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Warren Buffett retires
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
Index | Week | Month | Year |
|---|---|---|---|
DOW | -0.16% | +2.58% | +4.39% |
S&P 500 | -0.47% | +5.53% | +8.37% |
NASDAQ | -0.27% | +7.20% | +9.72% |
FTSE 100 | -0.48% | +7.42% | +1.44% |
STOXX 50 | +0.46% | +10.91% | +4.42% |
NIKKEI 225 | +1.83% | +11.66% | -1.90% |
Stocks Headlines
Warren Buffett, 94, announced his retirement as CEO and chair of Berkshire Hathaway at the end of 2025, naming Greg Abel as successor. Business leaders, including JP Morgan's CEO, praised Buffett's legacy, calling him "everything good about American capitalism." Buffett received a standing ovation from thousands of investors at the Omaha annual meeting. He plans to retain all his shares, expressing confidence in Abel's leadership.
$AAPL ( ▼ 0.09% ) : On May 5, 2025, Apple launched its first bond offering in two years, raising $4.5 billion through a four-tranche deal. Proceeds will be used for stock buybacks and debt repayment, addressing $8 billion in upcoming maturities. The offering attracted $10 billion in orders, reflecting strong investor demand amid tightening credit spreads.
$DASH ( ▲ 2.49% ) : DoorDash will acquire Deliveroo for £2.9B ($3.9B) in cash, offering a 29% premium. The deal expands DoorDash’s footprint to 10 new markets, including the UK. It already has 15.4% shareholder support, with 75% needed. The acquisition adds 49M users and is not expected to face regulatory issues.
$DIS ( ▲ 1.07% ) : Disney raised its full-year profit outlook to $5.75 per share after strong Q2 results, driven by $336M in streaming profits and robust U.S. park attendance. Disney+ added 1.4M subscribers. Shares surged nearly 11% on the news.
Spotlight
Disney will open its first Middle East theme park, "Disneyland Abu Dhabi," on Yas Island in partnership with Miral Group. Fully indoor and culturally themed, the park is set to open in the early 2030s with Disney providing creative oversight.
Disney
Crypto
Asset | Week | Month | Year |
|---|---|---|---|
Bitcoin | +10.36% | +22.04% | +69.31% |
Ethereum | +37.23% | +50.98% | -15.26% |
XRP | +8.61% | +8.44% | +369.07% |
Crypto Radar
Bitcoin surged past $100,000, driven by optimism over a new U.S.-U.K. trade deal that eased global tariff tensions. This marks a significant rebound from April's low of $74,000, signaling renewed investor confidence and potential for further gains.
Alex Mashinsky, founder of Celsius Network, was sentenced to 12 years in prison for securities and commodities fraud. He misled customers about investment safety and inflated the value of Celsius's token, CEL. The sentence includes three years of supervised release and a $48.4 million forfeiture. Celsius filed for bankruptcy in 2022, revealing a $1.19 billion deficit.
The U.S. Senate failed to advance the GENIUS Act for stablecoin regulation, falling short of the required 60 votes. Despite crypto industry support, the bill faced opposition due to concerns over foreign oversight and anti-money-laundering rules. Senator Mark Warner withdrew support, halting progress.
Economy
Region | GDP Growth | Inflation Rate | Interest Rate |
|---|---|---|---|
US | -0.30% | 2.40% | 4.50% |
UK | 0.10% | 2.60% | 4.25% |
EU | 0.40% | 2.20% | 2.40% |
Economic News
The UK and India finalized a Free Trade Agreement eliminating tariffs on 99% of Indian exports and 90% of UK goods. Key sectors include textiles, gems, and automotive. The deal also provides relief on national insurance for Indian workers in the UK, despite criticism from some UK groups.
The Bank of England cut its base interest rate from 4.5% to 4.25%, aiming to stimulate growth amid easing inflation. Homeowners with tracker or variable rate mortgages could save £14–£29 per month. Fixed-rate mortgages may also benefit, with rates expected to drop below 3.5% later in 2025.
The UK and US have agreed on a landmark economic deal that eliminates tariffs on UK steel and aluminium and reduces car export tariffs from 27.5% to 10% for up to 100,000 vehicles annually. This agreement is expected to save thousands of jobs in the UK car manufacturing and steel industries.
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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.