Five Things You Need to Know to Start Your Day

Elon Musk and Qin Gang in Beijing on May 30.

North Korea fires rocket. Nvidia touches $1 trillion valuation. Goldman considers axing hundreds more jobs. Here’s what you need to know today.

North Korea this morning fired a projectile the country claims to be a space launch vehicle, just days after after leader Kim Jong Un pledged to put a spy satellite in orbit to monitor US forces and their allies. The launch sparked a missile alert in parts of Japan, while an alert warning residents in the South Korean capital to take cover was later said to have been sent in error. Both countries said earlier this week that any launch using ballistic missile technology would be a breach of United Nations Security Council resolutions and urged North Korea to abandon the launch.