US Inflation likely to hit a three-year high in May - Forex Factory

Federal Reserve’s Hammack signals rate hikes could be on the table as inflation stays sticky  Crypto Briefing

US To Tighten Rule Regarding Nonprofits Paying Excessive Executive Compensation Authored by Naveen Athrappully via The Epoch Times, The Internal Revenue Service (IRS) and the Department of the Treasury issued a notice on Friday, announcing their plan to issue proposed regulation concerning taxation on high compensation paid by tax-exempt organizations to employees. The notice relates to excessive compensation and excess parachute payments, the IRS said in a June 5 statement. Parachute payments are made to key employees when they are terminated or when the business undergoes a merger or acquisition. An excess parachute payment is any such payment that exceeds three times an employee’s average annual compensation for the most recent five years. Section 4960 of the Internal Revenue Code imposes an excise tax on any

US Intercepted Fresh Iranian Ballistic Missile Attacks Overnight As Tehran Blasts 'Ceasefire Violations' Summary Iran's foreign ministry says US overnight action, especially bombing coastal radar facilities, is a violation of ceasfire. New nighttime salvo of missiles on Kuwait, Bahrain:&nbsp;Six ballistic missiles fired at Bahrain and Kuwait were intercepted, CENTCOM said. Overnight flare-up started with Iranian attack drones in Strait being intercepted by US forces. Trump admits Iran still has some 20% of its missile arsenal: "It’s a lot of missiles, but it’s not what it was when we first attacked." (CNBC) <!--//--><![CDATA[// ><!-- <!--//--><![CDATA[// ><!-- { "@context": "https://schema.org", "@type": "WebPage", "name": "US x Iran permanent peace deal by June 30, 2026?", "description": "Prediction market: Yes 21% · No 80% on Polymarket.", "url": "https://polymarket.com/event/us-x-iran-permanent-peace-deal-by", "publisher": { "@type": "Organization", "name": "Polymarket", "url": "https://polymarket.com" } } //--><!]]]]><![CDATA[> //--><!]]>

Trump Says US Weighing Taking Stakes In AI Companies Authored by Jacob Burg via The Epoch Times, President Donald Trump told reporters on June 5 that his administration is exploring the possibility of the United States acquiring a public stake in artificial intelligence (AI) companies. Trump made the comment in response to a question about a recent News of the United States report, which suggested that unnamed senior U.S. officials had discussed with major AI firms the possibility of the federal government holding some shares in their companies. “There’s so much money that is so big that there are concepts where pieces could be given to the American public, where the American public essentially becomes a partner with the companies,” Trump said aboard Air Force One. “I have spo

QNB Report: Kevin Warsh Faces Inflation, AI, and Balance Sheet Challenges as Fed Chair - News and Statistics&nbsp;&nbsp;IndexBox

'Take The Badge Off': Former Ferrari Boss Slams New $635k EV That Company Thinks Will Attract 'Younger Buyers' One week after Ferrari unveiled its first-ever all-electric car, called the Luce, the design continues to divide analysts. Some referred to the new model as a "mix between a Honda Accord EV and a Tesla," while others said that Tesla's Model S Plaid was far superior. The latest report from Goldman analysts provided new details about their most recent visit to Ferrari's headquarters in Maranello. Last Friday, Ferrari hosted an investor day, which analyst Christian Frenes attended. He spoke with top Ferrari executives just days after the Luce reveal event in Rome earlier in the week. Frenes said management framed the Ferrari Luce as an "additive range model designed to expand the customer base." He continued: Management reaffirmed the Luce as a strategic entry point to engage ne