Hello. It's Monday, 10th Feb, and we're covering the penny prodcution, Gold soar & much more.

Trump Moves to End Penny Production, Calling It a Costly 'Waste' for the U.S.

In a surprising move, President Donald Trump has announced that he has directed the U.S. Treasury to cease minting new pennies, citing the rising production costs that exceed their value. In a post on Truth Social, Trump decried the "wasteful" practice, emphasizing that each penny costs nearly four cents to produce, leading to significant financial losses for the U.S. Mint.

This directive, part of Trump’s broader mission to streamline government spending, raises questions about the legality of halting penny production without Congressional approval. Economists suggest the Secretary of the Treasury might have the authority to stop minting pennies, even if a law is required for complete elimination.

With countries like Canada already having ditched their one-cent coins, Trump's proposal ignites a debate on the future of currency and the practicality of maintaining low-denomination coins in the modern economy.

Gold Soars to All-Time High Amid Trump’s Tension-Fueled Tariff Threats—Investors Flock to Safety!

Gold prices soared to a record high of $2,903.21 per ounce as U.S. President Donald Trump announced plans for new tariffs on steel and aluminum imports, heightening uncertainty in global markets.

Investors flocked to gold as a safe haven amid fears of rising inflation and potential impacts on the U.S.economy. This surge in bullion prices reflects its enduring role as a stable store of value during tumultuous times.

Analysts note the unpredictable nature of Trump's trade policies, further fueling gold's appeal. Meanwhile, China continues its gold reserve expansion, indicating a strategic shift toward diversifying its holdings.

As traders await insights from Federal Reserve Chair Jerome Powell regarding future monetary policy, gold's appeal remains robust, attracting investors looking to hedge against economic instability. With tariffs looming and inflation concerns rising, gold is reclaiming its status as a go-to asset for risk-averse investors.

Trump’s Birthright Citizenship Bid Hits a Brick Wall with Third Judge’s Block!

A third federal judge has delivered a significant blow to President Trump’s executive order aimed at curtailing birthright citizenship. U.S. District Judge Joseph Laplante's recent ruling imposed an indefinite injunction against the directive, which sought to limit the 14th Amendment’s guarantees for children born in the U.S. to parents without permanent legal status.

His decision follows similar injunctions from judges in Seattle and Maryland, reflecting a growing judicial resistance to the controversial policy. During the hearing, Laplante emphasized the constitutional implications, stating that the order inflicted serious harm on children and their families.

The case was brought forward by civil rights organizations, including the ACLU, which argued that Trump’s order represented a fundamental attack on constitutional rights. With multiple lawsuits already filed against the directive, the legal battle over birthright citizenship is heating up as critics rally against what they deem a violation of the rule of law.

Sports & Entertainement

• Show-Stopping Hits: Kendrick Lamar wowed fans at the 2025 Super Bowl Halftime Show, delivering an electrifying performance featuring hits like "Not Like Us" and "Humble." Joined by SZA, Lamar showcased his artistry with a dazzling 13-minute mashup while making headlines with his Drake diss track. The show, featuring vibrant visuals and energetic dance, left the crowd buzzing as the Eagles claimed victory.

• What’s Next for Eagles : The Philadelphia Eagles are primed for another successful season after their Super Bowl LIX victory, retaining most of their talented roster, including stars like Jalen Hurts and Saquon Barkley. With a young, formidable defense and smart drafting by GM Howie Roseman, the Eagles are set to build on their dominance.

Business & Economy

• Aluminium Tariffs: Donald Trump has announced a hefty 25% tariff on all steel and aluminium imports to the US, potentially impacting Canada the hardest. He promises reciprocal tariffs on countries taxing US imports, heightening trade tensions with China and Europe. Critics warn these moves could jeopardize jobs and drive up prices for American consumers. The trade war escalates as global markets react.

• Deepseek AI Revolution: Deepseek is revolutionizing AI in China, empowering companies like Lenovo to challenge U.S.tech dominance. With cost-effective models like Deepseek-V3, businesses across sectors—robotics to pharmaceuticals—are transforming their operations. Lenovo's stock soared 27% after integrating Deepseek technology, signaling a bold shift in the tech landscape as China asserts its technological independence amidst rising global tensions.

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