{"ok":true,"items":[{"id":2081,"title":"Marvell gets a spot in the S&P 500 — along with this data-center play","url":"https://www.marketwatch.com/story/an-s-p-500-shakeup-is-hours-away-these-stocks-could-soon-earn-spots-in-the-index-a9b64d67?mod=mw_rss_topstories","published_at":"2026-06-05T21:27:00Z","summary":"The new additions beef up the IT sector’s presence within the benchmark index.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"MarketWatch Top Stories","tags":["IT"]},{"id":2082,"title":"First Google, now Meta? Big Tech may increasingly sell stock to bankroll $820 billion AI boom.","url":"https://www.marketwatch.com/story/first-google-then-meta-big-tech-may-increasingly-sell-stock-to-bankroll-820-billion-ai-boom-83c69030?mod=mw_rss_topstories","published_at":"2026-06-05T21:15:00Z","summary":"Stock investors may not love it — but bond investors already heavily engaged in funding the AI buildout are pleased.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"MarketWatch Top Stories","tags":["AI"]},{"id":2083,"title":"These stocks fell the most Friday as Big Tech took a dive","url":"https://www.marketwatch.com/story/these-stocks-fell-the-most-friday-as-big-tech-took-a-dive-bf692616?mod=mw_rss_topstories","published_at":"2026-06-05T21:10:00Z","summary":"Chip makers dominated the list of the day’s biggest losers among the S&P 500.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"MarketWatch Top Stories","tags":[]},{"id":2036,"title":"US Senator Warren prods prediction markets regulator over bias, interference reports","url":"https://www.investing.com/news/stock-market-news/us-senator-warren-prods-prediction-markets-regulator-over-bias-interference-reports-4729288","published_at":"2026-06-05T21:07:11Z","summary":null,"ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"Investing.com (News)","tags":["US"]},{"id":2084,"title":"Marvell, Micron shares tumble as the chip sector suffers its worst day in 6 years","url":"https://www.marketwatch.com/story/marvell-micron-shares-tumble-as-the-chip-sector-suffers-its-worst-day-in-6-years-a7c1701a?mod=mw_rss_topstories","published_at":"2026-06-05T21:03:00Z","summary":"Investors are cooling on momentum stocks and considering the implications of a strong jobs report.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"MarketWatch Top Stories","tags":[]},{"id":2037,"title":"US says it will speed development and use of AI for national security","url":"https://www.investing.com/news/stock-market-news/us-says-it-will-speed-development-and-use-of-ai-for-national-security-4729145","published_at":"2026-06-05T21:00:32Z","summary":null,"ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"Investing.com (News)","tags":["AI","US"]},{"id":2006,"title":"Travala lets AI agents book hotels with USDC on Base","url":"https://cointelegraph.com/news/travala-ai-agents-book-hotels-usdc-base?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound","published_at":"2026-06-05T20:55:27Z","summary":"Travala’s new protocol lets AI agents search and book hotels with USDC on Base, but travelers still approve the final payment.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"CoinTelegraph","tags":["AI","USD","USDC"]},{"id":2085,"title":"The hiring recession is over — but landing a new role is much harder than it looks","url":"https://www.marketwatch.com/story/the-hiring-recession-is-over-but-landing-a-new-role-is-much-harder-than-it-looks-8f7d9608?mod=mw_rss_topstories","published_at":"2026-06-05T20:53:00Z","summary":"The May jobs report blew past forecasts. Why is it taking six months to find a new job?","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"MarketWatch Top Stories","tags":[]},{"id":2038,"title":"Blockbuster SpaceX IPO set to test high-flying US stocks rally","url":"https://www.investing.com/news/stock-market-news/blockbuster-spacex-ipo-set-to-test-highflying-us-stocks-rally-4728167","published_at":"2026-06-05T20:48:53Z","summary":null,"ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"Investing.com (News)","tags":["US","IPO"]},{"id":2039,"title":"Hot jobs report, rising rates send Wall Street’s tech favorites sprawling","url":"https://www.investing.com/news/stock-market-news/hot-jobs-report-rising-rates-send-wall-streets-tech-favorites-sprawling-4729227","published_at":"2026-06-05T20:48:33Z","summary":null,"ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"Investing.com (News)","tags":[]},{"id":2040,"title":"S&P upgrades Legence Holdings rating on reduced ownership","url":"https://www.investing.com/news/stock-market-news/sp-upgrades-legence-holdings-rating-on-reduced-ownership-93CH-4729236","published_at":"2026-06-05T20:47:45Z","summary":null,"ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"Investing.com (News)","tags":[]},{"id":2041,"title":"Saks Global wins court approval for bankruptcy restructuring","url":"https://www.investing.com/news/stock-market-news/saks-global-wins-court-approval-for-bankruptcy-restructuring-4728991","published_at":"2026-06-05T20:43:46Z","summary":null,"ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"Investing.com (News)","tags":[]},{"id":2042,"title":"US states preparing lawsuit to block Paramount’s acquisition of Warner Bros, sources say","url":"https://www.investing.com/news/stock-market-news/us-states-are-preparing-a-lawsuit-to-block-paramounts-acquisition-of-warner-bros-4728992","published_at":"2026-06-05T20:43:27Z","summary":null,"ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"Investing.com (News)","tags":["US"]},{"id":2007,"title":"Crypto tax proposals weighed ahead of Tuesday House hearing","url":"https://cointelegraph.com/news/crypto-tax-bills-house-ways-means-hearing?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound","published_at":"2026-06-05T20:41:38Z","summary":"Among the issues US lawmakers are expected to discuss in a digital asset taxation hearing are “de minimis” reporting exceptions for crypto transactions.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"CoinTelegraph","tags":["US"]},{"id":2056,"title":"US stocks close sharply lower. The NASDAQ index has it worse trading day since April 2025","url":"https://investinglive.com/stock-market-update/us-stocks-close-sharply-lower-the-nasdaq-index-has-it-worse-trading-day-since-april-2025-20260605/","published_at":"2026-06-05T20:40:54Z","summary":"The NASDAQ led the selloff on Friday, tumbling 4.18%, with losses reaching nearly 4.5% at the session lows. The S&P 500 declined 2.65%, after being down as much as 3.0%, while the Dow Jones Industrial Average fell 1.35%.The catalyst was a sharp rise in Treasury yields following a stronger-than-expected U.S. employment report. Nonfarm payrolls increased by 172,000 in May, well above the 85,000 estimate, while revisions added a net 93,000 jobs to prior months. The stronger labor market data reinforced concerns that the Federal Reserve may have less urgency to cut interest rates, sending the 2-year Treasury yield up 11.3 basis points and the 10-year yield up 6.7 basis points.Stocks never found their footing following the jobs report and instead spent the day grinding steadily lower. Selling pressure intensified later in the session after reports surfaced that Meta was considering an equity offering to help finance its massive AI infrastructure buildout. The news followed Alphabet's $85 billion equity raise earlier this week, raising concerns that technology giants are increasingly turning to stock issuance rather than relying solely on cash flow or debt financing to fund their AI ambitions.The market was arguably vulnerable to a pullback. Prior to this week's decline, the S&P 500 had rallied for nine consecutive weeks, while the NASDAQ had posted only one negative week during that stretch, slipping a mere 0.08%. From its March low to its recent record high, the S&P 500 surged 20.64%, while the NASDAQ advanced an impressive 31.42%.Even after this week's declines of 2.65% for the S&P 500 and 4.18% for the NASDAQ, many of the market's biggest winners remain up dramatically in 2026. The AI and semiconductor sectors, in particular, have produced extraordinary gains. While several high-flying stocks fell more than 10% on Friday alone, many remain up more than 117% year-to-date, with SanDisk still ahead by an eye-popping 556.42%.Those types of gains have all the hallmarks of a speculative boom. As a result, Friday's sharp reversal may reflect more than just concerns over higher interest rates—it may also signal that investors are beginning to lock in profits after one of the strongest runs seen in years.Comparing those stocks to the Magnificent 7, the run-up is even more pronounced, with four of the magnificent 7 stocks higher on the year (with Alphabet leading at 17.74%). Shares of Microsoft are down -13.84%, Tesla is down 13.06%, and Meta is down -10.16%. That does not compare to the three digit gains seen in the stocks above. Things are starting to feel a bit out of balance, and today's sharp decline in stocks reflects that growing unease. The war in the Middle East continues, oil prices remain elevated even after today's pullback, inflation pressures are proving stubborn, and a stronger-than-expected economy is pushing Treasury yields higher. Against that backdrop, a stock market that had become increasingly stretched after months of gains was vulnerable to a correction.The political backdrop adds another layer of complexity. President Trump has made it clear that he does not like falling stock prices, nor does he welcome higher gasoline and energy costs. With the midterm elections approaching in November, economic and market performance will remain under intense scrutiny.The challenge for policymakers is that their options are becoming more constrained. Inflation expectations are beginning to creep higher, making it more difficult to pursue aggressively stimulative policies without risking another inflation wave. During Trump's first term, the COVID crisis ultimately opened the door to unprecedented fiscal and monetary support. Today, the environment is very different. Economic growth remains solid, employment is healthy, and inflation risks have not fully disappeared. As a result, the policy playbook is much narrower, leaving Washington with fewer easy solutions if growth begins to slow while inflation remains elevated.President Trump can point to the repair and refilling of the Reflecting Pool, the restoration of Washington's iconic fountains, the new ballroom project, and even the planned MMA stadium as visible accomplishments -for some. But for many Americans, the stock market has been the most tangible measure of economic success and you can only tout those things for so long. They are nice but not everyone vacations in Washington DC (although it is nice), and tourism from overseas is also down. Until recently, soaring equity prices gave the White House something to celebrate. However, if the market's cracks today begin to widen into a more sustained correction, that source of confidence could quickly disappear. Rising interest rates, elevated energy prices, and growing concerns about inflation are already creating headwinds. If stocks continue to unravel, the mood in Washington could shift from confidence to intense concern in a hurry.For an administration that has often pointed to market gains as evidence that its policies are working, a prolonged downturn would remove one of its strongest talking points and raise pressure on policymakers to find answers in an increasingly challenging economic environment. This article was written by Greg Michalowski at investinglive.com.