Apple said it would spend an additional $100 billion on stock buybacks, ramping up its payout to shareholders as its core iPhone business continued to generate healthy growth in the latest quarter despite analysts’ concerns about sputtering demand.
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Tuesday, May 1, 2018
Snap's Results Fall Short of Expectations
Shares drop as revenue disappoints, and Snapchat redesign seems to have little effect on user growth.
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U.S. Factory-Sector Activity Slowed in April
A closely watched gauge of U.S. manufacturing activity signaled somewhat slower growth in April.
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Canadian Economy Grew 0.4% in February, Beating Expectations
The Canadian economy expanded at a faster pace than expected in February, led by a strong rebound in oil and gas extraction.
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Pfizer Revenue Growth Stalls
Pfizer’s revenue was little changed in its latest quarter as the pharmaceutical company examines the future of its consumer-health business.
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U.S. Allies Relieved by Tariff Delay but Concerns Linger Over Trump's Next Move
U.S. allies breathed a sigh of relief after President Donald Trump’s last-minute decision to postpone tariffs on imports of steel and aluminum from some of Washington’s closest partners helped avoid a trade war, but left many questions about what comes next.
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Apple Earnings: What to Watch
Investors will be looking for Apple’s outlook on the iPhone and how much overseas cash will be coming their way when the company reports second-quarter earnings after the market closes on Tuesday.
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