Money & Finance
Personal finance, banking, and capital markets.
GLP-1-related returns leave retailers reeling
Clothing returns are starting to wear on profits.
Screwworms have entered the US
Texas has a confirmed screwworm case for the first time since 1966.
May had its first $1b box office without a Marvel
On the strength of a popstar biopic, a fashionable sequel, an underwhelming Star War, and two surprise horror megahits, the North American box office eclipsed $1 billion in May—a figure not reached since 2019, before Covid ravaged the movie
Bitcoin is down horrendous
Geopolitical uncertainty and other factors are causing the coin’s price to suffer, even as Big Tech carries the traditional stock market to new heights.
What are the main events for today?
EUROPEAN SESSION In the European session, the main highlight is the Swiss inflation data. The CPI Y/Y is expected at 0.7% vs 0.6% prior, while the Core Y/Y metric is seen at 0.3% vs 0.3% prior. The data is not going to change anything for the SNB, so the market reaction will likely be muted. AMERICAN SESSION In the American session, we get the latest US Jobless Claims figures. Initial Claims are expected at 215K vs 215K prior, while Continuing Claims are seen at 1780K vs 1786K prior. The data has been pointing to a stable/strengthening labour market which prompted the Fed to shift the focus back towards inflation. CENTRAL BANK SPEAKERS 08:00 GMT/04:00 ET - ECB President Lagarde (neutral - voter) 12:30 GMT/08:30 ET - Fed's Barkin (neutral - non voter) 14:00 GMT/10:00 ET - Fed's Bowman (dovish - voter) 15:40 GMT/11:40 ET - BoE Governor Bailey (neutral - voter) 17:10 GMT/13:10 ET - Fed's Daly (neutral - non voter) This article was written by Giuseppe Dellamotta at investinglive.com.
All-inclusive resort bookings are booming
The all-inclusive vacation is now appealing to higher-income travelers and families looking for luxury at a fixed cost without surprises.
Pelley fired from ‘60 Minutes,’ CBS chaos continues
A heated back-and-forth led to the dismissal of the longtime news anchor
Big Tech hunts for cash to pay for its AI spend
Google will sell more stock, and Meta will sell an AI agent to businesses for the first time.
Japan’s Kihara: Specific Monetary Policy Means Are Up to the BOJ to Decide
BitcoinWorld Japan’s Kihara: Specific Monetary Policy Means Are Up to the BOJ to Decide Japan’s Chief Cabinet Secretary, Yoshimasa Kihara, stated on Monday that the specific means of monetary policy implementation are a matter for the Bank
Stocks drop on AI, rate hike worries as Lebanon deal hits oil
Stocks sank Thursday after a disappointing forecast by chip giant Broadcom stoked concerns about the AI trade, while stronger-than-expected US data compounded speculation the Federal Reserve could hike interest rates.Speculation is rising that a strong reading -- which would compound the war-fuelled spike in inflation -- could put more pressure on the Fed to hike rates.
Robert Kiyosaki Asks How Government Taking 40% of Your Money Still Ends up Trillions in Debt
Robert Kiyosaki questioned how a government that takes “40% of everyone’s money” can still accumulate massive debt. The Rich Dad Poor Dad author pointed to America’s growing debt burden, arguing that strong tax collections have not prevente
Revolut US bank plans stablecoins alongside FDIC-insured accounts: Report
Reuters reported that Revolut plans to integrate stablecoins into its future US bank as more fintech and crypto companies chase federal banking approvals.
