Graphic Truth: Inflation accelerates in June

June 2025 inflation rate.
June 2025 inflation rate.
Riley Callanan

Inflation ticked up to 2.7% in June as the effects of tariffs took hold, potentially complicating Donald Trump’s economic playbook. Consumer prices rose 0.3% since May, fueled by higher gas and apparel costs. Core inflation – which is seen as more reliable because it discounts volatile food and energy prices – also edged up to 2.9% year-over-year. With new tariffs looming Aug. 1, policymakers are bracing for more turbulence.

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Last week, Microsoft announced new organizations that will focus on people-driven AI innovation — from educators to nonprofit and community leaders: Microsoft Elevate and the Microsoft AI Economy Institute. Microsoft Elevate is focused on bringing AI technology, skilling, and education to communities around the world by partnering with schools, community and technical colleges, nonprofits, and government agencies. The Microsoft AI Economy Institute is a new kind of corporate think tank, exploring how AI is reshaping work, education, and opportunity, and turning research into actionable solutions that will inform Microsoft’s strategy and public policy engagements. Together, these new organizations reflect Microsoft’s deep commitment to ensuring that people remain at the heart of progress in the age of AI. Learn more here.

More than 60% of Walmart suppliers are small businesses.* Through a $350 billion investment in products made, grown, or assembled in the US, Walmart is helping these businesses expand, create jobs, and thrive. This effort is expected to support the creation of over 750,000 new American jobs by 2030, empowering companies like Athletic Brewing, Bon Appésweet, and Milo’s Tea to grow their teams, scale their production, and strengthen the communities they call home. Learn more about Walmart's commitment to US manufacturing. *See website for additional details.

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Malibu, California, USA: A pickup truck with a President Donald Trump decal and decorated in U.S. Flags drives on Pacific Coast Highway on July 4th in Malibu, California.
(Credit Image: © Jonathan Alcorn/ZUMA Press Wire)

Nearly six months into President Donald Trump’s second term, the most notable export from the United States in 2025 has been political risk

Chelsea players celebrate next to US President Donald Trump after beating Paris Saint-Germain in the Club World Cup final at MetLife Stadium in East Rutherford, New Jersey, on July 13, 2025.
Kyodo via Reuters Connect

London-based, American-owned Chelsea stunned Qatari-owned, French-based Paris Saint-Germain in the Club World Cup final yesterday, but the dress rehearsal for next year’s World Cup faced some hiccups.