Sviatlana Barchan/iStock via Getty Images The U.S. added 172,000 jobs, is the headline in May, according to the latest BLS report . It showed the unemployment rate steady at 4.3% and set the 3-month average job gain at 188,000. This was a good report, but not as strong as recent months. I think the market mistook it for a bad report because of tech job losses, but there's a misunderstanding at pla...
Sviatlana Barchan/iStock via Getty Images The U.S. added 172,000 jobs, is the headline in May, according to the latest BLS report . It showed the unemployment rate steady at 4.3% and set the 3-month average job gain at 188,000. This was a good report, but not as strong as recent months. I think the market mistook it for a bad report because of tech job losses, but there's a misunderstanding at play. BLS BLS May Jobs Report Here's the first table from the report, where we find the headline numbers, with my personal annotations on the figures I'm watching most closely. These are all clustered around the reasons for unemployment/underemployment. Annotations by author (BLS) Little was changed from last month, although we saw a large swing down in the less than 5-week figure and a swing up in the more than 27-week figure. The short-term turnover without a large roll into the 5-14 week cohort tells me that the big layoff groups are not staying unemployed for very long. My current theory is that the headline tech layoffs are being partially offset by those workers utilizing AI to become entrepreneurs. The one caveat here is that they are not becoming job-makers; they are largely working by themselves or with another founder, but they are not generally hiring. Apollo | The Daily Spark Speaking of establishments, here's that side of the report with my annotations. Notably, financial activities jobs saw the largest losses. State and local governments continue to add anomalous spikes in the government hiring rate; they added a lot of jobs this month. My theory is that they are still absorbing DOGE-d federal employees. Annotations by author (BLS) Tech Jobs Are Hurting Very notably, information jobs have been flat and negative for months. Tech jobs are in a very difficult position given the overhiring that was done in 2020-2022. I don't buy the AI argument as a reason for the total unemployment rate, though certain CEOs have convinced me that they are giving it a real go (like J...
gorodenkoff/iStock via Getty Images Rather than license its intellectual property to others, Paramount Skydance ( PSKY ) is launching its own video game studio, merging Skydance Interactive and Skydance New Media into a new entity, Paramount Games Studio. The new studio has tapped Tony Driscoll, currently Paramount’s ( PSKY ) head of corporate strategy and development, to lead the company, as well...
gorodenkoff/iStock via Getty Images Rather than license its intellectual property to others, Paramount Skydance ( PSKY ) is launching its own video game studio, merging Skydance Interactive and Skydance New Media into a new entity, Paramount Games Studio. The new studio has tapped Tony Driscoll, currently Paramount’s ( PSKY ) head of corporate strategy and development, to lead the company, as well as lead Paramount’s ( PSKY ) integration effort for the Warner Bros. merger. “This division launch marks a meaningful evolution in how we think about games—not as an extension of our business, but as a core pillar of our content strategy alongside film, television, and streaming,” Driscoll said. The first games to come out of the studio include Marvel 1943: Rise of Hydra and an untitled Star Wars game. Other titles will be announced during Summer Game Fest on Friday. More on Paramount Skydance Corporation Paramount Skydance: Charging Ahead In The Streaming Arena Paramount Skydance Corporation (PSKY) Presents at MoffettNathanson's Media, Internet & Communications Conference Transcript Paramount Skydance Corporation (PSKY) Q1 2026 Earnings Call Transcript The summer box office blitz is starting to heat up Paramount+ to bring live UFC to Canada in 2027
Key PointsiShares 5-10 Year Investment Grade Corporate Bond ETF provides a higher trailing-12-month dividend yield and a lower expense ratio than its Treasury-focused counterpart.
Key PointsiShares 5-10 Year Investment Grade Corporate Bond ETF provides a higher trailing-12-month dividend yield and a lower expense ratio than its Treasury-focused counterpart.
MPs urged to push for ‘radical reform’ after NAO finds former prince made income from Royal Lodge properties Campaigners have called for radical reform and a public inquiry into “all royal finances” after revelations that Andrew Mountbatten-Windsor received an undisclosed private income from subletting three cottages on his Royal Lodge estate while paying a “peppercorn rent”. A report from the pub...
