Markets
S&P FUTURES
4,289
1.44%
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S&P
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1.45%
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Dow
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2.12%
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13,241
1.07%
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Russel
1,831
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VIX
14.60
6.71%
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10Y
3.69
2.30%
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Wilshire
42,053
0.00%
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7,607
1.56%
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18,950
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31,524
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Oil
71.87
2.52%
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Gold
1,964
1.56%
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Bitcoin
27,202
0.13%
Fear & Greed 65/100
Cluster

# trump biden republicans













⇢ Former Trump campaign manager Steve Bannon praised Democratic House Majority Leader Hakeem Jeffries for his debt ceiling tactics, calling him "the man" and saying that Republican House Speaker Kevin McCarthy is "his bitch."

# jobs labor rate










⇢ The US labor market added 339,000 payrolled employees in May, exceeding expert predictions, but signs of a cooldown include a slight increase in unemployment, slower wage growth, and a decline in quit rates.
Tweets:
@wsj
# netflix amazon wireless













⇢ Netflix shareholders have rejected the company's 2023 executive pay package, following a call by striking writers to reject the proposed compensation to top executives.

# twitter pride irwin












⇢ Twitter faces growing brand safety concerns and vulnerability to hate speech after the sudden departure of executives tasked with content moderation and brand safety, amid controversy surrounding Elon Musk's control of the platform.
Trending Topics
Cluster

# bitcoin crypto coinbase









⇢ Bullish sentiment in the gold market could push prices back to $2,000 an ounce by next week, according to the latest Kitco News Weekly Gold Survey, despite some selling pressure after the US Labor Department released robust employment data.

# china shanghai chinese












⇢ Elon Musk has ended his visit to China without unveiling the refreshed Model 3, and while he met with high-ranking Chinese officials and praised Tesla's Shanghai plant workers, he refrained from making any public statements about the updated Model 3.

# ai chatgpt generative












⇢ The use of artificial intelligence in business is creating new challenges for competition and consumer protection lawyers, who must help companies navigate regulatory and litigation risks while preserving human control and accountability.

# wegmans store natick













⇢ Jennifer Bates, a prominent union organizer at the Bessemer Amazon fulfillment center, has been terminated from her job while on medical leave, according to the Retail, Wholesale & Department Store Union, and has appealed the decision.
Movers
Cluster

# ukraine russia russian











⇢ Anti-Kremlin rebels, the Freedom of Russia Legion, have crossed into the Belgorod region of Russia, causing damage and reigniting debates among hardliners skeptical of Russian officialdom, adding to fears that Russia's troops are not up to the task of stopping a looming Ukrainian counter-offensive.

# nvidia virus sentinelone












⇢ Scott Juds's AI-driven ETF, WIZ Bull-Rider Bear-Fighter Index, has struggled to make sense of the data after the COVID-19 market crash, but with constant learning and software tweaks, Juds remains optimistic about AI's ability to find investment opportunities.

# buzz id idbuzz











⇢ All new Tesla Model 3 vehicles will now qualify for the full $7,500 federal EV tax credit, according to a change in Tesla’s website, after previously only the Model 3 Performance qualified for the full credit.
Tweets:
@cnn
# dogecoin licht musk











⇢ CNN CEO Chris Licht has ceded control of business operations to David Leavy, chief corporate affairs officer at Warner Bros. Discovery, due to diminishing confidence in Licht's ability to manage the network's ratings declines, revenue losses, and reputational damage since he took over, according to a report by Puck News.
Cluster

# housing airbnb home











⇢ Only four major US cities, all in the Rust Belt, have affordable housing for the typical renter, with surging mortgage rates and home prices causing a sharp drop in affordability for first-time homebuyers during the past year.
Tweets:
@business
# bank accounts chase











⇢ US banks have seen a decline in deposits of $472bn in Q1 2023, the worst decline in nearly 40 years, according to the Federal Deposit Insurance Corp, with the St. Louis Fed reporting a further $13bn drop in April.
Tweets:
@cnn
# investorplace stock buystock








⇢ Tesla, Fluence Energy, Extreme Networks, McKesson, and Arista Networks are the top candidates for the best stocks to buy or watch now, according to the CAN SLIM system, which looks for companies with recent earnings growth, game-changing products, and strong institutional support.
Tweets:
@bloomberguk
# disney pfas judge












⇢ West Virginia Governor James Justice is refusing to pay a $1.9 million judgment against him and his family-owned coal companies in a federal lawsuit, according to an attorney for a Pennsylvania coal exporter.
Cluster

# opec oil crude










⇢ India's imports of Russian crude oil hit a record high in May, with the country taking in 1.96 million barrels per day, surpassing imports from Iraq, Saudi Arabia, the UAE, and the US combined, and undermining OPEC's share of imports to India.
Tweets:
@zerohedge
# apple stratasys headset











⇢ 3D Systems has made an unsolicited bid to acquire Stratasys for $7.50 in cash and 1.2507 newly issued shares of common stock of 3D Systems per ordinary share of Stratasys, potentially creating a $1.84 billion 3D printing company.

# solar teck climate










⇢ The World Bank's new president, Ajay Banga, has urged staff to "double down" on development and climate efforts in order to tackle global problems and create a world free from poverty on a livable planet.

