HaiKhuu Weekly Recap & Analysis
September 9 - September 13, 2024
MAJOR EVENTS OF LAST WEEK
Highlights:
Apple Event Takeaways:
The iPhone 16 introduces a physical camera button, giving users enhanced control.
Apple's AI-powered "Apple Intelligence" feature will soon be available on devices starting next month in the U.S., with global rollouts planned gradually.
The refreshed AirPods lineup features a more comfortable design, hearing aid capabilities, and a more compact charging case.
The new Apple Watch Series 10 boasts a thinner profile, a brighter display, faster charging, sleep apnea detection, and a premium titanium option.
The iPhone 16 starts at $799, with the Pro Max model priced up to $1,199.
Mastercard agree to buy cyber-defense firm Recorded Future for $2.65 billion
Boeing workers are on strike after walking off the job early Friday after staff rejected a new labor contract and approved a strike with a 96% vote
Major Indices’ Weekly Movement:
S&P 500: +3.19%
Nasdaq: +4.91%
Dow Jones: +1.88%
Monday, September 9
Stock Related News:
Apple Event Takeaways:
The iPhone 16 introduces a physical camera button, giving users enhanced control.
Apple's AI-powered "Apple Intelligence" feature will soon be available
devices starting next month in the U.S., with global rollouts planned gradually.
The refreshed AirPods lineup features a more comfortable design, hearing aid capabilities, and a more compact charging case.
The new Apple Watch Series 10 boasts a thinner profile, a brighter display, faster charging, sleep apnea detection, and a premium titanium option.
The iPhone 16 starts at $799, with the Pro Max model priced up to $1,199.
Oracle and Amazon Web services announce strategic partnership that “allows customers to access Oracle Autonomous Database on dedicated infrastructure and Oracle Exadata Database within AMS”
Apple lost its legal battle over a $14.4 billion tax bill in Ireland, while Google failed to overturn a €2.4 billion fine for abusing its market power
Economic News:
Wholesale Inventories:
(Previous 0.0%, Actual 0.2%)
Major Indices:
S&P 500: +1.12%
Nasdaq: +1.29%
Dow Jones: +1.13%
Tuesday, September 10
Stock Related News:
Tesla and Uber have launched an in-car integration of ridesharing navigation directly into its Tesla vehicles for Uber drivers
New Starbucks CEO Brian Niccol sent a open letter to all partners, customers, and stakeholders with plans to redouble efforts to improve the company’s physical locations
United Airlines CEO said he thinks Boeing has ‘turned’ the corner
Microsoft CTO Kevin Scott hinted at an important new AI model or product emerging before the end of the year
John Deere has agreed to pay $9.9 million to settle allegations that its Thai subsidiary sought to win business by courting government officials with visits to massage parlors and lavish trips abroad.
Economic News:
Optimism Index:
(Previous 93.7, Actual 91.2)
Major Indices:
S&P 500: +0.44%
Nasdaq: +0.92%
Dow Jones: -0.19%
Wednesday, September 11
Stock Related News:
US Airlines may soon have to pay passengers cash penalties for disrupted flights, in addition to meals and hotels
Samsung is cutting up to 30% of its overseas staff at some divisions
They have instructed subsidiaries worldwide to reduce sales and marketing staff by about 15% and the administrative staff by up to 30%
Citi said he expects Jerome Powell and the Fed to cut rates by 0.25% next week followed by a 0.50% cut in BOTH November and Decemeber
OpenAi is reportedly discussing raising funds at $150 billion valuation
Big 4 accounting firm PricewaterhouseCoopers is in the process of laying off 1,800 workers in the US
Economic News:
Consumer Price Index:
(Previous 0.0%, Actual 0.2%)
Core CPI:
(Previous 3.2%, Actual 3.2%)
CPI YoY:
(Previous 2.9%, Actual 2.5%)
Major Indices:
S&P 500: +1.03%
Nasdaq: +2.17%
Dow Jones: +0.25%
Thursday, September 12
Stock Related News:
Mastercard agree to buy cyber-defense firm Recorded Future for $2.65 billion
Microsoft is laying of 650 employees from its video-game business
General Motors and Hyundai Motor have entered into an agreement to explore “future collaboration across key strategic areas” in an effort to reduce capital spending and increase efficiencies
Microsoft hired Carolina Dybeck Happe as its Chief Operating Officer, reporting to CEO Satya Nadella
Apple has officially received approval from the FDA for software that turns the new AirPods Pro into over-the-counter hearing aids
Amazon boots pay for its drivers following threats to unionize
Economic News:
Initial Jobless Claims:
(Previous 228k, Actual 230k)
Core PPI:
(Previous 0.3%, Actual 0.3%)
Major Indices:
S&P 500: +0.84%
Nasdaq: +0.98%
Dow Jones: +0.66%
Friday, September 13
Stock Related News:
Uber and Waymo expand their partnership to bring autonomous-hailing to Austin and Atlanta
Boeing workers are on strike after walking off the job early Friday after staff rejected a new labor contract and approved a strike with a 96% vote
Starlink is coming to United Airlines after announcing it will outfit its entire fleet with Elon Musk’s Starlink internet service and will offer it to passengers for free
Nvidia received approval to sell its cutting-edge chips to G42, the company at the center of the United Arab Emirates’ efforts to become a global leader in AI
Economic News:
Import Price Index
(Previous 0.1%, Actual -0.3%)
Major Indices:
S&P 500: +0.52%
Nasdaq: +0.45%
Dow Jones: +0.72%
