Apple Plans Largest Buyback Ever

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BUSINESS & ECONOMY

🍎 Apple Plans Largest Stock Buyback in US History $110 Billion

Apple Inc. unveils a $110 billion buyback, surpassing its 2018 record. Despite reporting a 10% drop in iPhone sales for the second fiscal quarter, with China experiencing an 8% decline, the tech giant exceeded market expectations. Bolstered by a 14% surge in services revenue, subscription services compensated for anticipated hardware sales deceleration. 

📉 Expectations for April Jobs Report Cooling Labor Market Anticipated 

The April jobs may reveal a cooling U.S. labor market while maintaining robust hiring despite high-interest rates and persistent inflation. Expected figures include a 243,000 increase in hiring with an unchanged unemployment rate of 3.9%. Federal Reserve scrutiny persists regarding signs of market softening and its implications for interest rate adjustments. Lydia Boussour, EY senior economist, predicts, "job creation should remain vigorous." 

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WORLD

🛑 Turkey halts trade with Israel amidst the Gaza humanitarian crisis.

Turkey suspends trade with Israel due to Gaza's deepening humanitarian crisis, insisting on continuous aid flow. Israel's foreign minister lambasts Erdogan's actions, denouncing them as dictatorial. "Turkey will strictly enforce these measures," affirmed the Turkish trade ministry. "Our priority is the well-being of the people in Gaza." 

🕊️ Hamas Delegation Heads to Egypt for Cease-fire Talks

Hamas sends a delegation to Egypt for cease-fire talks indicating progress in ending the Israel-Gaza conflict. The proposal suggests a phased approach, but uncertainties persist over Israeli acceptance and Rafah's fate. Amidst skepticism, U.S. Secretary of State Blinken Antony Blinken urges Hamas to accept the deal promptly: "There’s no time for further haggling. The deal is there." 

📊 Growing Number of Americans View China as U.S. Enemy  

The Pew Research Center's latest survey shows a significant rise in Americans viewing China as a U.S. enemy, with 42% holding this view, up from a quarter two years ago. About four in five Americans see China unfavorably, with 43% viewing it very unfavorably. with Republicans and older individuals tending to hold more hawkish views.

SCIENCE & TECH

🔍 Google paid Apple $20B in 2022 for default search status

In 2022 alone, Google paid Apple a staggering $20 billion for default search engine status on Safari, revealed in unsealed documents amid a landmark antitrust trial. DOJ contends such deals sustain Google's monopoly, with the trial's outcome expected to shape the tech landscape.  Google CEO Sundar Pichai acknowledged the value of default search deals. 

🚀 China Plans Moon Mission Amid NASA Competition

China is set to launch the Chang’e-6 mission to the far side of the moon, the first of three planned missions aiming to land humans on the lunar surface by 2030. While bolstering China’s space ambitions, the mission raises concerns from the US, with NASA fearing geopolitical implications amid what’s termed a new "space race."  

🤖 Ukraine Introduces AI-Powered Foreign Ministry Spokesperson

Ukraine introduces Victoria Shi, an AI-generated spokesperson for its foreign ministry.  With her strikingly human appearance and voice, Victoria will communicate official statements, crafted by human hands, heralding a new era of efficiency in diplomatic communication as real individuals verify the content.

SPORTS & ENTERTAINMENT

🏀 Knicks defeat Sixers, Jalen Brunson echoes Michael Jordan

The New York Knicks defeated the Philadelphia 76ers led by Jalen Brunson's career-high 50-point masterpiece. Brunson's display, evoking Jordan's scoring prowess, featured clutch shots and commanding court presence, earning comparisons to the basketball legend. Tom Thibodeau Knicks coach exclaimed, "Brunson's brilliance tonight will be talked about for years to come."

OTHER NEWS

🐵 Orangutan Uses Medicinal Herb to Treat Wound in Groundbreaking Wildlife Observation

Researchers have witnessed a male Sumatran orangutan employing a novel method to treat a facial wound using sap and leaves from a medicinal plant marking a unique behaviour in wild animals. Dr. Caroline Schuppli highlights, "It definitely shows that these basic cognitive capacities were present at the time of our last common ancestor most likely." 

🌊 Houston area under 'life-threatening' floods amid severe Texas weather

Severe weather in Texas has unleashed "life-threatening" flood conditions in the Houston area. Governor Abbott swiftly declared a disaster and extended assistance to 59 counties. Mandatory evacuations are underway for residents near the East Fork of the San Jacinto River while officials caution about historic flooding, urging vigilance and adherence to advisories. 

🚨 Boeing whistleblower dies from brief illness weeks after another's suicide

Joshua Dean, an boeing whistleblower, aged 45, passes away from a brief illness, following the recent suicide of another Boeing whistleblower, John Barnett. Dean, who raised safety concerns at his employer, died after being diagnosed with flu, pneumonia, and MRSA. Both cases are represented by attorneys who highlighted Dean's courage and the stress he faced for speaking out against safety issues. 

THIS DAY THAT YEAR

On May 3rd, 1979, Margaret Thatcher made history by becoming the first woman Prime Minister of Britain. A stalwart of the Conservative Party, her leadership defined an era, making her the longest-serving premier since 1827.

BRAIN TEASER

I drink red juice, go drunk, gain weight, fly to the sky then die. Who am I?

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Here’s what yesterday’s teaser was:

Take off my skin and I won’t cry, but you will! What am I?

The answer is: An Onion

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