The Daily

Dive Brief:

• Funding for food tech startups “slowed significantly”

 » Read more about: Food tech investments slow as AI grabs venture capital attention  »

While survey results vary, all measures seem to indicate a significant percentage of Americans feel anxious about their ability to retire. For example, according to Northwestern Mutual, 46% of U.S. pre-retirees believe they will not be financially prepared when the time comes.

That may not be surprising in the face of longer lifespans,

 » Read more about: Future-Safe Finances: How To Protect and Grow Your Income in Retirement  »

UBS Financial Services of Puerto Rico, which manages Puerto Rico’s first family of closed-end mutual funds, intends to reorganize the management of six of its funds, consolidating them into Puerto Rico Residents Bond Fund I, Inc. according to a filing with the Securities and Exchange Commission (SEC).

 » Read more about: UBS proposes consolidating six of Puerto Rico’s closed-end mutual funds  »

 » Read more about: Citi to boost provision for potential bad loans on US economic worries  »

The old saying “sell in May and go away” turns out to have been poor advice, at least over the course of the past month. In the month of May, the S&P 500 surged 6.2%,

 » Read more about: Stay Invested In These 3 Stocks That Are Bucking the Trend  »

 » Read more about: The 3 Best Nasdaq-100 Stocks in 2025: Wall Street Says Buy One and Sell the Others  »

NEW YORK — U.S. stocks drifted closer to their all-time high on Tuesday as the wait continued to hear what will come of trade talks between the United States and China.

The S&P 500 rose 0.5% as talks between the world’s two largest economies carried into a second day.

 » Read more about: US stocks drift closer to their record as Wall Street waits to see what US-China talks will bear  »

• AlphaSense builds generative AI tools incorporating hundreds of millions of financial and business documents.
• The company says 88% of the S&P 100 are among its 5,000 clients, including Amazon, Nvidia, Microsoft, Pfizer and JPMorgan.
• It released a new tool called Deep Research on Tuesday which can quickly do work it would take a Wall Street analyst days or weeks to complete,

 » Read more about: Former Wall Street analyst building market AI on why stock pickers won't go extinct  »

 » Read more about: Why Nvidia-Backed Navitas Semiconductor Soared Today  »

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 » Read more about: S&P500 and Nasdaq 100: Stocks Edge Higher on Tech Momentum Ahead of GameStop Earnings  »