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New York Fed Research Links Remote Work to Rising Youth Unemployment

06/01/2026, 08:33 AM business research

Research from the Federal Reserve Bank of New York indicates that the rise in remote work is significantly contributing to increased youth unemployment, particularly among recent college graduates. This trend raises concerns about the long-term career impacts on young workers.

Analysts Barclays initiate coverage of IBM (IBM) with overweight rating and $350 target price, citing quantum computing potential

06/01/2026, 08:33 AM investing rating_growth Analysts: analysts, Barclays ai IBM

Barclays has initiated coverage of IBM with an overweight rating, highlighting the company's significant investment in quantum computing, which could lead to substantial stock gains for investors.

Marco Rubio’s Odds for GOP 2028 Nominee Rise as JD Vance’s Chances Decline

06/01/2026, 08:33 AM business forecast

Traders are increasingly favoring Secretary of State Marco Rubio as the potential GOP nominee for the 2028 presidential election, with his odds rising significantly amid recent military conflicts, while Vice President JD Vance's chances have declined.

Kalshi Aims for Institutional Adoption Following Record Growth in Retail Trading

06/01/2026, 08:33 AM growth finance

Kalshi, the largest prediction market platform in the U.S., has seen a remarkable increase in trading volume, processing over $17 billion in May, driven primarily by retail traders. The company is now shifting its focus towards institutional adoption, aiming to attract Wall Street by enhancing its infrastructure and partnerships.

OpenAI Advances Development of Michigan Data Center on 250 Acres in Saline Township

06/01/2026, 07:31 AM economy announcement

The Stargate project in Michigan, developed by Related Digital, is set to establish a significant data center on 250 acres, which could enhance the region's tech infrastructure and attract further investment.

Strategy (MSTR) Shares Decline Following $2.5 Million Bitcoin Sale Amid Market Uncertainty

06/01/2026, 07:31 AM economy stock_drop finance MicroStrategy

Michael Saylor's Strategy sold $2.5 million worth of bitcoin, marking a significant shift in its approach to cryptocurrency management amid ongoing market volatility. This decision has led to a decline in the company's stock price and highlights a strategic pivot from a 'never sell' philosophy to a more active balance sheet management.

Barry Diller’s People Inc. Plans $18 Billion Bid for MGM Resorts

06/01/2026, 06:31 AM business announcement MGM IAC

Barry Diller's People Inc. is preparing to make a significant bid for MGM Resorts, valuing the casino operator at over $18 billion, which could have major implications for both companies and the broader gaming sector.

Softbank CEO Masayoshi Son Identifies Physical AI and Robotics as Next Trillion-Dollar Opportunity

06/01/2026, 06:31 AM growth ai

Softbank CEO Masayoshi Son emphasizes the potential of physical AI and robotics as the next major investment opportunity, highlighting a significant $87 billion commitment to AI infrastructure in France. This strategic focus positions Softbank as a leader in the evolving AI landscape, which Son believes could surpass the dot-com boom in scale and longevity.

Analysts Citi forecast copper prices to reach $15,000 per ton within a year amid tariff uncertainty and demand growth

06/01/2026, 06:31 AM forecast Analysts: analysts, Citi materials energy

Citi has shifted to a bullish outlook on copper, predicting prices could reach $15,000 per metric ton within a year, driven by tariff uncertainties and expectations of increased demand linked to economic growth and energy transition.

Analysts Bank of America warn of potential market vulnerability as S&P 500 records narrow gains driven by AI stocks

06/01/2026, 05:33 AM research Analysts: analysts, Bank of America ai semiconductors Advanced Micro Devices Micron Technology Samsung

The S&P 500 reached a record close at the end of May, but only a small number of stocks, primarily in the AI sector, achieved all-time highs, raising concerns about the market's narrow breadth and potential vulnerability.

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