Another jam-packed week awaits investors as May gets underway with key announcements from the Federal Reserve, Apple (AAPL), and the April jobs report all on the docket.
Before the opening bell on Monday morning, however, investors are expected to have resolution on the US government’s efforts to rescue troubled bank First Republic (FRC), with Yahoo Finance’s David Hollerith reporting Saturday that a deadline of 12:00 p.m. ET Sunday had been set for offers to buy the bank.
Yahoo Finance learned JPMorgan Chase (JPM) and Bank of America (BAC), the nation’s two largest banks, are among those weighing bids following a government takeover of First Republic.
On Wednesday afternoon, the Fed is set to announce its latest policy decision, which investors expect will see the central bank raise interest rates by another 0.25%, as it continues to fight stubborn inflation well above its 2% goal. On Thursday after the closing bell, Apple will release its latest quarterly earnings. And before the market open on Friday, the US government will release the April jobs report.
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