US News Headlines May 1st 2025
Nationwide May Day Protests
On May 1, 2025, demonstrations occurred across the United States as part of International Workers' Day. Organized under movements like "50501" and "May Day Strong," these protests addressed labor rights, immigration policies, and economic inequality. Events took place in numerous cities, including New York, Los Angeles, Chicago, and Houston. In New Orleans, nurses at the University Medical Center conducted a one-day strike amid ongoing contract negotiations.
Federal Government Actions
Administrative Changes
President Donald Trump announced the reassignment of National Security Adviser Mike Waltz to the role of U.S. Ambassador to the United Nations. Secretary of State Marco Rubio was appointed as acting National Security Adviser.
Public Broadcasting Funding
An executive order was issued directing the Corporation for Public Broadcasting to cease federal funding for National Public Radio (NPR) and the Public Broadcasting Service (PBS), to the extent permitted by law.
U.S.–Ukraine Minerals Agreement
The United States and Ukraine signed an agreement granting the U.S. preferential access to Ukraine's rare earth minerals. The deal includes the establishment of a joint investment fund aimed at Ukraine's reconstruction efforts.
Economic Indicators
Gross Domestic Product
The U.S. economy experienced a 0.3% contraction in the first quarter of 2025. Analysts attribute this decline to a surge in imports ahead of newly implemented tariffs.
Technology Sector Performance
Major technology companies reported strong earnings. Microsoft's revenue reached $70.07 billion, driven by growth in cloud services. Meta Platforms also reported a 16% year-over-year increase in revenue, attributed to advertising gains. These results contributed to a rise in U.S. stock futures.
U.S.–Iran Negotiations
High-level discussions between the United States and Iran continued, focusing on nuclear non-proliferation and regional security. Talks have been held in Oman and Rome, with both sides expressing interest in further negotiations.
Supreme Court Deliberations
The U.S. Supreme Court heard arguments regarding the permissibility of religious public charter schools. The case could have implications for the interpretation of the separation of church and state in the context of public education.