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☆ Talent sourcing has never been easier with this AI-powered recruitment product. Here's how it works.
▼ + stars: | 2024-06-04 | by ( Sponsor Post | ) www.businessinsider.com time to read: +9 min

Building on the Indeed Resume product, which allows recruiters to search the 295 million resumes on Indeed, Smart Sourcing adds the efficiency of AI to your talent sourcing. Rather than manually filtering through talent, Smart Sourcing's algorithms match active candidates to your open roles. As you accept or reject candidates, the Smart Sourcing AI will learn what you prefer over time. "Smart Sourcing serves up appropriate candidates that tend to be more eager to respond and are active on Indeed. Getting started with Smart SourcingSmart Sourcing subscriptions are available starting today, and existing Indeed Resume subscriptions have transitioned to Smart Sourcing.

Persons: —, Smart, Donal McMahon, Harris, Smart Sourcing's, they've, you've, McMahon Organizations: Harris Poll, Smart, Universal Health Services, UHS, Employers, Insider Studios Locations: Puerto Rico, United States

☆ I'm self-employed, and I've found 6 essential ways to invest in my business
▼ + stars: | 2024-06-04 | by ( Aleenah Ansari | ) www.businessinsider.com time to read: +5 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewRunning a freelance writing business has brought many learning curves, and one of my biggest realizations is the importance of investing in myself. After three years of running my business, I have six tools that have been the most valuable. The Libby app for reading and learning on the goEqually important to being a good writer is reading good writing.

Persons: —, I've, it's, haven't, Libby, Rachel Rodgers, Elaine Welteroth, Amanda Montell Organizations: Service, Business, Quickbooks

☆ French Open quarterfinal recap: Sinner world No. 1, Roland Garros feels like clay again
▼ + stars: | 2024-06-04 | by ( Matthew Futterman | Charlie Eccleshare | ) www.nytimes.com time to read: +6 min

Follow live coverage of Day 10 at the 2024 French OpenWelcome back to the French Open briefing, where The Athletic will explain the stories behind the stories on each day of the tournament. On Day 10 of Roland Garros 2024, the men’s tour got a new world No. Today’s headline was defending champion Novak Djokovic withdrawing from the French Open. 1 on Monday, regardless of who wins the French Open title. Ons Jabeur may have lost, but her French Open run has been a boost to her confidence.

Persons: Roland Garros, Novak Djokovic, Iga Swiatek, Ash Barty, Aryna Sabalenka, Grigor Dimitrov, Djokovic, Sinner, “ It’s, ”, Dimitrov, Coco Gauff, what’s, Gauff, Jabeur, “, It’s, Carlos Alcaraz, Tsitsipas, Alcaraz, Swiatek, Rafael Nadal —, Marketa Vondrousova, Stefanos Tsitsipas, Jasmine Paolini, Elena Rybakina, Mirra, Alexander Zverev, Alex de Minaur, Christian, Eamonn Dalton Organizations: U.S, Bulgarian, Wimbledon, French, Getty, The Athletic Locations: Paris, 3400RPM

☆ Bank of America lays out the perfect scenario for stocks to rally after the May jobs report
▼ + stars: | 2024-06-03 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

The stock market faces a big test this week with the release of the May jobs report on Friday. Fewer than 125,000 jobs added would suggest that bad news for the economy may finally be bad news for stocks. According to a Monday note from Bank of America, the report needs to print within the "Goldilocks range" of 125,000-175,000 new jobs added in the month. To the downside, Bank of America said a May jobs report below 125,000 would be bad news for the stock market and could lead to a sell-off. Bank of America expects the May jobs report to come in at 200,000 jobs added during the month.

Persons: BofA, —, Ohsung Kwon, Kwon Organizations: Service, Bank of America, Federal Reserve

☆ José Mourinho: Fenerbahçe appoints two-time Champions League winner as new coach, fans give him rapturous reception
▼ + stars: | 2024-06-03 | by ( Ben Morse | ) edition.cnn.com time to read: +2 min

CNN —José Mourinho received a rapturous welcome from Fenerbahçe fans after being unveiled as the club’s new manager on Sunday. “I want to thank you for your love, the love that I felt from the first moment where my name was first connected with Fenerbahçe,” Mourinho said. He is a Champions League winner at Inter Milan and Porto, Europa League winner with United and Conference League winner with Roma. “I want to work for Turkish football, I want to work for the Turkish league. I want to help to improve [it], but the most important thing for me is not Turkish football, it’s not the Turkish league, it’s Fenerbahçe.

