Wall Street’s major market averages moved lower on Friday as traders assessed May's labor report, while tech continued to be under pressure. The blue chip Dow ( DJI ) was -0.2%, the benchmark S&P 500 ( SP500 ) was -1%, and the tech focused Nasdaq Composite ( COMP:IND ) was -1.8%. From a sector-by-sector perspective, five of the 11 S&P segments were in the green, with consumer staples leading the w...
Wall Street’s major market averages moved lower on Friday as traders assessed May's labor report, while tech continued to be under pressure. The blue chip Dow ( DJI ) was -0.2%, the benchmark S&P 500 ( SP500 ) was -1%, and the tech focused Nasdaq Composite ( COMP:IND ) was -1.8%. From a sector-by-sector perspective, five of the 11 S&P segments were in the green, with consumer staples leading the way. At the other end of the spectrum, info tech has struggled the most. On the economic front, nonfarm payrolls soared past consensus in May, while the unemployment rate stood at 4.3%. “Friday's jobs report was much stronger-than-expected and shows that the labor market is turning a corner after a rough past 12 months driven by fears of AI and uncertainty over geopolitics and tariffs. The revival of the labor market makes the Federal Reserve's job easier and allows it to keep rates steady in the meantime as it assesses the volatile inflation situation,” Glen Smith, chief investment officer, GDS Wealth Management stated. U.S. Treasury yields pushed higher across the curve. The U.S. 2 Year Treasury yield ( US2Y ) moved up 10 basis points to 4.15%. At the same time, the U.S. 10 Year Treasury yield ( US10Y ) moved higher by 6 basis points to 4.54%, and the U.S. 30 Year Treasury yield ( US30Y ) climbed by 3 basis points to 5.01%. As for stocks that were on the move, shares of Chipotle Mexican Grill ( CMG ) advanced by 5%, while shares of Arm Holdings ( ARM ) fell 8.7%. More on markets Dividend Roundup: UnitedHealth Group, Verizon, Alphabet, American Express, and more Treasury yields jump after May payrolls crush expectations Nonfarm payrolls soar past consensus in May; unemployment rate holds at 4.3% AI-powered startup boom could bring major labor market shifts, Apollo says JPMorgan sees the bond yield surge fading in the second half of 2026
OpenAI’s ( OPENAI ) next model is being designed by another model in a sign that AI is reaching "super intelligence," said SoftBank ( SFTBF ) ( SFTBY ) CEO Masayoshi Son in an interview with CNBC. Son's comments come on the heels of OpenAI ( OPENAI ) rival Anthropic ( ANTHRO ) warning that AI development may need to be slowed down to deal with the implications of the rapid pace of improvement. How...
OpenAI’s ( OPENAI ) next model is being designed by another model in a sign that AI is reaching "super intelligence," said SoftBank ( SFTBF ) ( SFTBY ) CEO Masayoshi Son in an interview with CNBC. Son's comments come on the heels of OpenAI ( OPENAI ) rival Anthropic ( ANTHRO ) warning that AI development may need to be slowed down to deal with the implications of the rapid pace of improvement. However, Anthropic also noted that AI developers with nefarious intentions would not likely stall their efforts, and a nuclear peace treaty-type commitment would be required to keep the genie in the bottle. In an interview with CNBC on Monday, Son said he had spoken to OpenAI CEO Sam Altman and engineers at the company, who told him that an AI "model is designing" a future model. "So that’s going to happen to all the other major models," said Son, adding that engineers will no longer be smart enough to design the next model. "So once that happens, [the] model generates [the] next model ... and it’s going to be exponentially smarter than all of us. That’s a super intelligence," said Son. SoftBank is one of OpenAI’s top shareholders. OpenAI did not immediately respond to Seeking Alpha's request for comment. An OpenAI spokesperson declined to comment to CNBC on unreleased models but highlighted areas where the company was already using AI in model development. In February, OpenAI said its GPT‑5.3‑Codex is its "first model that was instrumental in creating itself." The Codex team used early versions to debug its own training, manage its own deployment, and diagnose test results and evaluations — "our team was blown away by how much Codex was able to accelerate its own development." On Thursday, Marina Favaro, head of The Anthropic Institute, and Jack Clark, a co-founder of Anthropic, said in a blog post that evidence suggests that the human role is narrowing at each step in the AI development process. "Once human- and AI-authored code quality reach parity, humans will stop writing...
The Fed could raise interest rates before the end of the year due to persistent inflation and a strengthening labor market, according to former Federal Reserve Vice Chairman Roger Ferguson. In an interview with CNBC, Ferguson stated he would place “at least even odds” on a rate hike occurring this year, with the next Fed move more likely to be a hike rather than a cut. Ferguson pointed to the late...
