Economic Calendar for the Week of April 20, 2025

Apr 21, 2025

Welcome to Cautious Optimism, a newsletter on tech, business, and power.

Last week in CO: Cracks in open source AI … Google, the Monopoly … OpenAI <> Windsurf … DEV Mode? … Can you secondary to top-decile DPI?

Weekend links: Figma AI app maker … medical breakthroughs … TAM: all the wages … The botnets are winning … Semiconductor exports …

Monday

Notable earnings: Tesla, Verizon, Lockheed Martin, GE Aerospace, Capital One
U.S. economic events: Fed (Jefferson, Kugler, Kashkari, and Harker) Speeches, Richmond Fed Manufacturing Index, Money Supply,
Global economic events: Inflation (Singapore), Consumer Confidence (South Korea, Argentina, Turkey, Euro Area), Economic Activity YoY (Argentina), Raw Materials Prices YoY & MoM (Canada), Government Budget and Debt to GDP (Euro Area)

Notable earnings: Boeing, AT&T, Discover, Alaska Air Group, IBM,
U.S. economic events: MBA Mortgage (Applications, Market Index, Purchase Index, 30-yr rate), Fed (Beth, Goolsbee, and Waller) Speeches, New Home Sales, Building Permits
Global economic events: GDP Growth (South Korea), Foreign Bond Investment (Japan), Corporate Profits (Russia), Business Confidence (South Korea), Inflation (South Africa), Balance of Trade (Euro Area), Construction Output (Euro Area)

Notable earnings: Alphabet (Google), Coursera, DOW, Southwest Airlines, Proctor and Gamble, NASDAQ, Comcast, Xcel Energy, Appfolio, T-Mobile,
U.S. economic events: Durable Goods Orders, Jobless Claims, Non-Defense Goods Orders, Kansas Fed Manufacturing Index
Global economic events: Balance of Trade (South Africa), Business Confidence (Turkey), Consumer Confidence (France)

Notable earnings: 🦗
U.S. economic events: Michigan Consumer Sentiment, 5-year Inflation expectation, Current Conditions, and Consumer Expectations (all final)
Global economic events: Retail Sales (United Kingdom), Business Confidence (France), Foreign Exchange Reserves (India), Economic Activity (Mexico), Budget Balance (Canada)