# wealth billionaires billionaire











⇢ The Guinness Book of World Records has recorded countless feats, including 30 unusual records ranging from athletic feats to odd personal obsessions.
Tweets:
@newshourCluster

# drug cancer patients











⇢ LAVA Therapeutics has announced that Janssen Biotech has selected a lead candidate for further development towards clinical settings as part of their collaboration agreement to develop bispecific antibodies targeting gamma-delta T cells as a potential treatment for cancer.

# student loan studentloan











⇢ Student loan borrower advocates are urging President Biden to veto a bill that would reverse months of forbearance and potentially cancel debt forgiveness that some borrowers have already received.

# diamond gambling sports











⇢ Diamond Sports, the owner of regional sports networks, has been ordered by a bankruptcy judge to make full media rights payments to four Major League Baseball teams, after seeking to cut down the payments owed to them.

# lululemon lulu yeezy











⇢ Lululemon's Q1 2023 earnings beat expectations, with a 54% increase in earnings per share and a 24% increase in revenue, leading to a breakout in its trading channel and outperformance of other names in the sector.
Cluster

# fitch rating downgrade










⇢ Fitch Ratings has stated that the recent debt-ceiling deal in the US does not guarantee the country will keep its AAA credit rating, as it remains on rating watch negative due to concerns over the medium-term fiscal and debt trajectories.

# youtube election misinformation











⇢ YouTube will no longer remove videos containing false claims about the 2020 US presidential election, citing concerns about curtailing political speech without meaningfully reducing the risk of violence or other real-world harm.

# births japan fertility






# insurance allstate california










⇢ Allstate has quietly stopped accepting new homeowner insurance applications in California to protect current customers due to the high cost of insuring new homes in the state, which is affected by wildfires, higher repair costs, and higher reinsurance premiums.
Stocktwits
HKD AMTD Digital Inc - ADR
BIG Big Lots Inc
SHIB.X SHIBA INU
BBY Best Buy Co. Inc.
ATOM Atomera Inc
UCAR U POWER LIMITED
ORCL Oracle Corp.
VZ Verizon...
DISH Dish Network...
PUBM PubMatic Inc -...
ARMK Aramark
FCX Freeport-McMoRan Inc
MAC Macerich Co.
PANW Palo Alto Networks Inc
TRX.X Tron
TMUS T-Mobile US Inc
LUNG Pulmonx Corp
L Loews Corp.
MYGN Myriad Genetics, Inc.
SBRA Sabra Healthcare REIT Inc
APLE Apple...
MORF Morphic Holding Inc
SITM SiTime Corp
Cluster

# pinto jpmorgan bank






⇢ JPMorgan and Citigroup executives are anticipating a tougher business climate through the end of 2023 and a slowdown in core Wall Street operations, with JPMorgan's COO predicting a recession at some point but not a crisis.

# gannett newsguild samuel









⇢ USA TODAY has appointed Terence Samuel, NPR News’ vice president and executive editor, as its new editor-in-chief, effective July 10, to help lead the publication through "the next phase of growth and innovation."
Tweets:
@washingtonpost
# donut doughnut donuts











⇢ Multiple restaurants are offering free donuts and deals on National Doughnut Day, June 2, 2023, including Burney's of Raleigh, Daylight Donuts, Duck Donuts, Dunkin', Early Bird Donuts, and Krispy Kreme.

# cia burns ciadirector







⇢ CIA director Bill Burns made a secret trip to China last month to salvage deteriorating relations between the two countries, meeting with Chinese intelligence officials and emphasizing the importance of maintaining open lines of communication in intelligence channels.

# ports port westcoast





⇢ Dockworkers at West Coast ports have been accused of engaging in "concerted and disruptive work actions" by their employers, raising concerns about shipping backups and operations at some of the nation's largest import hubs.

# moveit transfer moveittransfer







⇢ Hackers are exploiting a zero-day vulnerability in the MOVEit Transfer file transfer software to steal data from organizations, prompting Progress to release a security advisory warning customers of a "Critical" vulnerability in MOVEit MFT.
Wikipedia Current Events
June 2
Armed conflicts and attacks
- Russian invasion of Ukraine
- Battle of Bakhmut
- Wagner Group leader Yevgeny Prigozhin accuses the Russian Armed Forces of trying to kill his troops with anti-tank mines in Bakhmut, Donetsk Oblast, amid the mercenary group's withdrawal from the war-torn city. (Reuters)
- Southern Ukraine campaign
- Russian occupation official Vladimir Rogov says that Ukrainian forces have shelled the Port of Berdiansk in Zaporizhzhia Oblast, injuring nine people. (Reuters)
- Battle of Bakhmut
Arts and culture
- Removal of Confederate monuments and memorials
- The Fort Bragg U.S. Army base in North Carolina, named after Confederate Army general Braxton Bragg, is renamed to Fort Liberty. (Reuters)
Disasters and accidents
- 2023 Balasore train collision
- At least 207 people are killed and more than 900 others are injured in a train collision in Balasore, India. (Reuters)
- 2023 Atlantic hurricane season
- Tropical Storm Arlene forms as the first named storm of the 2023 Atlantic hurricane season. (The Washington Post)
- One person is killed and nine others are injured in a fire at a high-rise building in Rome, Italy. (BBC News)
Health and environment
- It is reported that Japan's fertility rate reached a record low of 1.2565 in 2022. (Reuters)
International relations
- Foreign nationals detained in Iran
- Iran releases one Danish citizen and two Austrian citizens. (BBC News)