Apple Issues Stark Warning to the Economy

Apple becomes just latest corporation to report results in line with recent macro statistics. That list now includes Home Depot and even today's Red Lobster bankruptcy. People are struggling and businesses are noticing and feeling the impact. But how far has it gone? Some other metrics are not encouraging. Eurodollar University's Money & Macro AnalysisApple Second Quarter Earningshttps://www.apple.com/newsroom/2024/05/apple-reports-second-quarter-results/CNBC Apple announces largest-ever $110 billion share buyback as iPhone sales drop 10%https://www.cnbc.com/2024/05/02/apple-aapl-earnings-report-q2-2024.htmCNBC Red Lobster files for Chapter 11 bankruptcy protectionhttps://www.cnbc.com/2024/05/20/red-lobster-bankruptcy.htmlCNBC Home Depot misses on revenue, as high interest rates hurt saleshttps://www.cnbc.com/2024/05/14/home-depot-hd-q1-2024-earnings-.htmlCNBC Are consumers pulling back on spending? It depends on which CEO you askhttps://www.cnbc.com/2024/05/20/consumer-pullback-ceos.htmlBloomberg What Is Buy Now, Pay Later? How It Works and the Hidden Risks You Should Knowhttps://www.bloomberg.com/news/articles/2024-05-09/what-is-buy-now-pay-later-how-bnpl-plans-workBloomberg Treat Buy Now, Pay Later Loans Like Real Debthttps://www.bloomberg.com/opinion/articles/2024-05-14/treat-klarna-affirm-buy-now-pay-later-loans-like-real-debtBloomberg Americans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t Trackhttps://www.bloomberg.com/news/articles/2024-05-07/-buy-now-pay-later-has-americans-racking-up-phantom-debtFlexhttps://help.getflex.com/hc/en-us/sections/360004885954-Get-Startedhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU