Central Banks Are Buying More Gold Than Ever-And This U.S. Miner Is Ready to Oblige

Central banks are rapidly increasing their gold reserves-now nearly 20% of global assets. With rising demand and geopolitical pressure, U.S. gold supply is becoming more strategic than ever.

Nicaragua closes US Chamber of Commerce and 150 other organizations

TRÂN NGUYỄN
August 22, 2024

MEXICO CITY (AP) -- Nicaragua's government closed another 151 nongovernmental organizations Thursday, among them some of the most important trade organizations, including the American Chamber of Commerce, coming just days after the government shuttered some 1,500 nongovernmental organizations, many of them religious in nature.

The Interior Ministry also cancelled the legal status of the umbrella organization for European countries' chambers of commerce in Nicaragua.

The U.S. chamber, known locally as AMCHAM, had been in existence in Nicaragua for 47 years. It focused on promoting investment and bilateral trade with Nicaragua's most important trade partner. The Associated Press left messages with the chamber seeking comment on the move.

The relationship between the U.S. and Nicaragua has been strained for years, especially since President Daniel Ortega's deadly crackdown on massive street protests in 2018, but commerce continued.

Other groups closed in the decree were the National Union of Farmers and Ranchers, as well as chambers of commerce from various other countries including Mexico, Panama and Uruguay.

Ortega has targeted nongovernmental organizations since the 2018 uprising, alleging that organizations receiving foreign funds were involved in what he considered an attempt to oust him from office. To date, his government has closed more than 5,000.

On Monday, Ortega decreed that 1,500 organizations, mostly religious and including churches, be closed. Officially, the government said they had not correctly reported their financial statements to the government.

Enrique Sáenz, an economist and political analyst, said that the closure of organizations tied to the private sector, which he characterized as "absolutely irrational."

"They're shooting themselves in the foot with a shotgun," he said, noting that the government is reducing public spending and now will lose the jobs those organizations created.

"It sends a disturbing message" to businesses and overseas and displays "a climate of uncertainty for trade and investment," he said.

The closures impact Nicaraguans as well since many of the organizations provide some form of relief to people in need, he said.

Continue Reading...

Popular

Anthony Scaramucci Calls Zohran Mamdani's Win An 'Anger-Based Reaction' To Boomer Policies, Says New NYC Mayor Could Become 'Popular' If...

Anthony Scaramucci, the founder of SkyBridge Capital, described Zohran Mamdani’s victory in New York City's mayoral race as an “anger-based reaction” by the young people against the policies of the boomer generation's political elites.

"This Man Is My Kind of Contrarian" - Ad

Renowned Futurist, Eric Fry, has been seen on CNBC repeatedly this week voicing a highly contrarian call. "Nvidia, Amazon and Tesla are ticking time bombs in investors' portfolios," he says. Instead, he's sharing three NEW stocks positioned to take over as the tech kingpins of tomorrow.

Can Solana Do What Bitcoin Can't? Amplify's New ETF Aims For 36% Income

Amplify ETFs, the issuer known for thematic and income-driven fund products, has just launched the Amplify Solana 3% Monthly Option Income ETF (BATS:SOLM), a first-of-its-kind product combining the growth momentum in Solana (CRYPTO:

France threatens to block Shein over sale of childlike sex dolls ahead of Paris store opening

PARIS (AP) — French authorities have warned they may block access to after it emerged that the online fast fashion giant had been selling sex dolls with a childlike appearance.

How to Screw Everything Up and Get Paid for It - Ad

Elon Musk just secured a $29B handout from Tesla's board to help "keep his energies focused." It's an obscene reward when the company's much-hyped pivot from EV to AI is still unproven, and its Optimus robot has zero pre-orders. But there's a much better play here... a little-known robotics stock already landing the kinds of huge deals Tesla can only dream of.

Dave Ramsey Reveals Why Millionaires Crush Mortgages Early

Dave Ramsey advises buying a home with cash, citing his firm's survey of millionaires who often retire their mortgages in about 10 years.

Elon Musk Tells Joe Rogan: 'Trump Actually Is Not Perfect, but He's Not Evil'

In a Friday appearance on The Joe Rogan Podcast, Elon Musk defended President Donald Trump, stating that while Trump is "not perfect," he is also "not evil."

From Ore to Gold Bars-This Nevada Mine Is Already Producing - Ad

Most juniors explore...Few actually produce. This one's already pouring gold thanks to infrastructure that would cost tens of millions to build today. With major land holdings and room to scale, it's one to watch.

Cathie Wood Bets Big On Jack Dorsey's Bitcoin-Heavy Block, Adds Amazon And Alibaba — Sells Shopify, Surging Palantir

On Monday, Cathie Wood-led Ark Invest executed significant trades, including a notable purchase of shares in Amazon.com Inc. (NASDAQ:AMZN), Block Inc.

Is Big Pharma's Next Target Already in Play? - Ad

A small biotech may have cracked one of medicine's biggest problems-how to deliver cancer drugs safely and effectively. With patented technology and promising early data, it's already catching the attention of Big Pharma.

IREN Skyrockets After Sealing $9.7 Billion AI Cloud Deal With Microsoft

Pre-market trading sees IREN shares up after securing $9.7B cloud contract with Microsoft, partnering with Dell.

DoorDash Posts Mixed Q3, Plans Investment Of 'Several Hundred Million Dollars' In 2026

DoorDash plans to invest "several hundred million dollars" in 2026. This will weigh on margins, but it's worth it, analysts argue.

