Edition 356: 3 things investors need to know from last week!
This week’s headlines highlight a resilient U.S. labor market, SpaceX’s bid for the largest IPO in history, and a new wave of proposed tariffs that could reshape global trade and supply chains.
Disclaimer: Plootus (an SEC-registered investment advisor) may receive compensation for referrals to third-party products and services, listed on our Partners page. These referrals are for informational purposes only and do not constitute an endorsement or recommendation. Plootus has not conducted due diligence on, nor assumes responsibility for, any third-party offerings. Users are encouraged to evaluate these options independently before making any decisions.
Job Market Holds Steady: Private employers added 122,000 jobs in May, slightly exceeding expectations and signaling continued labor market stability. Hiring gains were broad-based, led by education and health services, while economists noted that both employers and workers appear cautious but confident heading into the summer hiring season. Despite stronger job openings, hiring activity and worker turnover remain relatively subdued.
Source: Yahoo Finance
SpaceX Targets Historic IPO: SpaceX is reportedly seeking $135 per share in an IPO that could raise $75 billion and value the company at approximately $1.75–$1.8 trillion. If successful, it would become the largest IPO in history, surpassing Saudi Aramco's record. Investors are betting on SpaceX's future growth potential despite the company not yet being profitable.
Source: Bloomberg
New Tariff Push Targets Forced Labor: The Trump administration has proposed new tariffs of up to 12.5% on imports from nearly 60 trading partners, citing concerns that they have not done enough to prevent goods made with forced labor from entering supply chains. The proposal would affect major economies including China, India, Japan, South Korea, and the European Union, though several countries have challenged the rationale and defended their existing labor protections. Public comments will be accepted through early July before any final decision is made.
Source: NBC News
Our vision is to democratize retirement planning and make it available to everyone
Feel free to reach out to us if you have any questions here
Disclaimer: Plootus (an SEC-registered investment advisor) may be compensated for third-party referrals, which are for informational purposes only and not endorsements.