Persons: CNN — José Mourinho, Ali Koç, “, ” Mourinho, it’s, Erdem Sahin, Shutterstock Mourinho, İsmail, Koç, Mourinho, ” Organizations: CNN, Italian, AS Roma, Chelsea, Inter Milan, Real, Manchester United, Champions, Europa League, United, Conference League, Roma, “, Turkish, Galatasaray, season’s Champions League Locations: Portuguese, Real Madrid, Porto, Turkish

☆ Novak Djokovic in thrilling French Open comeback win, two days after tournament’s latest finish
▼ + stars: | 2024-06-03 | by ( Charlie Eccleshare | James Hansen | ) www.nytimes.com time to read: +5 min

Novak Djokovic once again came back from the precipice of defeat at the French Open after beating Argentine Francisco Cerundolo in Paris. GO DEEPER Novak Djokovic wins at 3:06 a.m. in latest finish in French Open historyCerundolo then settled, and Djokovic, unlike against Musetti when he was down and looked out, failed to rouse himself. After going 2-0 down in the final set, he broke straight back, drawing level at 2-2. Djokovic just wasn’t moving well enough to win the match, it appeared, and Cerundolo was repeatedly exploiting this with well-placed drop shots. A dive volley at full stretch in the seventh game of the final set was Djokovic at his very best.

Persons: Novak Djokovic, Argentine Francisco Cerundolo, Djokovic, Roland Garros, Lorenzo Musetti, Cerundolo, Novak, Musetti, hasn’t, Italy’s, Taylor Fritz, Casper Ruud, ‘, Charlie Eccleshare, Ruud, Fritz, Clive Brunskill Organizations: Argentine, Cerundolo, Italian, Djokovic, Sunday, Cerundulo, Musetti Locations: Paris, Argentine

☆ ESPN’s Pat McAfee faces backlash after calling WNBA star Caitlin Clark a ‘White b*tch’
▼ + stars: | 2024-06-03 | by ( Hadas Gold | ) edition.cnn.com time to read: +4 min

CNN —ESPN host Pat McAfee is facing backlash after he called WNBA star Caitlin Clark a “White b*tch” during a rant on his show Monday while praising her accomplishments in the women’s basketball league. There is one White b*tch for the Indiana team who is a superstar.”McAfee went on to describe how Clark “carried” Iowa’s basketball program and shattered NCAA scoring records. But instead we have to hear people say we only like her because she’s White, and she’s only popular because the rest of the rookie class is doing what they’re doing. ET on X, formerly known as Twitter: “I shouldn’t have used ‘white b*tch’ as a descriptor of Caitlin Clark. “Referring to Caitlin Clark as ‘the white b*tch for Indiana.’ That’s beyond being too comfortable.

Persons: Pat McAfee, Caitlin Clark, McAfee, Clark, she’s, Guess, ” McAfee, Clark “, she’s White, …, Caitlin, ”, Kim Adams, “, Alexa Philippou, Nicole Auerbach, ’, Jemele Hill, Aaron Rodgers, baselessly, Jimmy Kimmel, Jeffrey Epstein, Kimmel, Rodgers, Norby Williamson, Williamson Organizations: CNN, ESPN, McAfee, NFL, WNBA, Indiana, NCAA, Athletic, NBC, Jemele, Indiana Fever, New York Jets, ABC Locations: Indiana

☆ The S&P 500 could climb 23% next year if Treasury yields fall and AI momentum stays strong, research firm says
▼ + stars: | 2024-06-03 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Falling yields and continuing excitement for AI could boost the S&P 500 to 6,500, the firm said. "This expectation that AI hype will increase and that Treasury yields will fall underpins our long-standing forecast for the S&p 500 to hit 6,500 by end-2025." But narrow stock market rallies have the potential to last years, Rielly said, suggesting the stock market run-up could continue for now. Warnings of a market bubble have proliferated as the S&P 500 notched a series of record-highs this year. Capital Economics has also warned of a stock market correction akin to the 1929 and dot-com crashes, which could begin in early 2026.

