Key News
1. US ADP employment increased by 122,000 in May, the largest increase since January last year.
2. Trump: Working towards a deal with Iran; Iran has agreed not to possess nuclear weapons.
Stock News
1. Ford Motor (F.N) reported US auto sales of 190,828 units in May.
2. Uber (UBER.N) tightened limits on employee AI usage to cut AI spending.
3. Baidu (BIDU.O) CFO: Expects chip division to list in Hong Kong by 2026.
4. US Rare Earth (USAR.O) reached a final agreement with the US Department of Commerce, receiving up to $277 million in federal funding.
5. GameSpot (GME.N) reported 14% quarterly revenue growth and announced a $2 billion share buyback program.
6. Macy's (M.N) raised its fiscal year outlook, expecting adjusted earnings per share to be between $2 and $2.20, up from its previous forecast of $1.90 to $2.10. Market expectations were $2.12.
7. The National Highway Traffic Safety Administration (NHTSA) announced that Ford Motor Company (F.N) is recalling 419,967 U.S. vehicles because seat belts may fail to retract or extend, potentially failing to restrain occupants as intended and increasing the risk of injury in a crash.
