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.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Elon Musk resigned as a special government employee with the Department of Government Efficiency last week, coinciding with the end of his 130-day term.
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BIDEN ADMINISTRATION IDENTIFIED SOME COVID-19 VACCINE CRITICS AS ‘DOMESTIC VIOLENT EXTREMISTS’, ACCORDING TO DECLASSIFIED DOCUMENT
The U.S. Director of National Intelligence Tulsi Gabbard declassified a Biden-era document that identified some critics of the experimental COVID-19 jab and mask mandates as “Domestic Violent Extremists.” The document’s release was in response to a Freedom of Information request by journalist Catherine Herridge, who noted on X that the papers seem to “draw a......
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PETER THIEL’S PALANTIR WILL HELP TRUMP DEVELOP PLATFORM CONTAINING DATA ON MILLIONS OF AMERICANS
The Trump administration will use Peter Thiel’s Palantir to help it smooth out how government agencies share data on millions of Americans, raising privacy concerns given the company’s deep ties to the CIA and Israel’s military.
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GWU STUDENT FACES THE WRATH THAT COMES WITH SPEAKING OUT AGAINST GENOCIDE
The decision by George Washington University to ban a student from campus after she spoke out about the Gaza genocide during a graduation ceremony was criticized by the school’s International Youth and Students for Social Equality group that said it is in “full solidarity with all students facing repression.”