Sun. May 31st, 2026
Trending News: RIAs Expand ETF Holdings as Real Assets Gain Portfolio ShareOpenAI Gives Japanese Banks Access to GPT-5.5 for Cybersecurity DefenseNvidia and Microsoft Poised to Bring Nvidia-Powered Windows PCs to MarketVantage Launches Virtual Card Service as Brokers Push Card-Based Payment Use CasesEU’s Six Biggest Economies Back Centralized Capital Markets Supervision in Push to Deepen Financial IntegrationYieldMax to Liquidate Four Option-Income ETFs as Issuer Prunes Product LineupUAE Real GDP Grows 6.2% as Non-Oil Economy Extends Diversification MomentumLaurentian Bank Posts Q2 Loss as Deal Costs Weigh on Strategic PivotSchwab’s Wealth Advice Expansion Tests Its Relationship With Independent RIAsHuawei Pushes New Chip Architecture Strategy to Work Around U.S. Export ControlsBHP Port Hedland Electrical Workers Threaten Strike, Raising Iron Ore Export RiskVisa Adds Accounts Receivable Automation to Its Commercial Solutions HubUniCredit Builds SRT Capital Relief Into Loan Pricing StrategyAmerican Century Debuts Securitized Credit ETF for Core Bond AllocationsU.S. Core Capital Goods Orders Fall, Testing AI-Led Investment StrengthAsian Paints and IndiGo Among 700-Plus Firms Scheduled to Report Q4 FY26 Results FridayBusiness with a Purpose Makes the Case for a New Kind of CompanyIFP Securities Owner Pitches Advisor-Led Succession Plan for 279-Adviser FirmGoogle Appeals U.S. Search Monopoly Ruling as Antitrust Fight Moves to Higher CourtApollo’s $2 Billion Bodycote Approach Puts UK Take-Private Wave Back in FocusMoonPay Adds Hyperliquid to Gateway for One-Click Fiat-to-Token PurchasesSchroders Seeks China Approval to Transfer Three Funds to Neuberger BermanPacer Adds Bloomberg Tools to Automate High-Volume ETF RebalancesU.S. Manufacturing Activity Hits Four-Year High as Cost Pressures BuildTarget Raises Sales Outlook After Strongest Comparable Growth in YearsWells Fargo Advisors Adds $9.6 Billion in Client Assets From Rival FirmsTexas Sues Meta and WhatsApp Over Encryption Privacy ClaimsHyundai Recalls More Than 421,000 U.S. Vehicles Over Software Brake IssueBank of England Weighs Stablecoin Rule Alternatives After Industry PushbackOCC Issues May Enforcement Actions Including BSA Order Against Community Federal Savings BankYieldMax Group 1 ETF Payouts Put Return-of-Capital Mix Back in FocusUK Retail Sales Post Steepest Drop in Nearly a Year as Fuel Purchases SlideWilliams-Sonoma Reiterates Outlook as First-Quarter Comparable Revenue RisesSamsung Shares Jump After Tentative Union Deal Averts Chip-Supply Strike RiskEasyJet Flags Continued War-Linked Fuel Pressure After First-Half LossUBX Tanzania Extends ACI Worldwide Partnership to Expand Digital Payments CapacitySaba Wins Full Tender Offer at Schroder UK Mid Cap FundGraniteShares Adds Autocallable ETFs Tied to Palantir and RobinhoodFrance PMI Slumps as Services Downturn Raises Recession RiskTJX Lifts Annual Sales and Profit Forecasts as Shoppers Keep Hunting for ValuebQuest Launches Aging-Care Lead Tool as Advisors Look Beyond Portfolio ManagementSberbank Looks to Chinese Chips to Power Russia’s GigaChat AI ModelEU Reaches Deal to Cut U.S. Import Duties and Avert Tariff EscalationQivalis Euro Stablecoin Project Wins Backing From 37 BanksCommerzbank Investors and Staff Push Back Against UniCredit Takeover BidBarclays Warns U.S. Equity Fund Inflow Surge Could Leave Market ExposedUK Inflation Slows to 2.8% as Energy Price Cap Offsets Fuel ShockIridex Affirms 2026 Guidance as Glaucoma Product Sales Offset Retina WeaknessPrivate Wealth Management Association Names New Executive Committee LeadershipMeta Details May 20 Restructuring Plan in Internal DocumentUber Raises