economy

Senator Elizabeth Warren Invites Nvidia CEO Jensen Huang to Senate Hearing on AI Chip Sales to China

06/04/2026, 10:31 PM economy announcement ai tech Nvidia

Nvidia CEO Jensen Huang is set to testify before the Senate Banking Committee regarding the company's sales in China and its implications for U.S. national security, reflecting growing scrutiny over the use of advanced AI chips.

Honeywell’s Quantum Computing Division Goes Public: Key Insights for Investors

06/04/2026, 09:31 PM economy announcement Honeywell

Honeywell's quantum computing subsidiary has officially gone public, marking a significant milestone in the tech sector that could attract investor interest in emerging technologies.

May Jobs Report Expected to Show Slower Job Growth Amid Economic Caution

06/04/2026, 08:31 PM economy forecast

The upcoming May jobs report is expected to show a significant slowdown in job creation, with economists predicting only 80,000 new jobs added, which could impact Federal Reserve policy decisions regarding interest rates.

Ramp Achieves $44 Billion Valuation Following $750 Million Funding Round Amid Rising AI Spending Concerns

06/04/2026, 07:31 PM economy announcement software

Ramp's recent $750 million funding round, which boosted its valuation to $44 billion, highlights the growing demand for tools to manage rising artificial intelligence spending among corporate clients. This trend underscores the importance of efficient AI expenditure management as companies navigate their budgets amidst increasing costs.

Bitcoin Faces Significant Downturn as Market Narrative Weakens and Liquidity Shifts

06/04/2026, 06:31 PM economy decline finance

Bitcoin is experiencing significant downward pressure, with a 13% decline this week, as liquidity shifts to other assets and investor confidence wanes amid a lack of new catalysts.

Quantinuum Opens Trading at $68 per Share Following $1.68 Billion IPO

06/04/2026, 06:31 PM economy announcement software JPMorgan Chase Honeywell Amgen

Quantinuum's IPO raised $1.68 billion, pricing shares at $60 each, and opening at $68, reflecting strong investor interest in quantum computing despite the company's recent financial losses.

Long-Term Unemployment in the U.S. Surges, Raising Concerns About Economic Health

06/04/2026, 04:31 PM economy research

The surge in long-term unemployment in the U.S., now affecting over 1.8 million Americans, poses significant risks to both individual financial stability and the broader economy, as it may lead to reduced consumer spending and long-lasting psychological effects.

Analysts maintain bullish outlook on CrowdStrike (CRWD), Broadcom (AVGO), and Palo Alto Networks (PANW) despite recent sell-offs

06/04/2026, 04:31 PM economy review Analysts: analysts CrowdStrike Palo Alto Networks Broadcom

Despite recent declines in the stocks of CrowdStrike, Broadcom, and Palo Alto Networks following their earnings reports, analysts remain optimistic about their long-term potential, emphasizing that these sell-offs are not indicative of deteriorating fundamentals.

AI Startup Supabase Achieves $10.5 Billion Valuation After $500 Million Funding Round

06/04/2026, 04:31 PM economy fundraising ai software

Supabase has raised $500 million at a valuation of $10.5 billion, reflecting strong investor interest in AI infrastructure as the demand for backend tools for AI applications surges.

Jim Cramer Suggests Trimming Goldman Sachs (GS) and Wells Fargo (WFC) Positions for Different Reasons

06/04/2026, 04:31 PM economy review finance Goldman Sachs Asset Management CrowdStrike Wells Fargo Johnson & Johnson Eli Lilly

Investors are witnessing a sector rotation from AI hardware to healthcare and financials, with notable movements in stocks like Goldman Sachs and CrowdStrike, indicating shifting market dynamics.