He Blew the Whistle on DOGE. Then His Brakes Were Cut
On April 14, 2025, Dan Berulis, an IT staffer at the National Labor Relations Board (NLRB), filed a Congressional whistleblower complaint with an extraordinary and urgent claim: The so-called Department of Government Efficiency (DOGE) had s
The USD is mostly higher but little changed to start the new trading day. ADP (+117K est)
The U.S. dollar is mostly higher but little changed overall as traders continue to navigate a slow and choppy session. In the video above, I break down the technical picture for the three major currency pairs — EURUSD, USDJPY, and GBPUSD. While none of the pairs are making large moves, each is trading around key technical levels that could determine the next directional push. The EURUSD has spent much of the day trading below its 100-hour and 200-hour moving averages at 1.1633 and 1.1639, respectively. Earlier attempts to rally stalled near a swing area that has acted as resistance, keeping sellers in control. That failure gave sellers the green light to push lower, with the pair extending below Monday’s low to 1.1606. The next key support zone comes in between 1.1576 and 1.1586. As long as the price remains below the converged hourly moving averages, the bias remains tilted to the downside. The USDJPY once again tested the psychologically important 160.00 level, which many traders continue to view as a potential intervention ceiling for Japanese authorities. The high reached 159.99 before sellers stepped in, pushing the pair below the 100-hour moving average at 159.55. However, downside momentum stalled ahead of the 200-hour moving average at 159.36, and the pair has since rebounded back toward the swing area between 159.70 and 160.00. A sustained break above 160.00 could trigger additional buying and stop-loss orders, but traders remain wary of intervention risk, which continues to limit upside enthusiasm. The GBPUSD briefly moved above its 100-day moving average at 1.3476, but buyers could not extend the move beyond the 50% retracement level at 1.3480. That failure encouraged sellers to re-enter, pushing the pair lower toward a cluster of support formed by the converged 100-hour and 200-hour moving averages near 1.3451. The pair has since moved back and forth around that support zone as momentum fades. On the topside, the 100-day moving average and the 50% retracement remain key resistance targets. On the downside, a break below the 200-day moving average at 1.3420 would strengthen the bearish case. Looking ahead, traders will be watching the ADP employment report, which is expected to show a gain of 117K jobs in May versus 109K in April, as well as comments from Fed Governor Barr and Dallas Fed President Logan for further clues on the interest rate outlook. This article was written by Greg Michalowski at investinglive.com.
What are the main events for today?
EUROPEAN SESSION In the European session, we don't have much on the agenda other than the final Services PMIs for the major Eurozone economies and the UK. The data is not going to change anything for the respective central banks, so the market reaction will likely be muted. AMERICAN SESSION In the American session, we get the US ADP report and the US ISM Services PMI. The ADP is expected at 120K vs 109K in the prior month. The US jobs data has been pointing to a stable/strengthening labour market for months which led the Fed to shift its focus from employment mandate to the inflation one. The ISM Services PMI is expected at 53.8 vs 53.6 in the prior month. The S&P Global noted that the flash PMI data for May recorded only modest growth of business activity as demand was again squeezed by a further spike in prices and jobs were cut as firms worried over rising costs and the economic outlook. Moreover, the agency found that input costs jumped in May at the steepest rate since late-2022 on the back of rising war-related supply constraints and steep energy cost increases. Costs were not only cited as causing lower sales but also contributed to steepening job losses and a further rise in selling price inflation to its highest since August 2022. CENTRAL BANK SPEAKERS 07:20 GMT/03:20 ET - ECB's Dolenc (hawkish - voter) 08:30 GMT/04:30 ET - BoJ Governor Ueda (neutral - voter) 09:10 GMT/05:10 ET - SNB Chairman Schlegel (neutral - voter) 09:50 GMT/05:50 ET - ECB's Elderson (neutral - voter) 13:00 GMT/09:00 ET - Fed's Barr (neutral - voter) 13:30 GMT/09:30 ET - ECB's Cipollone (neutral - voter) 20:00 GMT/16:00 ET - Fed's Logan (hawkish - voter) This article was written by Giuseppe Dellamotta at investinglive.com.