MPs urged to push for ‘radical reform’ after NAO finds former prince made income from Royal Lodge properties Campaigners have called for radical reform and a public inquiry into “all royal finances” after revelations that Andrew Mountbatten-Windsor received an undisclosed private income from subletting three cottages on his Royal Lodge estate while paying a “peppercorn rent”. A report from the public spending watchdog, the National Audit Office (NAO), found the rental income went to the former Duke of York, but said: “We do not know what rent was charged.” Continue reading...
If you put $10,000 into Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) on the last trading day of 2025, you are sitting on about $19,400 this morning. The same $10,000 in the S&P 500 (via SPY) is worth roughly $11,140. SOXQ is up 94% year to date through June 2, 2026, against 11% for SPY. The headline ... The Chip ETF That Turned a $10k Bet Into Nearly $20k This Year
If you put $10,000 into Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) on the last trading day of 2025, you are sitting on about $19,400 this morning. The same $10,000 in the S&P 500 (via SPY) is worth roughly $11,140. SOXQ is up 94% year to date through June 2, 2026, against 11% for SPY. The headline ... The Chip ETF That Turned a $10k Bet Into Nearly $20k This Year
Marvin Samuel Tolentino Pineda/iStock via Getty Images Introduction Earlier today, the Bureau of Labor Statistics released the monthly jobs data for May . The report found that the U.S. economy added 172,000 jobs in the month of May. The unemployment rate remained at 4.3%, which is slightly below the Fed’s year-end expectation. With the labor market outpacing the Fed’s expectations and inflation h...
Marvin Samuel Tolentino Pineda/iStock via Getty Images Introduction Earlier today, the Bureau of Labor Statistics released the monthly jobs data for May . The report found that the U.S. economy added 172,000 jobs in the month of May. The unemployment rate remained at 4.3%, which is slightly below the Fed’s year-end expectation. With the labor market outpacing the Fed’s expectations and inflation higher than expected (at least for now), there should be no changes on the table for the Federal Reserve. Bureau of Labor Statistics Bureau of Labor Statistics Leading Indicators Heading into today’s jobs report, two previous labor market reports provided insight into the health of the labor market. First were the Job Openings and Labor Turnover Survey (JOLTS) which is also released by the Bureau of Labor Statistics. The report showed a surprising surge in the number of job openings in April to above 7.5 million, the highest reading in over two years. Bureau of Labor Statistics The JOLTS report did not segregate the number of job openings to a single industry, making the rally in the labor market appear broad. Construction, manufacturing, professional/business services, and other services all saw increases in job openings of more than 20% compared to a year ago. Information and financial activities saw fairly steep declines in the number of job openings. Overall, it appeared as if more employers were seeking to hire workers in April versus prior months. Bureau of Labor Statistics The JOLTS report also monitors the flows of the labor market, with separations and hires being the broadest measures of entry and exit. The activity in both areas rose sharply in March but came back down in line with recent trends in April. Back in February, I was concerned about separations outpacing hires, but that trend seems to have reversed back in March and held in April. The JOLTS report is back to pointing to a growing labor market. Bureau of Labor Statistics The other leading indicator came...
Dogecoin (CRYPTO: DOGE) , which was created as a parody of Bitcoin (CRYPTO: BTC) , reached its all-time high of $0.74 on May 8, 2021 -- the same day Elon Musk, its most prominent backer, hosted Saturday Night Live. But as of this writing, it trades at about $0.08. Dogecoin, like many other meme coins, fizzled out as rising interest rates and other macro headwinds chilled the cryptocurrency market ...
Dogecoin (CRYPTO: DOGE) , which was created as a parody of Bitcoin (CRYPTO: BTC) , reached its all-time high of $0.74 on May 8, 2021 -- the same day Elon Musk, its most prominent backer, hosted Saturday Night Live. But as of this writing, it trades at about $0.08. Dogecoin, like many other meme coins, fizzled out as rising interest rates and other macro headwinds chilled the cryptocurrency market . Without a supply limit, Dogecoin couldn't be valued by its scarcity, as Bitcoin is. Without native support for smart contracts, Dogecoin couldn't be valued as a blockchain-based developer ecosystem like Ethereum (CRYPTO: ETH) . That's why it struggled to recover even as Bitcoin and Ether bounced back. Image source: Getty Images. Continue reading
FEATURE Quantinuum was supposed to be the quantum sector’s most anticipated public listing of the year. It hasn’t lived up to the hype. After popping 13% in its trading debut and climbing as much as 19% during the session, Quantinuum stock settled up less than 1% on Thursday.
