Apple's Huge Share Buyback And Falling Sales 📱CVNA PARA 📈 APPN FRSH 📉

FlowBank's hand-curated fresh financial news [header_noDither] Apple iPhone Sales Drop 10%, Announces Record Buyback Apple's fiscal second-quarter earnings were slightly higher than Wall Street expectations, but overall revenue fell 4% and iPhone sales dropped 10%. However, the company announced a record $110 billion stock buyback program and said it expects sales to grow in the current quarter. Apple's Services business was a bright spot, with sales rising 14.2% to $23.9 billion. WHAT'S MOVING [Group 1742 (84)] [Start Trading](113/cXx8Z04/VVYcBq1sg26jW6xHxJ92LVzgwW2QY3Nh5dDBdXM_h9pn2-ZVTW6N1vHY6lZ3nKN989MF6Wn9dWMTLnKKhjjJ9W9kKjyC8-fK3YW96NjK74k_nNSW5B18GP2h9Q2pW47jGSX643p3DW2sT-Tp5FN4btW2qL1zP6llGP4N77dGM-m8yF3W71rvfm2nYQZKW6V86ZG6ZcLH2W1kz41b6mvfl0VtH5Pd4gdJ3xVypSz21Nd8HtW99STk05D8hdxW4YWbN01pmgYrW1rjxtV3dHFW2W4rGSj58q0QWyW8fyN-S6rj3LqW2Zw_hd4VsFjQW7Wnm134j0NK_VcRY5K48K-L9f7KCgz-04) [Group 3 (78)-1] Block Block beat revenue estimates ($5.96 billion vs $5.82 billion expected) and Cash App gross profit rose 25% year-over-year. Block shares jumped 7% in extended trading. [Group 1754 (28)] Coinbase Coinbase reported better-than-expected revenue ($1.64 billion vs $1.34 billion expected). Net income was $1.18 billion, or $4.40 per share. However, the stock price was trading about 2% lower in extended trading. [Group 1753 (29)] NIO Nio's vehicle deliveries more than doubled in April (15,620 vehicles delivered, up 134.6% year-over-year). The company's stock price jumped 20%. WHAT'S COMING UP? USD: Average Hourly Earnings (MoM) (Apr): Exp. 0.3% v Prev. 0.3% USD: Nonfarm Payrolls (Apr): Exp. 238K v Prev. 303K USD: Unemployment Rate (Apr): Exp. 3.8% v Prev. 3.8% USD: S&P Global Services PMI (Apr): Exp. 50.9 v Prev. 51.7 USD: ISM Non-Manufacturing PMI (Apr): Exp. 52.0 v Prev. 51.4 USD: ISM Non-Manufacturing Prices (Apr): Prev. 53.4 IN OTHER NEWS Wall Street The US stock market rose on Thursday, but is still on track for a slightly down week. The S&P 500 gained nearly 1%, while the Nasdaq and Dow also rose. Despite the gains, all three indexes are expected to close the week slightly lower. [Group 1769] Europe European stocks ended Thursday with a small decline, weighed down by mixed corporate earnings reports and the Federal Reserve's recent policy decision. The pan-European Stoxx 600 index closed 0.2% lower, reflecting a lack of clear direction across different industries MARKET INSIGHTS Fed Meeting Looms, BoJ Intervenes To Rescue Yen Currency markets ignited a week brimming with pivotal economic events with fireworks. [Read more](113/cXx8Z04/VVYcBq1sg26jW6xHxJ92LVzgwW2QY3Nh5dDBdXM_h9nP2-ZVTW5BW0B06lZ3mJVWv1zK41SMNJW3F66qN4wlF52W49dBt14rXztBW94mz629jKb1xW7Dr_4k7dgkfqW88RqSj1sX6W0W6Rqtw519jys0W2xS4qm4FLL94VNmTgc7fc5ZGW7cWJsy2sZFNfVSQp577c2v1bVv6n1p6Y0sm0W5hytcY7sntYhW5lFC7R1WNTgQW6n9ShV77s-HvN7c39WKf_QPbW5tQ62Z2mtZcSW4rqDGF8vRj9wf6KZ9xR04) Please note that due to market volatility, some of the prices may have already been reached and scenarios played out. The information above is not investment advice. 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