Becoming a Millionaire by 30, Warren Buffett Shares His Proven Strategy
NewsPublished:Jun 3, 2026, 1:30 AMIn 1978, Warren Buffett cemented a partnership that would define Berkshire Hathaway for decades with Charlie Munger, a collaboration that ran until 2023. His rule for partners, Buffett says, is blunt: pick
Gold Overtakes US Treasuries as Top Reserve Asset: ECB Data
Gold overtook U.S. Treasuries in global official reserves by market value, the ECB said. The move reflected a 60% gold rally and rising demand for reserve diversification.Key TakeawaysGold reached 27% of official reserves, topping Treasurie
Australia Q1 GDP slows to 0.3% as data centre imports drag on growth
, both below forecasts, as a surge in data centre and fuel imports wiped 0.8 percentage points from growth despite strong domestic demand. *** The miss versus the 0.5% consensus is modest in isolation but the composition is what matters for the RBA: domestic demand ran hot enough to keep the central bank on guard, even as the headline number disappointed. Three rate hikes already this year have not yet fully transmitted, and with the services PMI now in contraction and the Middle East conflict continuing to inflate fuel costs, the RBA's own forecast of 1.9% annual growth by Q2 and 1.3% by year-end looks increasingly credible. Swap markets pricing only 23 basis points of further tightening for the year suggests the hiking cycle is close to done, but a fourth move cannot be ruled out if domestic demand stays stubborn. This article was written by Eamonn Sheridan at investinglive.com.
Meta retreats on employee mouse-tracking after weeks of staff revolt
Meta is pulling back parts of its controversial plan to record employee mouse movements and keystrokes for AI training. The retreat was disclosed on Tuesday in an internal memo by Stephane Kasriel, a vice president in Meta’s Superintelligen
More than 6 out of 10 people turn to AI for psychological support
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investingLive Americas FX news wrap 2 Jun: Markets randomly walk through the flow of news
The April JOLTS report was stronger than expected, with job openings rising sharply to 7.62 million, the highest level since May 2024 and well above forecasts. The increase suggests labor demand remains resilient despite concerns about slowing economic growth. While hiring eased somewhat, job openings and quits both moved higher, indicating workers remain confident about employment opportunities. Overall, the report provides evidence that the labor market remains relatively healthy and may reduce some of the pressure on the Fed to consider near-term rate cuts, although one month's data is not enough to signal a broader shift in the labor market trend. ECB policymaker Olli Rehn suggested that a June rate hike should be viewed as an "insurance" move designed to guard against potential future inflation risks rather than the start of a sustained tightening cycle. Rehn emphasized that inflation expectations remain well anchored, but argued that a modest policy adjustment would help ensure inflation stays under control amid heightened uncertainty. His comments imply that the ECB is likely to present any June hike as a precautionary measure rather than a signal of multiple rate increases ahead. As a result, the market may be overestimating the chances of a follow-up hike in July, with policymakers more likely to pause and assess incoming economic data and geopolitical developments, including the evolving US-Iran situation, before considering any further action later in the year. Cleveland Fed President Beth Hammack reinforced her hawkish stance, arguing that it is reasonable to keep interest rates unchanged for now given ongoing uncertainties, but warning that waiting too long could allow inflation pressures to become more deeply embedded in the economy. She said her primary concern is the growing risk of persistent inflation, noting that monetary policy may not be restrictive enough to return inflation to the Fed's 2% target. Hammack emphasized that inflationary pressures are broadening across the economy, while the labor market remains near full employment. As a result, she remains firmly committed to restoring price stability and signaled that policymakers should remain vigilant against the risk that inflation becomes entrenched, requiring tighter policy for longer. Major US stock indices closed higher with the Dow industrial average leading the way with a gain of 0.45%. The S&P index is up 0.13% and the NASDAQ index was unchanged. Despite the rise in the Dow, 14 of the 30 stocks were higher