HaiKhuu Weekly Recap & Analysis
June 2 - June 6, 2025
MAJOR EVENTS OF LAST WEEK
Highlights:
PayPal announced today the introduction of a new physcial PayPal Credit Card issued by Synchrony Financial
Spotify and United Airlines just announced a partnership to make
“Music, podcasts, and audiobooks available on 130,000+ seatback screens”
Procter & Gamble announced plans to cut 7,000 non manufacturing jobs globally in the next two years
Major Indices’ Weekly Movement:
S&P 500: +1.91%
Nasdaq: +2.43%
Dow Jones: +1.67%
Monday, June 2
Stock Related News:
Microsoft announced plans to invest $400 million in to Switzerland to develop its cloud computing and AI intelligence infrastructure
Mark Zuckerberg and Meta aim to fully automate ad creation using AI
Snowflake has agreed to acquire database startup Crunchy Data for $250 million
Trump Administration demands countries provide their ‘best offer’ in trade negotiations by Wednesday
Sets a firm July 8th deadline to finalize trade deals
The United States extended a tariff pause on Chinese goods to August 31st
Subway’s owner Roark Capital now owns Dave’s Hot Chicken for $1 billion
The Department of Education is pausing its plan to garnish people’s Social Security benefits if they have defaulted on their student loans
Economic News:
Manufacturing PMI:
(Previous 52.3, Actual 52.0)
ISM Manufacturing:
(Previous 48.7%, Actual 48.5%)
Construction Spending:
(Previous -0.8%, Actual -0.4%)
Major Indices:
S&P 500: +0.56%
Nasdaq: +0.79%
Dow Jones: +0.20%
Tuesday, June 3
Stock Related News:
Hims & Hers announced it has agreed to acquire European digital platform ZAVA
PayPal announced today the introduction of a new physcial PayPal Credit Card issued by Synchrony Financial
Amazon Web Services is forming a new parent company and three subsidiaries in Germany as part of a sovereign cloud the company is launching in the European Union
Peloton has launched a secondary marketplace for reslling used bikes and treadmills
Economic News:
Factory Orders:
(Previous 3.4%, Actual -3.7%)
Job Openings:
(Previous 7.2M, Actual 7.4M)
Major Indices:
S&P 500: +0.57%
Nasdaq: +0.78%
Dow Jones: +0.54%
Wednesday, June 4
Stock Related News:
GlobalFoundries plans to spend $16 billion to boost chip production
Uber Technologies just announced the nationwide launch of senior accounts
Reddit is suing AI startup Anthropic for breach of contract, ‘unfair competition’
Raytheon secures $1.1 Billion Navy contract for more short-range missles
Amazon is preparing to test humanoid robots for package delivery
Spotify and United Airlines just announced a partnership to make
“Music, podcasts, and audiobooks available on 130,000+ seatback screens”
Economic News:
ADP Employment:
(Previous 60k, Actual 37k)
Services PMI:
(Previous 52.3, Actual 53.7)
ISM Services:
(Previous 51.6%, Actual 49.9%)
Major Indices:
S&P 500: -0.03%
Nasdaq: +0.28%
Dow Jones: -0.25%
Thursday, June 5
Stock Related News:
Procter & Gamble announced plans to cut 7,000 non manufacturing jobs globally in the next two years
President Trump about Elon Musk:
Don’t know if we’ll have a great relationship anymore
He’s upset because we took away the EV manfate, we said no Musk’s NASA choice, I am right about the great big beautiful bill
Uber is reportedly in the study phase of using stablecoins as payment vehicle
Tesla’s market cap dropped bt $152 Billion, its largest ever one day market cap decrease
Walmart plans to expand drone deliveries to three more states
Economic News:
Initial Jobless Claims:
(Previous 239k, Actual 247k)
Trade Deficit:
(Previous -$140.5B, Actual $61.6B)
Major Indices:
S&P 500: -0.48%
Nasdaq: -0.75%
Dow Jones: -0.23%
Friday, June 6
Stock Related News:
China grants export licenses to rare earth suppliers of top three automakers
President Trump said the US will meet with Chinese representatives on trade on Monday
Crypto firm gemini confidentially files for U.S. IPO
Economic News:
Employment Report:
(Previous 147k, Actual 139k)
Unemployment Rate:
(Previous 4.2%, Actual 4.2%)
Major Indices:
S&P 500: +1.03%
Nasdaq: +0.98%
Dow Jones: +1.04%
