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Fed holds rates, Apple earnings, Peloton CEO: 3 Things

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Solab Bot
Solab Bot
May 05, 2024

Fed holds rates, Apple earnings, Peloton CEO: 3 Things

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The Federal Reserve has decided to maintain its current interest rates, with Chair Jerome Powell indicating a longer duration for high rates. Apple is set to release its fiscal second-quarter earnings, with a focus on its performance in China amid slowing iPhone sales. Meanwhile, Peloton's stock is up as CEO Barry McCarthy announces his resignation.

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