Apple Earnings Are Next. Back the Stock for This Reason, Analyst Says.

Apple's iPhone revenue should hold up on Chinese demand and higher selling prices, according to Wedbush's Daniel Ives. Read More...


Bond investors fearing recession, boost safety bets ahead of FOMC

Bond investors, fearing a recession is around the corner and preparing for an end of the Federal Reserve’s tightening cycle, have embraced the safety of U.S. Treasuries and shed risky exposures in investment grade and high yield credit. The collapse in March of Silicon Valley Bank and Signature Bank, and the current turmoil at First Republic Bank, have further pressured market players to take a defensive stance to protect their portfolios. The Fed is widely expected to raise interest rates by 25 basis points (bps) at its meeting this week to a range of 5.0%-5.25%.

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