⁠App Economy Insights
RT @EconomyApp: $AAPL Apple Q2 FY25 (March quarter):

💳 Services +12% Y/Y to $26.6B.
📱 Products +3% Y/Y to $68.7B.

• Revenue +5% Y/Y to $95.4B ($0.8B beat).
• Operating margin 31% (+0pp Y/Y).
• EPS $1.65 ($0.03 beat). https://t.co/NMtt0y8e3C
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⁠Wall St Engine
Senior OMB officials say the White House is proposing a $1.7T FY2026 budget, down 7.6% from last year—the lowest non-defense spend since 2000.

The request includes $557.4B for non-defense (down 23%) and ~$1T for defense (up 13%). Tax proposals will come later this year.
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⁠Wall St Engine
🇨🇦 CARNEY SAYS HE EXPECTS DIFFICULT BUT CONSTRUCTIVE TALKS WITH TRUMP
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⁠Quiver Quantitative
JUST IN: Brown University has opened a new ~$5M position in Bitcoin, $IBIT.

From Quiver portfolio tracking: https://t.co/Yfl0snfRNb
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⁠Quiver Quantitative
Nancy Pelosi made $2M in the stock market today, per our estimates.

We estimate that she is now worth $256M. https://t.co/8vRrp7ggQd
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⁠Wall St Engine
Goldman Sachs now expects the first Fed rate cut in July, not June, after stronger April payrolls & ISM data better than feared. Since there's no jobs data before the June meeting, a cut then would be hard to justify—even if June's report is soft, it's just one data point.
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⁠Wall St Engine
Jeff Bezos has filed to sell up to 25 million Amazon $AMZN shares, worth about $5B, under a 10b5-1 trading plan. https://t.co/DpxSt8X8Gn
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⁠Wall St Engine
BEIJING WEIGHS FENTANYL CONCESSION TO OPEN TRADE TALKS - WSJ

China is weighing steps to curb fentanyl chemical exports as a possible opening move to ease tensions with the U.S. and restart stalled trade negotiations, per WSJ https://t.co/DMzEsyqL8A
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⁠Quiver Quantitative
JUST IN: Senator Cynthia Lummis says that President Trump supports her bill to purchase 1,000,000 Bitcoin for a strategic reserve.

Lummis bought $100K of Bitcoin in 2021, but put it into a blind trust. https://t.co/Pf3IXwJupq
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⁠App Economy Insights
RT @EconomyApp: Choose your fighter
$MSFT $AAPL $AMZN $GOOG https://t.co/IIOQi5FVK0
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