Apple Rides iPhone Strength to Record Quarter, Reddit Sales Surge 69%

About this episode

The episode discusses the latest market updates, including Apple's record quarter and Reddit's significant revenue growth.

Market update for Friday May 1, 2026 Check out the Public app for incredible investing tools and to support the show ( LINK ) Follow us on Instagram ( @TheRundownDaily ) for bonus content and instant reactions. In today’s episode: Stocks wrapped up their best month since 2020 (S&P 500 up 10%, Nasdaq up 15% in April) PCE inflation hits 3.5%, the highest since 2023, driven by rising oil prices from the Iran war Apple reports a monster quarter thanks to iPhone 17 lineup Anthropic in talks to raise money at a $900 billion valuation Reddit stock pops after revenue jumps 69% and profits soar nearly 8x Roblox gets crushed after child safety measures slow user growth Saudi Arabia pulls funding from LIV Golf

Topics covered

• market update
• Apple earnings
• Reddit revenue
• inflation
• stock market performance
• investing news

Keywords

• Apple
• iPhone 17
• Reddit
• inflation
• stock market
• investing
• PCE inflation
• Roblox
• Saudi Arabia

Mentioned in this episode

Organizations: Apple, Anthropic, Reddit, Roblox, Saudi Arabia

Products: iPhone 17

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