a 25 basis point cut to the benchmark rate in September.

In 2024, the Fed made three cuts: a 50 basis point cut in September, followed by two 25 basis point cuts in October and November. So far, it has not made reductions in 2025; however, it faced dissent from two committee members at its July meeting, the first time more than one member has voted against the committee since December 1993.

The gold price jumped following Powell’s remarks on Friday, gaining nearly 1 percent in morning trading, reaching US$3,370 per ounce by 1:00 p.m. EDT. Silver rose more than 2 percent to hit US$38.94 per ounce.

Equity markets were also in positive territory during morning trading.

The S&P 500 (INDEXSP:INX) climbed 1.49 percent to 6,465 points, and the Nasdaq 100 (INDEXNASDAQ:NDX) rose 1.48 percent to 23,485 points. Meanwhile, the Dow Jones Industrial Average (INDEXDJX:.DJI) surged 2 percent to trade in record territory at 45,687 points.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Keep Reading
Investing

Crypto Market Update: World Liberty Gets Coinbase Approval with Stablecoin Listing

Investing 7 Mins Read

Here’s a quick recap of the crypto landscape for Friday (August 22) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$116,546, a 3.9 percent increase in 24 hours. Its lowest valuation of the day was US$112,019, and its highest was US$117,310.

Bitcoin price performance, August 22, 2025.

Chart via TradingView.

The crypto market rallied after US Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Symposium offered clues that the Fed may be preparing to lower interest rates in September.

Bitcoin jumped from US$112,000 to US$116,000 in just over an hour. The current situation with inflation and the labor market, Powell said, “may warrant adjusting” the Fed’s monetary policy stance.

Powell cited a “curious balance” in the labor market, with reduced worker supply and demand increasing employment risks, while also noting that tariffs’ visible impact on consumer prices is likely to be short-lived.

However, he signaled that the central bank remains cautious of potential lasting inflation, emphasizing the need to balance its dual mandates when goals conflict.

The Fed also revised its monetary policy, stating that low unemployment alone will not trigger rate hikes. They removed language suggesting tolerance for inflation above 2 percent to offset past undershoots and no longer described low interest rates as a “defining feature” of the economy, offering greater flexibility in a volatile post-pandemic economy.

According to the CME Group Fedwatch tool, the probability of an interest rate cut at the September 17 FOMC meeting has surged to over 83 percent, up from 75 percent just yesterday.

Likewise, Ether (ETH) gained over 10 percent following Powell’s remarks, rising above the week-long US$4,600 resistance and forming a bull flag pattern, with analysts projecting potential highs around US$6,000.

ETH was priced at US$4,843.61, up by 14.5 percent over the past 24 hours, and its highest valuation of the day. Its lowest valuation was US$4,254.24.

Altcoin price update

  • Solana (SOL) was priced at US$199.01, up by 10.5 percent over 24 hours to its highest valuation of the day. Its lowest was US$178.52.
  • XRP was trading for US$3.09, up by 7.9 percent in the past 24 hours, and its highest valuation of the day. Its lowest was US$282.
  • Sui (SUI) was trading at US$3.74, up by 9.5 percent over the past 24 hours, following market trends by reaching its highest valuation as the markets wrapped. Its lowest valuation of the day was US$3.33.
  • Cardano (ADA) was also trading at its highest valuation on Friday at US$0.9334, up by 9.5 percent over 24 hours. Its lowest valuation for the day was US$0.8332.

Today’s crypto news to know

Coinbase approves Trump-backed stablecoin

Coinbase Global (NASDAQ:COIN) has listed USD1, a stablecoin issued by World Liberty Financial, the crypto project linked to US President Donald Trump and his sons. The exchange announced the move on Thursday (August 21), while Eric Trump reposted the news on X and hinted that additional updates on the project are coming soon.

With the addition, Coinbase now offers US users a wide range of stablecoins, including USDT, USDC, PYUSD, DAI and others. World Liberty launched USD1 earlier this year as part of its push into decentralized finance, positioning the token for use in a forthcoming platform built on Ethereum with Aave technology.

The platform is not yet live, but the company has said it will eventually support lending and borrowing services.

The listing comes as the US stablecoin sector gains momentum following the passage of the GENIUS Act, which set national standards for stablecoin issuance and trading.

Still, World Liberty’s political connections remain controversial, especially after reports linked USD1 to a multibillion-dollar investment in Binance from an Abu Dhabi sovereign fund.

House moves to prohibit Fed from issuing CBDC

The US House of Representatives has added a provision to a defense policy bill for the 2026 fiscal year that would ban the Fed from issuing a central bank digital currency (CBDC). On Thursday, the House Rules Committee released a revised version of HR 3838, the House’s rendition of a bill enacting the National Defense Authorization Act.

It incorporates extensive wording that prohibits the Fed from researching or developing digital currency.

