Washington has managed to “cut off probably over 95 percent of the oil revenues” of Iran, according to US Treasury Secretary Steven Mnuchin. He told Fox News that US officials are now working on the issue with China, as the country accounts for a significant part of Iran’s remaining oil exports. “I sat down with the Chinese officials. They flew in a delegation to meet with us and... 

Harvard University on Thursday night acknowledged that it had taken in approximately $9 million in donations from pedophile and alleged child sex-trafficker Jeffrey Epstein over the course of a decade ending in 2007, according to the Boston Globe. The donations, the bulk of which occurred while former US Treasury Secretary Larry Summers served as the university’s President, provides clarity after... 

A weak US dollar, a possible war between the US and North Korea or the impeachment of Donald Trump could result in one of the longest-ever rallies for gold, according to precious metals expert Jim Rickards. “This is gold’s breakout year. We are in the third bull market of my lifetime – and we have a very long way to run,” Rickards said in an interview to Kitco News. The reasons for... 

The US government ended up losing $10.5 billion on the General Motors bailout. Taxpayers lost a whopping $10.5 billion on the federal government bailout of General Motors – but officials insisted another course of action would have been even worse. After selling its remaining shares of the Detroit-based automaker Monday, the US Department of the Treasury said it had recouped $39 billion of the... 

Financial markets in Asia and Europe have been rocked over concerns that the United States’ government might be heading for a partial shutdown. Washington should agree to a new spending bill before the end of the financial year at midnight on Monday amid political divisions that have created a stalemate. If the American lawmakers fail to agree on the budget deal, essential federal services could...