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Apple CEO Tim Cook will keynote at this year's Apple Worldwide Developers Conference in Cupertino, California, which starts Monday.News from a tech giant, inflation data and earnings from a meme-stock legend are among the highlights of the week ahead in markets.
Apple's annual Worldwide Developers Conference opens the week with a keynote session from CEO Tim Cook scheduled for Monday. Cook will likely use the event to address the company's new products, services, and partnerships. GameStop could clarify its cryptocurrency strategy on the company's earnings call, set for Tuesday. Key companies in the growing artificial intelligence (AI) market are also scheduled to update investors on their financials during the week.
A U.S. inflation report scheduled for Wednesday could indicate whether President Donald Trump’s tariffs are beginning to have an effect on the economy. The news follows a healthy jobs report Friday.
After markets shook off trade tensions last week to bring the S&P 500 back above 6000, investors will keep an eye on tariffs as Trump’s deadline on trade deals approaches. At the same time, the Senate will continue to work toward passage of Trump’s “Big, Beautiful” budget bill amid increasing criticism from Tesla CEO and former Department of Government Efficiency Chief Elon Musk.
Read to the bottom for our calendar of key events—and one more thing.
Economists Look for Inflation’s Impact in May CPI Report
Wednesday’s expected release of the Consumer Price Index (CPI) will be the first look at inflation from May. With a Federal Reserve meeting around the corner, the report could set the tone for the central bank as it faces pressure from Trump to lower interest rates. Fed officials are in their blackout period ahead of their next two-day meeting, which begins June 17.
Trump’s tariffs will be a key topic in Friday’s consumer sentiment report, which dropped for four straight months before leveling out in May. Consumers are consistently worried that tariffs will drive inflation higher, sending the closely watched survey to some of its lowest readings since the pandemic. As inflation has lately appeared in check, the freefall in sentiment may have hit bottom.
GameStop Reports As It Jumps into Bitcoin Market
GameStop’s (GME) earnings report comes as the video-game retailer dips its toe in the cryptocurrency pool. The company, which fired up the meme stock craze in 2021 with its meteoric rise, announced in late May that it bought $500 million in bitcoin. With its retail video game business in decline, GameStop looks to emulate the playbook of Michael Saylor’s Strategy (MSTR) and other companies centering their business models on buying bitcoin.