Business - Friday, June 5, 2026

Executive compensation is accelerating while rank-and-file workers lag, widening the pay gap in corporate America.

Raizen SA reached an out-of-court restructuring agreement with the majority of its creditors, according to a regulatory filing, marking a key step in the Brazilian sugar-and-ethanol producer’s efforts to rework its debt.

"Our experience of robots is that it's actually driven up employment rather than the reverse," Amazon executive John Boumphrey told CNBC.

Diane Swonk, KPMG Chief Economist, analyzed the current economic landscape, highlighting how improvements in the labor market and persistent service sector inflation are driving hawkish sentiment among Federal Reserve officials. She noted that bond market pricing reflects expectations of a 25 basis point rate hike in 2026, signaling a shift in monetary policy outlook. She speaks with Romaine Bostick & Katie Greifeld on "The Close." (Source: Bloomberg)

Government figures show unemployment rate at 4.3% amid rising inflation and economic uncertainty from Iran war US employers added 172,000 jobs in May while the country’s unemployment rate held steady at 4.3%, a sign of a resilient labor market despite rising inflation and economic uncertainty brought on by continued conflict in the Middle East. Despite the positive update on the labor market, US stocks fell sharply by Friday afternoon after a big sell-off of AI chip stocks. The tech-heavy Nasdaq index closed 4% down, the largest single-day drop in over a year. The S&P 500 and and Dow were also down 2.6% and 1.3%, respectively. Continue reading...

Oil prices would spike if Iran's Houthi allies started attacking ships passing through the Bab el-Mandeb Strait.

“Masters of the Universe” will test whether Mattel can cement itself as an entertainment powerhouse with a hypermasculine character from the 1980s.

Sinda Ltd. filed for a US initial public offering, seeking to fund mining for silver in a historically productive part of Mexico.

Gene Sperling, President of Sperling Economic Strategies and former director of the National Economic Council, discussed the recent U.S. jobs report, highlighting that the headline numbers were stronger than expected and suggest a low likelihood of recession despite ongoing geopolitical and economic challenges. He noted that while job creation appears broad-based, some gains—such as the 70,000 hospitality jobs—may be influenced by seasonal factors like World Cup-related hiring. He speaks with Romaine Bostick and Katie Greifeld on "The Close." (Source: Bloomberg)

The move highlights the growing importance of the technology sector to the stock market.