Markets bounce back

Hope you're having a great Sunday! ☕📈 

Here’s your weekly market recap, bringing you the biggest updates in stocks, crypto, and the economy—quick, clear, and to the point.

Stock Market

Stocks Headlines

Wall Street staged a strong comeback this week, with the Nasdaq up 6.7% and the S&P 500 gaining 4.6%. Tech giants like Nvidia fueled the rally as optimism around future rate cuts grew. However, despite the upbeat headline numbers, over half of S&P 500 companies ended Friday lower, highlighting ongoing market fragility. Investors remain cautious with global trade tensions and earnings season volatility still in play. Overall, momentum has improved but risks remain under the surface.

$INTC ( ▼ 6.7% ) : Intel plans to lay off more than 20% of its staff — over 21,000 jobs — as part of CEO Lip-Bu Tan’s major restructuring effort. The cuts focus mainly on middle management to speed up decision-making and drive an engineering-led culture. This follows a 15% reduction last year and ties into a $10 billion cost-saving plan. Intel faces pressure from shrinking PC demand and rising competition in AI chips. More details are expected with its upcoming quarterly results.

Amid broader market uncertainty, Apple and Tesla showed notable strength this week. Apple closed Friday up 0.86% at $209.28, while Tesla surged nearly 10% to $284.95 following better-than-expected production numbers. Investors continue to favor mega-cap tech stocks for their earnings stability and cash-rich balance sheets. Both companies have proven resilient despite macroeconomic challenges, helping to anchor the Nasdaq’s impressive recovery. This trend reflects a continued "flight to quality" among investors.

$BAC ( ▲ 0.28% ) : Bank of America strategists warned that the current market rally might be short-lived unless several big catalysts emerge. They pointed to the need for an interest rate cut by the Federal Reserve, a major US-China trade breakthrough, and sustained consumer strength to maintain upward momentum. Without these factors, the market could remain highly volatile and vulnerable to sharp pullbacks. Investors were urged to remain defensive, favoring quality stocks and sectors less sensitive to economic cycles.

Spotlight

Slate Auto, backed by Jeff Bezos, unveiled a no-frills electric pickup priced under $20,000. Built in Indiana with up to 240 miles of range, it strips out extras like infotainment to stay affordable. Deliveries are set for 2026, aiming to disrupt a market where EV prices average over $59,000.

Crypto

Crypto Radar

Bitcoin approached the $95,000 mark this week, boosted by excitement around the upcoming halving event. Analysts from Galaxy Research forecast that BTC could hit $150,000 by year-end, driven by increasing institutional inflows and ETF adoption. The halving, which cuts miner rewards in half, historically triggers major rallies due to reduced supply pressure. Sentiment across the broader crypto market remains bullish despite general macro volatility. Many investors are positioning ahead of expected major price moves.

Cardano (ADA) had a mixed week, falling 7.6% over the past seven days but maintaining a broader uptrend with nearly 97% gains over six months. The coin faces stiff resistance near $1.37 but shows signs of solidifying its position above $1.20. Analysts remain cautiously optimistic, citing Cardano’s strong developer activity and growing DeFi ecosystem. ADA could see a breakout if Bitcoin’s momentum spills over into altcoins post-halving. Traders are watching closely for a decisive move in the coming weeks.

​Bitdeer Technologies Group has secured $179 million in loans and equity, backed by Matrixport, to expand its blockchain and high-performance computing operations. The Singapore-based firm, founded by Jihan Wu, plans to use the funds for data center growth and ASIC mining rig development. Additionally, Upexi Inc has raised $100 million to support its expansion into AI infrastructure and blockchain gaming projects. These investments highlight the growing interest in crypto-related ventures as the sector gains momentum.

Economy

Economic News

President Trump's second term has already stirred major economic waves just 100 days in. Aggressive tariff moves, a surging fiscal deficit projected at 6% of GDP, and strained international alliances have left investors uneasy. Many analysts warn of heightened market volatility and geopolitical risks through the remainder of 2025. The administration is betting on protectionism and deregulation to drive growth, but critics question the long-term sustainability. Expect bumpy markets as uncertainty remains high.

UK households will see a major relief on their energy bills starting July as Ofgem lowers the price cap by 9% to £1,683. This will save the average home roughly £166 a year, offering a small boost to disposable incomes. The drop follows a 20% decrease in wholesale gas prices thanks to mild weather and easing supply constraints. Lower bills could slightly cool inflationary pressures heading into the second half of 2025. Consumer sentiment in the UK is expected to improve modestly.

The United States and India are negotiating a comprehensive trade agreement covering 19 sectors, including agriculture, e-commerce, data storage, and critical minerals. The finalized terms of reference aim to enhance market access and cooperation in both goods and services. This initiative is part of broader efforts to strengthen bilateral economic ties and address trade imbalances

Help Us Grow!
If you enjoyed today’s newsletter, forward it to a friend who’d love to stay on top of the latest in finance, market trends, and breaking news. The more, the merrier! Plus, when your friends sign up, you’ll be helping us build a community of informed investors.

Disclaimer:
We are not financial advisors, and the information provided in this newsletter is for educational purposes only. Always conduct your own due diligence and consider what makes sense for your individual financial situation. Investing involves risks, and there is no guarantee of making money. In fact, you may lose money. We aim to provide you with the tools and insights to help you make informed decisions, but the ultimate responsibility lies with you.