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"ForexLive","tags":["OIL","AI","ETH","US","COVID","NASDAQ","FED","PPI","MMA","DC"]},{"id":2043,"title":"Munster sees Apple stock rerating from WWDC Siri reveal","url":"https://www.investing.com/news/stock-market-news/munster-sees-apple-stock-rerating-from-wwdc-siri-reveal-93CH-4729219","published_at":"2026-06-05T20:37:21Z","summary":null,"ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"Investing.com (News)","tags":["WWDC"]},{"id":2044,"title":"Wall Street ends sharply lower as chips slide, jobs data fuels rate hike fears","url":"https://www.investing.com/news/stock-market-news/nasdaq-sp-futures-slip-as-semiconductors-drag-payrolls-in-focus-4728127","published_at":"2026-06-05T20:36:51Z","summary":null,"ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"Investing.com (News)","tags":[]},{"id":2045,"title":"U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.35%","url":"https://www.investing.com/news/stock-market-news/us-stocks-lower-at-close-of-trade-dow-jones-industrial-average-down-135-4729201","published_at":"2026-06-05T20:31:00Z","summary":null,"ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"Investing.com (News)","tags":[]},{"id":2086,"title":"For the first time ever, an S&P 500 ETF has over $1 trillion in assets. Here’s why that should worry you.","url":"https://www.marketwatch.com/story/for-the-first-time-ever-an-s-p-500-etf-has-over-1-trillion-in-assets-heres-why-that-should-worry-you-d3ee21ad?mod=mw_rss_topstories","published_at":"2026-06-05T19:59:00Z","summary":"Welcome to the age of trillions.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"MarketWatch Top Stories","tags":["ETF"]},{"id":2046,"title":"House panel proposes new tax rules for digital assets","url":"https://www.investing.com/news/cryptocurrency-news/house-panel-proposes-new-tax-rules-for-digital-assets-93CH-4729108","published_at":"2026-06-05T19:45:08Z","summary":null,"ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"Investing.com (Crypto)","tags":[]},{"id":2087,"title":"This hot new financial product has Wall Street spooked. What you should know before trying it out.","url":"https://www.marketwatch.com/story/this-hot-new-financial-product-has-wall-street-spooked-what-you-should-know-before-trying-it-out-d73c6864?mod=mw_rss_topstories","published_at":"2026-06-05T19:40:00Z","summary":"Perpetual futures have finally arrived in the U.S. Not everyone is thrilled.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"MarketWatch Top Stories","tags":[]},{"id":2088,"title":"How this traveler booked a $16,000 first-class Emirates flight for $400 — and you can, too","url":"https://www.marketwatch.com/story/this-credit-card-pointsmaxxer-booked-a-16-000-first-class-emirates-flight-for-400-and-you-can-too-46f99294?mod=mw_rss_topstories","published_at":"2026-06-05T19:30:00Z","summary":"It’s trickier to find good deals with airline miles, but it’s still possible to get “insane value.”","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"MarketWatch Top Stories","tags":[]},{"id":2008,"title":"Bitcoin bears face $2.6B trap as BTC funding rate drops: Is a short squeeze brewing?","url":"https://cointelegraph.com/markets/bitcoin-bears-face-26b-trap-as-btc-funding-rate-drops-is-a-short-squeeze-brewing?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound","published_at":"2026-06-05T19:28:53Z","summary":"Bitcoin bears piled into short positions as BTC price slid to $60,000. Will the $2.6 billion in short leverage lead to an upside squeeze?","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"CoinTelegraph","tags":["BTC"]},{"id":1981,"title":"Why diehard bitcoin purists aren’t sweating the massive price crash that wiped out $200 billion","url":"https://www.coindesk.com/markets/2026/06/05/why-diehard-bitcoin-purists-aren-t-sweating-the-massive-price-crash-that-wiped-out-usd200-billion","published_at":"2026-06-05T19:27:20Z","summary":"Mati Greenspan, Michael Saylor and Jameson Lopp blamed the AI boom for draining capital from bitcoin. Meanwhile, Jack Mallers refrained from sharing an outlook but recommended buying the dip.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"CoinDesk","tags":["AI"]},{"id":2057,"title":"NASDAQ on pace for its worst day day since April 10, 2025","url":"https://investinglive.com/stocks/nasdaq-on-pace-for-its-worst-day-day-since-april-10-2025-20260605/","published_at":"2026-06-05T19:00:49Z","summary":"The NASDAQ is now down more than 1,000 points, or -3.84%, at 25,801, with the session low reaching 25,753.93. Selling pressure accelerated following reports that Microsoft may look to tap the equity markets to help fund its expanding AI infrastructure investments, a development that has weighed on both the stock and the broader technology sector.From a technical perspective, the decline has pushed the index below both its 100-hour and 200-hour moving averages, increasing the bearish bias in the short term. The next key support target comes at the 50% retracement of the rally from the April 21 consolidation low, which is located at 25,694.60. That level is reinforced by a cluster of swing highs and swing lows dating back to early May, making it an important battleground for buyers and sellers.A decisive break below 25,694.60 would weaken the technical outlook further and could open the door for an extension of the downside momentum. The technical deterioration is occurring alongside a more challenging fundamental backdrop, including rising Treasury yields, higher energy prices, and renewed concerns about inflation. In addition, increasing commodity costs could raise the price tag of the ongoing AI infrastructure buildout, adding another potential headwind for technology companies already facing elevated capital spending requirements.Looking at some of losers today, there are number of companies with declines of over 10% This article was written by Greg Michalowski at investinglive.com.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"ForexLive","tags":["AI","NASDAQ"]},{"id":2089,"title":"Nearly half of workers 55 and older don’t plan on using AI in their jobs. How to make it work for you.","url":"https://www.marketwatch.com/story/nearly-half-of-workers-55-and-older-dont-plan-on-using-ai-in-their-jobs-how-to-make-it-work-for-you-07638c61?mod=mw_rss_topstories","published_at":"2026-06-05T18:41:00Z","summary":"Workers can learn more about applying AI to their jobs even on social-media platforms, such as YouTube and TikTok, one career coach said.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"MarketWatch Top Stories","tags":["AI"]},{"id":2058,"title":"Meta is considering raising tens of billion dollars in a stock offering","url":"https://investinglive.com/stocks/meta-is-considering-raising-tens-of-billion-dollars-in-a-stock-offering-20260605/","published_at":"2026-06-05T18:38:51Z","summary":"Coming off the back of Google's record $85 billion equity share sale this week, Meta is now considering raising tens of billions of dollars in the equity markets as it looks to expand its move into AIThe stock has moved from $610 to a new low of the day of $581.58. The price currently trades at $586.56 down $41 or -6.56%. Shares are down -11.04% in 2026 after rising by a modest 12.74% last year (relatively speaking. The NASDAQ rose by 20%).A few additional points:Meta generates enormous cash flow from Facebook, Instagram, WhatsApp, and advertising operations, so it is not relying solely on existing cash balances. The company is in the middle of a massive AI spending cycle, with 2026 capital expenditures projected at $125–145 billion. The Google deal is just one piece of that broader AI infrastructure buildout.As of their most recent quarter (Q1 2026, ending March 31), here's the breakdown:Cash & cash equivalents: $23.4 billionMarketable securities: $57.8 billionTotal cash + securities: $81.18 billion The \"true\" liquid war chest is that combined $81 billion figure, since the marketable securities (mostly short-term bonds and similar instruments) are nearly as accessible as cash.A few other notable numbers from Q1 2026: Meta generated $32.2 billion in operating cash flow and $12.4 billion in free cash flow in the quarter alone, and paid $1.35 billion in dividends. So they're producing cash very rapidly even while spending heavily — management now guides 2026 capital expenditures to $125–145 billion, mostly for AI infrastructure.Fingers crossed it works (this time)Remember the Metaverse?The this time refers to the head first dive into the metaverse pool (remember Meta used to be Facebook?). By all accounting, the metaverse has been a massive failure — but with some interesting wrinkles worth knowing.The spending: Reality Labs, Meta's division for VR and AR, recorded cumulative operating losses of about $83.6 billion from 2020 through 2025. Year by year: 2020 ($6.6B), 2021 ($10.2B), 2022 ($13.7B), 2023 ($16.1B), 2024 ($17.7B), and 2025 ($19.2B) — with losses growing every single year. In Q1 2026 alone, Reality Labs lost another $4 billion while bringing in just $402 million in revenue.The failure of the original vision: In October 2021 Zuckerberg renamed Facebook's parent company to Meta and declared the company would become \"metaverse-first.\" Four and a half years later, Horizon Worlds — the flagship social VR platform at the center of that vision — is effectively over. Despite massive investment, Horizon Worlds struggled with low user engagement and technical issues, and the broader VR market remains niche, with global headset shipments declining in 2024. The pivot that's actually working: This is the nuance. The metaverse bet has quietly morphed into something different. Meta's smart glasses have been a surprise success, and the company seems increasingly focused on AI-powered wearables that blend digital experiences with the real world, rather than immersive VR accessed through bulky headsets. Ray-Ban Meta glasses have reportedly sold millions of units and are considered a genuine hit. The brutal summary: In 2025, Reality Labs generated $2.21 billion in revenue and lost $19.2 billion — but Meta's total 2025 revenue was $200.97 billion, which is why the company could survive this scale of loss without an existential crisis. Zuckerberg was essentially spending the profits from Instagram and Facebook ads to fund a moonshot that didn't land. The core metaverse vision — people living and socializing in virtual worlds through headsets — failed. What's salvageable is the AR glasses hardware, which is now being repositioned as an AI device rather than a metaverse portal.Let's hope his AI plans and massive spend will pay off.Looking at Meta stock price it is still off the lows for the year at $520, but tumbled back below the 200 and 100 hour MAs today at $618 and $613.88. The price is also below the lows of from May around the $594 level. Staying below the $600 level would keep the sellers more in control. Moving back above would still have traders needing to get above the 50% midpoint at $605.89 and the 100 and 200 hour moving averages near $618 and. Absent that and the sellers are still more in control.As Adam wrote earlier this week, all is fine when you use cash to fund your AI goals. When you tap the equity market, it ups the risk profile. Putting it another way, it is the opposite of buying back shares. This article was written by Greg Michalowski at investinglive.com.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"ForexLive","tags":["AI","ETH","NASDAQ","AR","VR"]},{"id":2009,"title":"Kraken offers SpaceX IPO access through xStocks","url":"https://cointelegraph.com/news/kraken-offers-spacex-ipo-access-through-xstocks?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound","published_at":"2026-06-05T18:17:50Z","summary":"Eligible users in more than 110 markets can register for tokenized SpaceX equity ahead of the company's highly anticipated public listing.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"CoinTelegraph","tags":["IPO"]},{"id":2090,"title":"Will you be audited by Trump’s IRS? New data says there’s one group that can breathe a lot easier.","url":"https://www.marketwatch.com/story/will-you-be-audited-by-trumps-irs-new-data-says-theres-one-group-that-can-breathe-a-lot-easier-43b68411?mod=mw_rss_topstories","published_at":"2026-06-05T18:16:00Z","summary":"A new report out Friday reflects IRS audit activity and other operations at the start of the second Trump presidency.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"MarketWatch Top Stories","tags":["IRS"]},{"id":2010,"title":"Crypto tax in Illinois FY2027 budget is one step away from becoming law","url":"https://cointelegraph.com/news/cryptocurrency-tax-illinois-fy2027-budget-law?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound","published_at":"2026-06-05T18:10:59Z","summary":"The law, part of a budget plan passed by Illinois lawmakers, would put the burden of collecting a 0.2% tax on crypto transactions on a registered broker.