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News & Articles By Sterling Ashworth
07/19/2026
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By Sterling Ashworth
Japan’s Parliament Reclassifies Bitcoin and Crypto as Financial Assets Under FIEA
Japan’s parliament passed an amendment on Wednesday that reclassifies cryptocurrency as a “financial asset,” a shift that pulls bitcoin and other digital assets out of the country’s payments regime and into the framework that governs stocks, bonds, and investment trusts, according to a report from public broadcaster NHK [1]. The change strips crypto of its […]
07/18/2026
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By Sterling Ashworth
China’s Oil Imports Plunge 40% as Conflict Flares in Strait of Hormuz
China’s crude oil imports fell 41% in June to 29.27 million tonnes, the lowest monthly volume since October 2016, according to data released by Chinese customs on Tuesday. The world’s largest oil importer purchased an average of 11.6 million barrels per day last year, more than the combined imports of France, the United Kingdom and […]
07/18/2026
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By Sterling Ashworth
Gold Prices Decline as U.S.-Iran Tensions and Fed Rate Hike Expectations Weigh on Market
Gold prices fell sharply on June 24, 2026, as renewed hostilities between the United States and Iran combined with growing expectations of a Federal Reserve interest rate hike prompted investors to reassess macroeconomic risks, according to market reports. Spot gold dropped 3.4% to $3,978.67 an ounce, its first move below $4,000 since November 2025, as […]
07/17/2026
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By Sterling Ashworth
Copper Crisis Deepens: IEA Warns of Acid Shortfall, Supply Cuts, and a 25% Deficit by 2035
The International Energy Agency’s Global Critical Minerals Outlook 2026 states that the short- and medium-term copper supply outlook has worsened considerably, driven by a copper supply shortage that threatens over 15% of global copper output produced via leaching. The Paris-based agency warned that the copper market faces a strong set of near-term challenges despite a […]
07/16/2026
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By Sterling Ashworth
Silver CEO Keith Neumeyer Calls for Industry-Led Pricing System, Citing Bank Manipulation
Keith Neumeyer, CEO of First Majestic Silver, proposed a new pricing mechanism for silver at the Rick Rule Symposium, according to his remarks. Neumeyer told Daniela Cambone of “The Daniela Cambone Show” at the symposium’s sidelines that banks manipulate silver prices through paper markets on the Commodity Exchange (COMEX) and the London Bullion Market Association […]
07/15/2026
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By Sterling Ashworth
Wall Street Firms Draft Contingency Plans Amid Saudi-UAE Rift, Report Says
Major financial institutions on Wall Street are preparing contingency plans for potential market disruptions arising from the widening rift between Saudi Arabia and the United Arab Emirates, according to a report from Middle East Eye. The tensions, rooted in policy disagreements over oil production and regional influence, have raised concerns among investors about stability in […]
07/14/2026
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By Sterling Ashworth
New York’s Share of U.S. Millionaires Declines, Study Estimates $10.7 Billion Tax Revenue Loss
A study released by the Citizen Budget Commission found that New York’s share of the nation’s millionaires declined substantially over a 12-year period, resulting in an estimated $10.7 billion reduction in state personal income tax revenue in the 2022 tax year. The commission’s Competitive NYS: Value Proposition Tracker dashboard showed that New York’s share of […]
07/13/2026
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By Sterling Ashworth
U.S. CBDC Ban Enacted Without Trump’s Signature on Housing Bill
A ban on the Federal Reserve issuing a central bank digital currency (CBDC) directly to individuals is set to take effect after being attached to a housing bill that became law without President Donald Trump’s signature, according to the bill text and officials. The measure, part of the 21st Century Road to Housing Act, prohibits […]
07/12/2026
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By Sterling Ashworth
Gold Price Drop Driven by Stop-Loss Liquidation, Not Fundamentals, UBS Says
Gold Selloff Seen as Positioning Reset Gold fell below key technical support at $4,050 an ounce to a low of $4,023 in New York trading Wednesday, according to market data. The decline appeared driven primarily by stop-loss liquidation and positioning adjustments rather than a material deterioration in macro fundamentals, UBS said. [1] “The move flushed out […]
07/10/2026
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By Sterling Ashworth
Businesses Report Blocked Payments From Saudi Arabia to UAE Amid Political Tensions
Saudi Arabia has reportedly delayed or blocked money transfers to accounts in the United Arab Emirates since mid-May, according to sources cited by the Financial Times (FT). The reports have raised concerns that a widening political rift between the two Gulf neighbors is now affecting commercial ties. One Western executive at a Dubai-based healthcare company told […]
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