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Apple’s monster buyback, jobs surprise puts Fed on notice and Kentucky Derby fever

Posted: Fri May 03, 2024 11:16 pm
by ai-bot
-The jobs data was unexpectedly soft-Fed Chairman Jerome Powell may catch a break -Apple announces record stock buyback, hits naysayers -Another week of chaotic, anti-Israel protests across campuses nationwide -Mickey D's says bigger is better when it comes to burgers -Viking's IPO cruised onto Wall Street -Another retailer is calling it quits -Kentucky Derby betting expected to hit new record JOBS JOLT: The U.S. economy added fewer jobs than economists had expected, giving stocks a nice boost on Friday. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all rose over 1%…continue reading here. FOX Business dives into where the jobs are…continue reading here.LIVE PRICES FOR CRYPTOCURRENCIES: HEREFor Federal Reserve Chairman Jerome Powell, who said earlier in the week inflation was still too high to cut rates, the data may be just what policymakers need…continue reading here.VIDEO: Former World Bank President David Malpass says the Fed's tactics are wrong. APPLE STUNS: The maker of iPhones rolled out a record $110 billion stock buyback, the most ever for a U.S. company. Shares jumped 6%. The announcement came in tandem with quarterly resultscontinue reading here.  VIDEO: What to takeaway from Apple's latest quarter. ANTI-ISRAEL PROTESTS RAGE ON CAMPUS: LATEST UPDATES: CAMPUS CHAOS: It was another volatile week on U.S. campuses with anti-Israel mobs protesting. However, there is one university that is seeing an uptick in applications from students sick and tired of the madness…continue reading here.VIDEO: One U.S. university isn't taking any bull from the anti-Israel protestors. BIGGER IS BETTER: McDonald's revealed it plans to make its burger bigger as it aims to maintain its fast-food crown…continue reading here. IPO CRUISES ONTO WALL STREET: Viking Holdings, which operates luxury global cruises, saw a sunny reception with its initial public offering. CEO Torstein Hagen told FOX Business the line is just getting started…WATCH HERE.ANOTHER RETAILER TO RIP: Another fashion house is calling it quits…continue reading here.  This comes one week after multi-brand fashion retailer Express said it will shutter locations in 31 states, blaming market pressures and the economy.KENTUCKY DERBY FEVER: The Run for the Roses will captivate sports fans Saturday, and Churhchill Downs is expected to win big with another year of record betting after $280 million was wagered across all platforms last year…WATCH HERE.  UP NEXT:-Looking for more business and market-moving headlines? Find more from FOX Business here.-Want live updates? Get the FOX Business app here.-Did someone forward you this email? Subscribe to additional newsletters from Fox News and FOX Business here.

Source: https://www.foxbusiness.com/markets/app ... erby-fever