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Jun 2, 2025 | Social Media & User-Generated Content

Cristiano Ronaldo has one of the most popular Instagram accounts as of June 2025. The Portuguese footballer is the most-followed person on the photo sharing app platform with 654 million followers. Instagram's own account was ranked first with roughly 689 million followers. 

How popular is Instagram?

Instagram is a photo-sharing social networking service that enables users to take pictures and edit them with filters. The platform allows users to post and share their images online and directly with their friends and followers on the social network. The cross-platform app reached one billion monthly active users in mid-2018. In 2020, there were over 114 million Instagram users in the United States and experts project this figure to surpass 127 million users in 2023.

Who uses Instagram?

Instagram audiences are predominantly young – recent data states that almost 60 percent of U.S. Instagram users are aged 34 years or younger. Fall 2020 data reveals that Instagram is also one of the most popular social media for teens and one of the social networks with the biggest reach among teens in the United States.

Celebrity influencers on Instagram

Many celebrities and athletes are brand spokespeople and generate additional income with social media advertising and sponsored content. Unsurprisingly, Ronaldo ranked first again, as the average media value of one of his Instagram posts was 985,441 U.S. dollars.

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Jun 2, 2025 | Semiconductors

As of June 2, 2025, Nvidia ranked as the leading semiconductor company in terms of market capitalization at just under 3.3 trillion U.S. dollars, followed by the likes of Broadcom, TSMC, ASML, and Samsung. Many of the leading semiconductor stocks suffered as a result of trade tariff announcements in 2025. Nonetheless, the mix of companies featured on the list reflects the broad and complex nature of the semiconductor industry, with firms coming from across all parts of the chip ecosystem. 

Regional highlights

The global semiconductor industry is dominated by companies from North America and the Asia-Pacific region. As a result, China, South Korea, and Taiwan rank as some of the biggest regional markets for semiconductor equipment spending. One of the world’s leading chip-making machine manufacturers, and a global leader in producing extreme ultraviolet lithography, or EUV, machines, is ASML based in Europe. ASML supplies its machines to the likes of TSMC, who are then contracted to manufacture chips for Nvidia.

A dynamic industry

In 2025, the semiconductor industry is expected to grow strongly, with forecasts suggesting the market could rise to just below 700 billion U.S. dollars. Nonetheless, companies across the whole supply chain must continue to navigate a challenging and changing world. Geopolitical tensions, such as the ongoing tech competition between the United States and China, as well as the growth of the AI chip market, will have a profound influence on the semiconductor industry moving forward.

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Jun 2, 2025 | B2C E-Commerce

In the first quarter of 2025, online shoppers spent an average of about 2.42 U.S. dollars per visit across all verticals. Electronics is the category in which consumers spent the most money per visit on average, at 3.03 U.S. dollars, followed by apparel at 2.44 dollars. 

Nickels and dimes

Over the past few years, the average order value for e-commerce purchases has increased globally, from around 118 U.S. dollars in September 2022 to around 138 U.S. dollars in the same month of 2024. The average order value also depends heavily on the online traffic source consumers use. In 2024, the value per order value was the highest when navigating directly, averaging around 114 U.S. dollars. Direct navigation means searching for a website directly in the browser's address bar, bypassing the use of search engines. Orders placed from social media stores were the lowest in value, with an average of less than 86 dollars. 

Mobile shopping on the rise

Online shoppers have clear preferences when it comes to device type. When comparing gadgets, the average purchase amount has always been the highest for desktops, with an order value of over 160 U.S. dollars. This indicates that bigger purchases are made via desktop computers. However, consumers are more likely to complete orders when shopping on mobile devices. Mobile devices were also clearly preferred when browsing retail websites, with around three-fourths of consumers using smartphones instead of desktops or tablets.

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Jun 2, 2025 | Banks

JPMorgan was the leading investment bank globally as of June 2025 in terms of market share of revenue. Between January and June 2025, JPMorgan's revenue accounted for 8.7 percent of the global investment banking revenue. Goldman Sachs followed, with a market share of 7.7 percent.

What is the role of investment banks?

The main role of an investment bank is to assist companies, governments and other market participants in raising capital. The banks take on the role of transaction underwriters, making sure that the emission of bonds or stocks is executed optimally on both the buying and selling sides. It means that the prices of emitted securities are not too high or too low and that there are enough investors interested in the purchase of these securities. Investment banking activity also includes assistance in merger and acquisition transactions. 

The largest investment banks

JPMorgan Chase and Goldman Sachs were the leading investment banks in the world in terms of generated revenues. Other leading investment banks were Morgan Stanley, Bank of America, and Citibank. JPMorgan generated revenue of roughly 8.1 billion U.S. dollars in 2024.

