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Stock markets surged, with the S&P 500 now just 2% shy of a new all-time high.
The Nasdaq jumped over 2.3% for the week, while the S&P 500 gained approximately 1.6% and the Dow rose more than 1%.
The US economy tacked on 139,000 jobs in May, exceeding forecasts of 120,000 but showing a continued cooling trend.
Warner Bros. Discovery is splitting in two. Shares jumped 8% after the media giant announced it will divide into Streaming & Studios and Global Networks arms—likely an effort to free the streaming side from the drag of declining TV revenues. The split comes after a string of failed video game launches, game studio shutdowns, and fresh layoffs. Many investors see this as a last shot to rescue WB’s streaming future. AltIndex rates the stock at as a “hold” for now, but with several positive financial indicators.
Nvidia CEO Jensen Huang is betting big on UK AI. He called Britain’s AI scene a “Goldilocks circumstance” and said he’s “going to invest here.” But the porridge isn’t warm enough—he thinks the country still lacks the infrastructure to scale. The UK just pledged another $1 billion to expand computing power by 20 times, adding to its $17 billion push to become an AI superpower.
President Trump deployed 2,000 National Guard troops to Los Angeles on Saturday night in response to immigration protests.
Israel vowed to prevent an aid boat carrying climate activist Greta Thunberg from reaching Gaza.
A “Bitcoin family” just hid their 24-word seed phrase across four different continents for added security in the face of recent crypto kidnappings.
What do you make of Warner Bros. splitting in two? |
China is very clearly winning the solar race—not just against the US, but the whole world.
There is no country with more solar energy than China—its utility-scale system sits at 880 Gigawatts currently, according to the US Energy Information Administration.
All we can say is that if China’s spending on solar energy is as much as the US and EU’s combined, it’s probably important—and America is solidly behind (though starting to grow).
The UK High Court is having to warn lawyers about fake citations generated by AI tools like ChatGPT—see examples.
Meta entered talks to make a multibillion-dollar investment in AI startup Scale AI that could exceed $10 billion.
Think you can guess the stock based on some of their alternative data points from AltIndex?
What company added the most job postings over the past quarter?
This company gained more Instagram followers in the past 3 months than any other.
Flip side—this company lost the most Instagram followers in the past 3 months.
Which company has the highest web traffic besides Google, Facebook, Reddit, and Amazon?
You can look at stocks through 25+ different alternative data points on AltIndex’s platform—or just check their AI Scores for a streamlined evaluation.
The European steel industry faces extinction after President Trump doubled steel and aluminum tariffs from 25% to 50%.
Indonesia finalized free trade negotiations with the European Union, set to conclude by month's end, securing zero tariffs on 80% of exports to the EU.
Financial stress plagues 70% of Americans despite data showing wage growth outpacing inflation.
🇮🇳 The Reserve Bank of India cut its benchmark repo rate by 50 basis points to 5.5%, the lowest in three years.
🇨🇳 The People’s Bank of China added 60,000 troy ounces of gold to its reserves in May, extending its gold streak to seven straight months.
🇧🇷 Global investors continue to overlook Latin American equities despite attractive valuations.
“I don't think it will happen, but I would like a new political party. A fiscal responsibility party that isn't hung up on sex and religion.”
Microsoft and Asus rolled out two new ROG Xbox Ally devices with a full-screen Xbox interface for handheld PCs, designed to rival SteamOS.
UBS blasted new Swiss regulatory proposals that would require an additional $24 billion in capital.
We’ve gone through and picked out some Twitter posts we think you’ll get value from.
Huge Morgan Stanley drop—a 52-slide deck on the state of the market
A Wells Fargo Analyst ordered Chipotle 75 times to study portion sizes
There’s a huge wave of companies that are reshoring to the US
The very long list of companies that announced Bitcoin Treasuries in May
We love hearing from you, and we deeply appreciate your feedback.
Let us know what you did or didn’t like, too!
⭐️ What did you think of today's edition? |
That’s all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Brandon with Stefan & Wyatt
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