GameStop earnings, US-China talks, May CPI: What to Watch
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Market Domination Overtime hosts Julie Hyman and Josh Lipton preview the top market stories and headlines Wall Street will be paying attention to next week, including corporate earnings from companies like GameStop (GME), Oracle (ORCL), Adobe (ADBE), and the J.M. Smucker Company (SJM); Apple's (AAPL) 2025 Worldwide Developers Conference (WWDC) kicking off; May's inflation data; and the launch of Tesla's (TSLA) robotaxi beta in Austin, Texas, starting on June 12.
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Time now for to watch next week. We're to start off on the earnings front, more reports coming in next week from GameStop on Tuesday, Oracle on Wednesday, and Adobe on Thursday. Oracle now it's results for the fourth quarter after the markets closed, and expected Oracle's cloud unit to grow faster and expected, possibly more than 54% this quarter.
Moving over to China, President Trump announcing that US representatives, including Treasury Secretary Scott Beeson, will meet their Chinese counterparts in London on Monday to continue trade talks.
And shifting gears to Tesla. Tesla plans to launch its robo taxi service in Austin next week. It would be a milestone in CEO Elon Musk's plan in reshaping the company around driverless vehicles and artificial intelligence.
Taking a look at the economy. Fresh inflation data coming in starting on Wednesday with the consumer price index, that CPI. Economists forecast total CPI will hold steady at 0.2%, while core CPI ticks up to 0.3% on a month over month basis.
And finally, Apple's worldwide developers conference, that kicks off on Monday in California. It's a critical moment for Apple as the company struggles to keep pace in the AI race. Investors will be listening closely for updates on iOS and Siri. Yahoo Finance will be on the ground in California next week, reporting from that conference.