Tether Holdings Amasses $19.8 Billion in Gold Reserves, Becomes Top Non-Bank Holder
Tether Holdings SA, the issuer of the world’s largest dollar-pegged stablecoin USDT, added over six tons of gold to its reserves in the first quarter of 2026, pushing the total value of its bullion holdings to $19.8 billion as of March 31. This positions Tether as the largest known non-bank holder of gold globally, with […]
Mining Supercycle Gains Momentum as Funds Pour $8.24 Billion into Sector in Q1
Major fund managers are signaling the dawn of a mining supercycle, with investments in the sector surging at an unprecedented pace. Assets under management in mining exchange-traded funds soared to $87.4 billion by March 31, 2026, more than doubling from $37 billion a year earlier, driven by robust demand for AI infrastructure, defense spending, and […]
US Launches $12 Billion Critical Mineral Stockpile Plan, Initially Sourcing from China
The US Export-Import Bank has unveiled Project Vault, a $12 billion initiative to create a critical mineral stockpile, with initial sourcing open to global suppliers, including dominant player China. Announced on April 30, the program aims to shield US industries from supply shocks while laying the groundwork for domestic and allied production dominance. Backed by […]
Analyst: Oil Inventories May Not Save The Market After All
Global oil markets are leaning on an inventory buffer that looks large on paper but may become operationally fragile within months if the Strait of Hormuz remains closed. JPMorgan’s latest oil analysis says the world entered 2026 with about 8.4 billion barrels in storage, a figure that appears healthy after global inventories rebuilt in 2024 […]
Eldorado Gold’s Q1 Cash Burn Hits $240 Million as Skouries Spending Accelerates
Gold at nearly $4,900 an ounce papers over a lot. For Eldorado Gold (TSX: ELD), it papered over a 13% drop in volumes sold, a sharp run-up in costs and a deepening cash burn at its flagship Greek build, and still left the miner with one of the strongest profit prints in its history. Revenue […]
JPMorgan Rejects Viral Sex Harassment Suit After Internal Probe
A viral sexual harassment lawsuit against JPMorgan Chase executive Lorna Hajdini is now facing a sharp credibility challenge after the anonymous plaintiff was identified in reports as former JPMorgan staffer Chirayu Rana and the bank said an internal investigation found no evidence supporting his claims. Rana, 35, filed the New York County Supreme Court suit […]
Agnico Eagle Posts Record Net Income As Production Trends Lower
Agnico Eagle Mines (TSX: AEM) posted record adjusted net income for the first quarter of 2026, as a sharp climb in the gold price more than offset softer production and a steep tax bill tied to the prior year, mirroring a trend seen across gold producers in the first quarter. The miner reported adjusted net […]
America’s Financial Cushion, at Every Level, Is Gone
The United States crossed a fiscal milestone this week that few economists wanted to see: the national debt surpassed 100% of GDP for the first time since World War II. But the more revealing story is in the savings accounts, car loans, and kitchen-table calculations of ordinary Americans. The financial buffer that households and the […]
Medicare Portal Exposed Health Providers’ Social Security Numbers for Weeks Before a WaPo Reporter Found It
A publicly accessible database powering a new federal Medicare portal exposed health care providers’ Social Security numbers for at least several weeks before a Washington Post reporter flagged the problem to officials, the Post reported on Thursday. The Centers for Medicare and Medicaid Services built the directory to help seniors identify which doctors and medical […]
US Drains Emergency Oil Reserve at Fastest Pace in Years While Exports Hit All-Time Record
The United States released oil from its Strategic Petroleum Reserve at the fastest weekly rate since 2022 last week, even as American petroleum exports shattered all-time records, driven by the Iran war’s disruption of global energy supply chains. The Department of Energy released 7.1 million barrels from the SPR in the week ending April 24, […]