US Jobs Data: Solid, but Cooling

In May 2025, the United States added 139,000 new jobs, surpassing analysts’ expectations of 125,000. While this reflects a slowdown compared to previous months — with April revised down from 177,000 to 147,000 jobs and March to 120,000 — the labor market remains resilient amid economic and trade uncertainty, including tariffs imposed by the Trump administration.

Job growth was led by the services sector, which added 145,000 jobs, with strong performance in education, healthcare, leisure, hospitality, and finance. In contrast, the manufacturing sector lost 8,000 jobs.

Key Meeting Between the US and China in London

President Donald Trump announced a crucial trade meeting between the United States and China, scheduled for Monday, 9 June in London. Attendees include Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Ambassador Jamieson Greer.

Trump stated on Truth Social that “the meeting is expected to be very successful,” raising market expectations.

Tesla Plummets: Worst Performer Among the ‘Magnificent Seven’

Tesla (NASDAQ: TSLA) shares plunged nearly -30% following a public clash between Elon Musk and President Trump, making it the worst performer among the “Magnificent Seven” stocks in 2025 — overtaking Apple.

Meanwhile, Apple is bolstering its supply chain, having airlifted around 1.5 million iPhones from India to the US in recent weeks.

Google Under Pressure: Risk of Antitrust Action

Google (Alphabet) is facing mounting regulatory pressure as the US Department of Justice continues its antitrust investigation into its search engine dominance. A decision is expected between late July and early August, with any measures potentially taking effect 60 days later.

While a forced sale of Chrome is still considered unlikely, Barclays analysts warn that the odds have “increased,” posing a potential blow to Google and an opportunity for acquirers like OpenAI.

Meta Bets on Nuclear Energy to Power Its AI

In June 2025, Meta — the parent company of Facebook, Instagram, and WhatsApp — signed a landmark 20-year agreement with Constellation Energy, the largest nuclear operator in the US. The deal secures clean energy from the Clinton nuclear plant in Illinois.

This move addresses the surging energy demands of AI data centres, expected to increase 160-fold by 2030. Nuclear power, with its weather-independent reliability, is ideal for uninterrupted AI operations.

Amazon: Multibillion Savings with Humanoid Robots

Amazon could save over $7.1 billion annually by 2032 through the use of humanoid robots in parcel delivery, according to Bank of America. The technology, already in internal testing, could also bring additional automation benefits.

NVIDIA Leads with One of the World’s Largest Data Centres

NVIDIA is spearheading Project Stargate in Abilene, Texas — a massive AI data centre that, when completed in 2026, will be among the world’s largest. It is expected to deliver up to 1.2 gigawatts of capacity and include around 400,000 Nvidia GB200 chips, interconnected by an ultra high-speed network.

Stablecoin Boom: Record Transfer Volumes

Stablecoin transfer volumes hit a record $4 trillion in May 2025 — a 25% increase from April’s $3.2 trillion. Ethereum and Tron led the activity, followed by Solana and Avalanche. The surge marks a strong rebound for the crypto ecosystem after months of sluggish activity.

Big Tech Explores Crypto Payments

Tech giants including Apple, X (formerly Twitter), Airbnb, Google, and Uber are actively exploring stablecoin integration for payment systems, according to Fortune.

At Bloomberg’s Tech Summit, Uber CEO Dara Khosrowshahi confirmed the company is evaluating stablecoins to improve international payment efficiency.