Persons: That's, —, Reilly, that's, Rielly Organizations: Capital Economics, Service, Treasury, Street, NVIDIA, Capital

☆ Nigel Farage enters UK election race, in more bad news for Sunak’s Conservatives
▼ + stars: | 2024-06-03 | by ( Christian Edwards | Luke Mcgee | ) edition.cnn.com time to read: +5 min

While that might not be enough to win Reform more than a few seats, it could contribute to the Conservatives losing dozens more seats to Labour. The Conservatives’ Farage problem will not fade soon. As well as becoming leader, Farage announced he is “coming back for the next five years.”“We already know that the Conservative Party will be in opposition. The weaker the Conservative Party is after the election, the more heat Farage can put on them. There are as many in the Conservative Party who find Farage appalling as there are who’d like to see him join the party.

Persons: Nigel Farage, ”, Farage, Rishi Sunak, Donald Trump, “, I’ve, It’s, Farage’s, Sunak Organizations: London CNN, Conservative Party, European Union, Reform, Independence Party, UKIP, Conservatives, Labour Party, Labour, Tories, Conservative Locations: Clacton, Manhattan, London, Rwanda

☆ Stocks slide as Wall Street worries about the economy’s health
▼ + stars: | 2024-06-03 | by ( Krystal Hur | ) edition.cnn.com time to read: +2 min

New York CNN —US stocks tumbled Monday after fresh data stoked concerns about the economy’s health. Investors have in recent weeks grappled with data that suggests inflation is continuing to run hot while the economy cools. The Personal Consumption Expenditures price index, the Fed’s preferred inflation gauge, showed Friday that inflation stayed stubbornly high in March. New gross domestic product data released last Thursday showed that the US economy expanded at a weaker pace earlier this year than initially reported. Elsewhere, the New York Stock Exchange said Monday that a technical issue that halted trading for some stocks and caused Berkshire Hathaway shares to be down 99.97% has been resolved.

Persons: Dow, ”, José Torres, cinched, Keith Lerner, Berkshire Hathaway Organizations: New, New York CNN, Nasdaq, Institute for Supply Management, Interactive Brokers, Federal Reserve, PCE, Commerce Department, Commerce, New York Stock Exchange, Berkshire Locations: New York

☆ Currencies tread cautiously after U.S. inflation report, focus on ECB
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: +3 min

The dollar posted its first monthly decline of the year in May, weighed down by shifting expectations on when the U.S. central bank will cut rates and by how much. Traders are now pricing in about a 53% chance of a rate cut in September, versus about 49% before the report. The dollar index , which measures the U.S. currency against six rivals, was 0.067% lower at 104.51 on Monday. Sterling was 0.04% higher at $1.27475, while the euro last fetched $1.085325 ahead of the European Central Bank policy meeting on Thursday when the central bank is seen as almost certain to cut rates. The comments from ECB officials will be in focus for traders along with economic projections as they assess whether the central bank will provide further cuts after Thursday in the wake of data showing a rise in euro zone inflation in May.

Persons: Brian Jacobsen, Sterling, Chris Weston, Tony Sycamore, Sycamore Organizations: Federal Reserve, Traders, Annex Wealth Management, European Central Bank, ECB, Japan's Ministry of Finance, U.S, IG Locations: Buenos Aires, Argentina, U.S, Tokyo

☆ Airlines headed for record revenue in 2024 as travel soars, but profit margins remain thin
▼ + stars: | 2024-06-03 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

The International Air Transport Association (IATA) raised its profit forecast for the airline industry in 2024 and predicts a record revenue of $996 billion. "With a record five billion air travelers expected in 2024, the human need to fly has never been stronger. DUBAI, United Arab Emirates — The International Air Transport Association raised its profit forecast for the airline industry in 2024 and predicts revenue of $996 billion — a record high and a 9.7% jump on the previous year. But while revenues and profits are enjoying tailwinds, expenses are also soaring, leaving profit margins thin, the IATA report said. Total expenses for global airlines are expected to reach $936 billion, according to the industry body's projections — a 9.4% annual increase and a record high.