Delivery Hero Stake, Becoming German Group’s Biggest ShareholderRaymond James Recruits Denver and Kansas City Advisor Teams With More Than $1 BillionU.S. and China Discuss AI Guardrails for Powerful Models, Bessent SaysGamma Communications Shares Rise as Multiple Takeover Suitors Circle UK Telecom FirmSlice Opens AI-Powered Phygital Banking Branch in GuwahatiAllianzGI and Royal London Hold Gilt Bets as UK Political Risk Rattles Bond MarketGold ETF Demand Shifts Overseas as U.S. Buying CoolsIndia Restricts Silver Imports in Bid to Curb Import Bill and Support RupeeRBC Bearings Guides for Double-Digit Fiscal First-Quarter Sales GrowthSchwab Client Assets Rise to $12.61 Trillion in April Activity UpdateU.S. Clears Nvidia H200 Chip Sales to Chinese Firms but Deliveries Remain StalledBlackstone and CD&R Explore Bids for Ben & Jerry’s Owner Magnumi2c and CoinZoom Partner on Global Crypto-Enabled Debit Card ProgramPolish Lawmakers Adopt Crypto Regulation as Exchange Fraud Probe DeepensETF.com Daily Flow Data Shows ARKK Leading Fresh InflowsJapan Seen Extending Growth Streak as Exports Cushion Pre-War ShockMerck KGaA Raises 2026 Profit View on Stronger Lab-Supplies MomentumRitholtz and Franklin Templeton Launch Porterhouse Equity SMA for Wealth ClientsIBM Adds Managed Red Hat AI Inference and OpenShift Virtualization Services to Cloud PortfolioToyota Seeks Approval for $2 Billion Texas Assembly Line Expansionequipifi Lands $34 Million to Push Bank-Embedded Buy Now, Pay Later Across U.S. Credit UnionsJPMorgan Reshuffles Investment Bank Leadership as Dealmaking Pipeline Rebounds21Shares Launches TKNS as Its First Actively Managed Crypto ETFFed’s Schmid Calls Inflation the Most Pressing Risk to U.S. EconomyCanada Goose Issues Cautious Sales Outlook as Luxury Shopper Demand SoftensLido Advisors Acquires $1 Billion Jackson Hole Capital in Tulsa Wealth PushBroadcom Sues EU Regulators Over Demand for U.S. Legal DocumentsS&P 500 and Nasdaq Close at Records as Chip Stocks Defy Hotter Inflation DataJPMorgan Asset Management Launches Second Tokenized Money Market Fund on EthereumEnvestnet CEO Says AI Is Moving Advisers Toward Predictive Client ActionsPentagon Deploys Anthropic’s Mythos Cyber Model Despite Planned Vendor ShiftIndia Central Bank Chief Signals Readiness to Act if Oil-Driven Inflation PersistsSiemens Profit Misses Forecasts but Order Surge Keeps 2026 Outlook IntactUBS Says Asia-Pacific Heirs Are Turning to Wealth Managers for Succession PlansMeta Loses EU Court Fight Over Payments to Italian News PublisherseBay Rejects GameStop’s $56 Billion Takeover Bid as Not CredibleEmbat Raises €30 Million Series B to Scale AI Treasury Management PlatformStonepeak to Buy BMO Transportation and Vendor Finance in Asset-Based Lending DealState Street’s Four ETF Closures Reach Final Creation DeadlineU.S. April CPI Expected to Hit Fastest Annual Pace Since 2023 as Energy Costs SurgeSiemens Energy Accelerates Buyback After Quarterly Cash Flow SurgeMorningstar and PitchBook Bring Perplexity AI Into Advisor Research WorkflowsCanvas Breach Reaches U.S. Classrooms as Schools Contact Hackers, Source SaysWoodside’s Delayed Browse LNG Project Cost Estimate Rises to $35 BillionIndonesia and China Launch QR Payment Linkage Through Alipay+ and UnionPayHSBC Reviews Lending Policies After $400 Million Fraud Hit Exposes Private-Credit LinkagesDRAM ETF Pulls In $1.1 Billion as AI Memory Trade Drives Daily Fund FlowsBIS Warns Governments Against Broad Fiscal Stimulus as Inflation Risks RisePlains All American Lifts 2026 EBITDA Guidance After First-Quarter Pipeline ResultsWealthy U.S. Homeowners Seek Faster Access to Home Equity in Financial Plans
Wall Street, New York, USA
