Private payrolls grew by 122,000 in May, stronger than expected, ADP reports
Unlike prior months, where job growth was concentrated in healthcare and a few other sectors, gains were more broad-based.
France’s Macron invites Sam Altman to attend G7, OpenAI tells CNBC
French President Emmanuel Macron has looked to win over tech bosses amid hopes to boost AI capability.
Mortgage rates are easing slightly, but homebuyers are retreating
Mortgage rates fell slightly last week, but neither current homeowners nor potential homebuyers were inspired. Demand for mortgages fell overall.
Perplexity CEO tells CNBC one metric will determine who wins the AI race
Perplexity CEO Aravind Srinivas said that whichever company can provide the “most taken value per watt per user” will be the AI winners in the future.
Supreme Court allows Alabama to use congressional map that dilutes Black vote
The ruling is a victory for Republicans, who have sought to retain their slim majority in the House of Representatives by redistricting in various states.
Trump still protected from tax enforcement, but anti-weaponization fund is dead, Blanche says
The DOJ’s $1.8 billion fund faced strong criticism because it could have compensated people convicted of crimes related to the Jan. 6, 2021, U.S. Capitol Riot.
The last time the S&P 500 rose this rapidly — outside of recession periods — was before the 1987 crash
There are some big dislocations in the stock market that are worrying investors.
Job openings in April surged to 7.6 million, the highest in nearly two years
The Bureau of Labor Statistics reported that available employment hit 7.6 million for the month, a surge of 731,000 from the prior month.
Nvidia’s new PC chips represent CEO Huang’s bid to win at every layer of AI stack
Nvidia’s announced entry into the PC chip market sent shares of AMD, Intel and Qualcomm lower as Wall Street recognized the threat.
Trump administration proposes 25% tariff on Brazilian goods over unfair trade practices
U.S Trade Representative Jamieson Greer said that the investigation under Section 301 was launched at the direction of U.S. President Donald Trump.
