📈 Stocks / Finance

S&P 500 gains as U.S.-China trade talks renew optimism

CNBC

The S&P 500 rose 0.09% to 6,005.88 as U.S. and China resumed trade talks in London. Semiconductor stocks surged—Qualcomm jumped 4% on a $2.4B Alphawave deal. Apple slipped 1.2% post-WWDC. CPI and PPI data due later this week may impact sentiment.

Nvidia boosts UK AI efforts with major GPU deals

Investor’s Business Daily

Nvidia announced UK infrastructure deals, including 14,000 Blackwell GPUs for Nscale and Nebius. It also launched a Sovereign AI Forum and plans a new AI tech center. Nvidia stock rose 0.6% to 142.63 after the London Tech Week reveal.

UNFI Stock Drops After Cyberattack Disruption

Investopedia

United Natural Foods (UNFI) shares fell over 8% after disclosing IT system disruptions from 'unauthorized activity.' The incident affected order fulfillment and pushed the stock negative YTD ahead of Tuesday’s Q3 earnings. Third-party cybersecurity firms are assisting.

🪙 Crypto

Crypto fund assets hit $167B amid diversification shift

Reuters

Crypto funds saw $7.05B in inflows in May, pushing AUM to a record $167B. Bitcoin rose 15% in 3 months, outpacing gold and equities. U.S. ETF approvals and weakening faith in traditional markets are driving institutional adoption and portfolio diversification.

🌎 Global Economy

AI wages, fintech for MSMEs, and digital finance interoperability reshape global growth

ZAWYA

AI-driven roles show 56% wage premiums and 4x productivity gains. Fintech adoption enables MSMEs to reduce costs and access global markets. Interoperability in digital finance enhances compliance and real-time data exchange, making it a cornerstone of global commerce.

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