The Fed could raise interest rates before the end of the year due to persistent inflation and a strengthening labor market, according to former Federal Reserve Vice Chairman Roger Ferguson. In an interview with CNBC, Ferguson stated he would place “at least even odds” on a rate hike occurring this year, with the next Fed move more likely to be a hike rather than a cut. Ferguson pointed to the latest labor market data and revisions as evidence that economic conditions warrant tighter monetary policy. “This labor market report plus the revisions, and, you know, still sticky inflation, you’ve got to have a hike on the table at some point this year,” Ferguson said. He noted that the debate about the labor market has shifted from concerns about weakening to discussions about whether it’s stabilizing or strengthening. The former Fed official also addressed the potential impact of artificial intelligence on the economy and interest rates. While acknowledging that AI has the potential to boost productivity, Ferguson cautioned against expecting lower rates as a result. “Interest rates may stay higher than people might expect even as AI starts to kick in because of the CapEx associated with it,” he explained, noting the significant capital investment required to support AI development. Ferguson expressed concern about elevated oil prices and their potential to affect core inflation beyond just headline numbers. He warned that even when the Strait of Hormuz reopens, price relief won’t come immediately. “There’s going to be a lag there, not just for oil prices, but there’s the need to rebuild the LNG capabilities in the region,” Ferguson said, adding that fertilizer prices and helium supplies—critical for cooling computer chips—are also tied to the geopolitical situation. When pressed on his outlook, Ferguson remained firm in his assessment that the Fed’s next move will be an increase rather than a decrease. “Wouldn’t surprise me by the end of the year,” he said of a potential ...
Forty-six of 68 global central banks are overshooting their inflation target and/or the midpoint of their inflation target range, according to Bank of America analyst Michael Hartnett. The finding suggested inflation remained a challenge for policymakers despite aggressive tightening cycles implemented over the past several years. According to BofA's analysis, 34 of the 68 central banks were also ...
Forty-six of 68 global central banks are overshooting their inflation target and/or the midpoint of their inflation target range, according to Bank of America analyst Michael Hartnett. The finding suggested inflation remained a challenge for policymakers despite aggressive tightening cycles implemented over the past several years. According to BofA's analysis, 34 of the 68 central banks were also exceeding the upper end of their official inflation target range where such bands existed. Among major economies, inflation remained above target in the U.S., the euro area, the UK, Canada, and Australia. The report also showed many emerging markets continuing to record inflation rates well above central bank objectives. Hartnett said the persistence of above-target inflation helped explain recent market trends, including bear flattening in yield curves and pressure on many emerging-market currencies. The analyst also highlighted currencies including Indonesia's rupiah, India's rupee, and South Korea's won in discussing market reactions to inflation and monetary policy developments. The data underscored the extent to which central banks globally continued to grapple with price pressures, even as inflation had moderated from the peaks reached recently. BofA's analysis indicated that most of the central banks surveyed remained above their inflation goals, indicating that restoring price stability remained an ongoing challenge for policymakers around the world. Here is the table: BofA Here are some Emerging Market ETFs: ( IEMG ), ( VWO ), ( EEM ), ( SPEM ), ( SCHE ), and ( AVEM ) More related stories What Lies Ahead For Indian Rupee In Higher Oil Price Environment EEM Vs. VWO: A Definition Cost Investors 10% The 1-Minute Market Report, May 10, 2026 The $805B secret hiding in central bank portfolios Inflation woes: Emerging markets lead rate hikes; ECB may be next
Nvidia Corp. ’s profit margins are relatively safe through 2030 because hyperscalers have few alternatives for the chips powering data centers for artificial intelligence, DA Davidson’s head of technology research said. “The hyperscalers don’t have that many options,” Gil Luria said Friday on Bloomberg Television’s Surveillance . “They are still by and large relying on Nvidia chips, almost entirel...
Nvidia Corp. ’s profit margins are relatively safe through 2030 because hyperscalers have few alternatives for the chips powering data centers for artificial intelligence, DA Davidson’s head of technology research said. “The hyperscalers don’t have that many options,” Gil Luria said Friday on Bloomberg Television’s Surveillance . “They are still by and large relying on Nvidia chips, almost entirely. That makes Nvidia’s gross margins around mid-70s, relatively safe.” Nvidia dominates the flow of chips to large data center clients even as the so-called hyperscalers look to manufacturers such as Broadcom Inc. and Advanced Micro Devices Inc. to diversify. Santa Clara, California-based Nvidia reported quarterly sales growth of 85% to $81.6 billion, with an adjusted gross margin, or the percentage of revenue remaining after production costs, of 75%. Competitors “are still at very early stages,” said Luria, who rates Nvidia as a buy and has a $300 price target, implying a 37% rally from Thursday’s close. “Hyperscalers are not necessarily in a great negotiating position.” Investors, meanwhile, have turned more cautious about the immediate prospects for the big chipmakers as they spend to boost AI production capacity. Even Nvidia’s stock — up more than 1,300% in the five years ended Dec. 31 — has fallen since reporting earnings that beat estimates on May 20. Broadcom shares plunged by the most in more than 16 months on Thursday after disappointing investors with its forecast for AI chip sales. It was a “very good result” for Broadcom, said Luria, pointing to the company’s revenue growth. “But investors have now been trained to expect a lot more than that.” (This story was produced with the assistance of Bloomberg Automation.)
