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Google Workers Rally at Headquarters Over Job Security, Union Demands Voluntary Exits
Google employees held a rally at the Mountain View headquarters, demanding job security amid ongoing layoffs. The Alphabet Workers Union is calling for voluntary exits and guaranteed severance packages.
Trump Media to Launch Truth API for High-Frequency Traders
Trump Media plans to launch a paid Truth API service that gives trading firms millisecond-early access to Trump's Truth Social posts before public release, targeting high-frequency traders.
CIA Director: Russian Recruits Survive Minutes at Front Due to AI Drones
CIA Director Ratcliffe stated that Russian recruits arriving at the Ukraine front survive an estimated 20-30 minutes before being killed or wounded, citing Ukraine's widespread use of AI-powered drones.
Fed's Jefferson: Labor Market Stabilizing, AI Uncertainty
Federal Reserve Vice Chair Philip Jefferson said the labor market is stabilizing in a low-hire, low-fire environment driven by uncertainty, particularly over AI. He welcomes more dynamism but wants to avoid rising unemployment.
Taylor Farms Lettuce Linked to Parasitic Outbreak Infecting Thousands
A parasitic outbreak tied to iceberg lettuce from Taylor Farms supplied to Taco Bell has infected thousands across five states, with Michigan reporting over 4,000 cases as of Thursday, according to the WSJ.
Trump-Netanyahu Meeting Not Scheduled; Netanyahu Sought to Force It - Axios
According to Axios, no meeting is scheduled between President Trump and Israeli Prime Minister Netanyahu. White House officials say Netanyahu sought to force a meeting, while Trump is reportedly angered by Netanyahu's criticism of a Turkey jet sale.
Fed's Jefferson Says Policy 'Well Positioned' to Support Jobs, Inflation
Federal Reserve Vice Chair Philip Jefferson stated that current monetary policy is appropriately positioned to support the labor market and allow inflation to return to 2% as tariff effects and energy price shocks fade.
Fed's Jefferson: Current Policy Stance Supports Labor Market and Disinflation
Federal Reserve Vice Chair Philip Jefferson stated that the current monetary policy stance is well positioned to support the labor market and continue the disinflation process while maintaining flexibility for changing conditions.
WTI Crude Oil Fails Again at $80 Resistance, Drops Below $79
West Texas Intermediate crude oil fell about 1% to below $79 after failing to breach the $80 level for the third consecutive time, with the 50-day EMA providing stiff resistance.
S&P 500 Bull Run Among Strongest in History Since 1928
The current bull market has seen the S&P 500 gain 95% since end-2022, placing it in the top 10% of all bull markets since 1928. The median historical gain over 3.5 years is roughly 35%.
Chip Selloff Drags U.S. Stocks Lower on AI Spending Returns Doubts
U.S. stocks fell as a 4.3% drop in chipmakers fueled concerns over AI investment returns, with the Nasdaq 100 down 1.6% and Alphabet sliding 4.4% on reports of AI model delays.
BHP High-Voltage Workers Vote Overwhelmingly for Industrial Stoppages
97.5% of BHP high-voltage workers have endorsed industrial stoppages after four months of targeted work bans, according to the Electrical Trades Union.
Brazil Reaffirms Free Trade Commitment, Weighs Reciprocity Law on US Measures
Brazil reiterated its dedication to free trade, WTO rules, and the multilateral trading system, adding that it will decide at the appropriate time whether to invoke its new reciprocity law in response to potential U.S. trade actions.
Brazil VP Alckmin Calls US Tariffs Unfair and Unreasonable
Brazil’s Vice President Geraldo Alckmin said US tariffs are unfair and based on false premises, arguing that the US actually runs a trade surplus with Brazil and most American exports enter Brazil duty-free.
US-Mexico Trade Deal Shift Threatens Silver Supply Stability
The US declined to renew the long-term trade agreement with Mexico, which produces about a fifth of the world's silver. The deal now faces annual reviews instead of a 16-year lock-in, creating supply uncertainty.
Richest Americans' Wealth Reaches Record 12% of National Income
The top 0.00001% of Americans now control about 12% of US national income, a record high that has more than quadrupled since the 2008 Financial Crisis, fueled by surging equity and real estate markets.
EU Seeks to Rebalance Trade with China Without Closing Door: Standard Chartered
Standard Chartered analysts note the European Union is working to recalibrate its trade relationship with China, aiming to strike a balance without severing ties.
Fed's Logan: Immigration restrictions could hurt Texas labor force, AI investment near-term inflationary
Dallas Fed President Lorie Logan expressed concern over immigration restrictions impacting the Texas labor force, stated AI investment demand is real and has near-term inflationary effects, and voiced optimism about long-term productivity gains from AI.
Logan: U.S. Oil Export Growth Driven by Inventory Drawdowns, Not New Production
An analyst notes that recent U.S. oil export increases have come from inventory drawdowns rather than higher output, implying supply expansion remains constrained even with elevated crude prices.
Fed’s Logan: Data Center Demand Adds Modest Inflation, Oil Output Limited by Infrastructure
Dallas Fed President Lorie Logan stated that rising electricity demand from data centers is likely to add modest inflationary pressures. She also noted that high oil prices may not significantly boost U.S. production due to infrastructure constraints like limited gas takeaway capacity.
Schmid: Inflation Persists Broadly, Disagrees with Fed’s ‘Look-Through’ Approach
Fed Governor Christopher Schmid said inflation remains concerning across a wide range of goods and services, and he disagrees with the central bank’s practice of looking through some price increases as temporary shocks.
Foreign Holdings of US Treasuries Rise $18B in May to Near Record
Total foreign holdings of US Treasuries increased by $18 billion in May to $9.37 trillion, the second-highest on record. Over the past year, holdings surged by $549 billion.
Cybersecurity Market Expected to Exceed $350B by 2030 on AI-Driven Attacks
Generative AI has lowered the barrier to sophisticated cyberattacks, pushing the global cybersecurity market toward $350 billion by 2030 with a 9.1% CAGR. Healthcare, finance, and insurance sectors see fastest spending growth amid rising ransomware.
US 30-Year Fixed Mortgage Rate Rises to 6.55%, Highest Since August 2025
The average interest rate on a US 30-year fixed mortgage climbed to 6.55%, the highest level since August 2025, driven by ongoing geopolitical tensions linked to the Iran conflict.