Apple unveiled its latest iPhone lineup, an updated Siri model, new AirPods and Apple Watch models at its annual product event, with investors showing a muted reaction to the announcements. Apple shares AAPL were down 1.53% at the time of writing, despite the company introducing several hardware and software updates. The event was also the
Anthropic has sought to answer one of the most consequential economic questions of the AI era: how dramatically will artificial intelligence reshape the economy? New research from the AI company outlines three potential paths through 2030, ranging from a relatively modest technological shift similar to the internet’s early economic impact to an extreme scenario in
Apple Inc (AAPL) officially entered the foldable market today, taking direct aim at rival designs. Addressing attendees at the flagship Cupertino launch event, newly installed CEO John Ternus emphasized that modern smartphones require expansive visual space to keep up with user demands. “For a device that plays such a central role in your life, a
Advanced Micro Devices (AMD) shares rose on Wednesday after Chief Financial Officer Jean Hu outlined an expanding artificial intelligence opportunity and said the company expects its data center business to double in 2027. The bullish outlook has also prompted analysts to raise their price targets, while Bank of America data showed increasing institutional ownership of
Apple unveiled its iPhone 18 Pro models and foldable iPhone Duo as part of its annual product launch, with the new devices carrying higher prices. Brent crude prices climbed above $100 a barrel as renewed Middle East hostilities heightened concerns about energy supplies and inflation. Bitcoin struggled below $80,000 as rising oil prices and a
US stocks fell for a third straight session on Wednesday as rising oil prices and Treasury yields added to investor concerns over inflation and the Federal Reserve’s interest-rate path. The Dow Jones Industrial Average dropped 405.41 points, or 0.77%, to 52,380.66. The S&P 500 fell 0.48% to 7,636.36, while the Nasdaq Composite declined 0.64% to
Astera Labs stock has remained under pressure in the past few months, moving from the year-to-date high of $498 to the current $300. It has crawled back this month, and this recovery will likely continue in the coming months as demand for its products continues rising. Astera Labs’ business is growing Astera Labs is a
Prediction market startup Kalshi said Tuesday that its monthly commodities trading volume had reached more than $400 million, exceeding cryptocurrency trading volume by four times at the same point in the respective category’s development. The rapid growth comes seven months after Kalshi launched its commodities markets as the company seeks to expand beyond event-based contracts
Oracle stock ORCL rose on Tuesday as a fresh round of bullish analyst commentary put the technology company back in focus ahead of its fiscal first-quarter earnings report, while the launch of OpenAI’s latest artificial intelligence model provided investors with another reason to reassess the company’s growth prospects. Shares climbed nearly 4% on Tuesday, although
Marvell Technology (MRVL) stock has slipped over 31% from its year-to-date high, mirroring the performance of other semiconductor companies. The stock was recently trading around $223, down 32% from its highest point this year. Similarly, popular ETFs such as the Schwab Semiconductor Index Fund (SOXX) and the VanEck Semiconductor ETF (SMH) have fallen by more