From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.

  • JOBS, JOBS, JOBS: The U.S. economy had another strong employment showing, with April jobs numbers coming in way ahead of estimates. About 263,000 new jobs were added for the month, far exceeding estimates of 190,000. The unemployment rate dipped to 3.6 percent ー the lowest it's been in 50 years. A healthy job market means more workers can demand better wages and benefits, thus further boosting the economy. And with inflation stable, according to the Fed's latest readings, and the central bank indicating it didn't plan to raise rates for the remainder of 2019, Friday's data helps ease jitters from last year that the U.S. may be heading toward a recession. One dark spot in the April numbers: the retail sector continues to shed jobs, losing another 12,000 for the month. But the loss has more to do with continued pressure from automation and e-commerce, rather than widespread economic fundamentals. More

  • JUICY IPO Beyond Meat ($BYND), the plant-based meat alternative company, went public and had the best debut of a major U.S. company since 2000. Shares popped 163 percent over the course of the IPO day ー opening on the NASDAQ at $46 and closing at $65.75. Beyond Meat's market cap went from $1.5 billion to $3.8 billion in a day. It was the biggest debut since Palm went public in March 2000 ー at the absolute height of the dot-com bubble. Beyond Meat generated about $88 million in revenues last year. That's double the previous year but it's still a long way from profitability. The IPO success suggests investors believe the company's goal of taking substantial share from the trillion dollar global meat market is a real possibility. More

  • FACEBOOK'S OVERHAUL F8 was supposed to be Facebook's ($FB) annual developer-focused conference, but in practice it acted as more of a forum for Mark Zuckerberg to give details on the social giant's so-called "pivot to privacy." Among the announcements, Facebook unveiled a major overhaul of its core service that includes a more sparse, all-white design and a focus on one-to-one and group messaging over the News Feed ー the product that allowed the company to grow into the behemoth it is today. Facebook is also giving Instagram a sprucing up, with a plan to make the experience "less pressurized" by hiding 'likes' and de-emphasizing follower count. More

  • APPLE'S "GOOD ENOUGH" QUARTER Apple ($AAPL) continued its recent strategy of under-promising and over-delivering to investors in its latest earnings release. The company said iPhone sales dropped 17 percent for the quarter, but a large stock buyback and positive comments from CEO Tim Cook about business in China helped push the stock higher. Apple also posted its best quarter yet for its services business, which was up 16 percent to $11.5 billion. But the company's existential problem remains: the replacement life cycle for its hardware is getting longer. Simply put, consumers are buying iPhones and holding onto them. Even price cuts, like the ones Apple instituted in China, aren't stopping that fact. More

  • RARE MISS FOR GOOGLE Google's parent company, Alphabet ($GOOGL), logged its worst single day in years after a huge earnings miss. Google blamed decelerating advertising revenues ー 15 percent growth compared to 24 percent a year earlier. Analysts blamed that partially on YouTube, though Alphabet doesn't break out details for its various businesses leaving investors to guess what's behind the top and bottom line numbers. The company acknowledged YouTube "click growth" decelerated in the quarter but said it was due to changes made to the YouTube algorithm to help suppress hate speech and offensive content. Shares dropped 8 percent after the report, shaving $67 billion off Alphabet's market cap. More

ーby Carlo Versano