🎯 Business Spotlight: Jackie McKelvey of Thrive Data

Thrive Data, a Charleston legal tech startup, is on a mission to eliminate the chaos of medical record review for personal injury attorneys and medical expert witnesses. At the helm is Jackie McKelvey, Founder & CEO, who brings a decade of startup experience—from local nonprofit work to biotech and AI.

After helping develop a diagnostic device for neurological conditions, Jackie became immersed in clinical trials, compliance, and the challenges of medical documentation. That journey led to the idea for Thrive: an AI-powered platform designed to bring speed and structure to legal medicine.

🌎 Markets in a Minute

📉 Markets Dip Amid Fiscal Concerns

U.S. markets declined this week as rising Treasury yields and fiscal deficit worries weighed on investor sentiment.

• S&P 500 $SPY ( ▼ 0.68% ) : Down 2%

• Dow Jones $DIA ( ▼ 0.6% ) : Down 1.9%

• Nasdaq $QQQ ( ▼ 0.93% ) : Down 1.5%

The downturn was driven by a spike in long-term bond yields following the House's passage of President Trump's tax bill, raising concerns about increasing deficits.

💼 Big Earnings & Moves

• Target $TGT ( ▼ 0.81% ) : Shares rose after reporting better-than-expected earnings, highlighting strong consumer demand.

• Home Depot $HD ( ▼ 0.93% ) : Stock declined due to cautious consumer spending outlook.

• Walmart $WMT ( ▲ 0.43% ) : Shares remained relatively flat post-earnings.

🤖 AI & Tech Watch

• OpenAI: Acquired Jony Ive's design firm, io, for $5B, signaling a move into AI hardware development.

• Google $GOOGL ( ▼ 1.41% ) : Introduced SynthID Detector to identify AI-generated content, enhancing transparency in generative media.

• Anthropic: Unveiled Claude Opus 4, an AI model capable of coding for extended periods, showcasing advancements in AI capabilities.

🌍 Global Macro & Policy

• U.S. Consumer Sentiment: Declined further in May, reflecting concerns over economic policies and inflation expectations.

• Federal Reserve: Officials maintained a cautious tone, indicating that while inflation is improving, it's not yet sufficient for rate cuts.

• China Exports: Surprised with an 8.5% YoY increase, indicating a potential upside in global demand.

📌 Other Developments

• Navitas Semiconductor $NVTS ( ▼ 12.67% ) : Stock soared 125% after announcing a partnership with Nvidia to support next-gen AI workloads.

• Microsoft $MSFT ( ▼ 1.03% ) : Faced internal protests over AI technology used by the Israeli military; a protesting employee was terminated.

• Bitcoin $BTC.X ( ▼ 2.7% ) : Held steady near $111K; Ethereum $ETH.X ( ▼ 4.64% ) climbed above $2,600 amid ETF approval hopes.

📈 Market Vitals

$DIA ( ▼ 0.6% ) _{Tracks 30 blue-chip stocks, showing industrial health.}

$SPY ( ▼ 0.68% ) _{Mirrors S&P 500, gauging broad market performance.}

$QQQ ( ▼ 0.93% ) _{Follows Nasdaq-100, reflecting tech and growth trends.}

$BTC.X ( ▼ 2.7% ) _{Indicates crypto sentiment and risk appetite.}

🎯 Brokerage Review: SoFi Invest

tl;dr: SoFi Invest is a great all-in-one platform for beginners, offering free robo-advising, fractional shares, and access to crypto—especially appealing if you already use SoFi for banking or loans. However, advanced investors may find its tools and investment options limited.

✅ What is SoFi Invest?

SoFi Invest is its brokerage arm, built for beginners and intermediate investors who want to manage stocks, ETFs, crypto, and retirement accounts in one place — with no commissions, low barriers to entry, and a strong educational bent.

🔥 Clickworthy

• xAI: Elon Musk’s xAI will be partnering with Microsoft’s $MSFT ( ▼ 1.03% ) Azure

• 23andMe: Regeneron $REGN ( ▼ 1.43% ) to buy bankrupt 23andMe for $256M

• Klarna: Klarna’s $KLAR ( 0.0% ) losses widen as customer’s fail to pay their (burrito) loans

• Stablecoins: Senate Advances Stablecoin Bill, The GENIUS ACT, clearing the way for final passage

• Nike: Nike $NKE ( ▼ 2.12% ) to Raise Prices on Sneakers above $100

• OpenAI: OpenAI to Buy AI Device Startup From Apple Veteran Jony Ive in $6.5 Billion Deal

• WaffleHouse: At least 50 Waffle House locations in the South are getting EV chargers

🎯 Money Guide: Roth IRA

Roth IRAs: A Comprehensive Guide to Tax‑Free Retirement Savings

A Roth Individual Retirement Account (IRA) provides unparalleled flexibility and tax‑free growth for retirement savers. By contributing post‑tax dollars today, you lock in tax‑free withdrawals of both contributions and earnings in retirement—making it a powerful tool for long‑term wealth building. This guide covers how Roth IRAs work, who qualifies, optimal strategies, and how to integrate them into a holistic retirement plan.