Can Trump and Musk Make Up?

Last week’s dramatic blowout between President Trump and his one-time top collaborator Elon Musk was shocking yet predictable. According to media reports, a cold war had been brewing between Musk’s people and Trump’s appointees and it was bound to break out into the open. It was only a matter of time.

On the campaign trail, Musk provided much energy and helped ramp up enthusiasm for Donald Trump. His support for Trump made him a lightning rod for Trump-haters and he saw his personal wealth take a hit for his troubles.

Price Inflation Moves Up Slightly, and Wages Still Aren’t Keeping Up

According to the Bureau of Labor Statistics’ latest price inflation data, CPI inflation in May rose for the second month in a row.

The year-over-year change in the CPI rose by 2.4 percent in May, slightly accelerating over April’s year-over-year increase of 2.3 percent. The month-over-month change (seasonally-adjusted) was positive again in May, rising 0.1 percent, although May’s increase, with the exception of March this year, was the smallest month-over-month increase since mid-2024.