Next Week on the Street: Earnings, CPI, Lasso's Back & March Madness
Get ready for a big earnings week. Lennar, Adobe, FedEx, and Dollar General are all expected to report. Of the economic reports coming out, Tuesday's CPI drop will have investors watching to see where we stand with inflation because that will help inform the Federal Reserve's plan to adjust interest rates.
Looking for something more fun? The news season of Ted Lasso drops and March Madness gets underway.
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
Visa is hoping to hand your credit card to an artificial intelligence “agent” that can find and buy clothes, groceries, airplane tickets and other items on your behalf.
Skift Editor-In-Chief Sarah Kopit discusses how summer travel plans remain uncertain for most as many international travelers are leery to travel abroad. Watch!