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"CoinTelegraph","tags":[]},{"id":1982,"title":"AI exposed a massive flaw in top crypto network and experts warn banks could be next","url":"https://www.coindesk.com/tech/2026/06/05/ai-exposed-a-massive-flaw-in-top-crypto-network-and-experts-warn-banks-could-be-next","published_at":"2026-06-05T18:02:33Z","summary":"After an AI model helped uncover a four-year-old flaw in Zcash, security researchers warn that similar bugs may be hiding across crypto and traditional financial systems.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"CoinDesk","tags":["AI"]},{"id":2059,"title":"Trump: Would like to see lower interest rates","url":"https://investinglive.com/news/trump-would-like-to-see-lower-interest-rates-20260605/","published_at":"2026-06-05T17:55:02Z","summary":"Will leave interest rate decision to WarshWould like to see lower interest ratesSays the country is doing well, market should go upHe would not mind if Warsh were to cut interest rates. Will leave rate cut to Warsh during October meeting. What is curious is his response that will leave rate cut to Warsh but cites the October meeting. He seems to be giving in for the June, July, September meetings.On Iran and oil prices says:Having great success with Iran, and Iran is in no position to have a nuclear weapon.Has about energy prices, says that they have many optionsMore:Meeting scheduled with AI companiesConcept of American public AI partnership it is interesting This article was written by Greg Michalowski at investinglive.com.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"ForexLive","tags":["OIL","AI"]},{"id":2047,"title":"Crypto stocks fall as bitcoin drops to lowest level since October","url":"https://www.investing.com/news/cryptocurrency-news/crypto-stocks-fall-as-bitcoin-drops-to-lowest-level-since-october-93CH-4728998","published_at":"2026-06-05T17:48:31Z","summary":null,"ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"Investing.com (Crypto)","tags":[]},{"id":2060,"title":"Baker Hughes oil rig count up 2 to 431","url":"https://investinglive.com/news/baker-hughes-oil-rig-count-up-2-to-431-20260605/","published_at":"2026-06-05T17:29:52Z","summary":"The Baker Hughes rig count for the current week shows oil im inventories up 2 to 431 . Natural Gas inventories are down -1 to 124 and Total rigs are up 1 to 563.The decline in rigs has been hard since the peak above 1000 rigs back in early 2019. What is the stories behind the declines?2018 boom: The rig count averaged over 1,400 historically, but the modern shale era has been far more efficient. The period started strong with rigs climbing to a cycle peak of 1,083 in November 2018 as oil prices were high and shale was in full swing.2019 slide: Even before COVID, the count was already retreating — oil prices softened and investors pushed E&P companies toward capital discipline over growth, pulling the count down to around 800 by late 2019.2020 COVID crash: The most dramatic event on the chart. The pandemic and the Saudi-Russia price war simultaneously crushed demand and flooded supply. The rig count collapsed from ~800 to just 244 by August 2020 — an all-time record low in the modern era.2021–2022 recovery: A strong, steady climb through Biden's term as oil prices surged (partly due to the Ukraine war), peaking at around 784 in December 2022.2023–2025 slow bleed: Despite high oil prices at times, the count drifted downward as efficiency improvements meant fewer rigs were needed to hold production flat, and capital discipline remained the industry mantra. As of mid-May 2026, the total U.S. rig count stood at 551. The most recent reading from May 29 shows 562 — a slight uptick, possibly reflecting the Hormuz crisis incentivizing more domestic drilling. The key takeaway: the U.S. now produces more oil than ever with far fewer rigs, a testament to how much more efficient horizontal drilling and completion technology has become. This article was written by Greg Michalowski at investinglive.com.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"ForexLive","tags":["OIL","COVID"]},{"id":2011,"title":"Crypto Biz: Nobody told Saylor ‘never sell’","url":"https://cointelegraph.com/news/strategy-bitcoin-sale-clarity-act-jpmorgan-capital-b-fundraising?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound","published_at":"2026-06-05T17:04:07Z","summary":"Strategy’s Bitcoin sale challenged the “never sell” narrative, while JPMorgan attacked CLARITY and Capital B pursued a huge fundraising plan for BTC.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"CoinTelegraph","tags":["BTC"]},{"id":2061,"title":"Gold is sinking with the US dollar rising and yields moving higher","url":"https://investinglive.com/technical-analysis/gold-is-sinking-with-the-us-dollar-rising-and-yields-moving-higher-20260605/","published_at":"2026-06-05T16:59:17Z","summary":"Gold is under heavy selling pressure, falling $143, or 3.2%, to $4,333. The sharp decline has pushed the price below its 200-hour moving average for the first time since October 2023, a development that shifts the near-term technical bias more firmly in favor of the sellers.The move lower also broke below the 50% retracement of the rally from the May 15 consolidation low at $4,359.86. While it is important to note that the 200-hour moving average has steadily risen along with gold's longer-term uptrend—sitting near $1,900 back in October 2023—the significance lies in the fact that the level had consistently acted as support during recent pullbacks. Most notably, buyers leaned against the moving average on March 25 and again on May 27 before launching fresh advances.Gold reached a record high of $5,598.75 on January 28. Since then, the metal has declined 22.95%, highlighting the extent of the current correction. Despite today's weakness, the March low at $4,067 remains an important downside target and a key barometer for sellers. Traders will also be watching the 61.8% retracement of the advance from the May 15 low, which represents another significant support level and could become the next battleground between buyers and sellers.With both the 200-hour moving average and the 50% retracement level now broken, sellers have seized near-term control. It would take a move back above those levels to ease the downside pressure and improve the technical outlook.Silver is also sharply lower by 6.54% with a decline of -$4.81 but remains above its 200 hour MA at $66.852. This article was written by Greg Michalowski at investinglive.com.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"ForexLive","tags":["US","GOLD","MA"]},{"id":2012,"title":"Here’s what happened in crypto today","url":"https://cointelegraph.com/news/what-happened-in-crypto-today?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound","published_at":"2026-06-05T16:55:50Z","summary":"Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"CoinTelegraph","tags":[]},{"id":1983,"title":"BlackRock-backed tokenization firm Securitize clears key hurdle to go public on NYSE","url":"https://www.coindesk.com/business/2026/06/05/blackrock-backed-tokenization-firm-securitize-clears-key-hurdle-to-go-public-on-nyse","published_at":"2026-06-05T16:46:28Z","summary":"The tokenization specialist behind BlackRock's BUIDL fund could begin trading on the NYSE as SEC approves merger registration.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"CoinDesk","tags":["SEC","NYSE","BUIDL"]},{"id":2013,"title":"Pump.fun bounty platform pays users to tattoo tokens and chase viral stunts","url":"https://cointelegraph.com/news/pumpfun-bounty-platforms-funds-memecoin-tattoos-world-cup-skydives?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound","published_at":"2026-06-05T16:44:44Z","summary":"Pump.fun launched a new bounty platform where users started funding bizarre memecoin marketing stunts, including forehead tattoos, skydiving as a mascot and setting a vehicle on fire.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"CoinTelegraph","tags":[]},{"id":2062,"title":"EURUSD continues the tumble lower","url":"https://investinglive.com/technical-analysis/eurusd-continues-the-tumble-lower-20260605/","published_at":"2026-06-05T16:44:12Z","summary":"The EURUSD continues to slide lower after breaking below a key support zone between 1.15768 and 1.15872. That floor had held firm since May 20, with the pair finding support within the area on four separate trading days between May 20 and May 28. The decisive break below that zone shifted the technical bias more firmly in favor of the sellers.The move lower began earlier today when the pair broke beneath several important technical levels in quick succession, including the 200-hour moving average at 1.1628, the 100-hour moving average at 1.1620, and an upward-sloping trendline near 1.1600. Those breaks opened the door for increased downside momentum.Looking lower, the next key target comes in at the April 6 low of 1.15046. A move below that level would have traders focusing on the 1.1450 area, with the 2026 low at 1.14089 representing a more significant downside objective.Fundamentally, the move is being fueled by a sharp rise in U.S. Treasury yields following the stronger-than-expected U.S. jobs report. The 10-year yield is up 6.3 basis points, while the 2-year yield has surged 11.7 basis points, helping to underpin the U.S. dollar. The employment data has also added a new layer of intrigue ahead of Fed Chair Kevin Warsh's first FOMC meeting on June 16-17. Recall that three policymakers dissented at the last meeting, favoring the removal of the easing bias. With labor market strength persisting and higher oil prices beginning to influence inflation expectations, the debate may increasingly shift toward whether policy should move to neutral—or even hint at a more hawkish stance—rather than maintain an easing bias. This article was written by Greg Michalowski at investinglive.com.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"ForexLive","tags":["OIL","ETH","EUR","USD","EURUSD","FED","FOMC"]},{"id":2063,"title":"Traders push bitcoin to the lowest level going back to October 2024. Stocks reach new lows","url":"https://investinglive.com/Cryptocurrency/traders-push-bitcoin-to-the-lowest-level-going-back-to-october-2024-stocks-reach-new-lows-20260605/","published_at":"2026-06-05T16:22:47Z","summary":"Bitcoin fell below the $60,000 level for the first time since early February, extending to a low of $59,743 and reaching its weakest level since October 2024. The break lower increased bearish momentum, but buyers stepped in near the lows, helping to push the price back above the $60,000 threshold. Bitcoin is currently trading around $60,834.The rebound is encouraging for buyers, but the technical damage from the move to a new multi-month low remains. On the topside, the next key resistance area comes in near $65,000, a level that served as an important swing low on March 28. A move back above that area would be needed to improve the broader technical outlook and give buyers more control in the short term.On a side note, Michael Saylor company Strategy (formerly Microstrategy) which is a equity proxy for bitcoin, is testing a support area between $116.49 and $101.39. The low price today has reached $115.87. It is currently trading at $118.53 down -8.4% on the day.Moving into the lower floor area and below it would make the technical picture even more bearish. On the top side it would take a move back above the 100 hour moving average at $148.50. Absent that, and the sellers are still in more control.Meanwhile stocks continue to sink despite the fall in oil prices. The NASDAQ index is now down -2.66%. The S&P index is down -1.64%.For the NASDAQ, is looking to test a key support cluster support on the hourly chart near the 26,048 area. That level corresponds with the 200 hour moving average, the 38.2% retracement of the move up from the April 22/23 lows, and a swing level. Moving below that level would have traders next targeting the 50% midpoint and swing level near 25,694.60. The low price today has reached 26,103.91 which is still shy of the aforementioned level near 26,048. This article was written by Greg Michalowski at investinglive.com.