FEATURE Quantinuum was supposed to be the quantum sector’s most anticipated public listing of the year. It hasn’t lived up to the hype. After popping 13% in its trading debut and climbing as much as 19% during the session, Quantinuum stock settled up less than 1% on Thursday.
"The Rebirth Of America's Nuclear Industry": Antares Microreactor Goes Critical Antares just did something that has been painfully rare in American nuclear energy: it took a privately developed advanced reactor from concept to actual criticality on an aggressive, publicly stated schedule. On June 4th at Idaho National Laboratory (INL), the company’s Mark-0 microreactor achieved initial zero-power ...
"The Rebirth Of America's Nuclear Industry": Antares Microreactor Goes Critical Antares just did something that has been painfully rare in American nuclear energy: it took a privately developed advanced reactor from concept to actual criticality on an aggressive, publicly stated schedule. On June 4th at Idaho National Laboratory (INL), the company’s Mark-0 microreactor achieved initial zero-power fueled criticality under the Department of Energy’s Reactor Pilot Program. When a reactor goes critical, it is experiencing a self-sustaining chain reaction of fissioning uranium atoms inside of its core. A zero-power fueled criticality means the reactor was taken critical at an extremely low power level to prevent any heat production or significant radiation and facilitate data collection. It is the first advanced reactor to hit that mark in the program and the first privately developed non-light-water reactor to reach criticality in the United States in more than four decades. Today, an advanced non-lightwater nuclear reactor reached criticality in the United States for the first time in more than four decades. Thanks to President Trump unleashing the American Nuclear Renaissance, this was made possible. 🇺🇸 pic.twitter.com/UwWxdDd0ms — U.S. Department of Energy (@ENERGY) June 4, 2026 This is not another rendering or licensing milestone: Fission happened Ahead of schedule We have been tracking the microreactor industry’s rapid evolution across multiple articles. The handful of developers positioning under the new DOE fast-track authorities created by President Trump’s May 2025 executive orders . In early April we detailed Antares securing the first-ever Documented Safety Analysis approval for an advanced reactor under DOE-STD-1271, which is a regulatory green light viewed as equivalent to an NRC license for their test reactor. We covered their selection for the Air Force’s Advanced Nuclear Power for Installations program at Joint Base San Antonio. And just last week we rep...
wildpixel/iStock via Getty Images Listen below or on the go on Apple Podcasts and Spotify Broadcom and Hewlett Packard Enterprises baton passing (0:20) Apple WWDC 2026 (3:00) Extremely upbeat jobs data (5:00) Transcript Rena Sherbill: Brian Stewart, Seeking Alpha's Director of News. Welcome back to another week of Wall Street Roundup. Brian Stewart: Great to be here. Rena Sherbill: Great to have y...
wildpixel/iStock via Getty Images Listen below or on the go on Apple Podcasts and Spotify Broadcom and Hewlett Packard Enterprises baton passing (0:20) Apple WWDC 2026 (3:00) Extremely upbeat jobs data (5:00) Transcript Rena Sherbill: Brian Stewart, Seeking Alpha's Director of News. Welcome back to another week of Wall Street Roundup. Brian Stewart: Great to be here. Rena Sherbill: Great to have you. What have you been looking at this week? Earnings? Has that been top of mind for you? Brian Stewart: Yeah, so there haven't been too many earnings during season being substantially over at this point, but we did get a couple of headline earnings that are worth talking about. Broadcom ( AVGO ) and Hewlett Packard Enterprises ( HPE ) both reported this past week. They're kind of a tale of two stocks where both beat expectations, strong guidance on the surface looked great, but Broadcom was down about 13% and HPE was up about 19%. And the difference there is just sort of the perception of the market about their guidance. On the Broadcom side, they didn't raise their AI guidance, which was expected. They also suggested in the conference call that Google ( GOOG ) ( GOOGL ) was going to diversify some of its custom chip work. So the idea being that they might not be able to rely as heavily on Google as they had in the past. Now, Broadcom was up going into the earnings report, actually hit its high on the day that the earnings came out after the close, had risen about 70 % since the end of March. So you had a lot of expectation that was sort of built into the stock. And then when it wasn't able to kind of give that last sort of guidance push, the stock came down. On the HPE side, AI server demand accelerating is the basic story. And this is similar to Dell ( DELL ), which came out last week. Dell was up 33 % on its earnings. Similarly, AI spending, fueling it. If you look further back, if you're comparing Broadcom and HP Dell, you see a passing of the baton in terms of the AI ...
