President Donald Trump said on Friday that he is considering taking a government stake in leading artificial intelligence companies.
The suggestion follows previous deals in which the Trump administ… [+160 chars]

Industry leaders will soon gather at the White House to discuss the idea, the president said. The comments come as SpaceX, Anthropic and OpenAI prepare to go public.

The Washington Post

Trump says he’s considering government stake in top AI companies - The Washington Post

Zoom in: The Nasdaq plummeted 4.2% Friday, its worst session in 14 months, after a stronger-than-expected May jobs report triggered the jump in yields which would make it more expensive for AI compan… [+1743 chars]

Tech stocks plunged Friday amid rising bond yields, dragging down the Nasdaq in its worst session in 14 months.

Axios

Chips sector bloodbath drags Nasdaq down 4.2% - Axios

HONG KONG (AP) Chinese-made humanoid robots are making waves with their ability to do backflips, direct traffic, and even make coffee as the companies developing them seek ways to expand and dominate… [+7583 chars]

Chinese humanoid robots are making waves with their ability to do backflips, direct traffic and even make coffee. As such robots become more advanced, Chinese companies are looking for ways to profit from them. The government helped support their development,…

Associated Press

China can build humanoids at scale. The hard part is finding enough buyers - AP News

Daily Update
Latest News
Latest Audio
Latest YouTube Video
This Weeks Wrestling Observer Newsletter
Among the topics covered:
<ul><li>Mexico City becomes the battleground of wrestling in Septem… [+10501 chars]

Latest News Latest Audio Latest YouTube Video This Week’s Wrestling Observer Newsletter Among the topics covered: This Week’s Back Issue FIRST TIME SUBSCRIBERS GET 50% OFF YOUR FIRST MONTH — Garrett…

Figure Four Online

Daily Update: WWE shareholder lawsuit trial removed from schedule, must-see match from Mexico - F4W/WON

Anthropic wants the world's leading AI labs to come together to consider a potential pause of leading global AI development.
"We believe it would be good for the world to have the option to slow or … [+6938 chars]

"We believe it would be good for the world to have the option to slow or temporarily pause," two leading Anthropic officials wrote.

Business Insider

What smart people are saying about Anthropic suggesting a global AI pause - Business Insider

WASHINGTON (AP) The Energy Department says a small nuclear reactor under development at a national lab has reached a crucial milestone that could allow it to produce electricity within a few years.
… [+4757 chars]

The milestone occurs when a nuclear reactor achieves a self-sustaining chain reaction capable of producing a steady release of energy.

Energy Department says advanced nuclear reactor first to reach critical milestone - PBS

Theme park giants like Disney and Universal can withstand periodic drops in visitor numbers, but a bad season can spell doom for a smaller theme park.
After posting a loss of more than $1.2 billion … [+2839 chars]

Financial problems have led to the choice to close down after one final season.

TheStreet

50-year-old theme park to close forever after summer season - thestreet.com

(Bloomberg) -- Mega-IPO candidates including SpaceX are expected to face a long road to entry to the S&amp;P 500 Index, after the company that makes the rules rejected a proposal that included relaxi… [+4741 chars]

(Bloomberg) -- Mega-IPO candidates including SpaceX are expected to face a long road to entry to the S&P 500 Index, after the company that makes the rules...

Yahoo Entertainment

SpaceX and Other Mega IPOs May Wait Years to Join the S&P 500 - Yahoo Finance

StockstumbledFriday as the artificial-intelligence rally continued to come under pressure. A blowoutU.S. jobs reportfor May also had Wall Street even more concerned about a potential Federal Reserve … [+128 chars]

Broadcom, Micron, and Nvidia stocks fall as investors slam the brakes on the AI rally.

Barron's

Broadcom, Quantinuum, Strategy, FedEx Freight, and More Stocks That Explain Today’s Market - Barron's

News broke this week that the National Security Agency (NSA) is using Anthropic’s Mythos AI model for offensive cyber operations, likely against China and Iran. It makes a lot of sense, given the rep… [+4498 chars]

Does the U.S. government need Anthropic more than it's willing to admit?

Gizmodo.com

It Sure Seems Like Pete Hegseth Is Losing His War Against Anthropic - Gizmodo

By Noel Randewich
June 5 (Reuters) - U.S.-traded chipmakers plunged on Friday, losing over $1 trillion in market value, with deep losses in AI heavy hitters including Nvidia, Micron Technology and A… [+1629 chars]

U.S.-traded chipmakers plunged on Friday, losing over $1 trillion in market value, with deep losses in ‌AI heavy hitters including Nvidia, Micron Technology...

Chip selloff erases over $1 trillion in stock market value - Yahoo Finance

The Wall Street Journal

Miami-Dade Mayor to Use Eminent Domain to Seize Fisher Island Property - WSJ

Gold erased its gains this year as robust US jobs data fueled bets that the Federal Reserve will likely raise interest rates this year, a headwind for the precious metal.
Bullion declined as much as… [+365 chars]

Gold erased its gains this year as robust US jobs data fueled bets that the Federal Reserve will likely raise interest rates this year, a headwind for the precious metal.

Bloomberg

Gold Erases This Year’s Gains as Jobs Data Fuel Fed-Hike Bets - Bloomberg.com

New Chairman of the Federal Reserve Kevin Warsh arrives during a swearing in ceremony in the East Room of the White House in Washington, DC on May 22, 2026. 
Another big jobs report in May has prett… [+6967 chars]

Another big jobs report in May has swept aside the possibility of interest rate cuts anytime soon.

CNBC

Hot jobs report puts Fed cuts further out of reach as Chair Warsh faces policy tests - CNBC

U.S. homebuyers cant get a break.The 30-year mortgage rate has been stuck at recent highs well above 6% and now averages 6.48%, according to the data released on June 4, 2026, by Freddie Mac, which b… [+6115 chars]

Trump's tax-and-immigration megabill is forcing Treasury to flood bond markets with new debt, pushing 10-year yields higher. Not good for your mortgage.