Bitcoin cracks $60,000, sinking to lowest level since October 2024
The weeklong sell-off was exacerbated after a stronger-than-expected May jobs report Friday sent yields higher and pressured risk assets.

The weeklong sell-off was exacerbated after a stronger-than-expected May jobs report Friday sent yields higher and pressured risk assets.
OpenAI CEO Sam Altman first shared the idea with the Trump administration in 2025, according to a source.
Another big jobs report in May has swept aside the possibility of interest rate cuts anytime soon.
Alphabet expects capex to reach up to $190 billion this year, double last year's spending, and the company is turning to investors to help fund its expansion.
Flows around Strategy (MSTR) and the company's variable-rate preferred stock STRC are turning bearish this week.
President Trump's comments are sure to roil members of Congress who criticized the appointment of Bill Pulte as acting national intelligence director.
Rep. Bryan Steil, R-Wisc., is working on a bill to ban Congress members and their staff from certain bets on prediction markets such as Kalshi and Polymarket.
Apple heads into WWDC with Tim Cook’s AI legacy, Siri’s future as an agentic platform, and the stock’s rich valuation all on the line.
After a glioblastoma diagnosis, value investor Guy Spier rethought wealth, time and legacy — and the impact he can have on rare disease research.
President Obama's library will cost $30 to visit, making it the most expensive presidential museum or library in modern history.
Companies are shifting from running everything on the most powerful AI model to matching each task to the right one, a practice called model routing.
The new 737 Max final assembly line in Everett, Washington, will serve as a catalyst for increasing Max production to 52 jets per month.
Lululemon is expecting its situation to get a lot worse before it gets better, as it issued weak guidance for the full year.
Gold is at a technically precarious juncture, and the good news for you is that options market may be mispricing the risk.
Traders bought about 5,300 calls in the State Street Health Care Select Sector SPDR ETF (XLV) on Thursday, compared to just over 1,000 puts, according to data from ThinkOrSwim.
When it comes to Apple and what investors in the stock at these levels care about, it is all about Apple Intelligence
Following an unexpectedly hot jobs report, prediction market traders see a 52% chance the Federal Reserve increases interest rates this year.
SoftBank CEO Masayoshi Son said his forecast of artificial superintelligence arriving in 10 years was "conservative" and thinks it will be here sooner.
"Our experience of robots is that it's actually driven up employment rather than the reverse," Amazon executive John Boumphrey told CNBC.
Reid Hoffman was one of OpenAI's first donors, and he left its board in 2023 as the nonprofit cozied up with Microsoft.
Sunday's Tony Awards follow a record-breaking season on Broadway. The awards often lead to further ticket sales for winning shows.
Trump Accounts, along with 529 plans, custodial accounts for minors and Roth IRAs, are all valuable options depending on the child's needs and long-term goals.
While AI startups dominate deal-making news, investment firms of the ultra-rich are still keen on sports.
Tim Urbanowicz, chief investment strategist at Innovator from Goldman Sachs Asset Management, tackles the AI boom.