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"ForexLive","tags":["OIL","NASDAQ"]},{"id":2064,"title":"CNN: Iran-US talks reportedly deadlocked","url":"https://investinglive.com/news/cnn-iran-us-talks-reportedly-deadlocked-20260605/","published_at":"2026-06-05T16:13:58Z","summary":"CNN is reporting:Iran says negotiations with the U.S. have stalled, with senior adviser Mohsen Rezaei claiming President Trump must act to break the impasse. Iran is demanding the release of $24 billion in frozen assets as part of any agreement: $12 billion upon signing an interim deal. Another $12 billion at a later stage. Iran views the asset release as a trust-building test, arguing that unlocking the funds would demonstrate U.S. commitment to a lasting agreement. U.S. officials reportedly oppose releasing the funds at this stage, concerned that doing so would reduce a key source of leverage over Iran. Rezaei warned against a return to military conflict, stating that if fighting resumes, Iran could expand operations beyond the Persian Gulf. Potential areas of escalation mentioned by Iran include: Strait of Hormuz Indian Ocean Bab al-Mandab Strait Red Sea Mediterranean Sea Iran threatened broader attacks on U.S. military assets if another conflict breaks out. Rezaei ruled out a meeting between President Trump and Supreme Leader Ayatollah Khamenei, saying the negotiations are currently in an early stage and have reached a standstill. Market Implications The comments suggest peace negotiations remain fragile, reducing the likelihood of a near-term breakthrough. Any signs of renewed tensions could support higher oil prices due to concerns over disruptions to shipping routes and energy supplies in the Middle East. Traders will likely watch for any U.S. response regarding the frozen assets issue, which now appears to be a central sticking point in the negotiationsThe current price of crude oil is trading at $90.75. That is down $-2.32 on the day. This article was written by Greg Michalowski at investinglive.com.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"ForexLive","tags":["OIL","US","PPI","CNN"]},{"id":2014,"title":"Saylor says Bitcoin needs ‘disciplined expansion’ as analysts weigh demand reset","url":"https://cointelegraph.com/news/saylor-bitcoin-disciplined-expansion-demand-reset?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound","published_at":"2026-06-05T16:09:40Z","summary":"Michael Saylor’s essay calls for Bitcoin to expand through banks, credit, securities and higher layers while preserving its base layer.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"CoinTelegraph","tags":[]},{"id":2065,"title":"Putin: It would be efficient for US to use Russia's LNG technologies in Alaska","url":"https://investinglive.com/news/putin-it-would-be-efficient-for-us-to-use-russias-lng-technologies-in-alaska-20260605/","published_at":"2026-06-05T16:04:07Z","summary":"Putin is back saying: it will be official for United States use Russia's LNG technologies in AlaskaOn benefits for Russia from war in Iran: market stability is important.Oil supply decline rattles markets, we are there in OPEC plus to balance the market.We are grateful to Saudi Arabia for cooperation on global oil marketThe price of crude oil is down $-2.30 or -2.47% at $90.73.. The move to the downside is now taken the price below the 200 hour moving average at $91.87. The low prices today reached $90.47. The high today reached $93.63.The United States maintains sanctions on Russian oil, but the sanctions are not a complete global ban on Russian oil exports.Key points: The U.S. banned imports of Russian crude oil, petroleum products, LNG, and coal into the United States in 2022. The U.S. and its G7 partners also created a price-cap system that allows Russian oil to be sold to third countries only under certain conditions when Western shipping, insurance, or financial services are used. The U.S. has sanctioned numerous Russian energy companies, tankers, traders, and entities involved in what is often called Russia's \"shadow fleet\" used to move oil outside Western oversight. During 2026, the U.S. has temporarily adjusted or waived some oil-related restrictions at times to address global supply concerns stemming from disruptions in the Middle East and Iran-related conflicts. Those waivers have been extended, allowed to lapse, and re-extended at different points, reflecting a balance between sanctioning Russia and avoiding an oil-price shock. For markets, the important takeaway is that Russian oil is still flowing to major buyers such as India and China, but under a web of sanctions, price-cap rules, and enforcement actions that aim to reduce Russia's oil revenue rather than completely remove Russian barrels from the global market. This is why oil traders watch Russian sanctions closely: tighter enforcement can reduce available supply and push prices higher, while waivers or relaxed enforcement can increase supply and ease upward pressure on crude prices. This article was written by Greg Michalowski at investinglive.com.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"ForexLive","tags":["OIL","US","LNG","PPI","OPEC"]},{"id":1984,"title":"Memecoins dogecoin, shiba inu dive 9% as bitcoin nears $60,000","url":"https://www.coindesk.com/markets/2026/06/05/memecoins-dogecoin-shiba-inu-dive-9-as-bitcoin-nears-usd60-000","published_at":"2026-06-05T16:01:00Z","summary":"Dogecoin and Shiba Inu led losses among major tokens as heavy volume and liquidations overwhelmed support levels, extending a broader risk-off move across crypto markets.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"CoinDesk","tags":[]},{"id":2066,"title":"Energy Sec Wright: We will refill the SPR by 40M barrels after Iran conflict is over","url":"https://investinglive.com/news/energy-sec-wright-we-will-refill-the-spr-by-40m-barrels-after-iran-conflict-is-over-20260605/","published_at":"2026-06-05T15:50:22Z","summary":"US Energy Secretary Wright is saying that the US will add 40M barrels after the Iran conflict is over. Here's the full picture:Current level: As of the week ending May 29, 2026, the SPR recorded a release of 8 million barrels, bringing the total down to 357.1 million barrels — the lowest level since January 2024. Trump came into office with the SPR at around 392 million barrels and promptly pledged to fill it back up. In his January 2025 inaugural address, Trump indicated his administration intended to fill the SPR to capacity, and a February 2025 DOE Secretarial Order listed \"Refill the Strategic Petroleum Reserve\" as a department-level priority.For much of 2025, that refill actually happened — the SPR steadily climbed to around 411–415 million barrels by early 2026. But then the door closed with the Iran War start on February 28. The U.S. is in the process of releasing 172 million barrels from the SPR as part of a coordinated effort with the International Energy Agency (IEA) to release 400 million barrels of crude oil and refined products globally to address oil supply disruptions stemming from conflict in the Middle EastThe reserve posted back-to-back record drawdowns in mid-May, with 9.92 million barrels released in the week ending May 15 and 8.6 million the week before — bringing the stockpile to 365.1 million barrels at that point. At 365M (now 357M), the reserve sits at roughly half of its all-time high of 726.6 million barrels. Looking further back in timeThe longer view tells a much richer story:Trump's first term (2017–2021): The SPR started around 660 million barrels and slowly drifted down through congressionally mandated sales, ending at about 638M when Biden took over — a gradual, managed decline.Biden era (2021–2025): The massive story. Starting in early 2022, the Biden administration released an unprecedented amount of oil — first in response to Russia's Ukraine invasion, then as a broader energy price management tool. The SPR plummeted from ~638M to a 40-year low of roughly 347M barrels by late 2022, shedding nearly 300 million barrels in under two years. A slow refill then brought it back to ~392M by the time Biden left.Trump's second term (2025–present): Came in promising to refill to capacity, and the SPR did tick up to about 415M by early 2026. Then the Strait of Hormuz crisis hit — a coordinated IEA emergency release has driven it back down to ~357M, erasing all the refill progress and then some.The big takeaway: the Biden drawdown of 2022 was historically enormous by any measure, and while Trump's refill made a dent, the new 2026 crisis means the SPR is now heading in the wrong direction again.The bottom line: Trump promised to fill the SPR; it did rise modestly through 2025, but still not to levels that had existed in the past. With the price near $60 before the start of the conflict, the opportunity was there, but missed. The Strait of Hormuz crisis at the end of February triggered an emergency IEA-coordinated release that has now more than erased those gains, putting the reserve well below where it was on Inauguration Day. Pres. Trump would love to fill the SPR up as it was another campaign promice andcriticism of the Biden administration who depleted reserves due to the Russia/Ukraine war, but with AAA gas price at $4.22 currently (down from $4.55 or so, it is still too expensive. This article was written by Greg Michalowski at investinglive.com.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"ForexLive","tags":["OIL","ETH","US","SPR","IEA","AAA","DOE"]},{"id":2048,"title":"EOS Falls 11% In Rout","url":"https://www.investing.com/news/cryptocurrency-news/eos-falls-11-in-rout-4728889","published_at":"2026-06-05T15:50:00Z","summary":null,"ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"Investing.com (Crypto)","tags":["EOS"]},{"id":1985,"title":"U.S. House tax committee weighs crypto bills, including relief for small transactions","url":"https://www.coindesk.com/policy/2026/06/05/u-s-house-tax-committee-weighs-crypto-bills-including-relief-for-small-transactions","published_at":"2026-06-05T15:49:13Z","summary":"Seven draft bills are being circulated by the House Ways and Means Committee ahead of a hearing next week, including proposals to ease small-gain, mining and staking burdens.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"CoinDesk","tags":[]},{"id":2015,"title":"Bitcoin teases 'seller exhaustion' as BTC price downside reaches $60.3K","url":"https://cointelegraph.com/markets/bitcoin-approaches-60k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound","published_at":"2026-06-05T15:43:14Z","summary":"Bitcoin sellers were losing steam, market analysis said as ongoing BTC price downside brought the market closer to $60,000.