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
Treasury Secretary Scott Bessent asked Republicans in Congress on Thursday to remove the so-called “revenge tax” from President Trump’s “big, beautiful” bill
The provision would grant Trump the authority to tax foreign holdings of US investments as a way to retaliate against countries imposing new taxes on US companies operating overseas. Bessent argued that the provision, known as Section 899, was no longer necessary after the Trump administration reached a deal with G7 nations at last week’s summit to exempt US companies from a 15% global corporate minimum tax championed by the Biden administration. “After months of productive dialogue with other countries on the OECD Global Tax Deal, we will announce a joint understanding among G7 countries that defends American interests,” the Treasury secretary wrote on X. “President Trump paved the way for this historic achievement.” Source: New York Post
