Episode
Apple Rides iPhone Strength to Record Quarter, Reddit Sales Surge 69%
- Podcast
- The Rundown
- Published
- May 1, 2026
- Duration seconds
- 624
- Processing state
processed
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Summary
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