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"CoinTelegraph","tags":["BTC"]},{"id":2067,"title":"Trump cheers Jobs report. Bond yields rising/ stock sliding send warnings","url":"https://investinglive.com/news/trump-cheers-jobs-report-bonds-stock-slide-send-warnings-20260605/","published_at":"2026-06-05T15:20:26Z","summary":"The stronger-than-expected U.S. jobs report has created an interesting tug-of-war between the White House, the market, and the Federal Reserve. President Trump wasted little time weighing in, arguing on Truth Social that a \"great Jobs Report\" should be bullish for stocks, not bearish, emphasizing that economic growth does not automatically translate into inflation. White House NEC Director Kevin Hassett echoed that sentiment, saying the jobs data is not foreshadowing higher inflation and that oil market disruptions are unlikely to materially impact core inflation. Hassett also argued that strong supply-side growth can help prevent runaway price pressures and suggested the Fed has room to be patient, even going so far as to say policymakers have been behind the curve and have had ample room to cut rates.The market, however, viewed the data differently. Treasury yields surged following the report, with traders focusing on the risk that a resilient labor market and sticky inflation could keep rates elevated for longer. The two year yield up 10 basis points at 4.151%, and the 10 year up six basis points at 4.537%.fffThat repricing weighed on equities, with the brunt of the impact being felt by the NASDAQ index which is down 2% currently at 26294.95. Its price is now running away from its 100 hour moving average at 26569. The price is currently at 26292. The S&P is testing its 100 hour MA at 7502.51. A move below with momentum would be more bearish. That leaves newly appointed Fed Chair Kevin Warsh facing an early test. On one side are White House officials arguing that growth is not inflationary and that the Fed should have flexibility to ease policy. On the other side are bond traders who responded to the employment data by pushing yields sharply higher, signaling concerns that inflation pressures may not fade as quickly as hoped. Complicating matters further, the Fed enters its blackout period at the close today ahead of the upcoming FOMC meeting, meaning policymakers will not be able to publicly shape expectations. As a result, markets will be left to interpret the incoming data on their own. Notably, investors have heard very little from Warsh since he became Fed Chair, leaving uncertainty about how he will balance the competing forces of solid growth, stubborn inflation, rising yields, and mounting political pressure. The next FOMC decision may provide the first real insight into the policy framework of the new Fed Chair. PS Fed comments are not supportive of the Presidents or the NEC's Hassett. PSS. Although Warsh wants to please the President for giving him the dream position of Fed Chair, he is also pragmatic enough to not mess around with the rate anytime soon. However, what he eventually has to say, will be dissected as to how dovish or hawkish he is. The Punt is to agree with the other Fed officials and just take the leadership role The game plan might be to eventually cut, but it might take a defense alighment that shows oil down sharply, inflation falling, inflation expectations weakening. Whether they ignore the job market because of the shift from demographics, immigration policy, greater productivity influencing - and that it is more about inflation and not about managing a slow down in the economy. This article was written by Greg Michalowski at investinglive.com.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"ForexLive","tags":["OIL","ETH","NASDAQ","FED","FOMC","MA","PS","NEC","PSS"]},{"id":1986,"title":"Alsobrooks says Clarity Act needs ethics deal before Senate vote","url":"https://www.coindesk.com/coindesk-news/2026/06/05/alsobrooks-says-clarity-act-needs-ethics-deal-before-senate-vote","published_at":"2026-06-05T15:05:55Z","summary":"The Maryland Democrat says bipartisan crypto legislation is close, but ethics and illicit finance concerns remain unresolved.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"CoinDesk","tags":["ETH"]},{"id":2049,"title":"Ethereum Falls 10% In Bearish Trade","url":"https://www.investing.com/news/cryptocurrency-news/ethereum-falls-10-in-bearish-trade-4728829","published_at":"2026-06-05T15:03:01Z","summary":null,"ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"Investing.com (Crypto)","tags":["ETH"]},{"id":1987,"title":"Bitcoin loses $60,000, falls to weakest price since October 2024","url":"https://www.coindesk.com/markets/2026/06/05/bitcoin-loses-usd60-000-falls-to-weakest-price-since-october-2024","published_at":"2026-06-05T15:02:28Z","summary":"Several headwinds converged over bitcoin recently as its largest buyer turned seller, ETF investors headed for the exits, and rate-hike fears rose.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"CoinDesk","tags":["ETF"]},{"id":2068,"title":"USDCHF breaking higher the price is breaking away from recent swing highs","url":"https://investinglive.com/technical-analysis/usdchf-breaking-higher-the-price-is-breaking-away-from-recent-swing-highs-20260605/","published_at":"2026-06-05T14:56:30Z","summary":"The USDCHF is breaking higher and gaining upside momentum as it pushes above a key resistance zone defined by the late-April and late-May swing highs between 0.7923 and 0.7926. The pair has also moved above the 61.8% retracement of the decline from the March 31 high to the May 8 low, which comes in at 0.79345. That combination of technical breaks gives buyers greater control in the near term.With the breakout now underway, the former resistance area between 0.7923 and 0.7935 becomes an important support zone. As long as the price remains above that area, buyers maintain the advantage and can continue to target higher levels.On the topside, the next key objective comes in between 0.7956 and 0.7961, an area that served as an important swing zone during March and April. A sustained move above that level would open the door for a run toward the 0.8000 psychological level, which is likely to attract increased attention from traders. Just above that sits another notable swing target near 0.8018, followed by the 2026 high at 0.80417.Looking at the broader chart, the sharp decline seen on April 7 and 8 left relatively little resistance overhead, giving the pair room to extend higher if bullish momentum remains intact. For now, the technical bias remains tilted to the upside, with buyers focused on holding above the breakout area and pressing toward the next resistance targets.Fundamentally, the move higher in USDCHF is being supported by a stronger U.S. dollar following the better-than-expected U.S. employment report. The jobs data pushed Treasury yields sharply higher, with the 2-year yield rising 10.8 basis points to 4.157% and the 10-year yield climbing 7 basis points to 4.547%. Higher yields are helping to boost demand for the dollar, adding a supportive fundamental backdrop to the pair's bullish technical breakout. This article was written by Greg Michalowski at investinglive.com.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"ForexLive","tags":["USD","USDCHF"]},{"id":1988,"title":"XRP falls toward $1.10 as liquidation-driven selloff pushes token to multi-month lows","url":"https://www.coindesk.com/markets/2026/06/05/xrp-falls-toward-usd1-10-as-liquidation-driven-selloff-pushes-token-to-multi-month-lows","published_at":"2026-06-05T14:53:06Z","summary":"XRP lost another 5% after a high-volume breakdown overwhelmed support near $1.20, leaving traders focused on whether the latest washout marks capitulation or the start of a deeper slide.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"CoinDesk","tags":["ETH","XRP"]},{"id":2069,"title":"Tech meltdown deepens while consumer defensive stocks shine bright","url":"https://investinglive.com/stock-market-update/tech-meltdown-deepens-while-consumer-defensive-stocks-shine-bright-20260605/","published_at":"2026-06-05T14:46:13Z","summary":"Sector OverviewThe US stock market today presents a mixed tableau of performances across various sectors. The technology sector, particularly semiconductors, is under significant pressure, with major players like Nvidia (NVDA) plunging by 3.25% and Advanced Micro Devices (AMD) falling 6.27%. In contrast, the consumer defensive sector is showcasing resilience, with Walmart (WMT) and Costco (COST) rising by 2.39% and 2.13%, respectively, indicating investor migration towards safer assets amidst market uncertainty.Market Mood and TrendsInvestor sentiment is currently clouded by concerns within the tech industry, spearheaded by the sharp declines in semiconductors. This points to broader concerns over supply chain disruptions and potential regulation impacts. Conversely, consumer defensive equities appear robust, possibly buoyed by rising consumer demand for essential goods.Big Winners and LosersWinners:Lilly (LLY) emerges as a healthcare standout with a 2.89% increase, alongside consumer giants Walmart (WMT) and Procter & Gamble (PG), which grew 2.39% and 2.47%, respectively. These gains underscore investor preference for stability in essential goods.Losers:Broadcom (AVGO) decreased by 4.61%, illustrating continued tech sector weakness. Oracle (ORCL) also dipped 6.20%, hinting at broader concerns within software infrastructure industries.Strategic RecommendationsInvestors should consider increasing their holdings in consumer defensive stocks, which continue to show stable performance amidst broader market volatility. Monitoring tech sector developments remains crucial, especially for long-term strategies. Portfolio diversification, encompassing both stable and growth-oriented investments, will be vital for navigating possible future downturns. Consider visiting InvestingLive.com for more in-depth analyses and real-time updates. 🚀📊 This article was written by Itai Levitan at investinglive.com.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"ForexLive","tags":["US","NVDA","ORCL","PG","AMD","AVGO","WMT","LLY","COST"]},{"id":2016,"title":"Visa tests private stablecoin settlement with Brale, Canton","url":"https://cointelegraph.com/news/visa-tests-private-stablecoin-settlement-as-institutions-push-blockchain-privacy?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound","published_at":"2026-06-05T14:45:55Z","summary":"Visa is testing private stablecoin settlement on Canton with Brale, exploring whether institutions can use blockchain without exposing sensitive transaction data.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"CoinTelegraph","tags":["ETH"]},{"id":2070,"title":"Fed's Hammack: Today's jobs report reaffirms that the jobs market is roughly in balance","url":"https://investinglive.com/centralbank/feds-hammack-todays-jobs-report-reaffirms-that-the-jobs-market-is-roughly-in-balance-20260605/","published_at":"2026-06-05T14:29:01Z","summary":"The Fed's Hammack is a hawk so her highlighting today's jobs report isn't a big surprise but it's notable as a sign of which way the wind is blowing on Fed policy.She wrote:The Federal Reserve’s inflation objective is 2 percent.That number isn’t just theoretical; price stability is a foundation for businesses, consumers, and investors to make sound economic decisions. It’s key to economic growth and maximum employment in the longer run. While I never make too much of any one data point, today's jobs report reaffirms that the labor market appears to be roughly in balance. The unemployment rate remaining stable at 4.3 percent is right around my definition of full employment.By contrast, inflation is telling a different story. It’s high, moving higher, and I believe persistently high inflation is the bigger concern. When I'm out in the District, I'm starting to hear from people that they don't think things are going to get better any time soon. It would be a bad development if consumers, businesses, and financial markets begin to expect higher inflation in the future. Such a shift in expectations would warrant decisive action.For today, it’s reasonable to keep rates steady given the uncertainties around the economic outlook. But if recent trends continue, it may soon be appropriate to act. The thing is, it wasn't just one data point as revisions also make the March and April jobs prints materially better. This is a picture of an improving jobs market, not just 'in balance'.The question given her comments is how soon is \"it may soon be appropriate to act\"? The market is now weighing a September rate hike, which is 44% priced in. That's a big jump from pre-NFP levels. A December hike is now fully priced in as well. In the rates market, US 2-year yields moved up 9.8 bps to 4.15% today. This article was written by Adam Button at investinglive.com.