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.
Blue Origin launchpad damaged in rocket explosion may not be restored until 2028, NASA’s Isaacman says
NASA has tapped Jeff Bezos’ Blue Origin for several contracts in the agency’s Artemis return-to-the-moon program.
Alphabet plans to raise $80 billion from stock sales to fund AI build-out
Alphabet said it plans to sell $80 billion in stock, including through a $10 billion investment by Berkshire Hathaway.
Trump administration plans to drop DOJ’s $1.8B ‘lawfare’ fund, reports say
Senate Democratic Leader Chuck Schumer said he was launching an effort to kill “slush fund” by forcing Republicans to vote on it.
SpaceX sets aside up to 5% of shares in IPO for certain employees and friends
In an updated IPO prospectus, SpaceX said that up to 5% of stock being offered by the company in the offering will be available in a direct share program.
UAW union strike threatens General Motors truck production
Nearly 1,000 workers at a Michigan supplier plant that notably makes parts for GM pickup trucks went on strike Monday after not reaching a new contract deal.
Anthropic to offer EU access to its advanced Mythos model
Anthropic is sharing access to its most advanced AI model, Mythos, with the EU after the bloc sought permission over cybersecurity concerns.
