HaiKhuu Weekly Recap & Analysis
May 12 - May 16, 2025
MAJOR EVENTS OF LAST WEEK
Highlights:
The U.S. and China have agreed to temporarily suspend most tariffs on each other’s goods for 90 days
Warner Bros Discovery has rebranded its streaming service Max back to HBO Max
The SEC is investigating whether Coinbase misstated its user numbers
Coinbase hackers reportedly have had access to customer data since January
Major Indices’ Weekly Movement:
S&P 500: +2.16%
Nasdaq: +2.87%
Dow Jones: +0.77%
Monday, May 12
Stock Related News:
The U.S. and China have agreed to temporarily suspend most tariffs on each other’s goods for 90 days
U.S. Treasury Secretary Bessent:
Likely to meet with China again in ‘next few weeks’ to work on bigger agreement
It’s implausible tariffs on China go below 10%
Shopify is joining the NASDAQ 100 on May 19th
Apple is considering raising prices for its next iPhone which will be released later this year
President Trump:
We achieved total reset with China, will speak to XI at end of week maybe
Spoke with Apple CEO Tim Cook, says Apple will build a lot in U.S.
The European Union in many ways is nastier than China
EU will have to pay more for healthcare
The United States brought in $16.3 Billion from tariffs in April up 86% from March
Amazon has partnered with Fedex to fill some delivery gaps left by UPS
Economic News:
Federal Budget:
(Previous $210B, Actual $258B)
Major Indices:
S&P 500: +3.30%
Nasdaq: +4.07%
Dow Jones: +2.86%
Tuesday, May 13
Stock Related News:
Apple is taking early step to enable people to control their iPhones with neural signals captured by a new generation of brain implants
Trump signed a strategic economic agreement between US and Saudi Arabia
Microsoft confirmed it plans to lay of 3% of workforce
OpenAI is considering building a data center deal in the United Arab Emirates
Fintech company Chime just filed to go public through a IPO on the NASDAQ
Google is now testing a new “AI Mode” on its search homepage
Robinhood announced it has agreed to acquire WonderFi
Economic News:
NFIB Optimism Index:
(Previous 97.4, Actual 95.8)
Consumer Price Index:
(Previous -0.1%, Actual 0.2%)
Core CPI:
(Previous 0.1%, Actual 0.3%)
Major Indices:
S&P 500: +0.66%
Nasdaq: +1.52%
Dow Jones: -0.64%
Wednesday, May 14
Stock Related News:
Perplexity just announced a partnership with PayPal that will let users in the US to book travel, buy products and secure concert tickets on Perplexity’s chat interface and pay directly with Venmo or PayPal
Uber just unveiled a new feature called “Route Share” which offers pickups every 20 minutes with up to two co-riders
Warner Bros Discovery has rebranded its streaming service Max back to HBO Max
UnitedHealth Group is under criminal investigation for possible medicare fraud
Economic News:
No Economic News
Major Indices:
S&P 500: +0.13%
Nasdaq: +0.60%
Dow Jones: -0.23%
Thursday, May 15
Stock Related News:
Salesforce will acquire AI agent startup “convergence”
The SEC is investigating whether Coinbase misstated its user numbers
CVS is trying to buy stores and patient data from bankrupt Rite Aid
Microsoft is shutting off access to its Bing Search results for third-party developers
Fed Chairman Jerome Powell:
Appropriate for the Fed to re-evaluate how its sets and communicates monetary policy
We may be entering a period of more frequent and persistent supply shocks
Economic News:
Initial Jobless Claims:
(Previous 229k, Actual 229k)
Retail Sales:
(Previous 1.7%, Actual 0.1%)
Core PPI:
(Previous 0.2%, Actual -0.2%)
Industrial Production:
(Previous -0.3%, Actual 0.0%)
Capacity Utilization:
(Previous 77.8%, Actual 77.7%)
Business Inventories:
(Previous 0.2%, Actual 0.1%)
Home Builder Confidence Index:
(Previous 40, Actual 34)
Major Indices:
S&P 500: +0.49%
Nasdaq: +0.11%
Dow Jones: +0.70%
Friday, May 16
Stock Related News:
Fed President Bostic:
Expect the United States economy to slow this year but NOT fall into recession, still only see 1 rate cut in 2025
White House plans to host Africa Summit this year
Nvidia is planning to establish a new research center in Shanghai, China in a bid to grow its presence in the Chinese market
The Fed will shrink workforce - 10% over next several years
Economic News:
Import Price Index:
(Previous -0.4%, Actual 0.1%)
Housing Starts:
(Previous 1.34M, Actual 1.36M)
Building Permits:
(Previous 1.48M, Actual 1.41M)
Major Indices:
S&P 500: +0.63%
Nasdaq: +0.44%
Dow Jones: +0.80%