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"ForexLive","tags":["US","FED","NFP"]},{"id":2050,"title":"Greece reportedly plans 15% capital gains tax on cryptocurrencies","url":"https://www.investing.com/news/cryptocurrency-news/greece-reportedly-plans-15-capital-gains-tax-on-cryptocurrencies-93CH-4728777","published_at":"2026-06-05T14:21:56Z","summary":null,"ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"Investing.com (Crypto)","tags":[]},{"id":2071,"title":"Bitcoin nears the lows of the year and the technical picture is ugly if $60,000 breaks","url":"https://investinglive.com/Cryptocurrency/bitcoin-nears-the-lows-of-the-year-and-the-technical-picture-is-ugly-if-60000-breaks-20260605/","published_at":"2026-06-05T14:15:10Z","summary":"Bitcoin is threatening to touch the lowest levels since Donald Trump's November 2024 election.It's down 4.5% to $60,732 today and is threatening the February spike low.A break of $60,000 would be the first time below it since September 2024.Despite everything Trump has done for crypto, bitcoin is now down 12% from the day before the 2024 election. It's also flat compared to the November 2021 peak. It's also down 53% from the October 2025 record high of $128K.I wrote earlier this week about how bitcoin has lost its cool. Last week alone there were approximately $1.67 billion of crypto fund outflows, the second-worst week of 2026, Bitcoin funds did a record ~$1.44 billion of that and that was despite a good week in risk assets overall.I wrote:The main problem from a price-action perspective is that bitcoin isn't participating in one of the greatest bull markets of all time. So what will happen when the tide goes out on stocks and AI? We're getting a taste of that today.The money that used to flow into crypto is now flowing into AI investments. It's a simple matter of money chasing returns. The AI names have made incredible gains in the past year while bitcoin has slumped badly.Today, it's even worse down the stack with ethereum down 8.7%.Crypto was further hurt this week by the US Treasury bragging that it had confiscated $1 billion in Iranian crypto. It's not clear what that was or how it was stored but it's a reminder that one of the main use cases of crypto -- avoiding governments -- isn't exactly working out.Eyes are also on Michael Saylor at Strategy who was forced to sell some bitcoin this week to meet preferred share redemptions. He holds $64 billion in bitcoin at an average price of $75,700. At $60,7000, he's down nearly 20% or a loss of $12.6 billion.In terms of technicals, bitcoin needs to make a stand at $60,000 because if we see a 5-handle, some of the old, strong hands in bitcoin could begin to reconsider. There is a huge (though messy) head-and-shoulders pattern on the chart. This article was written by Adam Button at investinglive.com.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"ForexLive","tags":["AI","ETH","US"]},{"id":2072,"title":"Broader stock indices diverge: NASDAQ slides below moving average while S&P tries to hold","url":"https://investinglive.com/technical-analysis/broader-stock-indices-diverge-nasdaq-slides-below-moving-average-while-sp-tries-to-hold-20260605/","published_at":"2026-06-05T14:07:21Z","summary":"I want With the stronger-than-expected U.S. jobs report pushing Treasury yields sharply higher, the major U.S. stock indices are under pressure, with the NASDAQ leading the decline. The employment report showed nonfarm payrolls rising by 172K versus 85K expected, while upward revisions added a net 93K jobs to the prior two months. The unemployment rate held steady at 4.3%, and wage growth matched expectations at 0.3% month-over-month and 3.4% year-over-year. The data reinforced the view that the labor market remains resilient and reduced expectations for near-term Fed rate cuts.The bond market reacted swiftly. The 2-year Treasury yield is up about 10 basis points to 4.15%, while the 10-year yield has climbed 6.7 basis points to 4.542%. Rising yields are creating a headwind for equities, particularly the growth-oriented technology sector, helping to explain the NASDAQ's underperformance.From a technical perspective, however, the picture is somewhat mixed. The S&P 500 is attempting to hold support against its 100-hour moving average, keeping buyers in the game for now. In contrast, the NASDAQ gapped below its 100-hour moving average following the jobs report and has continued to extend lower, giving sellers more control in that index.That divergence creates a dilemma for equity traders. The fundamental backdrop of stronger growth and higher yields is weighing on stocks, but key technical support levels have not yet broken across the board. As a result, traders will continue to focus on the major moving averages as both risk-defining and bias-defining levels in the major indices. Whether those supports hold or give way should provide important clues for the direction of the market into the close and in the trading days ahead..The video above outlines the traders dilemma and also the key levels in play for both the S&P and NASDAQ indices. This article was written by Greg Michalowski at investinglive.com.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"ForexLive","tags":["ETH","NASDAQ","FED"]},{"id":2051,"title":"Bitcoin slumps to $61k, set for 17% weekly wipeout as ETF outflows continue","url":"https://www.investing.com/news/cryptocurrency-news/bitcoin-falls-to-61k-set-for-16-weekly-wipeout-as-etf-outflows-continue-4727889","published_at":"2026-06-05T14:02:46Z","summary":null,"ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"Investing.com (Crypto)","tags":["ETF"]},{"id":2073,"title":"US stock markets struggle as tech bleeds and rate hike worries creep in","url":"https://investinglive.com/stocks/us-stock-markets-struggle-as-tech-bleeds-and-rate-hike-worries-creep-in-20260605/","published_at":"2026-06-05T14:01:39Z","summary":"US stock markets opened lower and have continued to sell off.The S&P 500 is down 87 points or 1.1%, the Nasdaq Composite down 1.9% and the Russell 2000 down 1.5%.Futures were already negative but the selling accelerated after today's non-farm payrolls report. It showed the US adding 172K jobs in May compared to 85K expected. The March and April reports were also revised higher by a combined 72K jobs. When you zoom out, the US jobs picture looks suddenly firm and likely accelerating.This also dovetails with a very strong JOLTS job openings report earlier this week.The market suddenly sees a nearly 50% chance of a Fed hike in September and US 2-year yields are up 8.4 bps to 4.13%. The Fed will enter its blackout period at midnight today and in a fortnight we will get the first decision and press conference in the Kevin Warsh Fed. That has the potential to create some serious volatility.Aside from the macro, the high-flying AI trades that have led the market since the March market bottom (and since September) are takin a break after Broadcom shares were beaten up earlier in the week on earnings that weren't strong enough to sustain the mania ongoing in the sector.Some laggards today that have been major recent winners:WDC -7.4%MU -6.6%INTC -6.4%QCOM -5.4%AVGO -3.9%In the larger-cap tech space:NVDA -2.4%TSLA -1.5%AMZN -0.1%MSFT -0.6%META -0.9%GOOG -0.6%ORCL -5.6%IGV software ETF -2.2%There are some winners in the staples space including:KO +2.8%COST +2.4%MCD +2.0%CL +2.0%WMT +2.0% This article was written by Adam Button at investinglive.com.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"ForexLive","tags":["AI","ETF","FED","AMZN","INTC","MU","META","NVDA","ORCL","AVGO","MSFT","TSLA","KO","COST","CL","GOOG","IGV","JOLTS","MCD","QCOM"]},{"id":2074,"title":"USDJPY volatile above the 160.00. EURUSD tests floor area. GBPUSD new lows for week","url":"https://investinglive.com/technical-analysis/usdjpy-volatile-above-the-16000-falls-from-16026-to-15980-and-bouncing-20260605/","published_at":"2026-06-05T13:21:41Z","summary":"The USD is sharply higher following a much stronger-than-expected U.S. employment report. Nonfarm payrolls increased by 172K, well above the 85K forecast, while sizeable upward revisions added another 93K jobs to the prior two months. The unemployment rate held steady at 4.3%, average hourly earnings rose 0.3% on the month and 3.4% year-over-year, and the participation rate remained unchanged. Taken together, the report points to a labor market that remains resilient and is not showing signs of meaningful deterioration.The USDJPY initially surged to its highest level since May 1, reaching 160.22, but remains below the next key upside target at 160.446, the March 30 swing high. Above that level, traders would look toward the 2026 high of 160.717 from April 30. However, gains above 160.00 continue to attract caution as traders remain sensitive to the risk of official intervention, even in the absence of any direct warnings from Japanese authorities.After probing higher, the pair briefly pulled back before finding buyers once again. The 160.00 level remains a critical barometer for the pair. Staying above that threshold keeps buyers firmly in control. On the downside, the 100-hour moving average at 159.856 and the 200-hour moving average at 159.601 serve as important support levels. A move below those averages would weaken the bullish bias and shift the technical outlook more to the downside. Until then, the path of least resistance remains higher, with buyers maintaining the upper hand.The EURUSD has moved lower and is now testing an important support zone between 1.1576 and 1.1587. The low price has reached 1.1584 so far, putting the pair near the lower end of that key swing area. A break below the floor at 1.1576, and more importantly, the ability to stay below that level, would likely increase bearish momentum and open the door for a deeper move to the downside.From a technical perspective, the pair has already fallen below the trendlines highlighted on the hourly chart and is moving further away from its 100-hour moving average at 1.16225 and 200-hour moving average at 1.16287. Those moving averages now act as resistance and reinforce the bearish bias. While sellers remain in control, the next key test is whether they can force and sustain a break below 1.1576. Accomplishing that would strengthen the downside case and give sellers greater control of the short-term trend.The GBPUSD remains under pressure as sellers regain control below key technical levels. After rallying earlier in the week, the pair once again found resistance near a confluence of overhead targets, including the 50% retracement of the move down from the May high at 1.34803 and the 100-day moving average at 1.34756. The inability to sustain momentum above those levels kept a lid on the upside and encouraged renewed selling interest.Since then, the price has rotated lower and is now moving further away from the 100-hour and 200-hour moving averages, clustered near 1.3443. More importantly, the pair has slipped back below its 200-day moving average at 1.34195, a level that has acted as both support and resistance over recent weeks. The move back below that long-term barometer gives sellers another opportunity to strengthen their grip on the market.With the price trading below the key hourly and daily moving averages, the technical bias has shifted back to the downside. The next downside targets come in near last week's low at 1.33658 and the May 20 low at 1.33739. A move below those support levels would increase bearish momentum and open the door for a deeper decline.For buyers to regain control, they would need to push the price back above the 200-day moving average and stay above. The price of the GBPUSD has traded below the 200 day MA 7 of 8 days but have bounced. Is this the catalyst to push the pair away from that MA now? US yields are higher with the two-year now up nine basis points at 4.14%. The 10 year yield is up six basis points at 4.54%. US stocks are opening lower on concerns about higher rates.Dow industrial average is up marginally. The S&P is down -0.71%, and the NASDAQ index is down about 1.10% This article was written by Greg Michalowski at investinglive.com.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"ForexLive","tags":["ETH","EUR","US","USD","NASDAQ","EURUSD","GBP","GBPUSD","JPY","MA","USDJPY"]},{"id":2017,"title":"Zcash weighs new shielded pool after counterfeiting flaw","url":"https://cointelegraph.com/news/zcash-new-shielded-pool-orchard-counterfeiting-bug?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound","published_at":"2026-06-05T13:18:41Z","summary":"Zcash developers are weighing a new shielded pool and turnstile accounting after the Orchard bug raised supply verification questions.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"CoinTelegraph","tags":[]},{"id":1989,"title":"CoinDesk 20 performance update: Bitcoin (BTC) price drops 2.8% as index declines","url":"https://www.coindesk.com/coindesk-indices/2026/06/05/coindesk-20-performance-update-bitcoin-btc-price-drops-2-8-as-index-declines","published_at":"2026-06-05T13:10:39Z","summary":"All twenty constituents in the CoinDesk 20 index were trading lower since yesterday.