IRAN'S GHALIBAF STATES NO MEASURES WILL BE TAKEN UNTIL THE OTHER PARTY TAKES ACTION. Iran's Galibaf: We have no trust in guarantees or words; only actions are the measures, no action will be taken before the other side acts. Translation | 1- We seize concessions not through dialogue, but with missiles; in negotiations, we merely make them understand. 2- We have no trust in guarantees or words—only actions are the measure. No action will be taken before the other side acts. 3- The winner of any…

Real gross domestic product (GDP) was unchanged in the first quarter of 2026, after declining 0.2% in the fourth quarter of 2025. Higher imports of goods, particularly gold, were offset by accumulations of business inventories. Decreased business and government capital investment was counterbalanced by higher household spending, as final domestic demand edged 0.1% lower. On a per capita basis, real GDP increased 0.2% in the first quarter of 2026, as the population declined for a second consecutive quarter and GDP remained unchanged. Imports rose 2.9% in the first quarter of 2026, with roughly half of the rise coming from intermediate metal products and waste and scrap metal, both of which were driven by gold imports. Excluding these two categories, imports rose at less than half the pace (+1.2%), led by higher purchases of passenger cars and light trucks and industrial machinery and equipment. In contrast, imports of pharmaceuticals and medicinal products declined in the first quarter, as did travel imports, as fewer Canadians travelled abroad. Canada Dips Into Technical Recession for First Time Since 2020 - The Canadian economy edged into a technical recession as weak business and government spending drove a slight contraction in the first quarter. -Real gross domestic product fell by 0.1% on an annualized basis…

FED'S PAULSON SAYS INFLATION ISSUES ARE AFFECTING THE ECONOMY. FED'S PAULSON SAYS MONETARY POLICY IS CURRENTLY AT A MILDLY RESTRICTIVE LEVEL. FED'S PAULSON STATES INFLATION REMAINS EXCESSIVE AND WAS HIGH PRIOR TO THE WAR. Fed's Paulson: Consumers are spending but at a slower pace PAULSON SAYS IT'S GOOD FOR MARKETS TO MOVE TOWARD TIGHTER MONETARY POLICY.

The Chicago Purchasing Managers’ Index surged 13.5 points in May to a four-year high of 62.7, signaling an expansion in regional business activity. This marks the largest monthly ...