BlackRock investment executive Rick Rieder said at the CNBC CEO Council Summit in Washington, D.C., on Tuesday that he remains constructive on stocks, arguing cash is still being put back to work and earnings forecasts support the AI-driven rally. He pointed to "20%-plus" projected earnings growth and said buying at current multiples is "actually not that scary," while warning about crowding, momentum trading and heavy market financing.

US job openings increased to 7.6 million in April, up 731,000 from March and the highest level since May 2024. Hiring moved the other way as employers added 5.12 million workers, down 419,000, while quits fell to just under 3 million, the lowest since August 2020.

Kalshi traders are positioning for slower job growth in May than April, but they still lean toward a result above the 90,000-job Dow Jones consensus. On Monday, the market implied a 56% chance the nonfarm payrolls figure beats Wall Street expectations, with 49% odds for more than 100,000 jobs and 40% for more than 110,000. The Bureau of Labor Statistics report is due Friday ahead of the Fed's June 16-17 meeting under Chair Kevin Warsh.

Barry Diller's People Inc. has made an all-cash proposal to acquire MGM Resorts for $48.30 per share. People, formerly known as IAC, already holds about a 26.1% stake in MGM, and Diller said he would recuse himself from board deliberations on the potential transaction.

The S&P 500 ended the last trading day of May at a record close, but only 20 constituents posted their own all-time highs, most tied to AI-related themes. Bank of America's Michael Hartnett compared the narrow leadership to March 2000, while May's surge was led by chipmakers such as AMD (+50%) and Micron (+85%).

New research from the AI-Driven Enterprise Institute (AIDE) evaluates how S&P 500 companies are adopting AI across four pillars and assigns scores up to 100. Nvidia, Amazon, Meta and SLB (formerly Schlumberger) earned top overall results, while Walmart, AES and NextEra Energy followed with scores in the mid-90s. The open-source index uses public signals such as earnings-call transcripts, job postings and patent filings to benchmark adoption rather than financial impact.

Oklahoma voters will decide State Question 832 in a special election on June 16, alongside the state’s primary contests for federal, state and local offices. The measure would lift the state minimum wage from $7.25 to $12 in 2027, $13.50 in 2028 and $15 in 2029, then apply annual cost-of-living adjustments. The proposal has split business organizations and wage-raise advocates, and observers say the result could signal how voters view inflation and the broader economy.

Enterprise AI is proving significantly more expensive than many companies expected, pushing CFOs to weigh increased token spend against future hiring plans. CEOs at Glean and Factory AI say Fortune 500 buyers are shifting from indiscriminate usage to tighter model selection, as annual AI budgets are being used up in just one or two months.

Kalshi said Friday it will seek to launch perpetual futures contracts, starting with crypto perps, positioning them as a regulated option for U.S. traders. The company said offshore perpetuals expanded from $28 trillion in annual volume in 2023 to more than $90 trillion in 2025, and that its products would be offered under Commodity Futures Trading Commission supervision.