📈 Stocks / Finance

Stocks hit record highs despite weak jobs data

CNBC

The S&P 500 and Nasdaq closed at all-time highs even as revised BLS data cut 12-month job gains by 911,000, the steepest drop since 2002. Investors shrugged off the revision, betting on Fed rate cuts ahead of CPI and PPI reports that could shift the inflation outlook.

CoreWeave stock climbs on launch of AI-focused VC arm

Yahoo Finance

CoreWeave shares rose 4% after launching CoreWeave Ventures, a new initiative offering capital, compute, and go-to-market support for AI startups. Backed by Nvidia, the firm has gained ~150% since its March IPO, reflecting investor confidence in AI infrastructure growth.

UnitedHealth stock surges 9% on Medicare Advantage ratings

Investopedia

UnitedHealth shares rose 9% after estimating that 78% of its Medicare Advantage enrollees will qualify for CMS quality bonus payments. The rebound follows April's major sell-off tied to MA-related earnings cuts and increased scrutiny of health care costs.

🪙 Crypto

Solana, XRP surge as ETF optimism lifts crypto market past $4T

Yahoo Finance

Solana and XRP rose on ETF speculation, helping the crypto market briefly exceed $4T. Solana hit $219.50, XRP neared $3. Inflows into Solana and XRP ETPs topped $2.3B YTD. Traders expect U.S. ETF approvals to drive further gains amid Ethereum outflows.

🌎 Global Economy

IMF: Stablecoins could reshape global finance, heighten risks

European Sting

The IMF warns stablecoins may speed cross-border payments but risk dollarization, capital volatility, and banking disruption. Analysts highlight weak regulation and stress-test fragility. Broader fintech trends challenge traditional systems, requiring proactive public policy.