Analysts are broadly optimistic on Apple – but they’re not expecting its upcoming product launches to rescue the stock or boost demand all of a sudden. Several Wall Street firms reiterated their stances on Apple stock ahead of the tech titan’s “It’s Glowtime” event on Sept. 9, when the company is expected to launch its iPhone 16 . Analysts also expect the tech giant to highlight its artificial intelligence capabilities through its “Apple Intelligence” software, which should be available to the public later this year rather than alongside the new iPhone hardware. Indeed, on Tuesday UBS analyst David Vogt and…
Author: usaeverydaylife
United States Steel Mon Valley Works Clairton Plant and Clairton Coke Works facility in Clairton Pennsylvania, Monday, September 11, 2023.Thomas O’Neil | Nurphoto | Getty ImagesU.S. Steel shares tumbled nearly 18% on Wednesday as the White House is reportedly preparing to block the company’s sale to Japan’s Nippon Steel.People familiar with the matter told the Washington Post that President Joe Biden was preparing to announce that he will block the $14.9 billion deal. Vice President Kamala Harris, the Democratic presidential nominee, said U.S. Steel “should remain American-owned and American-operated” during a campaign event in Pittsburgh Monday. U.S. Steel CEO David…
CFOTO | Future Publishing | Getty ImagesSpot bitcoin exchange-traded funds had their worst day in over four months on Tuesday as investors pulled some of their money alongside a broader market selloff.More than $287 million was withdrawn from the 11 U.S.-listed ETFs, the biggest day for outflows since May 1, according to Farside Investors data. The funds hit the market in January, following a ruling by the SEC that allowed financial firms to package bitcoin into ETFs, the same way they do for stocks and bonds.Fidelity led redemptions, with investors on Tuesday selling more than $162 million worth of shares…
Late next week, the WNBA will send out ballots for its end-of-season awards. Sixty-eight media members will have eight days to submit selections for 10 different awards, including Most Valuable Player, Defensive Player of the Year, and first- and second-team All-WNBA.What I’m about to say will never happen, and I’m equally aware it would be wildly unpopular on the fringes of Caitlin Clark’s and Angel Reese’s fan bases, where rational discussion goes to die and a compliment of one player is viewed as a criticism of the other. But, what the heck. Let’s do it anyway.For me, this season’s Rookie…
speaking at Jackson Hole on August 23, 2024. David A. Grogan | CNBCAtlanta Federal Reserve President Raphael Bostic signaled Wednesday that he is ready to start lowering interest rates even though inflation is still running above the central bank’s target.Previously one of the more hawkish policymakers, or in favor of tighter policy to fight inflation, Bostic noted that his focus is shifting more toward the employment side of the Fed’s mandate as signs increase of labor market softening.”I believe we cannot wait until inflation has actually fallen all the way to 2 percent to begin removing restriction because that would risk…
Over the last 11 months, the S & P 500 ‘s advance has been compared to various bull markets of the past: 2021, 2019, 2017, 2009, 1995-1999, etc. One year that hasn’t come up is 2022. Why would it? That was a harsh bear market, characterized by lower lows, raging inflation and historic rate hikes. That’s the complete opposite of now: the S & P 500 has been making higher highs, inflation has materially dropped from its peak and we’re about to get our first rate cut. However, under the surface, something has been happening that we haven’t seen in…
Cooper Union’s Foundational Building, left, and 41 Cooper Square facility, right, in New York’s Greenwich Village.Image source: Mario MorgadoIn a move years in the making, the Cooper Union for the Advancement of Science announced Tuesday a return to full-tuition scholarships for all graduating seniors.The New York City-based private college, founded in 1859, had long been tuition-free for all grade levels. But in 2014 it dialed back its longtime commitment that education be “as free as air and water” and began offering students only half-tuition scholarships.A few years later, the school presented a 10-year plan to restore full-tuition scholarships through saving,…
LONDON, UNITED KINGDOM – 2020/07/16: Storefront of the Burberry store in the prestigious New Bond Street. (Photo by Dave Rushen/SOPA Images/LightRocket via Getty Images)Sopa Images | Lightrocket | Getty ImagesLONDON — British luxury fashion house Burberry Group dropped out of the U.K.’s FTSE 100 stock market index on Wednesday, as waning sales and a slew of management changes have added to the mounting pressures facing the 168-year-old retailer.The company slipped into the FTSE 250 during September’s quarterly rebalancing, index provider FTSE Russell said in a statement, bringing its 15-year run in the U.K. large-cap FTSE 100 blue chip index to…
Ilya Sutskever, co-founder and chief scientist of OpenAI, speaks at Tel Aviv University in Tel Aviv, Israel, June 5, 2023.Jack Guez | AFP | Getty ImagesOpenAI co-founder Ilya Sutskever, who left the artificial intelligence startup in May, has raised $1 billion from investors for his new AI company, Safe Superintelligence, or SSI.The company announced in a post on X that investors included Andreessen Horowitz, Sequoia Capital, DST Global and SV Angel, as well as NFDG, an investment partnership co-run by SSI executive Daniel Gross.”We will pursue safe superintelligence in a straight shot, with one focus, one goal, and one product,” Sutskever wrote on…
NEW YORK — There are some nights when Frances Tiafoe turns Arthur Ashe Stadium into a rocking house party. His house. His music thumping from the loudspeakers. Nearly 24,000 friends, cousins, kings, queens, stars of the silver screen and hardwood, and of course an all-time tennis great or half a dozen. All of them bounce to his beat, shaking every level of the big tennis court by Flushing Bay. Tuesday night on Ashe was something else. Not better or worse, especially with Tiafoe rolling into the first all-American U.S. Open semifinal since 2005, when Andre Agassi defeated Robby Ginepri. The same party…
