Israel has killed at least 54,510 Palestinians and wounded 124,901 since the genocide started in October 2023. There are at least 11,000 people missing.
Category: 3 June 2025
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AS FORECAST: POLAND VOTES FOR RIGHTWING NATIONALIST IN PRESIDENTIAL RACE
Karol Nawrocki, the independent candidate for president in Poland who was backed by the “right-wing” Law and Justice (PiS) party, was declared the winner in the country’s election after securing 50.89 percent of the vote.
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IN MEETING WITH POWELL, TRUMP AGAIN PRESSES FOR LOWER INTEREST RATES
Donald Trump and Jerome Powell, chair of the U.S. Federal Reserve, met for about 30 minutes on 29 May at Trump’s invitation, the White House press office said.
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U.S. IS HOME TO A THIRD OF THE WORLD’S MILLIONAIRES, BILLIONAIRES
Thanks largely to the years-long tech boom and roaring stock market, the U.S. now has more than a third of the world’s millionaires and billionaires, according to a new report by Henley & Partners and New World Wealth, a South African research firm tracking the world’s financial riches.
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PENDING HOME SALES DIVE IN APRIL
An index gauging the number of home-sale contracts signed in April fell 6.3 percent from March, down to a reading of 71.3. The measure was 2.5 percent below that of April 2024, the National Association of Realtors (NAR) reported.
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CONGRESS FAILS TO ENACT TRUMP’S “NO TAX ON SOCIAL SECURITY” PLEDGE
In his presidential campaign, Donald Trump promised to abolish taxes on Social Security payments.
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NEW CLAIMS FOR JOBLESS BENEFITS RISE MORE THAN EXPECTED
During the week ending 24 May, 240,000 people filed new claims for unemployment benefits.
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INFLATION FALLS TO 2.1 PERCENT, VIRTUALLY MATCHING FED’S TARGET
The U.S. Federal Reserve’s favorite measure of inflation showed prices rose at a 2.1-percent annual rate in April, next door to the Fed’s long-held 2-percent target rate.
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U.S. ECONOMY SHRINKS 0.2 PERCENT IN FIRST QUARTER
The American economy contracted by 0.2 percent in 2025’s first quarter, compared to 2.4 percent growth in 2024’s final three months. It was the first quarterly contraction since 2022.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.