HaiKhuu Weekly Recap & Analysis
January 27- January 31, 2025
MAJOR EVENTS OF LAST WEEK
Highlights:
Jerome Powell and the Feds left rates UNCHANGED
Jerome Powell:
“Risks to achieving goals roughly in balance… we do not need to be in a hurry to adjust policy rate”
“Not going to comment on what the President said and that he has had no contact with President Trump”
“We don’t need to wait for 2% inflation to cut rates”
OpenAI launched ChatGPT Gov, specifically for U.S. government agencies, available on Microsoft Azure
SEC gives initial approval to combined Bitcoin and Ethereum ETF
Major Indices’ Weekly Movement:
S&P 500: +1.18%
Nasdaq: +2.22%
Dow Jones: +1.06%
Monday, January 27
Stock Related News:
Meta is rolling out a new feature that allows Meta AI to remember certain details that you share with it in 1 v 1 chats which may help it personalize future responses
Apple released a software update for iPhones, iPads and macs that turns its Apple Intelligence AI on by default for users with supported devices
Nvidia’s market cap dropped by $589 Billion in ONE DAY
President Trump:
“Chinese DeepSeek AI advances should be a wakeup call”
“Microsoft is eyeing TikTok bid to keep app in the U.S.”
Amazon will begin launching drone deliveries in the UK
Economic News:
New Home Sales:
(Previous 674k, Actual 698k)
Major Indices:
S&P 500: -1.41%
Nasdaq: -2.91%
Dow Jones: +0.68%
Tuesday, January 28
Stock Related News:
OpenAI launched ChatGPT Gov, specifically for U.S. government agencies, available on Microsoft Azure
Navy bans use of DeepSeek due to ‘security and ethical’ concerns
Microsoft and OpenAI are investgating whether data output from OpenAI’s technology was obtained in an unauthorized manner by a group linked to DeepSeek
UK considers making Netflix users pay license fee to fund BBC
Starlink will provide reliable high-speed connectivity to the oracle enterprise communications platform
General Motors expects to save up to $1 billion a year by ending development of its Cruise Robotaxi
From the White House:
It will invite podcasters, social media influencers, etc to apply for a press pass
“Looking at the national security implications of DeepSeek’
Starbucks maintained the #2 Brand Ranking for gift cards sold
Starbucks plans to cut the size of its menu by roughly 30% by the end of 2025
President Trump plans to offer buyouts to all federal workers
Navy bans use of DeepSeek due to ‘security and ethical’ concerns
Economic News:
Durable-Goods Orders:
(Previous -2%, Actual -2.2%)
Consumer Confidence:
(Previous 109.5, Actual 104.1)
Major Indices:
S&P 500: +0.86%
Nasdaq: +1.48%
Dow Jones: +0.29%
Wednesday, January 29
Stock Related News:
Jerome Powell and the Feds left rates UNCHANGED
Jerome Powell:
“Risks to achieving goals roughly in balance… we do not need to be in a hurry to adjust policy rate”
“Not going to comment on what the President said and that he has had no contact with President Trump”
“We don’t need to wait for 2% inflation to cut rates”
Frontier Airlines has proposed merging with bankrupt Spirit Airlines again
OpenAI claims it has evidence China’s DeepSeek used its model to train competitor
Google introduces open-source marketing mix model ‘meridian’
Fox has reportedly gotten at least $8 Million each for Super Bowl ads
President Trump officials discuss tightening curbs on Nvidia China Sales
Economic News:
Retail Inventories:
(Previous 0.0%, Actual 0.3%)
Wholesale Inventories:
(Previous -0.1%, Actual -0.5%)
Major Indices:
S&P 500: -0.45%
Nasdaq: -0.19%
Dow Jones: -0.27%
Thursday, January 30
Stock Related News:
SEC gives initial approval to combined Bitcoin and Ethereum ETF
OpenAI CEO Sam Altman today briefed US Congress on the need to continue investing heavily in physical infrastructure to support future AI development
Tesla said it expects to spend more than $11 Billion in CAPEX this year and in each of the next 2 fiscal years
The Department of Justice sues to block Hewlett Packard Enterprise acquisition of Juniper
Amazon is ramping up ad spending on Elon Musk’s X a major shift after pulling much of its advertising more than a year ago
Apple which pulled all of its ad dollars from X in late 2023, in recent weeks has had discussions about testing out ads on the platform
President Trump:
“ I will put a 25% tariff on Canada and Mexico because of Fentanyl”
Economic News:
GDP:
(Previous 3.1%, Actual 2.3%)
Initial Jobless Claims:
(Previous 223k, Actual 207k)
Pending Home Sales:
(Previous 1.6%, Actual -5.5%)
Major Indices:
S&P 500: +0.54%
Nasdaq: +0.43%
Dow Jones: +0.37%
Friday, January 31
Stock Related News:
Apple CEO Tim Cook said that Apple Intelligence starting in April will support eight additional languages, including French, German, Italian, Portuguese, Spanish, Japanese, Korean, and simplified Chinese
President Trump will meet with Nvidia CEO Jensen Haung at the White House
OpenAI will reportedly launch new O3-mini model today in response to DeepSeek
Costco is raising pay for most of its hourly US workers to more than $30 an hour
Dell is the latest tech company to announce it’s ending its hybrid and remote work policy
Starting March 3rd, Dell employees will have to show up in person five days a week
Google is offering buyouts to employees in its “Platforms and Devices” unit ahead of expected cuts
Mark Zuckerberg and Meta are reportedly in talks to move out of Delaware and reincorporate the company in Texas or another state
Apple has canceled plans to build advanced augmented reality glasses that would pair with its devices
DeepSeek’s hardware spend could be as high as $500 Million new report estimates
Economic News:
Personal Income:
(Previous 0.3%, Actual 0.4%)
Personal Spending:
(Previous 0.6%, Actual 0.7%)
PCE Index:
(Previous 0.1%, Actual 0.3%)
Major Indices:
S&P 500: -0.53%
Nasdaq: -0.15%
Dow Jones: -0.76%