Energy Fuels trades at a steep premium to peers despite rising uranium output, REE expansion and a strong long-term outlook, but near-term losses persist.
Energy Fuels trades at a steep premium to peers despite rising uranium output, REE expansion and a strong long-term outlook, but near-term losses persist.
wildpixel/iStock via Getty Images Listen below or on the go on Apple Podcasts and Spotify Broadcom and Hewlett Packard Enterprises baton passing (0:20) Apple WWDC 2026 (3:00) Extremely upbeat jobs data (5:00) Transcript Rena Sherbill: Brian Stewart, Seeking Alpha's Director of News. Welcome back to another week of Wall Street Roundup. Brian Stewart: Great to be here. Rena Sherbill: Great to have y...
wildpixel/iStock via Getty Images Listen below or on the go on Apple Podcasts and Spotify Broadcom and Hewlett Packard Enterprises baton passing (0:20) Apple WWDC 2026 (3:00) Extremely upbeat jobs data (5:00) Transcript Rena Sherbill: Brian Stewart, Seeking Alpha's Director of News. Welcome back to another week of Wall Street Roundup. Brian Stewart: Great to be here. Rena Sherbill: Great to have you. What have you been looking at this week? Earnings? Has that been top of mind for you? Brian Stewart: Yeah, so there haven't been too many earnings during season being substantially over at this point, but we did get a couple of headline earnings that are worth talking about. Broadcom ( AVGO ) and Hewlett Packard Enterprises ( HPE ) both reported this past week. They're kind of a tale of two stocks where both beat expectations, strong guidance on the surface looked great, but Broadcom was down about 13% and HPE was up about 19%. And the difference there is just sort of the perception of the market about their guidance. On the Broadcom side, they didn't raise their AI guidance, which was expected. They also suggested in the conference call that Google ( GOOG ) ( GOOGL ) was going to diversify some of its custom chip work. So the idea being that they might not be able to rely as heavily on Google as they had in the past. Now, Broadcom was up going into the earnings report, actually hit its high on the day that the earnings came out after the close, had risen about 70 % since the end of March. So you had a lot of expectation that was sort of built into the stock. And then when it wasn't able to kind of give that last sort of guidance push, the stock came down. On the HPE side, AI server demand accelerating is the basic story. And this is similar to Dell ( DELL ), which came out last week. Dell was up 33 % on its earnings. Similarly, AI spending, fueling it. If you look further back, if you're comparing Broadcom and HP Dell, you see a passing of the baton in terms of the AI ...
Anger and distress at the treatment of the stabbed teenager is widely shared. But the online amplification of myths and grievances must be tackled To learn of the last minutes of Henry Nowak’s life would be shocking and distressing under any circumstances. The stabbed teenager begged officers for help, as they handcuffed him before realising their mistake. To watch those final moments, on the poli...
Anger and distress at the treatment of the stabbed teenager is widely shared. But the online amplification of myths and grievances must be tackled To learn of the last minutes of Henry Nowak’s life would be shocking and distressing under any circumstances. The stabbed teenager begged officers for help, as they handcuffed him before realising their mistake. To watch those final moments, on the police body-cam footage released this week, is all the more immediate, and unbearable. The outrage is widely shared. But the way it has been weaponised is alarming. His family’s wish is for his legacy to be a renewed effort to reduce knife crime, not increased antagonism along racial and religious lines. Instead, the unscrupulous are using the power of the footage and the speed of social media to spread myths about “two-tier policing” and turn trauma into political mobilisation. Rightly, Hampshire’s chief constable has apologised. Three of the officers involved are being investigated, while a fourth has left the force. Policies are being reviewed. Vickrum Digwa will serve at least 20 years for murder before being eligible for parole. Sir Keir Starmer and Kemi Badenoch have met with the victim’s family. Continue reading...