In July, the House narrowly passed the Republican-backed Anti-CBDC Surveillance State Act, which aims to prevent the Fed from issuing a digital currency, with a vote of 219 to 210. Its fate in the Senate remains uncertain.

The National Defense Authorization Act and its associated appropriations bills are considered essential national security legislation. They detail the military’s funding and budget allocation. Adding this provision from the anti-CBDC bill is a strategic maneuver by supporters of the CBDC ban to increase the likelihood of it passing into law.

CFTC seeks public input on spot crypto trading regulations

Caroline D. Pham, acting chair of the Commodity Futures Trading Commission (CFTC), is calling for public input from crypto market participants on how the agency can better regulate spot crypto trading.

“The public feedback will assist the CFTC in carefully considering relevant issues for leveraged, margined or financed retail trading on a CFTC-registered exchange as we implement the President’s directive,” Pham said on Thursday.

Comments may be submitted via the commission’s website until October 20.

This marks the second leg of the CFTC’s “crypto sprint,” an initiative to fast track the implementation of a new regulatory framework for cryptocurrencies and other digital assets in the US. Last month, the agency announced that it would explore enabling the trading of spot crypto asset contracts on CFTC-registered futures exchanges.

Ripple, SBI to bring RLUSD to Japan

Ripple and SBI Holdings (TSE:8473) unveiled plans on Thursday to bring Ripple USD (RLUSD) to Japan.

Their aim is to launch the stablecoin in early 2026. The rollout will be handled by SBI VCTrade, a licensed digital payments provider, under Japan’s new regulatory framework for stablecoins.

RLUSD, first introduced in December 2024, is backed by dollar deposits, short-term US treasuries and cash equivalents, with monthly attestations from an independent firm. Ripple says this design ensures regulatory clarity and sets the coin apart as an institutional-grade product. SBI executives described the partnership as a milestone for Japan’s financial system, stressing that the stablecoin will enhance trust and convenience for users.

Ripple officials framed RLUSD as a bridge between traditional finance and decentralized networks, particularly just days after Japan approved its first yen-based stablecoin.

ECB explores public blockchains for digital euro

The European Central Bank (ECB) is reportedly exploring major public blockchain networks, including Ethereum and Solana, in connection with its digital euro design.

Sources familiar with the matter told the Financial Times that EU officials are accelerating plans for a digital euro after the passage of the GENIUS Act deepened concerns regarding the competitive viability of a European digital currency.

Sources familiar with the matter told the news outlet that while a private blockchain was widely expected for the digital euro, a public option is now being considered more seriously.

Meanwhile, the ECB informed the Financial Times that it is exploring both centralized and decentralized technologies, including distributed ledger technologies, in the lead up to a final decision.

Austrac directs Binance to appoint external auditor

Binance is facing renewed scrutiny in Australia after the country’s financial watchdog directed it to appoint an external auditor. AUSTRAC said the exchange has failed to meet standards for anti-money laundering and counter-terrorism financing controls, citing gaps in oversight and risk management. The agency also pointed to Binance’s high staff turnover and limited senior management presence in Australia as red flags.

AUSTRAC Chief Brendan Thomas warned that global crypto exchanges must adapt to local compliance requirements, regardless of their size. The action adds to a growing list of regulatory challenges for Binance worldwide, including a record US$4.3 billion fine in the US last year for failing to block illicit users.

The company’s founder, Changpeng Zhao, is serving a four month prison sentence related to those violations. Meanwhile, in Nigeria, Binance is still battling tax evasion and illegal foreign exchange allegations, with a court trial pushed back to October.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Keep Reading
Sport

Little League World Series: What channel is US championship game?

Sport 2 Mins Read

The 2025 Little League World Series continues Saturday with the United States championship game between Nevada and Connecticut, which will determine the final spot in Sunday’s championship game.

Nevada and Connecticut face off for the second time in this tournament. In their first meeting, Connecticut won 7-3 on Wednesday, Aug. 20 in a double-elimination game, which allowed the team from Fairfield to enjoy an extended rest before Saturday’s title game. Nevada rebounded by defeating South Carolina 5-3 on Thursday to keep its championship hopes alive. Now the Las Vegas team is up against the only squad that it has lost to in this tournament.

Don’t miss a moment of the action from the Little League World Series United States championship game between Nevada and Connecticut. Follow live for all the thrilling plays and game-changing moments.

Stream the Little League World Series on Fubo

How to watch 2025 Little League World Series

The 2025 Little League World Series will be broadcast on ESPN platforms, with the championship game airing on ABC. Games will also be available to stream on ESPN+.

  • Date: Saturday, Aug. 23
  • Times: U.S. championship game, 3:30 p.m. ET
  • TV: ABC
  • Stream: Fubo
  • Location: South Williamsport, Pennsylvania
This post appeared first on USA TODAY

Keep Reading