HaiKhuu Weekly Recap & Analysis
January 20- January 24, 2025
MAJOR EVENTS OF LAST WEEK
Highlights:
ByteDance is exploring a deal to keep TikTok running in the US without selling its operations. TikTok is looking at options that could involve a change of control locally to ensure it complies with US legislation
JetBlue is the first official airline to accept Venmo for flight bookings
CNN is laying off roughly 200 employees, or 6% of its workforce
Major Indices’ Weekly Movement:
S&P 500: +1.81%
Nasdaq: +1.29%
Dow Jones: +2.20%
Monday, January 20
Stock Related News:
Markets Closed - Martin Luther King Jr. Day
Tuesday, January 21
Stock Related News:
Google owned DeepMind said today it expects clinical trials for AI-designed drugs to begin this year
Goldman Sachs is rolling out a new Generative AI assistant to its bankers, traders and asset managers
The SEC just announced the creation of a new Crypto Task Force with the goal of creating a clear regulatory framework
OpenAI, Softbank and Oracle are planning to create a new joint venture called “Stargate” to build out new AI infrastructure in the US
Netflix is raising its prices in the US:
Without Ads: Original: $15.49; Now: $17.99
With Ads: Original $6.99; Now $7.99
President Trump proposed a 10% China tariff
Nvidia, OpenAI, and Oracle will work together to build up to $500B worth of AI computing systems created by Project Stargate in the United States
Economic News:
No News Scheduled
Major Indices:
S&P 500: +0.92%
Nasdaq: +0.59%
Dow Jones: +1.24%
Wednesday, January 22
Stock Related News:
Microsoft is no longer OpenAI’s exclusive cloud provider
Samsung is partnering with Google to break into the augmented reality glasses market
JetBlue is the first official airline to accept Venmo for flight bookings
Salesforce plans to invest $500 Million in Argentina over the next 5 years
OpenAI and Softbank each are committing $19 Billion to fund Stargate
Economic News:
Economic Indicators:
(Previous 0.4%, Actual -0.1%)
Major Indices:
S&P 500: +0.56%
Nasdaq: +1.28%
Dow Jones: +0.27%
Thursday, January 23
Stock Related News:
CNN is laying off roughly 200 employees, or 6% of its workforce
ByteDance is exploring a deal to keep TikTok running in the US without selling its operations. TikTok is looking at options that could involve a change of control locally to ensure it complies with US legislation
President Trump:
“I will demand that interest rates drop immediately”
Project Stargate will reportedly exclusively serve ChatGPT maker OpenAI
Economic News:
Initial Jobless Claims:
(Previous 217k, Actual 223k)
Major Indices:
S&P 500: +0.55%
Nasdaq: +0.21%
Dow Jones: +0.93%
Friday, January 24
Stock Related News:
Mark Zuckerberg and Meta are reportedly planning to grow Meta’s AI teams ‘significantly’
Elon Musk’s X has started expanding the rollout of its dedicated vertical video feed to users around the globe
Economic News:
Services PMI:
(Previous 56.8, Actual 52.8)
Manufacturing PMI:
(Previous 49.4, Actual 50.1)
Existing Home Sales:
(Previous 4.15M, Actual 4.24M)
Consumer Sentiment (Final):
(Previous 74.0, Actual 71.1)
Major Indices:
S&P 500: -0.29%
Nasdaq: -0.57%
Dow Jones: -0.28%
