The Personal Consumption Expenditures Price Index (PCE), the U.S. Federal Reserve’s preferred measure of inflation, rose 0.3 percent in May from April, registering a yearly increase of 4.1 percent, its highest since October 2023.
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U.S. ECONOMY GREW 2.1 PERCENT IN FIRST QUARTER
The U.S. economy expanded by 2.1 percent in this year’s first three months, the commerce department said in its final revised calculation. An earlier estimate had put the figure at 1.6 percent.
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TRUMP AND COMMERCE SECRETARY SONS POISED TO MAKE FINANCIAL WINDFALL FROM U.S.-BACKED DEAL
President Donald Trump and Commerce Secretary Howard Lutnick worked to land a mining deal with Kazakhstan at the same time their sons were working with individuals tied to the company that was given the project – raising new criticism that the president, his friends, and family continue to enrich themselves during his second term in office.
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TRUMP PURCHASED UP TO $5 MILLION IN AXON STOCK JUST BEFORE MAJOR DEAL ANNOUNCEMENT BY GOVERNMENT
President Donald Trump’s luck continues when it comes to playing the market after disclosing that he bought up to $5 million in stocks in Axon Enterprise, a police software company, just before the U.S. Immigration and Customs Enforcement (ICE) announced that it sought a deal for a company to produce about 17,800 tasers for $220 million over five years, CNBC reported.
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GEN Z REVOLUTION: KENYA’S GOVERNMENT LOCKS DOWN CITY TO STOP PROTESTS
Kenyan President William Ruto’s government last week ordered sections of Nairobi, the country’s capital, to be locked down in hopes of stopping Gen Z protests.
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FINDING SECURITY IN AN INSECURE WORLD (Part I) – Overcoming Self-Deception and Self-Delusion
I see a society and its citizens in crisis.
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DATA CENTERS ‘BECOME PROXY BATTLEGROUND FOR GEOPOLITICAL INFLUENCE,’ REPORT SAYS
There has never been more investment in data centers to keep up with AI demand, but these investors have had to juggle political interests when deciding where to spend their money on projects that could come with headaches.
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MAMDANI CITES ‘SHIFT IN THE BALANCE OF POWER’ AFTER SEEING THREE DEMOCRATIC PRIMARY PICKS CARRY THE DAY
Zohran Mamdani, the mayor of New York City, said last week after the Democratic primary elections that there has been a clear “shift in power” when he watched the three House candidates he supported win their elections against the more establishment selections.
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ISRAEL PLAYED CENTRAL THEME IN DEMOCRATIC PRIMARIES IN NEW YORK, AND SUPPORT FOR TEL AVIV PROVED TO BE DAMAGING
Political analysts watched last week’s House democratic primary in New York and saw just how deeply unpopular support for Israel has become within the party, which was seen as a wake-up call going into the midterm elections.
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DEMOCRATIC SOCIALISM IS THE FUTURE: MAMDANI’S PICKS SWEEP CONGRESSIONAL PRIMARIES IN NEW YORK
Zohran Mamdani, the Democratic mayor of New York and self-proclaimed “democratic socialist,” played a kingmaker during last week’s primary elections when the three congressional candidates he backed won, which was the latest sign that the public is tired of politics as usual and open to democratic socialist policies.