Trump’s China Deal, Inflation Surprise, and OpenAI’s $10B Milestone

Money Masters' Market Movers 24

June 11, 2025

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Dear Money Master,

Inflation rose in May but came in softer than feared, giving Wall Street a brief sigh of relief. Meanwhile, Trump struck a rare earths deal with China 🌏 that sent oil prices climbing and could reshape the global supply chain.

UniCredit is backing off its Commerzbank bid, calling the stock overvalued after a 76% YTD surge. At the same time, Bulgaria just got the eurozone greenlight, though more than half the country remains opposed to the move. On the corporate front, Warner Bros. Discovery plans a dramatic split, and Uber is going fully driverless in London by 2026. 🚗

In earnings, Chewy and GameStop missed expectations while OpenAI just crossed $10 billion in annual revenue, and it’s only getting started.

Read of the Day: Take a look at how Luckin Coffee is taking on the U.S. market ☕🇨🇳➡️🇺🇸

📰 Your Daily Financial Digest - June 11th, 2025

🌍 Economics & Finance:

  1. Inflation Rises in May, But Less Than Feared 📊
    CPI rose 0.1%, bringing annual inflation to 2.4%. Core inflation also came in cooler than expected at 2.8%, as vehicle and apparel prices dipped, despite Trump’s sweeping tariffs. Read More

  2. Trump Strikes Rare Earths Deal With China Amid Trade Talks 🌐
    President Trump announced that China will supply critical rare earths up front as part of a new trade agreement. In return, the U.S. will ease visa restrictions for Chinese students. Oil prices jumped on the news. Read More

  3. Bulgaria Gets Eurozone Greenlight 🇪🇺
    Bulgaria is set to join the euro area, but over 50% of its citizens remain opposed amid fears of price hikes and lost monetary control. The country already uses a fixed euro peg, softening immediate inflation concerns. Read More

  4. Crypto Exec Charged in $530M Russian Laundering Scheme 💸
    U.S. prosecutors allege Iurii Gugnin used his crypto firms to move money for sanctioned Russian banks via stablecoins like Tether. He's facing 22 criminal charges and was denied bail. Read More

  5. Warner Bros. Discovery to Split Into Two Public Companies 🎬
    The company will divide its streaming and cable businesses by mid-2026. CEO Zaslav will lead the studios segment, while the CFO takes charge of networks. Read More

  6. UniCredit Walks Back Commerzbank Takeover Talk 🏦
    CEO Andrea Orcel says Commerzbank’s 76% YTD rally has pushed shares far beyond fundamentals, making a bid unviable. UniCredit holds 28% via derivatives but faces resistance from Berlin and regulators. Read More

💻 Technology:

  1. Uber to Launch Fully Driverless Rides in U.K. 🚘
    Uber’s partnership with AI firm Wayve will enable Level 4 autonomous ride trials in London by 2026—no safety drivers required. The move marks a bold leap toward global robotaxi adoption. Read More

  2. Temu & Shein Face EU Heat as They Pivot to Europe 🌍
    After trade barriers hit U.S. sales, Chinese e-commerce players are now facing regulatory crackdowns in Europe—like the proposed €2 flat customs fee—threatening their low-price advantage. Read More

  3. IonQ Acquires Oxford Ionics in $1.1B Quantum Deal ⚛️
    The merger combines IonQ’s quantum hardware with Oxford Ionics’ chip tech, targeting enterprise breakthroughs. The firm aims for 10,000+ qubits by 2027 and two million by 2030. Read More

💹Earnings:

  1.  GameStop Revenue Sinks 17%, Stock Slides 🎮
    Revenue dropped to $732M despite a swing to profit. No new Bitcoin purchases were reported. Shares fell 5% in after-hours trading, continuing a rough year for the meme-stock icon. Read More

  2. Chewy Misses Profit Forecast Despite Sales Beat 🐶
    Q1 profit of $0.15 fell short of estimates, even as revenue grew 8.3% to $3.12B. Autoship orders made up 82% of sales. Shares dropped 7% on news of CFO David Reeder's upcoming departure. Read More

  3. OpenAI Crosses $10B in Annual Revenue Milestone 🚀
    Fueled by ChatGPT subscriptions and API sales, OpenAI doubled its ARR from last year. The firm now serves 3M businesses and 500M weekly users and targets $125B in revenue by 2029. Read More

🔍 Article of the Day: From Fraud to Foam: How China’s Luckin Coffee is Taking on the U.S. Market 🇨🇳➡️🇺🇸 

Coffee might not be the first thing that comes to mind when you think of China — but that’s changing fast. Chinese coffee chains like Luckin Coffee and Cotti Coffee have exploded in popularity at home and are now making a bold leap into the American market. From quirky flavors to ultra-low prices, these companies are shaking up the industry and challenging long-standing giants like Starbucks. So what happens when China’s most ambitious coffee brands set up shop in New York City? Let’s find out.

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