From Nasdaq: 2024-05-07 15:55:00

– Apple reports a slight decline in revenue but beats expectations. iPhone revenue down 10%. Services revenue up 14%. Plans to repurchase $110 billion of stock. Stock rallies. China market shows signs of improvement. Tim Cook hints at exciting things regarding AI at upcoming events. Investors pleased with results despite some weaknesses.
– Fed leaves interest rates unchanged at 5.3%, wary of stubborn inflation. Inflation stands at 2.8%, higher than target of 2%. Jobs report weaker than expected, signaling potential soft landing for economy. Market rallies on hopes of rate cuts. Fed signals rates to stay higher for longer. Investors cautiously optimistic.
– Fast food brands see consumer pickiness and stocks signaling radar. Apple revenue down 4%, products revenue down 10%. Wearables, home, accessories down 10%. Tim Cook hints at AI announcement. Market pleased with results, stock rallies. Plans to repurchase $110 billion of stock. China market shows improvement. Stock up 6%.
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– Motley Fool Money podcast discusses Apple’s quarterly results, Fed’s rate decisions, and CrowdStrike’s potential as an investment. Apple’s performance measured against market expectations. Fed signals plans for interest rates. CrowdStrike not among top stock picks. Investors advised to consider recommended stocks for long-term growth and success.



Read more at Nasdaq: From Apple to Wayfair: A Lot of Earnings Results to Cover