Inflation Data, Apple WWDC, GameStop Earnings: Key Market Events

Published Date : 08/06/2025 

This week, investors will focus on May's inflation report, Apple's Worldwide Developers Conference, and GameStop's earnings call, among other significant market events. 

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 (WWDC) 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 recent economic policies are beginning to have an effect on the economy. The news follows a healthy jobs report from the previous 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.

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 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 and other companies centering their business models on buying bitcoin.

AI will be a key theme in other corporate earnings this week. Oracle’s report on Wednesday follows the January announcement that the database software firm would join ChatGPT maker OpenAI and SoftBank as part of a joint venture known as Stargate to build AI infrastructure. Adobe’s report on Thursday is also expected to focus on the company’s sales of AI-enhanced graphics software.

This Week’s Calendar

**Monday, June 9**

- Wholesale inventories (April)

- Apple’s WWDC conference begins with CEO Tim Cook's keynote address and special event

- Key Earnings: Casey’s General Stores (CASY)

**Tuesday, June 10**

- NFIB Small Business Optimism Index (May)

- Key Earnings: GameStop, J.M. Smucker (SJM), Core & Main (CNM), GitLab (GTLB), and Academy Sports & Outdoors (ASO)

**Wednesday, June 11**

- Consumer Price Index (May)

- Key Earnings: Oracle, Chewy (CHWY), SailPoint (SAIL), and Cognyte Software (CGNT)

- More Data to Watch: Monthly U.S. federal budget (May)

**Thursday, June 12**

- Initial jobless claims (Week ending June 7)

- Tesla robotaxi launch expected

- Key Earnings: Adobe

- More Data to Watch: Producer Price Index (May) 

Frequently Asked Questions (FAQS): 

Q: What is the main focus of Apple's Worldwide Developers Conference this year?

A: Apple's Worldwide Developers Conference (WWDC) this year will likely focus on new products, services, and partnerships. CEO Tim Cook is expected to deliver a keynote address highlighting these updates.

Q: Why is the May Consumer Price Index (CPI) report important?

A: The May Consumer Price Index (CPI) report is important because it provides the first look at inflation data for May. This report can influence the Federal Reserve's decisions on interest rates and overall monetary policy.

Q: What is GameStop's strategy with its recent $500 million bitcoin purchase?

A: GameStop's strategy with its $500 million bitcoin purchase is to diversify its investment portfolio and potentially emulate the success of other companies that have centered their business models on buying bitcoin.

Q: Which companies are expected to report on AI-related updates this week?

A: Oracle and Adobe are expected to report on AI-related updates this week. Oracle is part of a joint venture with OpenAI and SoftBank to build AI infrastructure, while Adobe will focus on sales of AI-enhanced graphics software.

Q: What is the significance of the Tesla robotaxi launch?

A: The Tesla robotaxi launch is significant as it represents a major step forward in the development of autonomous driving technology and could potentially revolutionize the transportation industry. 

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