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Jun 2, 2025 | Elections

Rafał Trzaskowski won the first round of the 2025 presidential election with 31.36 percent of the vote. The Koalicja Obywatelska candidate will face PiS candidate Karol Nawrocki, who is close behind, in the second round. The electoral turnout amounted to 67.31 percent. On June 1, the second round of presidential elections took place, in which Poles decided that Karol Nawrocki would become the new president of Poland. The PiS candidate won 50.89 percent of the vote, while Rafał Trzaskowski won 49.11 percent, according to data from the National Electoral Commission after counting 100 percent of the votes. The electoral turnout amounted to 71.63 percent.

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Jun 2, 2025 | Prices, Marketing, and Trade

The average price for regular gasoline in the United States stood at 3.14 U.S. dollars per gallon on June 2, 2025. This compared to a diesel price of 3.51 U.S. dollars per gallon. Prices for gasoline and diesel decreased that week.

Real price surge of 2022 and 2023 still below 2011 to 2014 prices

When looking at the real price of gasoline over time, U.S. drivers had to pay notably more in the years between 2011 and 2014. The surge in prices noted throughout 2022 and partly for 2023, which followed supply constraints, was still lower in terms of real U.S. dollars.

U.S. on the lower-end spectrum of worldwide motor fuel prices

The U.S. has some of the lowest conventional motor fuel prices in the world. Although fuel prices are usually higher in high-income countries, the U.S. profits from its position as the world’s largest crude oil producer and can keep retail prices for oil products comparatively low. For example, among high-income countries, prices for automotive premium gasoline (RON 95) were only lower in Russia and Saudi Arabia - countries where crude oil and oil product exports are in part restricted by sanctions, thus keeping domestic supply high.

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Jun 2, 2025 | Banks

The Federal Reserve's balance sheet has undergone significant changes since 2007, reflecting its response to major economic crises. From a modest 0.9 trillion U.S. dollars at the end of 2007, it ballooned to approximately 6.67 trillion U.S. dollars by May 2025. This dramatic expansion, particularly during the 2008 financial crisis and the COVID-19 pandemic - both of which resulted in negative annual GDP growth in the U.S. - showcases the Fed's crucial role in stabilizing the economy through expansionary monetary policies.

Impact on inflation and interest rates

The Fed's expansionary measures, while aimed at stimulating economic growth, have had notable effects on inflation and interest rates. Following the quantitative easing in 2020, inflation in the United States reached 8 percent in 2022, the highest since 1991. However, by November 2024, inflation had declined to 2.7 percent. Concurrently, the Federal Reserve implemented a series of interest rate hikes, with the rate peaking at 5.33 percent in August 2023, before the first rate cut since September 2021 occurred in September 2024. 

Financial implications for the Federal Reserve

The expansion of the Fed's balance sheet and subsequent interest rate hikes have had significant financial implications. In 2023, the Fed reported a negative net income of 114.3 billion U.S. dollars, a stark contrast to the 58.84 billion U.S. dollars profit in 2022. This unprecedented shift was primarily due to rapidly rising interest rates, which caused the Fed's interest expenses to soar to over 281 billion U.S. dollars in 2023. Despite this, the Fed's net interest income on securities acquired through open market operations reached a record high of 174.53 billion U.S. dollars in the same year.

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Jun 2, 2025 | Celebrities

As of June 2, 2024, Xiao Zhan stood out as the most valuable celebrity in China for advertising and other commercial purposes. In an industry index measuring celebrities in their professional recognition, popularity, and influence, Xiao scored 91.62 points, ranking the highest in social media popularity and marketing capability.

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Jun 2, 2025 | Stocks

Toyota Motor was the leading domestic company in Japan based on market capitalization, which amounted to around 43.7 trillion Japanese yen in May 2025. Mitsubishi UFJ Financial Group ranked second with a market capitalization of about 24.4 trillion yen. With an aggregate market capitalization of over 996 trillion yen in 2024, the Tokyo Stock Exchange is one of the largest stock exchanges in the world.

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Jun 2, 2025 | Soccer

As of June 2, 2025, Cristiano Ronaldo was the all-time leading goalscorer for the Portuguese men's football team. With 136 goals to his name, Ronaldo rests at the top of the leaderboard, having scored more than 2.5 times the number of goals registered by second placed Pauleta and third placed Eusébio. 

Cristiano Ronaldo's legacy

Few athletes can claim to rival Cristiano Ronaldo's football career. Having already won numerous trophies in England, Spain, and Italy, the Portuguese forward is the highest paid soccer player worldwide following his signing by Saudi Arabian football club Al-Nassr. Although Al-Nassr does not compete in the UEFA Champions League, Ronaldo's legacy as the player with the most goals in the tournament will continue.

Portuguese men's national soccer team

As of September 2024, the Portuguese men's national soccer team were in eighth position globally according to FIFA's ranking. In 2025, A Seleção Portuguesa boasted several players with a net worth above 50 million euros in their line-up, with the most valuable player being Rafael Leão. Leão, who plays at club level for the Serie A side AC Milan, was also amongst the most expensive players at the FIFA World Cup held in Qatar in 2022.

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