Author: Leslie Stewart

Consumer prices rose lower than expected in May as President Donald Trump’s tariffs had not yet had a major impact on inflation, the Bureau of Labor Statistics reported Wednesday.The Consumer Price Index, a measure of wide range of goods and services across the vast US economy, rose 0.1% that month, bringing annual inflation to 2.4%. Economists surveyed by Dow Jones were looking for measurements of 0.2% and 2.4% respectively.Excluding food and energy, the core CPI was 0.1% and 2.8%, respectively, compared to the 0.3% and 2.9% forecasts. Federal Reserve officials consider their core a better measure of long-term trends that…

Hong Kong – NBA star Victor Wenbañala plays back and forth on the basketball court, but in China he appears to have temporarily acquired the position of Xiaolin monk.The towering 7-foot-3 player from France is touring China and appears to have made a spiritual detour at Shaolin Temple in a photo that is widely shared on Chinese social media platform Weibo.Wearing a shaved head and a grey robe, Wenbanyama can be seen sitting in front of a Buddha statue in a photo posted by the official NBA Wybo page on Monday.I read the post “Deepen His Spiritual Journey!”Wenbanyama is participating…

Democrat Mikier Cheryl and Republican Jack Theatarelli won the NBC News Project’s New Jersey Governor’s Party primary and established one of the most-profile races of the year. New Jersey is one of two states with a governor’s race this year, and the contest will be one of the early signs of how voters are responding to President Donald Trump’s second term.Cheryl defeated five other Democrats for a nod to the party, threw himself as the most electionable candidate last year after struggling with the party compared to other recent presidential elections, and as a Democrat willing to stand up to…

The cargo transport container has a crane mounted on a container ship at the Bruchardkay Container Terminal in the port of Hamburg in northern Germany on June 3, 2025.Fabian Bimer | AFP | Getty ImagesThe World Bank on Tuesday sharply cut its forecasts of global economic growth, citing disruptions, particularly from trade uncertainty.Currently, the global economy is expected to expand by 2.3% in 2025, up from its previous forecast of 2.7%.”This will mark the slowest global growth rate since 2008, with the exception of a global recession,” the bank said in its Global Economic Outlook report.In particular, trade uncertainty is…

ANAHEIM, CA – Rookie Center Fielder Denzel Clark has created an even more spectacular catch for track and field. This time, they reached the top of the wall to take home run of Los Angeles Angels Nolan Chanuel on Monday night.The Angels had one and there was no one in the first one when Chanuel launched a 1-0 splitter from Grant Holman towards left center. Clark ran, planting his right foot midway through the wall with a perfectly timed leap and grabbed the top for support. He extended his top half of his body a few feet over the wall,…

During a demonstration with Bulgaria, which entered the euro zone in Sofia on May 31, 2025, the Euro logo defeated the drums that disappeared in red on the drum head.Nikolay Doychinov | AFP | Getty ImagesBulgaria is set to become the 21st member of the Eurozone after receiving a sign-off from the European Commission and the European Central Bank last week, but not everyone is sure the move is a good idea.Bulgarian Prime Minister Rosen Zyazkov is a member of the central right GERB party, who claims to be a priority for joining the eurozone and will increase economic stability…

LOS ANGELES – Four days of unrest in Los Angeles over President Donald Trump’s push for increased immigrant arrests and deportation have led to at least 56 arrests, clashes between protesters and law enforcement officials and deployment of the National Guard and Marines in the country’s second largest city. How did this happen?Tensions began Friday when immigrants, customs enforcement officers and others arrested more than 40 migrants in raids targeting workers and workers at Home Depot parking lots and Amviance apparel clothing manufacturers in search of “fictional employee documents.”As news of the attack spread fear and panic, relatives and protesters…

Alexander Spatari|Moment|Getty ImagesBusiness leaders are hoping for a recession against the United States, which first surged in the aftermath of President Donald Trump’s tariff announcement, according to data released Monday.Less than 30% of CEOs predict either mild or severe recession over the next six months, according to a survey of more than 270 CEOs’ group last week. This was a 46% decline in May and 62% in April.This month, the CEO’s share said it expects to see some growth in the US economy also exceed 40%. This is almost double the 23%, which made the same forecast in April.Expectations for…

Fruits and vegetables will be found at Walmart supermarket in Houston, Texas on May 15, 2025. Ronaldo Schemidt | AFP | Getty ImagesAmericans were less afraid of inflation in May as President Donald Trump supported the most serious of his tariff proposals, according to a New York Federal Reserve survey on Monday.A central bank’s consumer expectations survey showed that the inflation outlook for the year fell to 3.2%, down 0.4 points from April.On the three-year horizon, the outlook fell to 0.2 percentage points to 3%, while the five-year forecast fell from 2.7% to 2.6%.All three still surpass the Fed’s 2%…

Opinion: Agne Linge, Head of Growth at WefiDisrupting and competing with Decentralized Financial (DEFI) Tradfi has been the dream of many innovators in the Crypto field. Some of them praised the net inflow of over $40 billion to find Bitcoin (BTC) funds (ETFs) recorded in the US since the regulated drama last January, as the industry’s final victory.This shows that more and more investors are interested in crypto and treating it as a legitimate asset, but U-turns on core principles of independent, unauthorized access, borderless value transfers are a major victory for the industry. Crypto-based ETFs simply centralize what is…