Year: 2025

The procedure took place at the University of Michigan with a patient who was already undergoing neurosurgery to treat epilepsy.

Stephen Curry is already thinking about his post-NBA plans, which could include broadcasting, team ownership and even playing on the senior PGA Tour.

The US Dollar is beginning the week on a tough note as the White House appealed the Federal Court decision to block US tariffs – which has also dampened the risk-appetite on the week. All majors are higher with the Asian-Pacific currencies leading the charge – NZD and JPY are both up above 0.80% against […]

The post Dollar Under Pressure — Multi-Timeframe USD Breakdown appeared first on Action Forex.

The Investing Club holds its “Morning Meeting” every weekday at 10:20 a.m. ET.

The latest GDP growth for Q2 rises to 4.6% from 3.8%. In your own words:

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2025 is 4.6 percent on June 2, up from 3.8 percent on May 30. After this morning’s releases from the US Census Bureau and the Institute for Supply Management, the nowcasts of second-quarter real personal consumption expenditures growth and real gross private domestic investment growth increased from 3.3 percent and -1.4 percent, respectively, to 4.0 percent and 0.5 percent.

The next GDPNow update is Thursday, June 5. Please see the “Release Dates” tab below for a list of upcoming releases.

Needless to say the GDP estimate has shown a big increase over the last week or so.

Remember, however, that last quarter growth fell -0.2% with the trade a large negative. Below are the contributors to the -0.2% negative growth in the 1Q:

• Personal Consumption Expenditures (PCE): +0.8 percentage points

• Gross Private Domestic Investment (GPDI): +4.0 percentage points

• Net Exports (Exports minus Imports): −4.9 percentage points

• Government Consumption Expenditures (GCE): −0.1 percentage points

The -4.9% net exports was influenced by gold and trade data from front loading imports ballooning the trade deficit. Last week, the trade deficit was nearly halved from the previous month. As a result, net exports will be a big contributor. Consumption was also weaker last quarter.

GDP is a quarter on quarter measurement that gets annualized. So if you get 1% gain from the prior quarter, that implies near 4% GDP annualized number. There can be volatility as a result – especially if you have things like tariffs forcing businesses to load up on imports.

This article was written by Greg Michalowski at www.forexlive.com.

A call between President Donald Trump and China’s Xi Jinping could help deescalate trade tensions that have grown increasingly heated in the past week.

More from Logan:

• With oil prices down, there’s a risk of lower production, capital investment by energy companies.
• Repeats a common comment, that at all banks should be set up to use the discount window
• Healthy banks should use the discount window

On oil production, the Trump administration’s has touted the idea of drill, drill, drill and may have swayed OPEC plots to increase production in his quest to get prices of oil and gas lower. He often cites gas at less than $2, but not sure I have seen that. AAA has the average price at $3.10 to $3.20.

The Baker Hughes rig count has been trending lower and is down at multi year lows

This article was written by Greg Michalowski at www.forexlive.com.