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• Stock Market Closing Summary for Friday
  Investors bid up stocks Friday, buoyed by optimism from Washington negotiators that a deal on the debt...
  Investors bid up stocks Friday, buoyed by optimism from Washington negotiators that a deal on the debt ceiling was likely in the coming days.
  
  The S&P 500 gained 1.3% Friday, while the Nasdaq Composite rose 2.2%. Even the Dow Jones Industrial Average -- which has recently lagged thanks to its lack of tech stocks and AI exposure -- gained on the day, up 329 points, or 1%.
  
  The S&P 500's gain carried extra significance, with the large-cap index breaking through the 4,200 level for the first time since Aug 19, 2022. That prior peak came shortly before Federal Reserve Chairman Jerome Powell gave his Jackson Hole speech reiterating the central bank's hawkish stance around inflation.
  
  Prior to today, the index had closed between 4,100 and 4,200 for 15 consecutive trading days. The technical analysts who study stock charts will see the breakthrough as a bullish sign for the days and weeks to come.
  
  The S&P 500 is now up 9.5% this year, though it's still 12% off its Jan 2022 high.
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• ☕️What Else is Brewing Friday Morning
  Neuralink, Elon Musk’s brain-implant company, received FDA approval to begin its ...
  Neuralink, Elon Musk’s brain-implant company, received FDA approval to begin its first-in-human study.
  
  The ChatGPT app topped 500,000 downloads in the first six days after it was released for iOS, according to data.ai. That’s the second-best app debut of the last two years after Trump’s Truth Social.
  
  Whoops: Famed tech investor Cathie Wood sold off her entire Nvidia stake in early January, before the stock started ripping and added $560 billion in market value.
  
  Germany slid into a recession as higher prices dampened consumer spending.
  
  Tako, TikTok’s new AI chatbot, is getting a test run in the Philippines. What if the bot and the TikTok algorithm fall in love?
  
  
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• Get ready for a precedented hurricane season
  The Atlantic hurricane season that starts June 1 is expected to be…...
  The Atlantic hurricane season that starts June 1 is expected to be…pretty normal, according to the National Oceanic and Atmospheric Administration’s annual forecast released yesterday. For the average storm season, you can thank the once-every-few-years weather phenomenon known as El Niño, which acts as a powerful hurricane neutralizer. Don’t get too comfy, though: The agency still predicts 12–17 named storms, with potentially four of them turning into Category 3 hurricanes. Last year’s 14 named storms racked up $117 billion in damages.
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• Tesla and Ford partner on EV charging
  In a Twitter Spaces event, Tesla CEO Elon Musk and Ford CEO Jim Farley announced that owners of Ford...
  In a Twitter Spaces event, Tesla CEO Elon Musk and Ford CEO Jim Farley announced that owners of Ford electric vehicles would be able to plug in at more than 12,000 Tesla Superchargers in the US and Canada starting early next year. Tesla’s charging network is currently only available to Tesla drivers, but Musk said, “We don’t want Tesla Superchargers to be a walled garden.” Access to charging is key to spurring EV adoption: In a survey last year, 61% of respondents who hesitated to buy an EV cited charging logistics as the top barrier.
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• Talos Energy Sells Stake in Zama Project to Grupo Carso
  A wholly-owned subsidiary of Grupo Carso has agreed to acquire a 49.9% interest in Talos Energy’s Mexican...
  A wholly-owned subsidiary of Grupo Carso has agreed to acquire a 49.9% interest in Talos Energy’s Mexican subsidiary, which holds a 17.4% stake in the Zama Project offshore Mexico, the U.S. E&P said in a May 25 press release.
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