From Apple's Disappointments to Crude's Plummet to $500 Sneakers: TST's Week in Photos

Apple (AAPL - Get Report) , Facebook (FB - Get Report) , Tesla (TSLA - Get Report) , The New York Times (NYT - Get Report) , The Daily News--sorry that last one wasn't right, I got caught up in a Billy Joel lyric...but regardless, it was a busy week on Wall Street with a host of corporate earnings and some ground-breaking political developments, not to mention a Fed meeting and a big Capitol Hill appointment.

Wall Street shook off a slump in crude oil, higher chances of a June rate hike and disappointing earnings from Apple to post small gains for the first week of May.
But while investors were focused on the week in review on Friday some interesting happenings were taking place on Cinco de Mayo, which fell on the day before the 143rd annual Kentucky Derby.

Beleaguered social media company Twitter's (TWTR - Get Report) actually is showing signs that it is turning itself around. Twitter charts are on the up and up but that could change depending on how you view the technical analysis.

We are already looking ahead to next week, too, as Snap (SNAP - Get Report) and Disney (DIS - Get Report) are set to report earnings. Keep an eye on Snap as it embarks on its first-ever earnings call as a public company and Disney in the face of its recent ESPN issues and the success of the Star Wars franchise.

So while you sip a Mezcal margarita on Friday or a Mint Julep on Saturday and enjoy the festivities, TheStreet has devised the "Kentucky Derby Hat Index" that, similar to the hem line index, ties the size of the Derby hats to the performance of the stock market.

Check out the highlights from the week (in pictures):

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Editors' pick: Originally published May 5.

Monday, May 1: Not-So-Novel Ideas Make Headlines
Monday, May 1: Not-So-Novel Ideas Make Headlines

Mr. Musk has a novel idea: tunnels. No, I'm not kidding, it's the "newest" idea to come out of the 45-year-old founder of Tesla (TSLA - Get Report) .

During a TED talk held Friday in Vancouver, Elon Musk hinted that a network of tunnels in congested cities in which cars would travel between destinations on high-speed sleds, could be the mode of transport of the future. Sure, the sled thing is pretty new, but the ideas or tunnels ... well, that's been around forever.

Julius Caesar famously got around ancient Rome using tunnels. The Channel Tunnel, which connects Britain and France, opened in 1802. In New York City, tunnels have been in use for over 100 years. The first underground subway was opened on October 27, 1904.

The City Hall station stop, pictured above, was one of the first opened stations in New York and remains open to this day. Read more

Tuesday, March 2: Apple Disappoints, But Still Dominates
Tuesday, March 2: Apple Disappoints, But Still Dominates

Wall Street waited with bated breath for Apple (AAPL - Get Report) , the Cupertino, Calif., tech giant, to report earnings Tuesday after the market close.

And when it did, the wind was let out of the sails of many who were hoping for a blowout quarter. The company blamed, in part, revenue from its flagship product, the iPhone, sales of which were a little lighter than expected.

The iPhone really did change the world with its release in July 2007. That said, the iPod got the ball rolling for Apple. Above, Apple co-founder Steve Jobs introduces a new online music service along with the new iPod players, circa 2003. Read more

Wednesday, May 3: A Sign of The Times
Wednesday, May 3: A Sign of The Times

On a day where most of the media sector, including Viacom (VIAB - Get Report) and others, was on the ropes, one company rose above the pack.

Shares of the New York Times (NYT - Get Report) finished up nearly 13% to $16.10 on Wednesday after the publisher boasted the best quarterly digital subscriber growth in its pay model history as it continues to ride the wave of interest in high-quality journalism.

While many will dismiss the Times' growth as a bump from President Trump and the intense political climate, CEO Mark Thompson noted that digital subscriptions were accelerating "long before" the 2016 presidential election took over the news cycle. Read more

Thursday, May 4: 'May the 4th Be with You'
Thursday, May 4: 'May the 4th Be with You'

The official, unofficial holiday of the Star Wars franchise, May 4 is upon us and "May the 4th be with you." One of the earliest known records of 'May the 4th' used in popular culture is in 1979, just after Margaret Thatcher won the election to become Britain's first woman prime minister.

To celebrate their victory her party took a half page ad in the London Evening News with the message "May the Fourth Be With You, Maggie. Congratulations." Above George Lucas is pictured with Disney (DIS - Get Report)  Chairman Michael Eisner at the Star Tours ride as Disney World in January 1987.

Funny enough, Lucasfilm would be acquired by Disney for about $4.1 billion almost 35 and five movies later. Read more

Friday, May 5: It Must be the Shoes
Friday, May 5: It Must be the Shoes

Lonzo Ball hasn't even joined the NBA yet, but his sneakers are already making waves for their astronomical price tag. His father, LaVar Ball, just unveiled their Big Baller Brand. Ball designed the sneakers for his son, who is expected to be a top 3 draft pick at the upcoming NBA draft.

The main "Z02" pair, featuring "microfiber python texture," sells for $495, and a pair autographed by the undrafted former UCLA Bruin sells for $995. Expensive shoes shilled by famous basketball players are nothing new, of course. Nike's (NKE - Get Report) Air Jordan line, backed by Michael Jordan, sold pairs to the general public with a price tag of up to $400, according to ESPN.

Above is a photo from the Nike commercial and campaign "Hang Time" featuring Michael Jordan (center) and director Spike Lee.

The commercial, which aired in 1988, helped really launch the sneaker culture. Lee opens the commercial with the "It's gotta be the shoes" and the rest is history. Fat chance the Ball family has the same success, but you never know. Read More