ETFs are a great way to gain exposure to various themes and sectors within the market without being over exposed via individual stocks. AI has been the major driver in 2026, but there are a number of different ways to invest in AI and play that momentum. In today's video I am going to cover 4 ETFs that are all very different and can all be owned in the same portfolio. One of those ETFs is the Glob...
ETFs are a great way to gain exposure to various themes and sectors within the market without being over exposed via individual stocks. AI has been the major driver in 2026, but there are a number of different ways to invest in AI and play that momentum. In today's video I am going to cover 4 ETFs that are all very different and can all be owned in the same portfolio. One of those ETFs is the Global X Artificial Intelligence & Technology ETF (NASDAQ: AIQ) . Watch this short video to learn more, consider subscribing to the channel, and check out the special offer in the link below. Continue reading
Love Employee/iStock via Getty Images GLP-1 drugs, the treatment class popularized by Eli Lilly ( LLY ) and Novo Nordisk ( NVO ), could generate $150B in global sales by the end of this decade, TD Cowen estimates, indicating a roughly ~8% increase from their prior forecast issued just over a year ago. Compared to its $139B projection previously, the brokerage now estimates global GLP-1 sales could...
Love Employee/iStock via Getty Images GLP-1 drugs, the treatment class popularized by Eli Lilly ( LLY ) and Novo Nordisk ( NVO ), could generate $150B in global sales by the end of this decade, TD Cowen estimates, indicating a roughly ~8% increase from their prior forecast issued just over a year ago. Compared to its $139B projection previously, the brokerage now estimates global GLP-1 sales could reach $150B by 2030, with Lilly ( LLY ) and Novo ( NVO ) retaining their dominant shares in the booming market. The forecast includes GLP-1 drugs indicated for both type 2 diabetes and obesity. TD Cowen also estimates that roughly 59M patients could benefit from GLP-1 drugs by 2030, up from 46M previously, and assumes that higher demand for the drug class could offset price reductions. Additionally, oral GLP-1 drugs, which made their U.S. debuts this year, could account for 14% of total global GLP-1 sales by 2030, according to the analysts. Backed by licensing deals and M&A, pharmaceutical companies are in a race to develop the next FDA-approved GLP-1 therapy to join Lilly ( LLY ) and Novo ( NVO ), which dominate the fast-growing obesity drug market. Pfizer ( PFE ), Amgen ( AMGN ), Viking Therapeutics ( VKTX ), Regeneron ( REGN ), AstraZeneca ( AZN ), Structure Therapeutics ( GPCR ), and Altimmune ( ALT ) all have obesity therapies in their pipelines. In February 2025, TD Cowen set its 2030 global sales forecast for GLP-1 weight-loss/ obesity drugs at $139B, up roughly 38% from its previous forecast of $101B issued just over a year ago. More on Eli Lilly, Novo Nordisk A/S Eli Lilly and Company (LLY) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript Eli Lilly Expands Into Infectious Diseases, Retatrutide Adds Another Phase 3 Win Wall Street Underestimates Novo Nordisk's GLP-1 Comeback Lilly halving planned €2.3B investment in Germany: CEO Most and least shorted mid- to mega-cap healthcare stocks at the end of May
On this episode of the Odd Lots podcast, Iain Dunning, head of AI at Hudson River Trading, joins Joe Weisenthal and Tracy Alloway to talk about how the firm is deploying AI and how much employees are actually spending on tokens. (Source: Bloomberg)
On this episode of the Odd Lots podcast, Iain Dunning, head of AI at Hudson River Trading, joins Joe Weisenthal and Tracy Alloway to talk about how the firm is deploying AI and how much employees are actually spending on tokens. (Source: Bloomberg)
Robertson joins after hugely successful spell at Liverpool US investors claim purchase of Daniel Levy’s club shares Tottenham have completed the signing of Andy Robertson from Liverpool on a free transfer as Roberto De Zerbi seeks to rebuild his squad following the trauma of their brush with relegation from the Premier League. De Zerbi said after his team had stayed up on the final day of the seas...
Robertson joins after hugely successful spell at Liverpool US investors claim purchase of Daniel Levy’s club shares Tottenham have completed the signing of Andy Robertson from Liverpool on a free transfer as Roberto De Zerbi seeks to rebuild his squad following the trauma of their brush with relegation from the Premier League. De Zerbi said after his team had stayed up on the final day of the season with a home win over Everton that he had “10, 11, 12 players good enough to stay” and: “We have now to change too many players.” Robertson has become the first addition as the Italian seeks to address the leadership vacuum in the dressing room that undermined the previous campaign. Continue reading...