Persons: Willie Walsh, Walsh Organizations: International Air Transport Association, United Arab Emirates, Airlines Locations: Dubai, DUBAI, United Arab

CNN —Dr. Anthony Fauci, the former director of the National Institute of Allergy and Infectious Diseases, testified on Monday at a House subcommittee hearing about the US response to the Covid-19 pandemic and the origins of the virus. The hearing was Fauci’s first public testimony on Capitol Hill since his retirement from government service. It turned contentious at times as Republicans grilled Fauci over a wide range of topics, including the basis for public health recommendations during the pandemic and email use by public health officials. Fauci said there was a “disconnect between the health-care system and the public health system” during Covid-19 in the US. That’s in large part why public health agencies emphasized the importance of people wearing masks to reduce the number of germs that could float in the air and make people sick.

Persons: Anthony Fauci, Fauci, ” Fauci, Morens, David Morens, ”, — Jeremy Farrar, Kristian Andersen, “, Debbie Dingell, “ They’re Organizations: CNN, National Institute of Allergy, Capitol, US Centers for Disease Control, National Institutes of Health, NIH, FOIA, Wellcome, Scripps Research, World Health Organization, Wuhan Institute of Virology, US Department of Energy, Democratic, CDC Locations: Covid, “, China

☆ Bad economic news has been good for stocks, but that could change this week
▼ + stars: | 2024-06-03 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Bad economic news so far has been mostly positive for the stock market, as investors worry over whether the Federal Reserve will start cutting interest rates. The greenback often rises on bad news as investors seek the safety of cash and equivalents, while the stock market gains on good news. .SPX .DXY line 2024-04-01 Stocks vs. the dollar At the same time, economic data has generally deteriorated, or at least not met Wall Street forecasts. For the most part, bad economic news likely could help convince the Fed that the time is right to start lowering interest rates. Based on the prior two months, the unemployment rate would have to rise to 4.3% in May for that to happen.

Persons: Ohsung Kwon, Kwon, Dow Jones, Claudia Sahm, BofA Organizations: Federal Reserve, Bank of America, Citi, Fed, Bureau of Labor Statistics, New Century Advisors

☆ How American Express Became Millennials, Gen Z's Favorite Credit Card
▼ + stars: | 2024-06-03 | by ( Emily Stewart | ) www.businessinsider.com time to read: +8 min

But now, for a growing cohort of Gen Zers and millennials, it's their card, too. According to the company, millennials and Gen Z consumers made up 60% of its new customer acquisitions worldwide, and 75% of its new platinum and gold accounts were opened by millennial and Gen Z members. Related storiesAmex has implemented a number of tactics to pull off its youth revolution and cement its place as a status symbol among relatively affluent millennial and Gen Z consumers. For many young consumers, having an Amex rewards card is sort of like having a good, varied subscription service that runs them less than $60 a month. AdvertisementAll that aside, the Amex Platinum Card seems neat.

Persons: Gen Zers, youngs, it's, they'd, Amex, Zers, Gen X, Z, Steve Squeri, Jim Cramer, Gen Zs, Michael Miller, Uber, Miller, Daisy Hernandez, Guy, Stephen Biggar, Amex isn't, Chase Sapphire, I've, Emily Stewart Organizations: American Express, Express, Mastercard, Visa, American, CNBC, Morningstar Research, New York Times, Wall Street, Saks, Walmart, US, Argus Research, bodega, Business Locations: Coachella

☆ European markets set to open higher ahead of ECB decision later this week
▼ + stars: | 2024-06-03 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

European markets are poised to start the month higher Monday as investors look ahead to the European Central Bank's latest interest rate decision later this week. The U.K.'s FTSE 100 was last seen 63 points higher at 8,340, according to IG data, while Germany's DAX was up 173 points at 18,652. France's CAC was 62 points higher at 8,041and Italy's MIB was up 359 points at 34,893. The move would mark the first time the ECB has cut rates ahead of the U.S. Federal Reserve. U.S. stock futures also started the month in positive territory, coming off the back of a strong May in which all three major averages notched their sixth positive month in seven.

Persons: Germany's DAX, China's Organizations: Central, CAC, ECB, U.S . Federal Locations: Spain, France, Germany, Asia, Pacific

☆ The résumé hack to use to get recruiters' attention
▼ + stars: | 2024-06-03 | by ( Tim Paradis | ) www.businessinsider.com time to read: +5 min

AdvertisementIt's also important, Woodrow said, to have the right words and phrases up high where a busy recruiter can see them. In any case, he said, it's important to keep the most relevant information on the first page of a résumé. Highlight things like relevant job experience for a role you're going for, he said. "We're not expecting to see the exact same formatting or skills or experience, and so we really pore through the résumé," Samuels said. That's why, especially when recruiting for more senior roles, there's little substitute for reading a résumé thoroughly, he said.

