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News & Articles By Sterling Ashworth
06/15/2026
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By Sterling Ashworth
EU Military Buildup Financed Through Debt, Social Spending Cuts, Officials Say
European Union member states are increasing defense budgets to levels exceeding prior plans, according to national budgets and European Commission data. The increases occur alongside record government debt across the euro zone, with some countries implementing social spending cuts, officials said. The cumulative debt-to-GDP ratio of the euro zone is projected to surpass 90% next […]
06/14/2026
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By Sterling Ashworth
Traditional Finance Rushes Into Crypto as Institutions Buy Bitcoin Dip, Axios Reports
Traditional financial institutions are accelerating their push into cryptocurrency products in 2026, according to an Axios report. Banks, brokerages, and exchanges are racing to offer crypto services as demand from retail investors, institutions and wealthy clients reaches a tipping point. Bitcoin’s price decline near $60,000 has not deterred major institutional buyers, according to John D’Agostino, […]
06/13/2026
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By Sterling Ashworth
Gold Surges as Trump Signals Progress Toward US-Iran Truce
Gold prices recorded their largest single-day gain in more than two months on Thursday, rising as much as 3.6% before closing 3.4% higher at $4,212.26 an ounce, according to market data. The surge followed President Donald Trump’s statement that he canceled planned military strikes against Iran, citing discussions with Iranian leadership about a negotiated end […]
06/13/2026
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By Sterling Ashworth
Stock Market Volatility Rocks Bitcoin, Threatening $60K Support
A sharp decline in Big Tech stocks and volatility in oil markets triggered broad sell-offs across financial markets on Monday, June 8 – pushing Bitcoin toward the critical $60,000 support level, according to market data. The Nasdaq composite fell 3.2%, with major technology firms such as Apple, Microsoft and Nvidia losing between 4% and 6% […]
06/12/2026
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By Sterling Ashworth
Energy Prices Push U.S. Inflation to 4.2%, Highest Since 2023
U.S. inflation rose to 4.2% in May, the highest since April 2023, according to data released Wednesday, June 10, by the Bureau of Labor Statistics (BLS). The Consumer Price Index (CPI) increased 0.5% from April, matching economists’ expectations, the report stated. Energy prices were the primary driver, rising 3.9% month-over-month and 23.5% year-over-year, accounting for about […]
06/12/2026
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By Sterling Ashworth
Coinbase Exec: Institutional Buyers Seen Acquiring Bitcoin Amid Price Plunge
Bitcoin fell below $60,000 on Monday, June 8 – reaching as low as $59,099, according to market data. The decline represents a drop of more than 50% from the cryptocurrency’s all-time high near $126,000 reached in October 2025. But John D’Agostino, Coinbase’s head of institutional strategy, said in an interview on CNBC‘s “Squawk Box” that […]
06/11/2026
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By Sterling Ashworth
Kuwait Offers Crude to Asian Buyers for First Time Since 1990-91 Gulf War
Kuwait Petroleum Corp. (KPC) has offered crude oil to Asian buyers for the first time since the 1990-91 Gulf War, marking a significant shift in the state-owned company’s sales strategy, according to officials familiar with the matter. The offer involves direct sales to refiners in Asia, a departure from KPC’s long-standing practice of selling through […]
06/11/2026
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By Sterling Ashworth
Gold Price Erases 2026 Gains After U.S. Jobs Data Boosts Rate Hike Expectations
Gold Price Drops 3.5% After Jobs Data Gold declined 3.5% to $4,315 per ounce on June 5, 2026, its lowest since March, according to trading data. The drop followed the release of the May nonfarm payrolls report, which showed stronger-than-expected job growth. U.S. gold futures fell more than 3.2% to $4,342 an ounce, erasing all […]
06/11/2026
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By Sterling Ashworth
U.S. Inflation Rises to 4.2% in May, Highest in Three Years; Trump Predicts Drop After Iran War
The U.S. annual inflation rate surged to 4.2% in May, up from 3.8% in April, according to Bureau of Labor Statistics (BLS) data released on Wednesday, June 10. This marks the highest 12-month inflation reading since April 2023. The increase was driven primarily by rising energy costs, the agency said. Core inflation, which excludes volatile food […]
06/10/2026
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By Sterling Ashworth
Russia Cuts Oil Exports Amid Ukrainian Drone Strikes and Domestic Shortages
Russia is reducing crude oil exports from its western ports to approximately 1.7 million barrels per day (bpd) in June, down from an estimated 2.5 million bpd in May, according to Reuters calculations cited by industry analysts. The cutback is driven by a combination of sustained Ukrainian drone strikes on oil infrastructure, domestic fuel shortages […]
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