Apple pledges $100 billion more for U.S. investment amid tariff pressure
Apple has pledged an additional $100 billion investment in the U.S., bringing its total commitment to $600 billion over four years, in a move seen as ...
U.S. stock markets closed higher on Wednesday, with the Nasdaq leading gains after tech giants – particularly Apple – saw strong advances.
The surge came as reports emerged that Apple is preparing to announce a major new investment in U.S. manufacturing. Investor sentiment was also lifted by a generally positive round of corporate earnings reports.
According to preliminary figures, the S&P 500 rose 46.06 points, or 0.72%, to close at 6,344.67. The Nasdaq Composite jumped 251.97 points, or 1.21%, to 21,168.52, while the Dow Jones Industrial Average gained 79.42 points, or 0.18%, ending the session at 44,191.16.
Jason Browne, President of Alexis Investment Partners, commented on the market outlook:
“Right now, the market is still trying to find its footing. After the late-week pullback we saw, there’s been some bouncing around. There’s a bit of a tug-of-war between expectations of a seasonal correction and the momentum from year-to-date gains."
"We’re personally anticipating a seasonal setback," added Browne. "That said, Apple’s announcement about new investment in the U.S. is giving a strong lift to Nasdaq today. Overall, the tone remains one of resilience as the market tries to recover from recent selling. We believe some consolidation is necessary after the strong rally, but today shows why we wouldn’t bet against the market.”
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
De-dollarisation, the move away from the U.S. dollar in global trade and finance, is no longer a fringe idea. As geopolitical tensions rise and new financial tools emerge, could this shift really transform the global economy?
Global financial markets are trading mixed today amid U.S. President Donald Trump’s announcement of tariffs on drug and semiconductor imports, coupled with weak service sector data impacting investor risk appetite.
Tesla has granted Elon Musk a $29 billion share award as part of a new compensation plan to retain him as CEO while the company shifts focus from electric cars to robotaxis and AI. The move revives elements of a controversial 2018 package previously struck down by a Delaware court.
OPEC+ will increase oil production by 547,000 barrels per day in September after eight members of the organisation held a brief virtual meeting on Sunday. They said the company will continue to accelerate its output hikes to regain market share.
McDonald's plans to significantly expand its investments in artificial intelligence by 2027, with India expected to play a central role in data governance, engineering, and platform development, a senior executive said on Friday.
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