Who needs Fed rate cuts? Stocks can rally without them, Wall Street bulls say
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Apple, Inc. posted a year-over-year decline in revenue in its fiscal second-quarter earnings report after the bell on Thursday but still beat Wall Street's expectations. The tech giant's sales fell 4.3% from the prior year, coming in at $90.75 billion. Analysts anticipated $90.01 billion. IPhone sales fell 10.5% to $45.96 billion, in line with expectations. Apple executives said in February the previous year's fiscal second quarter had benefited from a $5 billion surge in iPhone sales as the...