Japan likely dumped billions of U.S. Treasury holdings to finance its latest Yen intervention
Source: Barchart
US sets stage for antitrust probes into Microsoft, OpenAI and Nvidia
Source: Reuters
*U.S. MAY ADP NONFARM PAYROLLS REPORT*
1. The U.S. economy added a lower-than-expected 152,000 jobs in May, as per ADP, missing forecasts for a gain of 173,000 (previous was 188,000). 2. This is the lowest number since February 3. The number of job gains for April was revised down from +192,000 to show a gain of +188,000. Key Takeaway: The weak ADP report adds to evidence of a slowing labour market. September rate cut bets will grow stronger as cracks begin to emerge in the economy. Source: www.investing.com
BREAKING: Nvidia stock, $NVDA, officially crosses above $1,200 for the first time in history.
Nvidia now has a market cap of $2.95 TRILLION and is just 3% away from passing Apple, $AAPL, as the largest public company in the world. To put things into perspective: the market cap per employee of Nvidia has hit almost $100,000,000. Source: Bloomberg, HolgerZ
As economic data continues to underwhelm (ISM Manufacturing, JOLTs), the BBG US economic surprise index has plunged to its lowest level in 5 years.
Source: Bloomberg, HolgerZ
NEW: Spot Bitcoin
ETFs bought 12,508 BTC yesterday, while miners only produced 450 BTC.
NVIDIA $NVDA reaches a $3T valuation and overtakes Apple $AAPL as the 2nd largest company globally.
Source: App Economy Insights
Nvidia $NVDA Free cash flow vs share price
Source: Koyfin