Sun. May 31st, 2026
Trending News: RIAs Expand ETF Holdings as Real Assets Gain Portfolio ShareOpenAI Gives Japanese Banks Access to GPT-5.5 for Cybersecurity DefenseNvidia and Microsoft Poised to Bring Nvidia-Powered Windows PCs to MarketVantage Launches Virtual Card Service as Brokers Push Card-Based Payment Use CasesEU’s Six Biggest Economies Back Centralized Capital Markets Supervision in Push to Deepen Financial IntegrationYieldMax to Liquidate Four Option-Income ETFs as Issuer Prunes Product LineupUAE Real GDP Grows 6.2% as Non-Oil Economy Extends Diversification MomentumLaurentian Bank Posts Q2 Loss as Deal Costs Weigh on Strategic PivotSchwab’s Wealth Advice Expansion Tests Its Relationship With Independent RIAsHuawei Pushes New Chip Architecture Strategy to Work Around U.S. Export ControlsBHP Port Hedland Electrical Workers Threaten Strike, Raising Iron Ore Export RiskVisa Adds Accounts Receivable Automation to Its Commercial Solutions HubUniCredit Builds SRT Capital Relief Into Loan Pricing StrategyAmerican Century Debuts Securitized Credit ETF for Core Bond AllocationsU.S. Core Capital Goods Orders Fall, Testing AI-Led Investment StrengthAsian Paints and IndiGo Among 700-Plus Firms Scheduled to Report Q4 FY26 Results FridayBusiness with a Purpose Makes the Case for a New Kind of CompanyIFP Securities Owner Pitches Advisor-Led Succession Plan for 279-Adviser FirmGoogle Appeals U.S. Search Monopoly Ruling as Antitrust Fight Moves to Higher CourtApollo’s $2 Billion Bodycote Approach Puts UK Take-Private Wave Back in FocusMoonPay Adds Hyperliquid to Gateway for One-Click Fiat-to-Token PurchasesSchroders Seeks China Approval to Transfer Three Funds to Neuberger BermanPacer Adds Bloomberg Tools to Automate High-Volume ETF RebalancesU.S. Manufacturing Activity Hits Four-Year High as Cost Pressures BuildTarget Raises Sales Outlook After Strongest Comparable Growth in YearsWells Fargo Advisors Adds $9.6 Billion in Client Assets From Rival FirmsTexas Sues Meta and WhatsApp Over Encryption Privacy ClaimsHyundai Recalls More Than 421,000 U.S. Vehicles Over Software Brake IssueBank of England Weighs Stablecoin Rule Alternatives After Industry PushbackOCC Issues May Enforcement Actions Including BSA Order Against Community Federal Savings BankYieldMax Group 1 ETF Payouts Put Return-of-Capital Mix Back in FocusUK Retail Sales Post Steepest Drop in Nearly a Year as Fuel Purchases SlideWilliams-Sonoma Reiterates Outlook as First-Quarter Comparable Revenue RisesSamsung Shares Jump After Tentative Union Deal Averts Chip-Supply Strike RiskEasyJet Flags Continued War-Linked Fuel Pressure After First-Half LossUBX Tanzania Extends ACI Worldwide Partnership to Expand Digital Payments CapacitySaba Wins Full Tender Offer at Schroder UK Mid Cap FundGraniteShares Adds Autocallable ETFs Tied to Palantir and RobinhoodFrance PMI Slumps as Services Downturn Raises Recession RiskTJX Lifts Annual Sales and Profit Forecasts as Shoppers Keep Hunting for ValuebQuest Launches Aging-Care Lead Tool as Advisors Look Beyond Portfolio ManagementSberbank Looks to Chinese Chips to Power Russia’s GigaChat AI ModelEU Reaches Deal to Cut U.S. Import Duties and Avert Tariff EscalationQivalis Euro Stablecoin Project Wins Backing From 37 BanksCommerzbank Investors and Staff Push Back Against UniCredit Takeover BidBarclays Warns U.S. Equity Fund Inflow Surge Could Leave Market ExposedUK Inflation Slows to 2.8% as Energy Price Cap Offsets Fuel ShockIridex Affirms 2026 Guidance as Glaucoma Product Sales Offset Retina WeaknessPrivate Wealth Management Association Names New Executive Committee LeadershipMeta Details May 20 Restructuring Plan in Internal DocumentUber Raises