AI Boom Gets Fresh Gut Check as Nvidia Drops Most Since January - Yahoo Finance

Kurt Schussler

June 01, 2023

(Bloomberg) -- The rapid rally in tech stocks benefiting from artificial intelligence has stalled as Nvidia Corp. slipped after surging over 30% in three...

Sri Lanka surprises with 250 bps rate cut, signals rebound from crisis - Reuters

June 01, 2023

In a sign of confidence that the worst of Sri Lanka's financial crisis is over, its central bank surprised markets by cutting interest rates for the first time in three years on Thursday, signalling a change of course to fuel a rebound in the economy.

Government proposes rule to require automatic emergency braking systems in new cars - NBC News

June 01, 2023

Bud Light sales dip locally amid backlash to transgender influencer. Employee says local workers... - News4JAX The Local Station

June 01, 2023

Bud Light sales fell 40% in Jacksonville, New York Times reported

Blackrock CEO issues dire warning over ‘debt ceiling drama’ — Bullish for Bitcoin? - Cointelegraph

Tom Mitchelhill

June 01, 2023

Laurence Fink, the CEO of the world’s largest asset manager BlackRock said that the current debt ceiling drama is eroding trust in the US dollar. Analysts believe this could provide small tailwinds for Bitcoin.

Dollar General workers demand safer working conditions as violence at stores surges - New York Post

David Propper

June 01, 2023

Since 2014, 49 people have been killed — including at least six employees — at Dollar General stores across the country.

DTE, Consumers Energy summer rates to increase in June depending on time of day - WDIV ClickOnDetroit

Mara MacDonald, Brandon Carr

June 01, 2023

Starting June 1, DTE and Consumers Energy have a summer rate increase depending on the time of day.

Elon Musk is once again the world’s richest man - CNN

Michelle Toh

June 01, 2023

Elon Musk has reclaimed his position as the world’s wealthiest person.

Vivek Ramaswamy says Elon Musk's visit in China to oppose decoupling is 'deeply concerning' - Fox Business

Greg Wehner

June 01, 2023

Republican presidential candidate Vivek Ramaswamy said he was "deeply concerned" about Elon Musk visiting with China's foreign minister and opposing decoupling.

First Mover Asia: Bitcoin Settles Above $27.1K After Early Wednesday Dip as Rate Hike, Inflation Worries Heighten - CoinDesk

James Rubin, Glenn Williams

June 01, 2023

ALSO: Large bitcoin holders reduced their holdings and sent assets to exchanges in the days leading up to the debt deal. What's next?

ISMC's India chip plan stalls after Tower-Intel deal in setback to Modi - Reuters India

June 01, 2023

A planned $3 billion semiconductor facility in India by chip consortium ISMC that counted Israeli chipmaker Tower as a tech partner has been stalled due to the company's ongoing takeover by Intel, three sources said, dashing India's chip making plans.

S&P 500 futures inch lower after House passes debt ceiling bill: Live updates - CNBC

Yun Li

June 01, 2023

The Nasdaq Composite ended May with a 5.8% gain, while the S&P 500 added about 0.3%.

EV maker Lucid to raise $3 bln, mainly from Saudi's PIF - Reuters

June 01, 2023

Lucid Group <a href="https://www.reuters.com/companies/LCID.O" target="_blank">(LCID.O)</a> said it plans to raise about $3 billion through a stock offering, nearly two-thirds of which will come from Saudi Arabia's Public Investment Fund (PIF), sending shares…

Hundreds of Amazon workers stage climate protest walkout - Axios

Axios

June 01, 2023

China's factory activity swings to surprise growth in May - Caixin PMI - Reuters

June 01, 2023

China's factory activity unexpectedly swung to growth in May from decline, a private sector survey showed on Thursday, driven by improved production and demand, helping struggling firms that have been hit by slumping profits.

C3.ai Tumbles on Underwhelming Sales Outlook After Rallying on AI Hype - Yahoo Finance

Brody Ford

May 31, 2023

(Bloomberg) -- C3.ai Inc. plunged 20% in extended trading after providing a fiscal-year revenue outlook that fell short of analysts’ estimates, fueling...

Food poisoning often caused by sick restaurant workers, CDC says - The Washington Post

Justine McDaniel

May 31, 2023

A lack of paid sick time in the food service industry and staffing pressures can lead workers to clock in when ill, putting consumer health at risk, the CDC says.

Top CD Rates Today, May 31 - Investopedia

Sabrina Karl

May 31, 2023

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.

'Ultimate decider' on Jeffrey Epstein was JPMorgan's ex-top lawyer, says Jamie Dimon - Financial Times

Joe Miller, Joshua Franklin

May 31, 2023

Bank’s chief executive testifies that former general counsel had ‘ability to override’ other executives