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$8B Saudi Losses, Bitcoin Price Surge & AI Overtakes iPhones in Foxconn’s Empire
Money Masters' Market Pulse Week 33
Dear Money Master,
It was a week where inflation fears roared back to life and sent ripples through every corner of the market. July’s U.S. wholesale prices surged 0.9%, the fastest pace since mid-2022, reigniting worries that the Federal Reserve could keep rates higher for longer. Yet, in contrast to the inflation shock, retail sales delivered a surprise comeback, climbing 1.5% from June as back-to-school spending and Prime Day deals fueled consumer activity.
In the commodities and digital assets space, Bitcoin surged above $124K before tumbling nearly 4%. Globally, the spotlight turned to Saudi Arabia’s $1 trillion Public Investment Fund, which disclosed an $8 billion write-down on its high-profile Neom megacity and other gigaprojects, underscoring the risks of ultra-ambitious investments.
On the technology front, OpenAI rolled out GPT-5 with its eyes firmly set on the enterprise market, winning early adoption from startups despite criticism and a temporary rollback for consumers. Meanwhile, Apple won a key legal battle to restore its blood oxygen feature on certain Apple Watch models.
Earnings season added more drama: Foxconn’s AI server business overtook iPhones for the first time, driving a 27% profit jump; Cisco and Klarna beat expectations with strong sales and user growth; but Deere cut its profit outlook, Tapestry warned of a $160M tariff hit, and Target faced fresh headwinds as it prepared to end its Ulta Beauty store partnership.🌍💼
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📰 Your Daily Financial Digest - August 15th, 2025
🌍 Economics:
Saudi PIF Marks $8B Gigaproject Write-Down 💸
The fund’s futuristic developments like Neom fell 12.4% in value in 2024, even as total assets jumped 19% to $913B, cementing its status among the world’s largest sovereign wealth funds. Read MoreU.S. Wholesale Prices Surge Most Since 2022 📈
July’s PPI rose 0.9% vs. 0.2% expected, with core PPI also up 0.9%, stoking fears the Fed may keep rates higher for longer. Read MoreRetail Sales Bounce Back Strongly in July 🛍️
Excluding autos and gas, sales climbed 1.5% from June, aided by back-to-school spending and extended Prime Day deals. Read MoreGen Z Revives Kodak’s Film Business 📷
Young photographers are embracing film for its “slower, more thoughtful” process, with Kodak emerging as the go-to brand. Read MoreTarget and Ulta to End Shop-in-Shop Partnership 🛒
Ulta Beauty sections in 600+ Target stores will disappear by August 2026, a fresh hurdle as Target battles stagnant sales and investor concerns. Read More
💻 Technology:
Bitcoin Hits $124K Before Inflation Pullback ₿
BTC notched a fresh record before sliding 3.7% on inflation data; ether followed suit, falling 4.1% after nearing its all-time high. Read MoreApple Restores Blood Oxygen Feature After Legal Win ⌚
A redesigned version now returns to certain Apple Watch models after a U.S. Customs ruling resolved its patent dispute with Masimo. Read MoreOpenAI Pushes GPT-5 for Enterprise Market 🧠
Despite criticism and a temporary GPT-4 comeback for consumers, GPT-5 is winning enterprise deals with faster setup, better complex-task handling, and lower costs. Read More
💹Earnings:
Foxconn Profit Surges 27% on AI Server Demand 🤖
AI server sales jumped to 41% of revenue, overtaking iPhones for the first time as Foxconn deepens ties with Nvidia. Read MoreCisco Beats Q4 Forecasts, Issues Solid Guidance 📡
Revenue rose 7.6% YoY to $14.67B, with upbeat projections for both the next quarter and fiscal 2026. Read MoreKlarna Revenue Jumps 20% Amid Customer Surge 💳
Active users hit 111M as quarterly revenue rose to $823M, though adjusted profits inched up just $1M YoY. Read MoreTapestry Warns Tariffs to Cost $160M 👜
The Coach and Kate Spade parent cut profit guidance as new U.S. trade rules end duty-free entry for goods under $800. Read MoreDeere Cuts Profit Outlook Despite Earnings Beat 🚜
Now expects FY2025 income between $4.75B–$5.25B as customers face economic headwinds. Read More
Big investors are buying this “unlisted” stock
When the founder who sold his last company to Zillow for $120M starts a new venture, people notice. That’s why the same VCs who backed Uber, Venmo, and eBay also invested in Pacaso.
Disrupting the real estate industry once again, Pacaso’s streamlined platform offers co-ownership of premier properties, revamping the $1.3T vacation home market.
And it works. By handing keys to 2,000+ happy homeowners, Pacaso has already made $110M+ in gross profits in their operating history.
Now, after 41% YoY gross profit growth last year alone, they recently reserved the Nasdaq ticker PCSO.
Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.
To your financial empowerment, The Money Masters Team
P.S. Stay connected! Don't forget to follow us on social media! 📱🌐
DISCLAIMER: This information is for educational purposes only and does not constitute financial advice. The publisher does not accept any responsibility for any losses incurred as a result of actions taken based on the information provided. Always conduct your own research or consult with a financial advisor before making any investment decisions.