US TREASURY SECRETARY BESSENT JUST SAID:
• US tariffs on China: 30% • China’s tariffs on US: 10%
BREAKING: US INFLATION DATA RELEASED!
• May PCE rises to 2.3%, in-line with expectations • Core PCE inflation rises to 2.7%, above expectations of 2.6%. PCE inflation is now rising for the first time since February 2025 YoY Growth: PCE (May), 2.3% Vs. 2.3% Est. (prev. 2.1%) Core PCE, 2.7% Vs. 2.6% Est. (prev. 2.5%) MoM Growth: PCE (May), 0.1% Vs. 0.1% Est. (prev. 0.1%) Core PCE, 0.2% Vs. 0.1% Est. (prev. 0.1%) Source: Macrobond
Nvidia $NVDA earns $2.22 million in profit per employee, nearly 4x more than $GOOG and $AAPL and 5.5x more than $MSFT.
Source: Beth Kindig
The Best Countries in The World (according to a survey conducted by US News in partnership with WPP and Wharton)
The U.S. News Best Countries rankings are based on a survey of 17,000 people from 36 nations who evaluated 89 countries across 10 subrankings, in partnership with WPP and Wharton. ATTRIBUTES Different, dynamic, unique Safe, affordable, stable Innovative, skilled, connected Modern, adaptable, responsive Ethical, equitable, climate-focused Low-cost, tax-friendly, efficient Trendy, prestigious, influential Fun, scenic, tourist-friendly Military, political, economic Historic, cultural, culinary Countries must meet certain GDP, tourism, and FOI thresholds to be included in the survey. Survey conducted between March 22nd-May 23rd, 2024. Source: USNews. com, Visual Capitalist
Top 10 Profitable Companies in 2024
1. Saudi Aramco: $120.7B 2. Apple: $97.0B 3. Berkshire Hathaway: $96.2B 4. Alphabet (Google): $73.8B 5. Microsoft: $72.4B 6. ICBC: $51.4B 7. JP Morgan Chase: $49.6B 8. China Construction Bank: $47.0B 9. Meta (Facebook): $39.1B 10. Agricultural Bank of China: $38.0B Source: Statista
Majority of Fed Officials Leaning Against July Interest-Rate Cut -
Bloomberg
JUST IN: China unveils 0.6 cm mosquito-like spy drone designed for stealth missions.
Source: BRICS News
Party like it's 2021?
Goldman Non-Profitable hashtag#Tech Index has gained 50% since the April low. Source: Bloomberg, Goldman Sachs
