United StatesBreaking News

US job growth topped all forecasts in May and the unemployment rate held steady at 4.3%, offering the clearest sign yet that the labor market may be breaking out of a prolonged period of lackluster hiring. Frances Donald, Chief Economist at RBC, discusses the jobs data and what it signals for the US economy as inflation begins to outpace wage growth.

On this episode of Stock Movers with Alexis Christoforous: - Lululemon (LULU) shares are lower after it lowered its annual forecast due to deteriorating performance in North America. - DocuSign (DOCU) shares are lower after reporting earnings. While it reported a rise in 1st quarter profit, the annual recurring revenue rate was unchanged and investors may be looking for a return to double digit growth. - Coinbase (COIN) shares are lower as Bitcoin slides below $62,000 this morning. Ether is also declining.

Bloomberg Intelligence tech credit analyst Robert Schiffman says that the borrowing spree to fund the AI buildout is coming from ``the Mount Rushmore'' of credit and that ``there is no AI bubble.'' He spoke with Bloomberg News' Paula Seligson in a panel alongside BI colleagues Noel Hebert and Jody Lurie at the Bloomberg Global Credit Forum in New York on June 3.

Scott Goodwin, co-founder and managing partner at Diameter Capital Partners, says that business development companies will face pressure to sell their highest-quality loans to software companies at a discount as banks tighten their grip on the private credit funds. Goodwin speaks with Bloomberg TV's Dani Burger at the Bloomberg Global Credit Forum in New York on June 3.

Sanctuary Wealth Chief Investment Strategist Mary Ann Bartels says technology stocks are "extremely overbought" from a technical standpoint and were overdue for a pullback during an interview with Matt Miller on "Bloomberg Open Interest."

The markets are "terribly wrong" to price in an interest rate hike this year by the Federal Reserve, says National Economic Council Director Kevin Hassett. He speaks on "Bloomberg Open Interest." US job growth topped all estimates in May.

NextNRG (NASDAQ:NXXT) announced preliminary, unaudited financial results for May 2026, highlighting a 41% year-over-year increase in revenue to $9.3 million, compared to $6.6 million in the same month last year.

StealthGas (NASDAQ:GASS) reported a solid start to the 2026 fiscal year, with first-quarter net income reaching $15.9 million, up from $14.1 million during the same period a year earlier.

BlackRock Global Fixed Income CIO Rick Rieder says the US economy is tricky right now, comparing it to a three-month-old birthday cake where the icing tastes great but underneath isn't so good. Speaking with Matt Miller on "Bloomberg Open Interest," Rieder says AI will change the ecosystem and the Federal Reserve should pull back a bit to evaluate.

BlackRock Global Fixed Income CIO Rick Rieder reacts to the May US employment report. Speaking with Matt Miller on "Bloomberg Open Interest," Rieder calls the report "fascinating" in many regards, including a strong construction sector driven by nonresidential projects linked to AI infrastructure buildout.

Edesa Biotech (NASDAQ:EDSA) announced favorable exploratory findings for its lead therapeutic candidate, paridiprubart, in patients suffering from acute kidney injury (AKI) and concurrent respiratory distress.

Jeffrey Rosenberg, BlackRock portfolio manager of the Systematic Multi-Strategy Fund, says after the May payrolls report, they're on the precipice of pricing in a full rate hike for this year. But he says policymakers are in no hurry to raise rates. He speaks on "Bloomberg Surveillance."