Financial News: May 24 - United States (5 stories)

Here is your Weekly summary for Business & Finance across United States for Mon 18th May - Sun 24th May 2026

Big tech companies are amassing significant debt to fuel their AI ambitions, prompting Wall Street banks to engage more in credit derivatives trading to maintain relationships with these hyperscalers. This surge in derivatives activity highlights the growing financial complexity surrounding AI investments and the potential risks involved.

Meanwhile, the future of fintech apps is being questioned, with Atomic Invest's CEO suggesting that AI companions may soon replace traditional investing apps. This shift could reshape how consumers interact with financial services, indicating a pivotal change in the industry landscape.

In market news, the S&P 500 is poised for its longest weekly rally since 2023, reflecting investor optimism and a robust economic outlook. Additionally, Elon Musk's potential earnings from SpaceX could reach an astonishing $760 billion, underscoring the immense financial stakes in the tech and space sectors.

Lastly, nuclear startup Deep Fission is planning a second IPO, aiming to raise $157 million, though skepticism remains about its long-term viability. This move signals ongoing interest in nuclear energy solutions, despite the challenges in attracting investor confidence.