Persons: —, Lee Woodrow, who's, you've, Woodrow, Kyle Samuels, Samuels, We're, there's, " Samuels Organizations: Service, Business, Creative Talent

☆ Why the 'bad news is good news' trend didn't work with Monday's economic data
▼ + stars: | 2024-06-03 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Dell , Super Micro , Vertiv , and Club stock Eaton all fell. Utilities that fulfill the growing power demands of AI data centers, such as Vistra and Constellation Energy Corp , were also lower. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Industrials, —, Eaton, Dell, Jensen Huang, we're, Ferguson, Jim Cramer's, Jim, Mauricio Palos Organizations: CNBC, Institute for Supply, Federal Reserve, Utilities, Constellation Energy Corp, Nvidia, Body, Jim Cramer's Charitable, Eaton Corp, Bloomberg, Getty Locations: San Luis Potosi, Mexico

☆ Mikel Arteta: ‘Lifting trophies?’ I’m a winner. That’s the ambition’: Arsenal boss on the ‘painful’ chase of Manchester City
▼ + stars: | 2024-06-03 | by ( Amanda Davies | ) edition.cnn.com time to read: +8 min

Last season, the Gunners were edged out in the Premier League title race by five points. “I think we should be very proud of what we’ve done throughout this season, both in European competition and the Premier League. Champions League football has returned to the Emirates and so, too, has silverware. Catherine Ivill/ReutersYet it is the holy grail of the Premier League that he, the players, and the fans still so greatly crave. The former hinted after his latest league accomplishment that his stay in the Premier League is more likely than not to be drawing to a close.

Persons: Mikel Arteta, Pep, “ I’m, ” Arteta, Amanda Davies, “, Arteta, Catherine Ivill, ”, Guardiola, Jason Cairnduff, he’d, that’s, We’ve, Glyn Kirk, Declan Rice, Kai Havertz, I’m Organizations: Italy CNN, Arsenal, Manchester City, Gunners, Premier League, CNN, Globe Soccer, Arteta, North London, Champions League, Emirates, City, Sky Blues, Barcelona’s, Guardiola, Getty Images, West Ham United, Chelsea, Ajax, it’s Locations: Sardinia, Italy, North, Catalunya, North London, Manchester, AFP, London

The Dow Jones Industrial Average rose on Tuesday as Wall Street sought its footing after an uneven start to the month. The S&P 500 added 0.15% to finish the session at 5,291.34, and the Nasdaq Composite advanced 0.17% to 16,857.05. Bath & Body Works was the worst-performing stock in the S&P 500, losing nearly 13% on the back of disappointing guidance. Tuesday's market move comes one day after the Dow fell more than 115 points, or 0.3%, on the first trading day of June. The S&P 500 and Nasdaq Composite both rose modestly on Monday as weak manufacturing data weighed on market sentiment.

Persons: Dow, Megan Horneman, Dow Jones Organizations: Dow Jones, Nasdaq, Treasury, Dow Inc, Caterpillar, Body, Verdence Capital Advisors, Labor Department

☆ Amazon's Shopify killer got off to a slow start, according to sellers and internal emails
▼ + stars: | 2024-06-03 | by ( Madeline Stone | Eugene Kim | ) www.businessinsider.com time to read: +10 min

Rainier...)," Larsen wrote in the email, referring to a snowcapped peak near Seattle, where Amazon is headquartered. Months later, Amazon struck a deal with Shopify that put Buy with Prime on the Shopify merchant marketplace, extending the tool's reach with sellers. Advertisement"When merchants push that metric to >75%, it'll be a good indication that we've found product-market fit," Larsen wrote. To use Buy with Prime, Amazon charges merchants a 3% Prime service fee in addition to fulfillment fees and payment processing fees. However, Piiparinen said the 3% service fee is less than the referral fees merchants pay when selling on Amazon.com.

