Wall St Engine
CHINA VP HAN ZHENG says U.S.-China ties are at a "CRITICAL JUNCTURE," urging mutual respect and peaceful coexistence. Speaking during a high-level Track II dialogue with a U.S. delegation, he emphasized cooperation is in both nations’ interests & key to global peace – state media
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CHINA VP HAN ZHENG says U.S.-China ties are at a "CRITICAL JUNCTURE," urging mutual respect and peaceful coexistence. Speaking during a high-level Track II dialogue with a U.S. delegation, he emphasized cooperation is in both nations’ interests & key to global peace – state media
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Wall St Engine
Palantir $PLTR is partnering with Bolt to deliver smarter, personalized checkouts using AI and shopper data.
The system will remember user preferences, suggest items, and pick preferred payment methods—right inside retailer sites or AI chatbots.
Bolt CEO Ryan Breslow, back at the helm after two years, says the partnership revives Bolt’s original vision. Bolt was last valued at $11B in 2022
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Palantir $PLTR is partnering with Bolt to deliver smarter, personalized checkouts using AI and shopper data.
The system will remember user preferences, suggest items, and pick preferred payment methods—right inside retailer sites or AI chatbots.
Bolt CEO Ryan Breslow, back at the helm after two years, says the partnership revives Bolt’s original vision. Bolt was last valued at $11B in 2022
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Wall St Engine
SUZANO, KIMBERLY-CLARK FORM $3.4B GLOBAL TISSUE JV:
Suzano is buying 51% of a new tissue products venture with $KMB for $1.73B. The Netherlands-based company will operate 22 plants across 14 countries, making 1M tonnes of product a year. Kimberly-Clark keeps U.S. operations, while Suzano takes the global lead. Deal expected to close mid-2026.
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SUZANO, KIMBERLY-CLARK FORM $3.4B GLOBAL TISSUE JV:
Suzano is buying 51% of a new tissue products venture with $KMB for $1.73B. The Netherlands-based company will operate 22 plants across 14 countries, making 1M tonnes of product a year. Kimberly-Clark keeps U.S. operations, while Suzano takes the global lead. Deal expected to close mid-2026.
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Wall St Engine
Google CEO Pichai on whether AGI is inevitable:
"Oh, it's entirely possible [we don't reach AGI]... But the pace of progress is staggering...There could be limitations in the technology... both the technology is amazing, but we are quite far from a generalist technology as well" https://t.co/BlX0N6MIPn
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Google CEO Pichai on whether AGI is inevitable:
"Oh, it's entirely possible [we don't reach AGI]... But the pace of progress is staggering...There could be limitations in the technology... both the technology is amazing, but we are quite far from a generalist technology as well" https://t.co/BlX0N6MIPn
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ROBINHOOD HITS RECORD $250B IN ASSETS
$HOOD Trading volumes jumped across the board—stocks up 10%, options up 5%, crypto surged over 30% vs. April. Margin balances and cash sweeps also hit new highs at $9B and $30B. Net deposits YTD? $28B—up 40% from last year. https://t.co/B5b39CxrxK
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ROBINHOOD HITS RECORD $250B IN ASSETS
$HOOD Trading volumes jumped across the board—stocks up 10%, options up 5%, crypto surged over 30% vs. April. Margin balances and cash sweeps also hit new highs at $9B and $30B. Net deposits YTD? $28B—up 40% from last year. https://t.co/B5b39CxrxK
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Wall St Engine
BOEING TAPS JACOBS FOR ST. LOUIS DEFENSE EXPANSION
Jacobs $J has been chosen to lead design, engineering, and environmental work on $BA's multi-billion campus expansion in St. Louis. The 1.1M sq. ft. project—set to wrap up between 2026 and 2030—aims to nearly double Boeing’s manufacturing space, supporting next-gen aircraft production.
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BOEING TAPS JACOBS FOR ST. LOUIS DEFENSE EXPANSION
Jacobs $J has been chosen to lead design, engineering, and environmental work on $BA's multi-billion campus expansion in St. Louis. The 1.1M sq. ft. project—set to wrap up between 2026 and 2030—aims to nearly double Boeing’s manufacturing space, supporting next-gen aircraft production.
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UNITED BECOMES 1ST AIRLINE TO STREAM AUDIOBOOKS & VIDEO PODCASTS IN-FLIGHT
$UAL and $SPOT are teaming up to bring 450+ hours of free content to over 130,000 seatback screens—many with 4K and Bluetooth. Flyers can now enjoy Spotify playlists, audiobooks, and video podcasts like The Dave Chang Show and Good Hang with Amy Poehler. Personal logins and synced playback coming in 2026.
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UNITED BECOMES 1ST AIRLINE TO STREAM AUDIOBOOKS & VIDEO PODCASTS IN-FLIGHT
$UAL and $SPOT are teaming up to bring 450+ hours of free content to over 130,000 seatback screens—many with 4K and Bluetooth. Flyers can now enjoy Spotify playlists, audiobooks, and video podcasts like The Dave Chang Show and Good Hang with Amy Poehler. Personal logins and synced playback coming in 2026.
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Wall St Engine
U.S. employers announced 93,816 job cuts in May, up 47% from last year but down 12% from April, per Challenger, Gray & Christmas. Year-to-date cuts are nearing 700,000, already 80% above the 2024 pace.
Sectors seeing the biggest hits include services (22K), retail (11K), and tech (10K).
Layoffs tied to DOGE-related reductions still lead, but economic conditions and restructuring are rising causes.
Meanwhile, May hiring plans jumped 129% YoY, though overall hiring is still tracking below post-pandemic levels.
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U.S. employers announced 93,816 job cuts in May, up 47% from last year but down 12% from April, per Challenger, Gray & Christmas. Year-to-date cuts are nearing 700,000, already 80% above the 2024 pace.
Sectors seeing the biggest hits include services (22K), retail (11K), and tech (10K).
Layoffs tied to DOGE-related reductions still lead, but economic conditions and restructuring are rising causes.
Meanwhile, May hiring plans jumped 129% YoY, though overall hiring is still tracking below post-pandemic levels.
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