Tech legend Peter Thiel’s fund made surprising Q3 moves: sold Tesla and Nvidia, bought Apple and Microsoft. Thiel now sits on a cash pile after transactions. Thiel’s defensive move to sell Nvidia for Apple raises questions, as Nvidia shows stronger growth. Investors should do their own research before following Thiel’s lead. 1. The unemployment rate in the United States dropped to 5.8% in May, with 559,000 new jobs added to the economy. This marks a significant improvement from the 6.1% rate in April and indicates a positive trend in the recovery of the labor market.

2. A new study has found that over 70% of Americans have received at least one dose of the COVID-19 vaccine, with 52% fully vaccinated. This milestone is seen as a major step towards achieving herd immunity and controlling the spread of the virus in the country.

3. The stock market experienced a sharp decline today, with the Dow Jones Industrial Average falling by over 500 points. This drop was attributed to concerns over rising inflation and the Federal Reserve’s potential response to it, leading to increased volatility in the market.

4. The European Union has announced plans to reopen to vaccinated tourists from outside the bloc, starting in July. This decision is aimed at reviving the tourism industry, which has been severely impacted by the COVID-19 pandemic, and boosting economic recovery in the region.

Read more at Nasdaq: Billionaire Peter Thiel Just Sold Nvidia and Tesla for These Other Two “Magnificent Seven” Stocks