Persons: —, Craig Leslie, Leslie, It's, Peter Larsen, Andy Jassy, Larsen, Santos, Anders Piiparinen, who's, doesn't, Piiparinen, Amazon's, Smart, ZOA, GreatCircleUS.com, Madeline Stone Organizations: Service, Amazon, Business, Bean Coffee Company, Shoppers, Ekrin Athletics, BI, Prime Locations: . Rainier, ., Seattle, Piiparinen, mstone@businessinsider.com

The votes are still being counted, but this much is clear: Mexico’s leftist governing party dominated Sunday’s elections. Claudia Sheinbaum, the first woman and first Jewish person to be elected president, beat her opponent on Sunday by a stunning 30 percentage points or more, early returns show. She and her Morena party were expected to win, but they outperformed pre-election polls: She won a larger share of the vote than any presidential candidate in decades, and her party and its allies are within reach of claiming big enough majorities in Congress to enact constitutional changes that have alarmed the opposition. Preliminary results show Morena taking seven of the nine governorships up for grabs — including the most prominent, Mexico City’s — and winning supermajorities in at least 22 of the 32 state legislatures. The election served as a referendum on the nearly six-year term of Andrés Manuel López Obrador, the current president, reflecting that a solid majority of the electorate has endorsed his stewardship of the country.

Persons: Claudia Sheinbaum, Morena, —, Manuel López Obrador Locations: Morena, Mexico

Opinion Guest Essay Why the Pandemic Probably Started in a Lab, in 5 Key Points Illustration by Mike McQuade. Here’s what we now know:1 The SARS-like virus that caused the pandemic emerged in Wuhan, the city where the world’s foremost research lab for SARS-like viruses is located. Wuhan China Taiwan Laos South China Sea Thailand The pandemic started roughly 1,000 miles away, in Wuhan, home to the world’s foremost SARS-like virus research lab. Wuhan China East China Sea india Taiwan Myanmar Laos South China Sea philippines Thailand The pandemic started roughly 1,000 miles away, in Wuhan, home to the world’s foremost SARS-like virus research lab. In the United States, virologists generally use stricter Biosafety Level 3 protocols when working with SARS-like viruses.

Persons: Mike McQuade, Anthony Fauci, —, Shi Zhengli, Shi’s, Sarah Temmam et, Shi, coronavirus, EcoHealth, Peter Daszak, Biden, Daszak, Baric, Jesse Bloom, Fauci Organizations: Getty Images, National Institute of Allergy, Wuhan Institute of Virology, China East China, U.S, New York, Facebook Locations: United States, Wuhan, China, Yunnan, Southeast Asia, Laos, Yunnan province Taiwan Laos, Laos South China, Thailand, China East China, Taiwan Myanmar Laos South China, Laos philippines Thailand, Taiwan Laos South China, China East, philippines Thailand, Wuhan China Taiwan Laos South China, Wuhan China East China, China Wuhan East China, Covid, MERS

☆ CNBC Daily Open: Opec extends cuts, Nvidia showcases new chip
▼ + stars: | 2024-06-03 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. OPEC+ extends cutsOPEC and it allies agreed to extend official crude production cuts into 2025 amid lackluster demand. Saudi Arabia's energy minister Prince Abdulaziz bin Salman said OPEC+ wants concrete rate cuts before factoring in the potential impact on energy demand. New AI chip RubinNvidia unveiled its next generation artificial intelligence chip, Rubin, a mere three months after launching its Blackwell model.

Persons: Prince Abdulaziz bin Salman, Rubin, Blackwell, Dow, UnitedHealth, Bill Ackman, It's, Michael Khouw Organizations: CNBC, Saudi Aramco, Rubin Nvidia, AMD, Intel, Microsoft, Google, Dow Jones, Federal, Dow, Nasdaq, Nvidia, Tesla, Pershing, Moderna, Drug Administration, GSK, Pfizer Locations: OPEC, Saudi Arabia, Russia, Saudi, U.S, Moderna

☆ Treasury yields slip as investors look to key jobs data in week ahead
▼ + stars: | 2024-06-03 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was down by over one basis point to 4.4926%. The 2-year Treasury yield was last one basis point lower to 4.8830%. U.S. Treasury yields fell on Monday as investors awaited fresh economic data, including key jobs data, slated for the week. Investors looked to key economic data that could provide fresh hints about the state of the economy and the monetary policy path. Including food and energy costs, the PCE increased 0.3% from the previous month and 2.7% on an annual basis, as expected.

Organizations: Treasury, U.S, European Central Bank, Traders, Fed, Investors, PCE Locations: U.S

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