The International Monetary Fund (IMF) has boosted its forecast for the world economy’s growth this year to 3 percent and to 3.1 percent in 2026.
Category: 5 August 2025
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MICROSOFT BECOMES THE SECOND $4-TRILLION COMPANY
On 31 July, Microsoft’s value on the NASDAQ exchange touched $4.01 trillion, making it the second company after chipmaker Nvidia to achieve that milestone. Nvidia passed $4 trillion in market value on 9 July.
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UCLA LATEST SCHOOL TO HAVE FUNDING FROZEN OVER ALLEGED ANTISEMITISM ON CAMPUS
The Trump administration has frozen over $300 million in federal funding for UCLA over its “illegal” approach to affirmative action policies and not doing enough to stop antisemitism on campus, in what has been seen as the White House’s latest effort to smash any criticism of Israel on college campuses.
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SOCIETAL BREAKDOWN IN GAZA HAMPERS HUMANITARIAN AID DISTRIBUTION
Israel has created something akin to a post-apocalyptic world in Gaza in its response to the Hamas attack in 2023, and the battered enclave is essentially lawless, where the starving population fights over the small amount of food that Tel Aviv allows in.
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MORE THAN 40 PROTESTERS ARRESTED OUTSIDE TRUMP INTERNATIONAL HOTEL IN NEW YORK
New York City police arrested more than 40 protesters who materialized Monday night in front of the Trump International hotel to voice their outrage over the Trump administration’s continued backing of Israel’s genocide in Gaza.
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NOTHING TO SEE HERE: WITKOFF APPROVES GHF SITES AFTER PR VISIT
Steve Witkoff—or is it Jerk-off—U.S. President Donald Trump’s special Middle East envoy, joined Mike Huckabee, the U.S. Ambassador to Israel—an Evangelical Christian phony who loves war in the dishonor of the Jesus he says is his God—inspected a Gaza Humanitarian Foundation (GHF) site inside the bombed out enclave to get a sense of its operation.
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SPOTLIGHT: HOUSING MARKET UPDATE
Tracking trends is the understanding of where we are and how we got here to see where we are going. On the housing market front, let’s take a look at how we got here.
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ARTIFICIAL INTELLIGENCE IS ERASING ENTRY-LEVEL JOBS
New graduates with their college diplomas in hand are finding fewer ways to enter the job market. Artificial intelligence (AI) got there before they did.
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U.S. FACTORY ACTIVITY CONTRACTED DRAMATICALLY IN JULY
U.S. manufacturing activity shrank for the fifth consecutive month in July at the fastest clip since November, according to the Institute for Supply Management’s purchasing managers index (PMI).
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U.S. INFLATION ROSE AGAIN IN JUNE
In June, consumer prices ticked up 0.3 percent from May and rose at a 2.6-percent annual rate, according to the Personal Consumption Expenditures Price Index, the U.S. Federal Reserve’s preferred measure of inflation.