Apple (AAPL) stock fell about 2% on Friday as investors weighed reports that initial production of the company’s long-awaited foldable iPhone remains limited, raising concerns about whether Apple can meet demand when the device launches. According to a Nikkei Asia report, production of the foldable iPhone was running at only a few hundred units per
President Donald Trump renewed pressure on the Federal Reserve to lower interest rates after stronger-than-expected August jobs data increased expectations of a September rate hike. US employers added 162,000 jobs in August, sharply exceeding forecasts and keeping the unemployment rate at 4.1%. Gold prices fell as stronger labor data boosted expectations for higher interest rates
US stocks ended lower on Friday after stronger-than-expected August employment data increased expectations that the Federal Reserve could raise interest rates at its September meeting. The Dow Jones Industrial Average fell 0.5% or 279.20 points, while the S&P 500 declined 0.38% and the Nasdaq Composite lost 0.3%. The selling came ahead of the three-day Labor
Japan’s Nikkei 225 rebounded on Friday as easing fears of an imminent US rate increase helped technology shares recover, even as a sharp rally in the yen created a fresh headwind for exporters. The benchmark was up 0.86% at 64,769.74 by the midday break, snapping a four-session slide that had erased almost 2,200 points. SoftBank
Gold steadied near $4,477 an ounce on Friday, holding most of Thursday’s sharp rebound as investors waited for US payrolls data that could reshape expectations for the Federal Reserve’s September meeting. Spot bullion was little changed at $4,477.10 an ounce in early Asian trading and was heading for a modest weekly gain. December US gold
Bitcoin price has risen more than 4% over the past 24 hours to around $81,000, holding above the $80,000 level after briefly breaking $82,000. Federal Reserve Governor Christopher Waller’s latest comments have driven much of the move, after he backed keeping interest rates unchanged at the Sept. 15–16 Federal Open Market Committee meeting if August
Oil prices rose on Friday, keeping Brent above $96 a barrel and WTI above $92 as renewed US-Iran fighting outweighed signs that Washington was managing to keep more crude moving through the Strait of Hormuz. Brent crude gained 0.6% to $96.06 a barrel in Asian trading, while West Texas Intermediate rose 0.9% to $92.10. Both
XRP has recovered from its recent pullback, holding the $1.32 support over the past few days. The altcoin is now up by more than 6% in the last 24 hours as traders assess changes in the macroeconomic environment ahead of the latest US employment report. The recovery comes as sustained ETF inflows and record activity
Uber Technologies is cutting about 3,300 jobs as Chief Executive Dara Khosrowshahi moves to streamline the company’s organization, reduce costs and speed up decision-making at a time when the ride-hailing giant is preparing for a potentially disruptive shift toward autonomous vehicles. The cuts, equivalent to roughly 10% of Uber’s workforce, sent shares (UBER) about 2%
Snowflake stock has remained in a narrow range in the past few weeks, but this may change later today, September 2nd, when the company publishes its financial results. SNOW was trading at $319.80, down modestly from last month’s high of $341. Snowflake to publish earnings as growth continues Snowflake, one of top technology companies that