NVIDIA To Buy Hugging Face For $12.9 Billion

US Services Surveys Signal Surging Prices, Mixed Growth Following the dramatically better than expected rise in US Manufacturing PMI surveys, analysts expected stability in the Services side of the economy in May. They were somewhat correct but the message was mixed with one survey improving while the other deteriorated... S&P Global US Services PMI dropped from 51.0 (April) to 50.9 (flash May) to 50.7 (final May) - dropping back towards March lows. ISM US Services PMI rose from 53.6 to 54.5 (better than 53.8 exp) Source: Bloomberg Under the hood, both surveys signaled rising prices...

German Chancellor Friedrich Merz said that Iran has humiliated the US during the negotiating process. The US and Iran have held a round of talks and exchanged messages through Pakistan, but have been unable to reach an agreement.  “The Iranians are obviously very skilled at negotiating, or rather, very skilful at not negotiating, letting the […]

Senate Passes War Powers Resolution In Rebuke Of Trump Policy The US Senate on Tuesday passed a war powers resolution - a symbolic rebuke of President Donald Trump which calls for an end to the US-Israeli war against Iran, and requires explicit authorization from Congress. The Democrat-led concurrent resolution passed by a narrow 50-48 vote, seeking to constrain President Donald Trump’s ability to wage war against Iran. The measure had previously cleared the House of Representatives on June 3. US President Donald Trump looks on as he stands in front of the...