General News

Investing.com -- The U.S. economy added fewer jobs than anticipated in April, but the overall employment picture remained relatively solid, potentially impacting when markets expect the Federal Reserve to roll out possible interest rate reductions this year.

The Labor Department's closely-monitored labor market report showed that nonfarm payrolls came in at 175,000 last month, down from an upwardly revised total of 315,000 in March. Economists had predicted a reading of... (continue reading...)

Investing.com -- U.S. stock futures rose Friday, as generally positive earnings helped boost overall sentiment ahead of the release of the widely-watched monthly jobs report.

Here are some of the biggest premarket U.S. stock movers today:

• Apple (NASDAQ: AAPL) stock rose 6% after the iPhone maker reported a drop in revenue in the opening three months of the year, but still topped analysts' downbeat projections, while the tech giant also announced a $110B stock buyback... (continue reading...)

(Reuters) - Real estate services provider CBRE Group's first-quarter profit beat analysts' estimates on Friday, helped by higher leasing demand at a time when commercial property sales remain under pressure from elevated interest rates.

"Leasing outperformed expectations, driven by office leasing growth globally," CBRE CEO Bob Sulentic said.

The company's global leasing revenue rose 4%, led by a 9% growth in Asia-Pacific.

(Reuters) - Expedia shares sank about 9% in premarket trading on Friday, after the online booking firm cut its annual forecast for revenue growth due to weakness at its vacation rentals brand Vrbo.

The company, which is known for its three brands Expedia, Hotels.com and Vrbo, projected full-year revenue growth in the mid-to-high-single digit percentage range late on Thursday, down from a prior forecast of double-digit growth.

The... (continue reading...)

By Aditya Soni

(Reuters) - Apple shares jumped nearly 6% before the bell on Friday as the iPhone maker's record stock buyback plan and promise of sales growth drew back investors who have shunned the stock on concerns over weak demand and increased competition in China.

The company late on Thursday approved an additional $110 billion in share repurchases, its largest ever, and forecast third-quarter sales that exceeded the modest market... (continue reading...)