Bonds & Stocks
US bond investors have been piling into bets that President Donald Trump’s tariffs will slow the world’s largest economy and force the Federal Reserve to lower interest rates.
Economy
US job growth was robust in April and the unemployment rate held steady, suggesting uncertainty over President Donald Trump’s trade policy has yet to have a material impact on hiring plans.
World
TikTok owner ByteDance Ltd. was fined €530 million ($600 million) by the European Union for illegally sending user data to China, and warned that it didn’t do enough to keep that information out of reach from Chinese state services.