Americans blame President Donald Trump for their economic woes, according to a newly released survey.
MARKET OVERVIEW
The three major U.S. stock indexes all closed last week at record highs after setting new intraday records as well.
SPOTLIGHT: THE IRAN WAR’S ECONOMIC DAMAGE
As we detailed, two warmongers, U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu, launched an illegal war against Iran on 28 February that has inflicted severe economic damage across the globe... affecting the lives of eight billion people.
IRAN ENDS NEGOTIATIONS WITH U.S. AFTER REPEATED VIOLATIONS
Iran announced Monday that it will end all negotiations with the United States because of repeated ceasefire violations, including Israel’s ongoing offensive in Lebanon, according to Iran’s Tasnim news outlet.
AS FORECAST: ISRAEL STEALS MORE LAND IN LEBANON AS NETANYAHU CALLS FOR EXPANDED WAR
The IDF on Sunday captured the Beaufort Castle, just outside the southern Lebanon city of Nabatiyeh, as Israeli forces moved deeper into the country than at any point in the last 25 years, as Israeli Prime Minister Benjamin Netanyahu ordered a wider war.
AND BOOM! The House Of Cards Falls (Lions… “Smart Money” Is Preparing For a MAJOR DE-RISKING Event)
A “split” is developing in the markets across the board.
FUN IS DEAD: 12 PERCENT OF AMERICANS SAY THEY CAN’T REMEMBER THE LAST TIME THEY HAD FUN
A newly released study found that American adults are no longer having any fun because of so much stress in their lives.
Global Economy
SPOTLIGHT: PRIVATE CREDIT FUNDS’ PROBLEMS MOUNT
Like high-flying special-purpose acquisition companies, which were a fad in 2021 and 2022, the private credit industry’s heyday is over for the near future.
FOREIGN FIRMS USE INDIA’S STOCK MARKET TO RAISE CASH TO SEND HOME
Foreign companies have lined up to list themselves on India’s roaring market for initial public stock offerings.
HEDGE FUNDS BET THAT AI WILL WIPE OUT OUTSOURCING COMPANIES
Publicly traded companies operating call centers, doing telemarketing, and providing similar services to client businesses are doomed by AI, hedge funds are betting.
U.S. Economy
U.S. JOBLESS CLAIMS RISE MORE THAN EXPECTED
New claims for jobless benefits rose more than expected to 225,000 during the week of 30 May, the U.S. labor department reported, rising from 212,000 the week before and surpassing the 213,000 economists had forecast in a Reuters poll.
U.S. HIRING PERKED UP IN MAY
Last month, U.S. nonfarm payrolls grew by 172,000 new workers, topping all forecasts and indicating the U.S. labor market is stronger than suspected.
MARKET OVERVIEW
Investors fled the chip sector in last week’s latter days, driving the NASDAQ down by more than 1,100 points, or about 4.18 percent, on Friday to book its biggest one-day loss since Donald Trump’s “Liberation Day” tariff turmoil in April 2025.
The Iran War
TRUMP TELLS REPORTERS THAT DEAL TO END WAR IS NEAR AFTER ISRAEL IGNORES HIS PUBLIC REQUEST NOT TO STRIKE IRAN
President Donald Trump told reporters late Monday that he believes a deal to end the Iran War could be “two to three” days away, and that the agreement would “immediately” reopen the Strait of Hormuz.
NEARLY 70 PERCENT OF AMERICANS WANT THE IRAN WAR TO END AS SOON AS POSSIBLE, SURVEY FINDS
A newly released The Economist/YouGov poll found that 68 percent of Americans believe that the Trump administration should end the Iran War as soon as possible, and that 60 percent of those polled say they oppose the war.
IRAN SAYS ISRAEL MUST WITHDRAW FROM LEBANON TO END WAR WITH U.S.
Abbas Aragchi, Iran’s top diplomat, said any deal between the U.S and Tehran to end the war must include Israel agreeing to withdraw IDF troops out of Lebanon that have been occupying.
Hi-Tech Science
COOLING METHOD WOULD CUT AI DATA CENTERS’ ENERGY USE 95 PERCENT
Last year, AI data centers burned more energy to cool their chips than Sweden uses in a year. Now a new cooling method could cut that figure by as much as 95 percent.
NASAL SPRAY REVERSED BRAIN AGING IN A MOUSE EXPERIMENT
Brain fog, forgetfulness, and neural deterioration as we age are helped along by, and may even be rooted in, inflammation – what gerontologists have come to call “inflammaging,” because general inflammation tends to increase with age and bring with it a host of the conditions we associate with getting older.
HOW TO HARVEST HYDROGEN WITH WASTE HEAT
Hydrogen is being touted as a fuel of the future, but it is usually made from fuel from the past.