Apple Issues Stark Warning to the Economy

Eurodollar University

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 Analysis

Apple Second Quarter Earnings
https://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.htm

CNBC Red Lobster files for Chapter 11 bankruptcy protection
https://www.cnbc.com/2024/05/20/red-lobster-bankruptcy.html

CNBC Home Depot misses on revenue, as high interest rates hurt sales
https://www.cnbc.com/2024/05/14/home-depot-hd-q1-2024-earnings-.html

CNBC Are consumers pulling back on spending? It depends on which CEO you ask
https://www.cnbc.com/2024/05/20/consumer-pullback-ceos.html

Bloomberg What Is Buy Now, Pay Later? How It Works and the Hidden Risks You Should Know
https://www.bloomberg.com/news/articles/2024-05-09/what-is-buy-now-pay-later-how-bnpl-plans-work

Bloomberg Treat Buy Now, Pay Later Loans Like Real Debt
https://www.bloomberg.com/opinion/articles/2024-05-14/treat-klarna-affirm-buy-now-pay-later-loans-like-real-debt

Bloomberg Americans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t Track
https://www.bloomberg.com/news/articles/2024-05-07/-buy-now-pay-later-has-americans-racking-up-phantom-debt

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