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"CoinDesk","tags":["BTC"]},{"id":2075,"title":"USD/JPY climbs above 160 then plunges as non-farm payrolls crushes expectations","url":"https://investinglive.com/forex/usdjpy-climbs-above-160-the-plunges-as-non-farm-payrolls-crushes-expectations-20260605/","published_at":"2026-06-05T13:02:52Z","summary":"USD/JPY is into the intervention danger zone following a strong non-farm payrolls report.The chart tells the story as the last time the pair traded up here in late April, the Japanese MOF came in with the hammer and knocked it down to 155.75 in short order. Anyone buying here is betting that this time they don't intervene. In that vein, the pair just quickly fell by 50 pips.The pair rose to 160.22 from 159.88 on the release of the US jobs report. It showed 172K jobs created in May compared to 85K expected. The prior two reports were also revised up by a collected 72K jobs, meaning the past three months have been strong.That will make it untenable for the Fed doves to maintain their stance that the jobs mandate is problematic. Instead, it's inflation at 3.8% that's the problem they will need to address. US 2-year yields are up 9.6 bps to 4.14% on the release and the market is now fully pricing in a hike at the December meeting. September is now the battleground with pricing at close to 50% in a sharp move higher since the release.The employment numbers will make for an uncomfortable start for new Fed chair Kevin Warsh. He replaced Jerome Powell after many months of Trump heckling the FOMC leader for not cutting rates. Now he's hand-picked successor -- who got the job by talking about cutting rates -- may be forced to lift them or risk falling further behind the curve.Today's jobs number add to a theme I've been writing about frequently: That the Fed is falling behind the curve. There is a powerful elixir driving inflation in the USA that includes huge deficits, the Iran war, low immigration, the Big Beautiful Bill, the AI capex super-cycle, tariffs and now the improving jobs picture. This article was written by Adam Button at investinglive.com.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"ForexLive","tags":["AI","US","USD","FED","FOMC","JPY","USA","MOF"]},{"id":2052,"title":"BTCC Exchange Turns 15: Kicking Off the Anniversary with The World Cup Showdown","url":"https://www.investing.com/news/cryptocurrency-news/btcc-exchange-turns-15-kicking-off-the-anniversary-with-the-world-cup-showdown-4728615","published_at":"2026-06-05T13:00:36Z","summary":null,"ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"Investing.com (Crypto)","tags":["BTC","BTCC"]},{"id":2018,"title":"Bitcoin needs one more thing to happen to spark BTC price 'rally:' Analysis","url":"https://cointelegraph.com/markets/bitcoin-needs-one-more-thing-to-happen-to-spark-btc-price-rally-analysis?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound","published_at":"2026-06-05T13:00:00Z","summary":"Bitcoin whales flipped to support a BTC price rebound, but analysis warned that the Coinbase and Kimchi Premium still needed to return.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"CoinTelegraph","tags":["BTC"]},{"id":1990,"title":"U.S. job growth blows past forecasts, setting stage for Fed rate hikes","url":"https://www.coindesk.com/markets/2026/06/05/u-s-job-growth-blows-past-forecasts-setting-stage-for-fed-rate-hikes","published_at":"2026-06-05T12:57:14Z","summary":"Bitcoin is now facing another headwind — the prospect of higher interest rates.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"CoinDesk","tags":["FED"]},{"id":1991,"title":"Bearish zcash bets hit record high as privacy token's price crashes","url":"https://www.coindesk.com/markets/2026/06/05/bearish-zcash-bets-hit-record-high-as-privacy-token-s-price-crashes","published_at":"2026-06-05T12:54:02Z","summary":"Liquidations were small relative to the size of the decline, pointing to spot selling rather than a leverage cascade, while open interest in ZEC futures climbed to a record high in token terms as traders crowded into the slide from the short side.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"CoinDesk","tags":["ZEC"]},{"id":2019,"title":"House GOP eyes summer vote on prediction market restrictions for lawmakers","url":"https://cointelegraph.com/news/house-gop-summer-vote-ban-lawmakers-prediction-markets?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound","published_at":"2026-06-05T12:46:44Z","summary":"House Republicans plan a summer vote on a congressional stock trading ban and new restrictions on lawmakers’ prediction market activity.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"CoinTelegraph","tags":["GOP"]},{"id":2020,"title":"JPMorgan, Citi-backed Clearing House plans tokenized deposit network in 2027: WSJ","url":"https://cointelegraph.com/news/jpmorgan-citi-bank-of-america-launch-tokenized-deposit-system-2027?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound","published_at":"2026-06-05T12:39:32Z","summary":"Some of the largest banks are reportedly launching a tokenized deposit network in early 2027 in response to growing competition from stablecoin companies entering TradFi.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"CoinTelegraph","tags":["WSJ"]},{"id":2076,"title":"Canada employment change 87.8 K vs 10.0 estimate. The unemployment rate falls to 6.6%","url":"https://investinglive.com/news/canada-employment-change-878-k-vs-100-estimate-the-unemployment-rate-falls-to-66-20260605/","published_at":"2026-06-05T12:30:35Z","summary":"The employment change -17.7 K revised to xxKEmployment change change 87.8K vs 10.0K estimateUnemployment rate 6.6% versus 6.9% estimate . Prior month 6.9%.Full-time employment change 154.0K versus -46.7L ;ast month.Part-time employment change -66.2Kvs. 29.0 K last monthaverage hourly wages or permanent employees 3.2% vs 4.8% last month Employment rose among employees in both the private sector (+56,000; +0.4%) and the public sector (+20,000; +0.4%) in May. The number of self-employed workers was little changed.On the surface a very strong number. The US had a stronger than expected jobs report as well. The USDCAD is trading at 1.3876 down from 1.3890 prior to the report.Details from Statistics CanadaEmployment increased by 88,000 (+0.4%) in May, the first significant employment gain since November 2025. The increase in May follows a net decline of 112,000 (-0.5%) over the first four months of 2026. On a year-over-year basis, employment was up by 147,000 (+0.7%) in May.The number of people working full-time rose by 154,000 (+0.9%) in May. The increase in the month offsets a downward trend observed from January to April, in which the number of full-time workers fell by 156,000 (-0.9%). In May, part-time employment decreased by 66,000 (-1.7%).The unemployment rate ticked down to 6.6%. The unemployment rate was at 6.5% in January so the price is moving back down toward that levelWhere were the jobs created:Looking at the components of the job creation, construction was the strongest while wholesale and retail trade was the weakest. 11 component industries saw advances in jobs while five saw declines:Construction: Employment increased by 27,000 (+1.7%), the largest gain among major industries. Despite the monthly increase, employment was little changed from a year ago. Information, Culture and Recreation: Employment rose by 19,000 (+2.3%), one of the strongest percentage gains in May. Employment was little changed compared with May 2025. Transportation and Warehousing: Employment increased by 19,000 (+1.7%). Compared with a year ago, employment was up 36,000 (+3.4%), making it one of the stronger-performing sectors over the past 12 months. Accommodation and Food Services: Employment climbed by 17,000 (+1.5%). Employment was up 34,000 (+3.0%) from a year earlier, reflecting continued strength in consumer-facing services. Manufacturing: Employment increased by 15,000 (+0.8%). Employment was little changed from a year ago but remained 44,000 (-2.3%) below January 2025 levels. The sector continues to face uncertainty related to U.S. tariff policies and broader economic concerns. Wholesale and Retail Trade: Employment fell by 35,000 (-1.2%), the largest decline among major industries. Employment has been trending lower since October 2025 and was down 64,000 (-2.1%) compared with a year ago. Key Takeaway Employment gains were broad-based across several industries, led by construction, transportation and warehousing, accommodation and food services, information, culture and recreation, and manufacturing. The primary area of weakness remained wholesale and retail trade, which continued its downward trend. Overall, the report points to a labor market that is finding support in service-oriented and transportation-related sectors, while retail employment remains under pressure. The USDCAD was trading near 1.3890 ahead of the report. It is trading modestly lower to 1.3875 off of the initial move. Overview of the Labour Survey:For background, the Labour Force Survey, published monthly by Statistics Canada, provides comprehensive data on employment, unemployment, and labour force participation across Canada. Released on the first or second Friday of each month at 8:30 a.m. ET, the report surveys approximately 56,000 households and tracks employment changes by industry, province, full-time versus part-time status, and demographic characteristics. The survey measures not only net job creation but also unemployment rates, wage growth, and labour force participation, offering insights into the health of Canada's economy. The data is closely monitored by the Bank of Canada when setting monetary policy and by economists assessing economic conditions. At the moment, there are no further cuts priced in for the Bank of Canada.Below is a summary of the recent Bank of Canada expectations:Here's a summary of the Bank of Canada's current policy stance and outlook based on recent official communications:Current Rate: 2.25% — On HoldThe Bank held its policy rate at 2.25% at its April 29 meeting. The labour market remains soft, with the unemployment rate in the 6.5%–7% range, and while consumer and government spending are supporting the economy, tariffs and trade uncertainty are weighing on exports and business investment. The Rate Path — Neutral Bias, But Two-Sided RisksGovernor Macklem stated that \"a policy rate close to current settings looks appropriate\" to support economic adjustment and return inflation to target — assuming oil prices come down and US tariffs remain at current levels. Macklem said current rates \"look appropriate,\" but warned that if oil prices keep rising and remain elevated for an extended period, \"there may be a need for consecutive increases in the policy rate.\" The Middle East War & InflationThe BoC expects inflation to peak around 3% in April and ease back to the 2% target by early next year. Governing Council agreed to \"look through\" the war's immediate impact on inflation — but drew a clear line: \"if energy prices stay high, we will not let their effects become persistent inflation.\" Growth OutlookThe Bank's April forecast projects GDP growth of 1.2% in 2026, rising to 1.6% in 2027 and 1.7% in 2028 as exports and business investment gradually recover. The war in Iran may alter the composition of growth, but since Canada is a large net exporter of oil, higher oil prices increase national income even as they squeeze consumers. Structural ConcernsMacklem signalled a somewhat hawkish lean in a February speech, warning that \"monetary policy should not try to compensate for lost supply,\" and reinforcing market expectations that the central bank will remain on hold through 2026. He noted that \"the path for potential output is lower because of increased trade friction and slower population growth,\" adding long-term unpredictability to how fast the economy can grow without generating inflation.Key Upcoming DateThe next rate announcement is scheduled for June 10, 2026, with the next Monetary Policy Report to follow on July 15. Bank of CanadaIn short, the BoC is firmly on hold, leaning neutral-to-hawkish due to energy-driven inflation risks, while keeping the door open to cuts only if trade headwinds worsen significantly and energy prices retreat as expected. This article was written by Greg Michalowski at investinglive.com.