‘Labor Market Is in Recession’: Strategist; GameStop Slumps as ‘Roaring Kitty’ Returns to YouTube | Business Matters Full Broadcast (June 7)

Don Ma
By Don Ma
June 7, 2024Business Matters
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The U.S. economy created far more jobs than expected in May and annual wage growth reaccelerated, adding pressure on the Federal Reserve to hold off on interest rate cuts.

Stock influencer Keith Gill’s first livestream in three years failed to spark enough investor enthusiasm in GameStop on Friday to reverse a nearly 40 percent slump in the shopping mall retailer’s stock after it unveiled a share sale to raise up to $3 billion.

A workers union at Samsung Electronics staged its first walkout on Friday, signaling more assertiveness among employees just as South Korea’s most powerful conglomerate races to catch up in chips used in artificial intelligence.

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