HaiKhuu Weekly Recap & Analysis
December 9 - December 13, 2024
MAJOR EVENTS OF LAST WEEK
Highlights:
Tesla has officially hit $420 all-time high
Quickbooks will become Amazon’s preferred partner for financial management solutions
Kroger’s $24.6 billion deal to acquire Albertsons blocked by federal judge
Robinhood is partnering with NASDAQ to do a learn to earn promo in the app for retirement accounts
Major Indices’ Weekly Movement:
S&P 500: -0.59%
Nasdaq: +0.94%
Dow Jones: -1.88%
Monday, December 9
Stock Related News:
China targets Nvidia on potential breaches of anti-monopoly laws
Omnicom just agreed to acquire Interpublic
Quickbooks will become Amazon’s preferred partner for financial management solutions integrated directly in Amazon Seller Central, the Amazon site where sellers manage their businesses
Google announced the release of Willow its new quantum computing chip
Economic News:
Wholesale Inventories:
(Previous -0.2%, Actual 0.2%)
Major Indices:
S&P 500: +0.19%
Nasdaq: -0.78%
Dow Jones: -0.46%
Tuesday, December 10
Stock Related News:
Kroger’s $24.6 billion deal to acquire Albertsons blocked by federal judge
Amazon will begin testing a rapid delivery service in India this month. Amazon plans to experiment with the new initiative in some areas of Bangalore, as a potential precursor to a broader rollout
Sabre and American Airlines extend its partnership
Gen Digital said it agreed to acquire MoneyLion in a deal valued around $1 billion
Microsoft shareholders vote against Bitcoin investment proposal, preliminary votes show
Walgreens is in talks to sell itself to a private equity firm Sycamore Partners
Satellite capability is slated to come to next year’s Apple Watch Ultra and will let users send off-the-grid text messages when they don’t have a cellular or Wi-Fi connection
President Biden is set to officially block Nippon Steel’s purchase of us steel
Amazon’s new online car dealership with Hyundai is now live
The partnership with Hyundai has dealers in 48 cities in the U.S. to list vehicles on the site
General Motors halts funding of Robotaxi development by cruise
Economic News:
NFIB Optimism Index:
(Previous 93.7, Actual 101.7)
Major Indices:
S&P 500: -0.51%
Nasdaq: -0.34%
Dow Jones: -0.31%
Wednesday, December 11
Stock Related News:
Tesla has officially hit $420 all-time high
Google has reportedly requested the FTC to break up Microsoft’s exclusive deal to host OpenAI’s technology on its cloud servers
Apple just released a software update for its iPhone and other products which includes a long-awaited ChatCPT integration with Siri
Apple is developing its first server chip’s networking technology, which is crucial for AI processing, according to one of the people
Supreme Court dismisses case involving securities fraud lawsuit brought by shareholders against Nvidia
The NFL and Nike just announced a 10 year extension to their partnership with the new deal running through 2038
Economic News:
CPI (YoY):
(Previous 2.6%, Actual 2.7%)
Core CPI:
(Previous 3.3%, Actual 3.3%)
Monthly U.S. Federal Budget:
(Previous -$314B, Actual $366.8B)
Major Indices:
S&P 500: -0.31%
Nasdaq: +1.79%
Dow Jones: -0.27%
Thursday, December 12
Stock Related News:
Bitcoin ATM giant Byte Federal said the personal data of 58,000 customers may have been compromised during a recent breach
President-Elect Donald Trump said:
“We’re getting corporate taxes down to 15% if you make your product in the U.S.”
Google owned YouTube just raised the price of YouTube TV to $82.99 per month up from $72.99 per month
Apple is nearing a switch to its own in-house combined Wifi + Bluetooth chip
Robinhood is partnering with NASDAQ to do a learn to earn promo in the app for retirement accounts
Economic News:
Initial Jobless Claims:
(Previous 224k, Actual 242k)
Producer Price Index:
(Previous 0.2%, Actual 0.4%)
Core PPI:
(Previous 0.3%, Actual 0.1%)
Major Indices:
S&P 500: -0.02%
Nasdaq: +0.77%
Dow Jones: -0.20%
Friday, December 13
Stock Related News:
Apple will begin making AirPods in India for the first time early next year
Affirm is getting its largest-ever capital commitment with a new partnership from private-credit firm Sixth Street, which is investing in $4 billion worth of loans over the course of three years
Economic News:
Import Price Index:
(Previous 0.1%, Actual 0.1%)
Major Indices:
S&P 500: +0.19%
Nasdaq: +0.89%
Dow Jones: -0.35%
