HaiKhuu Weekly Recap & Analysis
November 11 - November 15, 2024
MAJOR EVENTS OF LAST WEEK
Highlights:
American Airlines said a flight departing Haiti’s capital was hit by a bullet
A Spirit Airlines plane appeared to be hit by gunfire while attempting to land in the country
Swedish Fintech company Klarna just filed to go public in the US through an IPO
Google just launched its dedicated Gemini AI app for iPhone users
President Elect Trump is expected to try to halt the potential TikTok ban
Major Indices’ Weekly Movement:
S&P 500: -2.36%
Nasdaq: -3.65%
Dow Jones: -1.68%
Monday, November 11
Stock Related News:
MicroStrategy just announced it spent $2.03 Billion to buy an additional 27,200 Bitcoin between October 31st to November 10th at an average price of $74,463
Amazon is developing smart eyeglasses for its delivery drivers to guide them to around and within buildings
Chipotle just announced Scott Boatwright as its new full time CEO
Boeing just said its top quality executive is leaving after less than a year in the role
Microsoft just announced its working with the Vatican to create a digital twin of St. Peter’s Basilica
23andMe just announced its cutting its workforce by 40% or roughly 200 employees
Economic News:
Veteran’s Day - Bond market closed
Major Indices:
S&P 500: +0.10%
Nasdaq: -0.06%
Dow Jones: +0.66%
Tuesday, November 12
Stock Related News:
Amazon is stepping up its efforts to build AI chips to rival Nvidia
Netflix just said its ads supported tier now has more than 70 Million monthly active users globally
President Elect Trump is expected to try to halt the potential TikTok ban
Activist Investor ValueAct has reportedly taken a $1 Billion stake in Facebook
Amazon Web Services is in talks for a potential deal to give access to Nvidia GPUs through its cloud service a deal that could be worth roughly $475 Million over 5 years
Rivian and Volkswagen just announced they are increasing the size of their $5 Billion deal up to $5.8 Billion
The Biden administration today released a roadmap for plans to triple US nuclear capacity by the middle of the century
American Airlines said a flight departing Haiti’s capital was hit by a bullet
A Spirit Airlines plane appeared to be hit by gunfire while attempting to land in the country
Economic News:
Fed Governor Waller Speaks
Major Indices:
S&P 500: -0.31%
Nasdaq: -0.18%
Dow Jones: -0.82%
Wednesday, November 13
Stock Related News:
Swedish Fintech company Klarna just filed to go public in the US through an IPO
Marc Benioff said its ‘crazy talk’ that AI will hurt Salesforce
AMD is reportedly cutting 4% of global workforce
Meta is reportedly launching threads in early 2025
Amazon recently shut down a secretive project focused on developing an at-home fertility tracking product
OpenAI to present plans for AI strategy and an alliance to compete with China
Elon Musk owned X Corp just named Mahmoud Reza Banki as its new Chief Financial Officer
Fed Musalem:
“There is likely space for a gradual easing of policy towards neutral rate
Economic News:
Consumer Price Index - 8:30 AM
Monthly U.S. Federal Budget
(Previous -$67B, Actual -$257B)
Major Indices:
S&P 500: +0.05%
Nasdaq: -0.13%
Dow Jones: +0.10%
Thursday, November 14
Stock Related News:
Google just launched its dedicated Gemini AI app for iPhone users
Paypal is launching a new feature that lets users put money in group pools with friends and family, to collectively pay for trips, travel gifts, and anything else
Palantir and Rio Tinto announced yesterday an extension to their partnership
Money-market assets reportedly surpass $7 Trillion for the first time ever
Disney now has 158.6 Million global subscribers up from 94.9M at the start of 2021
Trump transition plans to kill $7,500 consumer tax credit for EVs
Regulators plan to investigate Microsoft’s cloud business
Economic News:
Initial Jobless Claims
(Previous 221k, Actual 217k)
Federal Reserve Chair Jerome Powell Speaks
New York Fed President John Williams Speaks
Major Indices:
S&P 500: -0.64%
Nasdaq: -0.69%
Dow Jones: -0.48%
Friday, November 15
Stock Related News:
The White House said the agreement with TSMC will spur $65B of private investment to build 3 facilities in Arizona and create tens of thousands of jobs by the end of the decade
McDonald’s is spending $100 million in an effort to revive sales and support franchisees after the recent E. Coli outbreak spooked diners away
The state of New York is asking atomic energy developers and major power users to share information about their interest in seeing new nuclear projects built across the region
Economic News:
Boston Fed President Susan Collins Speaks
Major Indices:
S&P 500: -1.28%
Nasdaq: -2.38%
Dow Jones: -0.67%
