June 5, 20253 Mins Read

PARIS — June 4, 2025 — The Organisation for Economic Co-operation and Development (OECD) has revised its global economic growth projections downward, forecasting a 2.9% expansion for both 2025 and 2026. This adjustment reflects mounting challenges stemming from heightened trade tensions, increased policy uncertainty, and tighter financial conditions. The OECD’s latest Economic Outlook underscores the…

June 5, 20253 Mins Read

WASHINGTON, D.C. — June 4, 2025 — The U.S. services sector, a cornerstone of the nation’s economy, experienced an unexpected contraction in May, signaling potential challenges ahead. The Institute for Supply Management (ISM) reported that its non-manufacturing Purchasing Managers’ Index (PMI) fell to 49.9, down from 51.6 in April, marking the first decline below the…

June 5, 20252 Mins Read

NEW YORK — June 4, 2025 — Circle Internet Group, the fintech company behind the USD Coin (USDC), officially went public today, listing on the New York Stock Exchange under the ticker symbol “CRCL.” The initial public offering (IPO) raised approximately $1.05 billion, with shares priced at $31 each, above the anticipated range of $27…

June 5, 20252 Mins Read

WASHINGTON, D.C. — On June 4, 2025, the Federal Trade Commission (FTC) convened a comprehensive workshop titled “The Attention Economy: How Big Tech Firms Exploit Children and Hurt Families,” focusing on the pervasive influence of digital platforms on young users. Held at the FTC’s Constitution Center and streamed online, the event brought together lawmakers, child…

June 4, 20254 Mins Read

Bank of England Governor Andrew Bailey has strongly condemned the unilateral tariff policies implemented by former U.S. President Donald Trump, arguing that they have severely disrupted the global trade system that has been in place since the end of World War II. In his remarks, Bailey described the impact of Trump’s tariffs as having “blown…

June 4, 20254 Mins Read

In a controversial move, the Trump administration is exploring the idea of renaming U.S. Navy ships that have been named in honor of prominent civil rights and gay rights icons. The proposed renaming effort, which aligns with Pride Month, comes as Defense Secretary Pete Hegseth pushes for a shift in the military’s symbolic focus toward…

June 4, 20253 Mins Read

The Organisation for Economic Co-operation and Development (OECD) has revised down its global economic growth forecasts for 2025 and 2026, predicting a modest 2.9% growth rate over the next two years. The international organization cites several factors contributing to this downward revision, including former U.S. President Donald Trump’s unilateral tariff policies, heightened policy uncertainty, and…

June 4, 20254 Mins Read

On June 3, Marcia McNutt, President of the National Academy of Sciences, took the stage in Washington, D.C., to deliver the second annual State of the Science address, providing a comprehensive overview of the current state of the U.S. research enterprise. McNutt, known for her leadership in scientific advocacy, used the opportunity to reflect on…

June 3, 20256 Mins Read

Artificial Intelligence (AI) is no longer a distant concept confined to science fiction; it has rapidly emerged as a transformative force across a wide range of industries. From healthcare and finance to manufacturing and retail, AI is revolutionizing the way businesses operate and interact with consumers. This article explores the rapid advancements in AI technology…