By Jarrett Renshaw and Ernest Scheyder
WASHINGTON, Aug 7 (Reuters) - The U.S. Export-Import Bank is lending $58 million to three critical-mineral companies as part of President Donald Trump's push to wean the country off Chinese supplies and bolster American mining and processing, according to a document seen by Reuters.
The funding is timed to coincide with Trump's meeting in Washington on Friday with executives from some of the... (continue reading...)
Investing.com -- President Donald Trump has formally initiated a new attempt to remove Federal Reserve Governor Lisa Cook, issuing a White House notification that grants her three weeks to respond to unproven mortgage fraud allegations, according to reporting from ABC News. The administrative action follows a June Supreme Court decision that blocked her immediate termination on procedural grounds while leaving open a potential legal pathway for removal "for cause."
The... (continue reading...)
Investing.com -- OpenAI is halting some internal development of its next-generation artificial intelligence model after preliminary tests suggested the software could autonomously execute sophisticated cyberattacks.
The San Francisco-based startup said Thursday that its upcoming model, code-named Astra, demonstrated advanced coding and hacking skills that may cross its internal “Critical” risk threshold. Under OpenAI’s self-imposed safety framework, an AI system... (continue reading...)
Investing.com -- Bank of America reported that nonfarm payrolls decreased by 23,000 in July, with an additional 103,000 in downward revisions to the prior two months. Private sector job growth reached 30,000 for the month.
The unemployment rate fell to 4.1% from 4.189%, driven by a decline in labor force participation. Household employment dropped by 87,000, while household unemployment decreased by 178,000.
Wage growth came in below expectations at 0.1% month-over-month... (continue reading...)
Investing.com - Citadel Securities' Scott Rubner has started advocating for adding structural exposure to gold for the first time in 2026, calling the current precious metals setup "one of the more compelling upside setups we have seen in precious metals in months."
The assessment centers on five converging catalysts that the firm believes create asymmetric upside for both gold and silver. Investors can gain direct exposure through the SPDR Gold Shares ETF and the... (continue reading...)
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