while 16 or lower. The Dow's biggest winners today were led by Cisco, which surged 5.50%, followed closely by Caterpillar, up 5.16%. The strong gains in those two stocks helped drive broader strength within the index. Apple added 2.91%, continuing to benefit from investor interest in large-cap technology shares, while IBM climbed 2.75% on solid buying interest. Goldman Sachs rounded out the top performers, rising 1.53%. The Dow's biggest losers were led by Nike, which fell 4.79%, making it the weakest performer in the index. Microsoft and Salesforce each declined 4.18%, weighing on the technology sector despite strength elsewhere in the market. Boeing dropped 2.94%, giving back earlier gains and adding pressure to the industrial segment, while Amazon slipped 1.83% as investors took profits in the e-commerce and cloud-computing giant. The losses were concentrated in consumer discretionary and technology names, with Nike, Microsoft, and Salesforce accounting for the bulk of the downside among Dow components. Alphabet shares fell 3.86% after the company announced an $80 billion equity raise, a move that will dilute existing shareholders by roughly 1.7% and highlights the enormous costs associated with the AI arms race. Over the past year, major technology companies have shifted from generating substantial free cash flow to spending aggressively on AI chips, talent, and data centers, followed by large debt issuances. After already raising about $85 billion in debt, Alphabet is now turning to equity markets, with the offering including $10 billion sold directly to Berkshire Hathaway, approximately $30 billion in public offerings, and up to $40 billion through an at-the-market share issuance program. The move is being viewed as a watershed moment, signaling that AI investment demands are becoming so large that even the biggest tech firms are seeking new sources of capital, while also increasing competition for investor dollars ahead of expected IPOs from companies such as SpaceX, Anthropic, and OpenAI. The fall was felt by a number of large cap names with: Nvidia: -0.69% Amazon -1.81% Microsoft -4.17% Other losers included: Shake Shack -8.37% to its lowest level going back to November 2023 Dell fell -6.54% as traders replaced Dell which was up 300% from the February low, with Hewlett-Packard Enterprise (up 19.47% after its earnings beat). Strategy (Microstrategy) tumbled by -9.15% as Bitcoin tumbled by -5.7% Figma fell by -10.53%. Remember when it went public in July 2025 trading as high as $142.92. In reached a low in April at $16.60 before rebounding recently to $27.74. Today's decline took the price to $24.29 at the close Palantir-5.28% What did not go down and helped to balance the overall indices: Marvell surged by 32.52% after Jenson Huang of Nvidia touted the company as a future $1T company. The capitalization is abour $200-$250M. Hewlett-Packard enterprise rose 19.47% after earnings Cisco rose by 5.5% Apple rose by 2.90% IBM rose by 2.75% US yields are marginally laureth the front-end with the two-year down -0.4 basis points at 4.047%. The 10 year fell by -2.4 basis points to 4.453% while the 30 year fell by -2.6 basis points at 4.965%. Looking at the US dollar, it was mixed with the EUR, CHF and CAD within 0.05% of the closing level from yesterday. The USD was the strongest vs the JPY at 0.18% and weakest vs the AUD at -0.36%. The USDJPY moved to a high of $159.98, just short of the 160.00 level that traders are worried about with regard to intervention threats. Overall the USD index (DXY) is ending the day near unchanged. Bitcoin is currently down $-4300 or -6.01% at $67,033. The low price reached $66,303. The high price was at $71,310. The close today is the lowest since early April. The low close for the year was in February at $62,795. The high for the year is at $97,939 (from January 14). Crude oil is trading up $1.22 at $93.40. The high price reached $94 while the low price was at $90.12. Progress on the Middle East continues to remain muddied and full of unsubstantiated rumors mostly. Israeli and Lebanon continue to add to the headwinds for the opening of the Straits of Hormuz and a cease-fire. What was interesting is that prospects for resumption of peace talks on Ukraine are linked to the end of the conflict around Iran (according to Tass at least). This article was written by Greg Michalowski at investinglive.com.
5 Mid-Year Investment Moves Retirees Should Consider Before July
A mid-year financial checkup can help keep your nest egg in tip-top shape.
Three Ways to Get Paid
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