Delivery Hero Stake, Becoming German Group’s Biggest ShareholderRaymond James Recruits Denver and Kansas City Advisor Teams With More Than $1 BillionU.S. and China Discuss AI Guardrails for Powerful Models, Bessent SaysGamma Communications Shares Rise as Multiple Takeover Suitors Circle UK Telecom FirmSlice Opens AI-Powered Phygital Banking Branch in GuwahatiAllianzGI and Royal London Hold Gilt Bets as UK Political Risk Rattles Bond MarketGold ETF Demand Shifts Overseas as U.S. Buying CoolsIndia Restricts Silver Imports in Bid to Curb Import Bill and Support RupeeRBC Bearings Guides for Double-Digit Fiscal First-Quarter Sales GrowthSchwab Client Assets Rise to $12.61 Trillion in April Activity UpdateU.S. Clears Nvidia H200 Chip Sales to Chinese Firms but Deliveries Remain StalledBlackstone and CD&R Explore Bids for Ben & Jerry’s Owner Magnumi2c and CoinZoom Partner on Global Crypto-Enabled Debit Card ProgramPolish Lawmakers Adopt Crypto Regulation as Exchange Fraud Probe DeepensETF.com Daily Flow Data Shows ARKK Leading Fresh InflowsJapan Seen Extending Growth Streak as Exports Cushion Pre-War ShockMerck KGaA Raises 2026 Profit View on Stronger Lab-Supplies MomentumRitholtz and Franklin Templeton Launch Porterhouse Equity SMA for Wealth ClientsIBM Adds Managed Red Hat AI Inference and OpenShift Virtualization Services to Cloud PortfolioToyota Seeks Approval for $2 Billion Texas Assembly Line Expansionequipifi Lands $34 Million to Push Bank-Embedded Buy Now, Pay Later Across U.S. Credit UnionsJPMorgan Reshuffles Investment Bank Leadership as Dealmaking Pipeline Rebounds21Shares Launches TKNS as Its First Actively Managed Crypto ETFFed’s Schmid Calls Inflation the Most Pressing Risk to U.S. EconomyCanada Goose Issues Cautious Sales Outlook as Luxury Shopper Demand SoftensLido Advisors Acquires $1 Billion Jackson Hole Capital in Tulsa Wealth PushBroadcom Sues EU Regulators Over Demand for U.S. Legal DocumentsS&P 500 and Nasdaq Close at Records as Chip Stocks Defy Hotter Inflation DataJPMorgan Asset Management Launches Second Tokenized Money Market Fund on EthereumEnvestnet CEO Says AI Is Moving Advisers Toward Predictive Client ActionsPentagon Deploys Anthropic’s Mythos Cyber Model Despite Planned Vendor ShiftIndia Central Bank Chief Signals Readiness to Act if Oil-Driven Inflation PersistsSiemens Profit Misses Forecasts but Order Surge Keeps 2026 Outlook IntactUBS Says Asia-Pacific Heirs Are Turning to Wealth Managers for Succession PlansMeta Loses EU Court Fight Over Payments to Italian News PublisherseBay Rejects GameStop’s $56 Billion Takeover Bid as Not CredibleEmbat Raises €30 Million Series B to Scale AI Treasury Management PlatformStonepeak to Buy BMO Transportation and Vendor Finance in Asset-Based Lending DealState Street’s Four ETF Closures Reach Final Creation DeadlineU.S. April CPI Expected to Hit Fastest Annual Pace Since 2023 as Energy Costs SurgeSiemens Energy Accelerates Buyback After Quarterly Cash Flow SurgeMorningstar and PitchBook Bring Perplexity AI Into Advisor Research WorkflowsCanvas Breach Reaches U.S. Classrooms as Schools Contact Hackers, Source SaysWoodside’s Delayed Browse LNG Project Cost Estimate Rises to $35 BillionIndonesia and China Launch QR Payment Linkage Through Alipay+ and UnionPayHSBC Reviews Lending Policies After $400 Million Fraud Hit Exposes Private-Credit LinkagesDRAM ETF Pulls In $1.1 Billion as AI Memory Trade Drives Daily Fund FlowsBIS Warns Governments Against Broad Fiscal Stimulus as Inflation Risks RisePlains All American Lifts 2026 EBITDA Guidance After First-Quarter Pipeline ResultsWealthy U.S. Homeowners Seek Faster Access to Home Equity in Financial Plans
Wall Street, New York, USA