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"ForexLive","tags":["OIL","ETH","US","USD","GDP","USDCAD","ET"]},{"id":2077,"title":"US May non-farm payrolls +172K vs +85K expected","url":"https://investinglive.com/news/us-may-non-farm-payrolls-172k-vs-85k-expected-20260605/","published_at":"2026-06-05T12:30:06Z","summary":"This is a great report.Prior was +115K (revised to +179K)Two-month net revision +93KMarch was +185K (revised to +214K) Unemployment rate 4.3% vs 4.3% expectedPrior unemployment rate 4.3%Unrounded unemployment 4.296% vs 4.337% priorParticipation rate 61.8% vs 61.8% priorU6 underemployment rate 8.1% vs 8.2% priorAverage hourly earnings +0.3% m/m vs +0.3% expectedAverage hourly earnings +3.4% y/y vs +3.4% expectedAverage weekly hours 34.3vs 34.3 expectedChange in private payrolls +120K vs +85K expectedChange in manufacturing payrolls +7K vs +2K expectedGovernment payrolls +52K vs -8K in AprilThe May jobs report blew past a low bar. Nonfarm payrolls rose 172K, topping every forecast in a consensus range that maxed out near 125K, and the back months were marked up hard — March to +214K and April to +179K, a net +93K revision that flips the recent run of downward revisions on its head.The details back the headline. The unemployment rate held at 4.3% but eased on an unrounded basis to 4.296% from 4.337%. Wages firmed, with average hourly earnings up 0.3% on the month and the workweek steady at 34.3 hours. Leisure and hospitality led with +70K, local government added 55K and health care 35K. The soft spots were narrow: financial activities shed 22K and manufacturing barely budged at +7K.This is not a labor market crying out for help, and the rates market noticed. Odds of a December hike have jumped to 61% from 45% — a continuation of the repricing for a Fed that markets were flirting with cutting in July before the Iran war. With inflation stuck at 3.8% and hiring re-accelerating, the \"low-hire, low-fire\" standoff suddenly looks like it's tilting toward hire, and that's the version of the economy that suggests the Fed could be falling behind the curve.In response, USD/JPY is but about a dozen pips and back through 160.00. EUR/USD has quickly fallen to 1.1605 from 1.1640. S&P 500 futures have turned more deeply negative and are down 0.6%. In the rates market, it's a stronger move with yields up 7-4 bps and led by the front end. This article was written by Adam Button at investinglive.com.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"ForexLive","tags":["EUR","US","USD","FED","JPY","PPI"]},{"id":2021,"title":"How low can Bitcoin price go if $60K support fails?","url":"https://cointelegraph.com/markets/how-low-can-bitcoin-price-go-if-60k-support-fails?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound","published_at":"2026-06-05T12:24:23Z","summary":"Bitcoin’s downside targets cluster near $50,000, but a larger weekly bearish setup puts a deeper correction toward $33,000 on the radar.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"CoinTelegraph","tags":[]},{"id":2078,"title":"The USD is lower ahead of the US jobs report. What are the technicals telling traders","url":"https://investinglive.com/technical-analysis/the-usd-is-lower-ahead-of-the-us-jobs-report-what-are-the-technicals-telling-traders-20260605/","published_at":"2026-06-05T12:15:15Z","summary":"IN the video above, I take a look at a technical driving the EURUSD, USDJPY and GBPUSD. After the USD rose North American session erasing earlier declines and closing little changed, the Iraqis lower today with a decline of -0.37% versus the GBP and -0.28% versus the EUR. Versus the JPY, the greenback is lower by -0.12%. The US dollar is lower versus the Canadian dollar by -0.19%.I also take a look at its technicals ahead of the dual job report releases at the bottom of the hour. Yields in the US are modestly lower (less than 1%) . US stocks in premarket trading are mixed with the Dow higher and the Nasdaq under pressure. The futures are implying:Dow +100 pointsS&P index -29.06 point NASDAQ index -296 pointsCrude oil prices are modestly lower down $0.14 on the day at $92.88. Gold is down by $6.80 or -0.14% and silver is down by $-1.08 or -1.3%.The price of bitcoin is lower reaching a new cycle low of $61,073. The next target would be the low price from February 6 that $59,930. The current price is trading off the lows at $61,928.At 8:30 AM ET, both the United States and Canada will release their May employment reports, making it one of the most important economic events of the week for North American markets. Traders will be closely watching the U.S. Non-Farm Payrolls report for clues on the pace of hiring, wage growth, and labor market strength, while Canada's employment data will provide insight into whether the labor market is stabilizing after last month's job losses. The results are likely to influence expectations for future Federal Reserve and Bank of Canada policy decisions and could trigger volatility in currencies, bonds, and equity markets.United States (May Employment Report Expectations) Non-Farm Payrolls (NFP): +85K vs. +115K prior Private Payrolls: +85K vs. +123K prior Manufacturing Payrolls: +2K vs. -2K prior Unemployment Rate: 4.3% vs. 4.3% prior Average Hourly Earnings (MoM): +0.3% vs. +0.2% prior Average Hourly Earnings (YoY): +3.4% vs. +3.6% prior Average Workweek: 34.3 hours vs. 34.3 prior Labor Force Participation Rate: 61.8% U6 Underemployment Rate: 8.2% Canada (May Employment Report Expectations) Employment Change: +10.0K vs. -17.7K prior Unemployment Rate: 6.9% vs. 6.9% prior Participation Rate: 65.1% vs. 65.0% prior Average Hourly Wages (Permanent Employees YoY): 4.8% Full-Time Employment Change: Prior -46.7K Part-Time Employment Change: Prior +29.0K What Markets Will Be Watching Whether U.S. job growth slows further toward the 100K level. Whether U.S. wage growth remains firm despite softer hiring. With inflation higher, having wages fall behind takes more money from consumers but also raises the cost of production (all things equal) for corporation Whether Canada's labor market rebounds from April's decline. Any surprises that could alter expectations for Fed or Bank of Canada interest-rate policy.Overnight in Lebanon / Hezbollah Front Israel's deadly strikes are continuing across Lebanon, killing at least six people today, despite the announcement of a new US-brokered ceasefire agreed between Lebanese and Israeli officials in Washington. Israel is also ordering the forced displacement of at least nine towns and villages in southern LebanonAn Israeli soldier was killed by a Hezbollah anti-tank missile in southern Lebanon on Thursday, on the first day of the latest ceasefire attempt. Hezbollah, which is not party to the deal, has rejected the pact.US–Iran Diplomacy President Trump warned he would quickly resume military action if US troops are killed, as an adviser to Iran's Supreme Leader accused him of pressuring Tehran for concessions while keeping US commitments unclear. Trump said Iran negotiations could show progress \"over the weekend,\" even as he warned the US could return to war if talks fail. Iran has informed Pakistan of acceptance of it uranium to a 3rd party country that agrees to it. , but US would not release request to release the Iranian's frozen funds. There are also other skirmishes and warning shots. Iran Navy (I thought it was destroyed so take with a grain of salt), fired warning shots toward an aggressive American destroyer. Trump also said Thursday he would be open to meeting with Iran's new supreme leader if there's an agreement to end the war. This article was written by Greg Michalowski at investinglive.com.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"ForexLive","tags":["OIL","ETH","EUR","US","USD","GOLD","NASDAQ","EURUSD","FED","GBP","GBPUSD","JPY","USDJPY","NFP","ET","AM","IN"]},{"id":1992,"title":"Live updates: bitcoin tumbles to $60,000 as blowout jobs data, Zcash bug keeps pressure on crypto","url":"https://www.coindesk.com/tech/2026/06/05/live-updates-bitcoin-below-usd62-000-ahead-of-jobs-data-as-zcash-bug-rocks-crypto","published_at":"2026-06-05T12:08:26Z","summary":"Zcash plummeted 40% after Shielded Labs revealed a major bug that went undetected for 4 years.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"CoinDesk","tags":[]},{"id":1993,"title":"Arthur Hayes dumps zcash holdings after Orchard Pool vulnerability revealed","url":"https://www.coindesk.com/markets/2026/06/05/arthur-hayes-dumps-zcash-holdings-after-orchard-pool-vulnerability-revealed","published_at":"2026-06-05T11:57:22Z","summary":"Hayes said he would reconsider his stance if his assumptions that an exploit is still possible prove to be incorrect.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"CoinDesk","tags":[]},{"id":2079,"title":"investingLive European markets wrap: A mixed mood waiting on NFP, US-Iran developments","url":"https://investinglive.com/news/investinglive-european-markets-wrap-a-mixed-mood-waiting-on-nfp-us-iran-developments-20260605/","published_at":"2026-06-05T11:43:43Z","summary":"Headlines:Another episode of the boy who cried wolf set to air later today?Explosion halts crude loading at Oman's Mina al Fahal in conflict escalationAmerica still refuses Iran's request to unfreeze the frozen funds - Al ArabiyaSemiconductors continue to struggle ahead of the Wall Street openWhat is the distribution of forecasts for the US NFP?What are analysts expecting from the US jobs report later today?How have interest rate expectations changed after this week's event?Euro area economic growth revised down to reflect a contraction in Q1 2026French trade deficit narrows slightly in April on diversified energy importsUK house prices ease just a touch in May as housing market keeps more resilientMarkets:WTI crude lightly changed at $93.03GBP leads, USD lags on the dayEuropean indices sit higher, DAX up 0.3% and CAC 40 up 0.6%US futures mixed with Nasdaq futures down 1.0%, Dow futures up 0.2%US 10-year yields flat at 4.475%Gold down 0.2% to $4,465Bitcoin down 2.1% to $62,244As we count down to the final stretch of the week, there is still no US-Iran deal in sight.For all the talk of it being \"imminent\" and \"very close\", there's still nothing to show for after another week. Both sides continue to maintain key red lines in approaching any agreement. So, it is essentially a case of nothing can be agreed until everything is agreed upon.The latest headlines continue to suggest that a standoff remains on the Israel-Hezbollah ceasefire, while Iran is suspected to have struck one of Oman's major crude oil facility overnight. As such, tensions are continuing to persist while awaiting any deal announcement.Oil prices remain little changed on the day, with WTI crude sitting at $93.03.Meanwhile, the dollar is slightly lower across the board amid a more mixed market mood on the session. EUR/USD is up 0.2% to 1.1637 while USD/JPY is down 0.1% to 159.89 with the latter continuing to test the limits of Tokyo officials near the 160 level.The equities space continues to offer more interest and intrigue though. European stocks are sitting slightly higher on the day but US futures are keeping more mixed once again.Much like yesterday, semiconductor shares are lagging and that's dragging down the overall mood among tech shares ahead of the Wall Street open later. Dow futures are up 0.2% but S&P 500 futures are down 0.4% with Nasdaq futures down 1.0% currently.Besides that, precious metals are also sitting lower with gold down 0.2% to $4,465 and silver down 1.5% to $72.67 on the day.Coming up, we'll have the US non-farm payrolls to add to the mix before keeping the focus on any US-Iran headlines before the weekend comes along. Will Trump come out to try and lift the broader market mood once again before the closing bell? This article was written by Justin Low at investinglive.com.","ai_summary":null,"ai_effect":null,"ai_impact_level":null,"ai_usd_effect":null,"ai_gold_effect":null,"source":"ForexLive","tags":["OIL","EUR","US","USD","GOLD","WTI","GBP","JPY","NFP","CAC","DAX"]}],"sources":["CoinDesk","CoinTelegraph","ForexLive","Investing.com (Crypto)","Investing.com (News)","MarketWatch Top Stories"]}