A Tiny Biotech Just Posted 10× Stronger Cancer Results - Ad

Early studies show this breakthrough delivery platform would make cancer treatments safer and more powerful. Now, with Big Pharma watching closely, investors are starting to take notice of what could be the next major biotech story.

Nasdaq Surges Over 100 Points, Records Gains In October: Greed Index Remains In 'Fear' Zone

CNN Money Fear and Greed index remained in Fear zone on Friday. US stocks closed higher, Nasdaq up 4.7% in October. Amazon reported earnings.

The $43B Big Pharma Story is Starting Over-With a New Player - Ad

Big Pharma once paid $43B for a small biotech with a similar platform. Now, a new company is following that same playbook, leveraging its patented delivery technology to attract partnerships and near-term revenue potential.

Billie Eilish Asks Zuckerbeg, Other Billionaires To Donate

Billie Eilish urges billionaires to share their wealth for good causes during award acceptance speech. Mark Zuckerberg in attendance.

Apple Planning A Chromebook Killer? iPhone-Maker's New Budget Mac Will Target Students, Businesses And Casual Users: Report

Apple is reportedly developing a new budget Mac laptop aimed at students, businesses and casual users, targeting Chromebook and entry-level Windows PC buyers with a planned 2026 launch.

Is Nvidia About to Trigger Another 150X Opportunity? - Ad

Nvidia gave investors a chance to make more than 150 times their money with its AI chips known as graphic processing units. Legendary investor Louis Navellier believes this new invention could be even more revolutionary and mint a new wave of millionaires.

Donald Trump Jr.-Linked Drone Maker Unusual Machines Wins Major Pentagon Deal

Unusual Machines secures its largest Pentagon drone contract to date, with Trump Jr. serving as an adviser but not involved in the deal.

Jim Cramer Warns 'Don't Be Fooled' Because Speculators In Gold, Quantum And Nuclear Energy Aren't Going Down 'Without A Fight'

Former hedge fund manager and renowned CNBC TV host Jim Cramer is sounding the alarm on certain speculative pockets of the market, urging investors to sell into the "snapback" momentum if they haven't already done so.

Have You Seen This Man on TV This Week? - Ad

He's been all over CNBC with his latest findings that Nvidia, Amazon and Tesla are ticking time bombs in investors' portfolios. He's a futurist known for making contrarian and highly accurate calls over the past 30+ years. Today, he's sharing the three stocks positioned to take over as the tech kingpins of tomorrow.

S&P Global Boosts Outlook As CEO Hails Exceptional Growth

S&P Global (NYSE: SPGI) shares surge after reporting strong Q3 results, beating expectations with adjusted earnings of $4.73 per share.

Warning: Is Nvidia About to Crash? - Ad

While some analysts think the stock is overvalued or a bubble ready to pop... Nvidia could actually be about to shock the world with... This new invention that could be 1,000 times more powerful than AI. If you missed out on Nvidia's 150X boom...

Hedera Gets Its First ETF: Canary's HBAR Fund Lets Investors Tap Into The Tokenization Boom

Canary Capital Group’s new fund, the Canary HBAR ETF (NASDAQ:HBR), launched on Oct 28, marking a significant expansion of investors’ access to digital assets outside of Bitcoin and Ethereum.

National Retail Federation : holiday sales to increase 3.7% to 4.2% despite concerns over inflation

NEW YORK (AP) — American shoppers are expected to spend more during the holiday shopping season this year, compared with a year ago, despite uncertainly over tariffs and the overall economy.

Central Banks Are Buying More Gold Than Ever-And This U.S. Miner Is Ready to Oblige - Ad

Central banks are rapidly increasing their gold reserves-now nearly 20% of global assets. With rising demand and geopolitical pressure, U.S. gold supply is becoming more strategic than ever.

Why Are First Solar Shares Surging On Friday?

First Solar beats Q3 sales estimates and reports record module shipments. Analyst raises price target to $150 despite supply chain challenges.

Ford's enormous F-150 becomes unlikely part of Japan's efforts to woo Trump

TOKYO (AP) — Japan's most iconic truck might be the tiny white transport vehicles that farmers use to lug gear on the narrow roads that link their rice fields.

"This Man Is My Kind of Contrarian" - Ad

Renowned Futurist, Eric Fry, has been seen on CNBC repeatedly this week voicing a highly contrarian call. "Nvidia, Amazon and Tesla are ticking time bombs in investors' portfolios," he says. Instead, he's sharing three NEW stocks positioned to take over as the tech kingpins of tomorrow.

Boeing may face its first civil trial seeking damages for deadly Ethiopia crash

More than six years after a jetliner crashed in Ethiopia, the first civil trial stemming from the disaster that killed all 157 people on board appears poised to move forward.

How to Screw Everything Up and Get Paid for It - Ad

Elon Musk just secured a $29B handout from Tesla's board to help "keep his energies focused." It's an obscene reward when the company's much-hyped pivot from EV to AI is still unproven, and its Optimus robot has zero pre-orders. But there's a much better play here... a little-known robotics stock already landing the kinds of huge deals Tesla can only dream of.

Court Blocks Trump's SNAP Reductions, But Stricter Eligibility Rules Begin

New work requirements for SNAP begin Saturday, but benefits may not be issued through November due to the government shutdown.

From Ore to Gold Bars-This Nevada Mine Is Already Producing - Ad

Most juniors explore...Few actually produce. This one's already pouring gold thanks to infrastructure that would cost tens of millions to build today. With major land holdings and room to scale, it's one to watch.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright systemtrading.ca
Privacy Policy | Terms of Service