May Inflation Data, Apple Conference, GameStop Earnings

A tech veteran, inflation figures and a meme-stock legend earnings from legends are one of the main attractions of the week in the markets.

Apple’s annual Worldwide Developers Conference opens the week with the main session of CEO Tim Cook for Monday. Cook will use the incident to address the company’s new products, services and partnership. The gamestop can clarify its cryptocurrency strategy on the company’s earnings call set for Tuesday. Major companies in the growing Artificial Intelligence (AI) market are also scheduled to update investors on their financial during the week.

An American inflation report prescribed for Wednesday may indicate whether President Donald Trump’s tariff has begun to affect the economy. The news follows a healthy job report on Friday.

The markets shook trade tension last week to bring back the S&P500 above 6000, investors will monitor the tariff as the deadline on Trump’s business deals. At the same time, the CEO of Senate Tesla and former government efficiency will continue to work towards Trump’s passing of “big, beautiful” budget bills amidst increasing criticism from the former department of Chief Elon Musk.

Read to our calendar of major events up to the bottom – and another thing.

Economists seek the effect of inflation in the May CPI report

The expected release of Wednesday’s Consumer Price Index (CPI) will be a first look at inflation from May. With a Federal Reserve meeting around the corner, the report can set tone for the central bank as it faces pressure at low interest rates than Trump. Fed officials are in their blackout period before their next two -day meeting, which begins on 17 June.

Trump’s tariff would be an important subject in Friday’s Consumer Avstation Report, which fell for four months before leveling out in May. Consumers are constantly worried that tariffs will make inflation higher, with the epidemic to some of its lowest readings to send closely viewed survey. As inflation has recently appeared in the investigation, the freefall in emotion may be a hit below.

It jumps into the bitcoin market as a gamestop report

Gamestop’s (GME) income report comes when the video-game retailer immerses his toe into the cryptocurrency pool. The company, which fired meme stock craze with its meteorite growth in 2021, announced in late May that it bought $ 500 million in bitcoin. With its retail video game business in the fall, Gamestop appears to focus his business model when buying a bitcoin to simulate Michael Saylor’s strategy (MSTR) and other companies’ playbook.

AI will be an important subject in other corporate income this week. The ORCL report follows the January announcement on Wednesday that the database software firm AI infrastructure will include the Chatgpt manufacturer Openai and Softbank as part of a joint venture known as Stargate to create a Stargate. The Adobe’s report is expected to focus on the sale of the company’s AI-Enhanced graphics software on Thursday.

Quick link: Rick to last week’s trading. Latest market news

Calendar of this week

Monday, June 9

• Wholesale invention (April)
• Apple’s (AAPL) WWDC conference begins with CEO Tim Cook’s main address and special program
• Major earnings: Casey’s general reserves (CASY)

Tuesday, June 10

• NFIB Small Business Optimism Index (May)
• Major earnings: Gamestop, JM Smocker (SJM), Core and Main (CNM), Gitrab (GTLB), and Academy Sports and Outdoor (ASO)

Wednesday, 11 June

• Consumer Price Index (May)
• Major earnings: Oracle, Chevi (Chwi), Cellpoint (SAIL), and Cognit Software (CGNT)
• To see more data: Monthly American Federal Budget (May)

Thursday, 12 June

• Initial unemployed claims (week ended on 7 June)
• Tesla Robotaxi launch required
• Major earnings: Adobe
• To see more data: Manufacturer Price Index (May)

Friday, 13 June

• Consumer Affairs – Preliminary (June)

One more thing

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