All posts by Andrew Ross Sorkin

ETF Street
How gold, bitcoin are moving beyond market hedge and boosting investment income

Gold is reaching record highs while Bitcoin approaches $100,000, attracting investor interest in income-generating ETFs. As equities soar primarily due to mega-cap tech firms, and bond markets falter, investors seek alternatives. Strategies using gold and Bitcoin futures now offer stable income options, merging safety and growth potential in diverse portfolios.

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Economy
Report shows hiring at lowest since 2009 as economists turn to alternative data during shutdown blackout

In September, the U.S. labor market remained stable, with the unemployment rate at 4.34%. Hiring slowed significantly, with only 204,939 new hires announced, a 58% drop from 2024, marking the weakest pace since 2009. Layoff announcements fell by 37%, yet total job cut plans in 2025 are at a concerning high.

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Earnings
Applied Digital stock climbs 16% as AI demand fuels data center growth

Applied Digital’s stock surged 30% after reporting first-quarter results, driven by increased demand for AI data centers. The revenue of $64.2 million exceeded expectations, marking an 84% year-over-year rise. Despite a net loss of $18.5 million, the company is expanding its capacity and is well-positioned for future AI infrastructure growth.

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Wealth
Moncler raises prices on tariffs, may postpone store openings if downturn worsens

Italian luxury brand Moncler is cautiously adjusting to U.S. tariffs and a weakening global economy. They plan moderate price hikes and may delay store openings if conditions worsen. Second-quarter sales fell slightly, driven by weak tourist spending, while revenues missed expectations. The company emphasizes flexibility in pricing and expansion strategy.

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Tech
Govini, a defense tech startup taking on Palantir, hits $100 million in annual recurring revenue

Govini, a defense technology firm, has surpassed $100 million in annual recurring revenue and aims for continued growth, supported by a $150 million investment from Bain Capital. CEO Tara Murphy Dougherty highlights the company’s innovative AI platform, Ark, which enhances the defense supply chain, recognizing challenges posed by geopolitical tensions and competition from China.

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FinTech
Kids are offloading their critical thinking to AI chatbots—here’s how to protect them, experts say

Artificial intelligence, particularly chatbots like ChatGPT, is increasingly used by U.S. teens for homework, raising concerns among parents and educators about its impact on learning and cognition. Experts caution that early exposure to AI may foster cognitive debt and hinder critical thinking skills. Parental monitoring and responsible usage are vital for safeguarding children.

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Finance
Trump’s Fed chair candidates list narrowed down to five by Bessent after interviews, sources say

Treasury Secretary Scott Bessent has shortlisted five candidates for the next Federal Reserve chair, including Michelle Bowman and Christopher Waller. The selection process is ongoing, potentially extending past Thanksgiving. Among them, Rick Rieder is favored for his fresh perspective. This decision could significantly impact Federal Reserve policy and its independence.

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ETF Street
BlackRock sees shift in artificial intelligence trade. Where investors are putting their money now.

BlackRock is witnessing a trend where Big Tech investors increasingly favor AI-specific ETFs like the iShares A.I. Innovation and Tech Active ETF (BAI), which has gained 36% since its launch. Jacobs highlights growing interest in blockchain and cryptocurrency investments, spurred by regulatory changes, with enthusiasm for ethereum and related ETFs remaining strong.

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Economy
For first-time job hunters, a college degree isn’t unlocking the opportunities it once did, data shows

Recent graduates, like Christina Salvadore, are struggling to find jobs despite degrees and internships, facing the highest unemployment rates for their age group in years. The job market is increasingly unwelcoming, with more graduates than available roles. This situation is exacerbated by economic challenges and evolving job landscapes, leaving many feeling discouraged and anxious.

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Earnings
Nike posts surprise sales growth, but warns of sluggish holiday season and bigger than expected tariff hit

Nike shows early signs of progress in its turnaround plan with a modest sales growth in the fiscal first quarter, but cautions that holiday sales may decline. Tariff costs and falling revenue in key markets pose ongoing challenges. CEO Elliott Hill emphasizes innovation and restructuring for future growth, despite current pressures.

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Other Story

Wealth

RIAs Expand ETF Holdings as Real Assets Gain Portfolio Share

RIAs Expand ETF Holdings as Real Assets Gain Portfolio Share
Tech

OpenAI Gives Japanese Banks Access to GPT-5.5 for Cybersecurity Defense

OpenAI Gives Japanese Banks Access to GPT-5.5 for Cybersecurity Defense
General

Nvidia and Microsoft Poised to Bring Nvidia-Powered Windows PCs to Market

Nvidia and Microsoft Poised to Bring Nvidia-Powered Windows PCs to Market
FinTech

Vantage Launches Virtual Card Service as Brokers Push Card-Based Payment Use Cases

Vantage Launches Virtual Card Service as Brokers Push Card-Based Payment Use Cases
Finance

EU’s Six Biggest Economies Back Centralized Capital Markets Supervision in Push to Deepen Financial Integration

EU’s Six Biggest Economies Back Centralized Capital Markets Supervision in Push to Deepen Financial Integration
ETF Street

YieldMax to Liquidate Four Option-Income ETFs as Issuer Prunes Product Lineup

YieldMax to Liquidate Four Option-Income ETFs as Issuer Prunes Product Lineup