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FirstFT: Apple beats expectations
Also in today’s newsletter, Apollo and Sony team up for Paramount bid and Turkey cuts trade ties with IsraelFinancial Times - World - Apple -
Norges Bank Holds Rates, Hints at Later Cut
Norway’s central bank held its key policy rate at 4.5% and reiterated that it was likely to stay at that level for some time, as high wage growth and a weak krone keep inflation elevated.The Wall Street Journal - World -
Eurozone Jobless Rate Still at Record Low
The eurozone’s unemployment held steady in March, a sign of the robustness of the bloc’s jobs market that might be of concern to the ECB as it focuses on the impact of sticky wage growth.The Wall Street Journal - World -
Jobs Report in Focus as Investors Seek Rate Clues
Stock futures ticked higher ahead of an employment report that is expected to show labor-market growth slowing in April.The Wall Street Journal - World -
Apple iPhone sales fall in nearly all countries
The tech giant says demand for its smartphones fell more than 10% in the first three months of the year.BBC News - Top stories - Apple -
Apple Buys Itself Some Time for an AI Boost
Raised share buybacks helped buttress weak iPhone sales, but Apple will need to make its own AI play clear soon.The Wall Street Journal - World - Apple -
The iPhone Is Losing Its Cutting-Edge Appeal in China
A fall in Apple’s sales in China shows that some consumers there no longer see Apple’s flagship product as the most advanced in technology.The Wall Street Journal - Tech - China -
USD/JPY Could Return to 160; BOJ Should Stop Balance-Sheet Expansion, BlueBay Says
USD/JPY could still rise back to 160, once Japanese intervention ends, should the U.S. economy remain upbeat, BlueBay said.The Wall Street Journal - World -
Could lower swing-state inflation rates help Biden and hurt Trump?
Inflation in several battleground states in the 2024 election is below the national average — in some cases by more than a full percentage point — as food prices retreat even while housing costs stay hot, according to an analysis of regional Labor ...The Hill - Politics - Joe Biden -
Knicks sink Sixers in Game 6 thriller as Jalen Brunson channels playoff MJ
Brunson's 41-point, 12-assist night — his third straight 40-point outburst — was badly needed to hold off Joel Embiid's huge effort in a Game 6 instant classic.Yahoo Sports - Sports -
Bruins-Leafs takeaways: Woll shines in net as Toronto forces Game 7
We will have another Game 7 between the Bruins and Leafs after Toronto's 2-1 win in Game 6. Check out our key takeaways from the matchup.Yahoo Sports - Sports