Futures edge higher on rate-cut bets [Yahoo! Finance Canada]
Apple Inc. (AAPL)
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Source: Yahoo! Finance Canada
The benchmark S&P 500 and the blue-chip Dow closed at three-week highs on Friday after data showed U.S. job growth slowed more than expected in April, taking pressure off the U.S. central bank to keep rates higher for longer. Traders are currently pricing in rate cuts worth 48 basis points from the Fed by the end of 2024, with the first cut seen either in September or November, according to LSEG's rate probability app. In recent weeks, traders had priced in just one cut due to signs of sticky inflation. U.S. stock indexes appear to have stabilized after a rocky April, as a much better-than-expected first-quarter earnings season and hopes of U.S. monetary policy easing drew buyers back into the market. ADVERTISEMENT The Fed last week left interest rates unchanged and signaled it was leaning toward eventual reductions in borrowing costs, but repeated that it wants to gain "greater confidence" that inflation will continue to fall before cutting rates. Richmond Fed President Th
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- Apple's 27% App Store Fee Plan Gets Skeptical Reception by Judge [BNN Bloomberg (Canada)]BNN Bloomberg
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- Apple Loop: iPhone 16 Pro Details, iPadOS Problems, iPad Pro Review [Forbes]Forbes
AAPL
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- 5/2/24 - Beat
AAPL
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- 5/17/24 - Form 4
- 5/14/24 - Form 4
- 5/3/24 - Form 8-K
- AAPL's page on the SEC website