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.
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📈 Stock Market Roundup
Index | Week | Month | Year |
|---|---|---|---|
DOW | -1.32% | -0.30% | +9.35% |
S&P 500 | -0.39% | +1.10% | +10.04% |
NASDAQ | -0.63% | +1.54% | +9.71% |
FTSE 100 | +0.14% | +2.51% | +8.64% |
STOXX 50 | -2.57% | -2.24% | +9.33% |
NIKKEI 225 | +0.25% | +0.21% | -2.53% |
Stocks Headlines
⚡ Trump Mobile Set to Shake Up Telecom
What’s up: Trump Organization officially launched Trump Mobile on June 16 as an MVNO, leasing from AT&T, Verizon & T-Mobile—alongside a gold‑clad “T‑1 Phone” device priced at $499 and a $47.45/month “47 Plan” 📱
Why it matters: This isn’t just branding—it’s a direct challenge to legacy carriers. Ethical questions loom over FCC ties and manufacturing claims; experts doubt any serious U.S. phone production beyond boutique volumes
🌡️ Pharma Stocks Jolt on Tariff Threats
What’s up: Pharmaceutical stocks dipped sharply after Trump reignited talk of big tariffs on drug imports, triggering recall memories—and price swings—in both U.S. and Indian markets.
Why it matters: With 30–40% of Indian pharma sales tied to the U.S., companies like Granules India, Lupin, Sun Pharma, Dr. Reddy’s, AbbVie, and Bristol‑Myers slumped ~2–4%. A tariff on pharma could push up drug costs and disrupt global pipelines.
🚀 Jabil and Oracle Among Top Movers
What’s up: In U.S. markets, $JBL ( ▲ 0.47% ) and $ORCL ( ▲ 4.06% ) have emerged as top movers this week amid broader market optimism ahead of the Fed decision.
Why it matters: Jabil—an electronics contract-manufacturer—is riding rebound hopes, while Oracle benefits from continued strength in enterprise software and cloud, making them standout relative outperformers in a cautiously bullish market.
📈 Zoetis Surges on Animal Health Demand
What’s up: $ZTS ( ▼ 0.83% ) , the pet-health giant, has popped up as a top mover this week on growing demand for veterinary products amid a consumer shift toward pet ownership during inflationary pressure .
Why it matters: As discretionary spending stays tight, pet care spending remains resilient, spotlighting Zoetis as a defensive growth play in healthcare-adjacent sectors.
🔦 Spotlight
📱 The Trump Phone – Real Tech or Just Talk?
Trump Mobile is officially here. Powered by AT&T, Verizon, and T-Mobile networks, the new venture launched this week with a gold-colored “T1 Phone” and a $47.45/month “47 Plan” — a nod to Trump aiming to be the 47th president.
💰 Crypto Universe
Asset | Week | Month | Year |
|---|---|---|---|
Bitcoin | +1.87% | +0.16% | +37.32% |
Ethereum | -6.05% | -18.58% | -47.47% |
XRP | +0.38% | -11.85% | +315.10% |
Crypto Radar
⚖️ Senate Greenlights Stablecoin Regulation
The U.S. Senate has passed the bipartisan GENIUS Act with a 68–30 vote. The bill mandates strict 1:1 asset backing, monthly reserve disclosure, and anti-money laundering requirements for stablecoin issuers. It now moves to the House before heading to the President’s desk.
🔥 Bitcoin Eyes Major Breakout
Coinbase plans to expand into crypto derivatives, challenging CME Group's dominance. It’s betting on rising demand from institutional traders.
🏦 Coinbase Seeks SEC Nod for Tokenized Equities
Coinbase has formally requested either a “no-action letter” or an exemptive ruling from the SEC to roll out tokenized stock trading—digital versions of traditional equities on blockchain.
🌍 Economic Snapshot
Region | GDP Growth | Inflation Rate | Interest Rate |
|---|---|---|---|
USA | -0.20% | 2.40% | 4.50% (Fed) |
UK | 0.70% | 3.50% | 4.25% (BoE) |
Eurozone | 0.60% | 1.90% | 2.15% (ECB) |
Economic News
📉 Fed Holds Rates Steady, Warns on Tariffs
The Fed has kept interest rates at 4.25–4.5%, citing mixed economic signals and persistent inflation from trade tensions. Chair Powell emphasized that “someone has to pay for the tariffs” and flagged potential rate cuts later this year, conditional on easing price pressures.
🤨 CEO Confidence Hits Pandemic-Era Lows
The Business Roundtable’s Q2 CEO Economic Outlook Index plunged to 69 (below the post-2020 average of 83). Hiring, investment, and sales plans all fell sharply.
🛒 Retail Spending Slumps—Autos, Dining Hit
U.S. May retail sales dropped 0.9%, marking the second consecutive decline, driven by a 3.5% fall in car sales and a nearly 1% drop in restaurant spending.
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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.