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HKEX Announces Transition to T+1 Settlement Cycle for Cash Market
Anthropic Engages with New York City Comptroller Mark Levine
Stripe and Plasma Collaborate on Multi-Currency Stablecoin Cards
Week Ahead for FX, Bonds: U.S., European PMI Data in Focus
Blue Origin Announces $330 Million Expansion in Florida for New Glenn Rocket Launches
US Factory Production Rebounds on Semiconductors, Supplies
Alberta Separatists Promise Oil Riches But Voters Are Skeptical
Euro Poised to Halt Five-Week Losing Run After Warsh Remarks
USDCAD Experiences Volatility Amid Higher Inflation Data
Why is Moderna stock dropping today?
U.S. Official Warns of AI-Driven Cybersecurity Risks
Union Pacific CFO Jennifer Hamann to retire in early 2027
Russia and the United States Engage in Arctic and LNG Project Discussions
Bank of America Engages Contractors to Address Software Flaws
CoreWeave Shares Decline Following Previous Gains
US’s AI task force sets path for study and reviews, leader tells CNBC
US import prices increase; post largest annual gain in more than four years
Tesla Shares Rise Following New Roadster Unveiling
Wall St opens muted as tech jitters linger; Tesla gains
Here are Barclays’ preferred European utilities heading into earnings
Central bankers eye higher rates as AI boom fuels scramble for cash
CoreWeave stock, bond set for weekly plunge as rate-hike fears hit AI bet
Vale Says Costs Making 10% of Iron Ore Market Lose Money
Chipmakers Set for Longest Losing Streak Since ‘08: Markets Wrap
U.S. Industrial Production Increases by 0.7% in September
US Treasury Yields Increase Following Economic Data Release
Market Euphoria Distracts From Brazil’s Mounting Debt Problem
Why is Cirrus Logic stock climbing today?
Eli Lilly’s weight-loss pill wins EU drug regulator’s backing
Industrial production surges past expectations, boosting USD outlook
Carmakers face smaller cut in UK EV sales targets
China Warns EU Not to Underestimate Ability to Fight on Trade
ExxonMobil signals $4.5 billion refining earnings boost as margins soar
CVC nears €1.8 billion merger of pasta maker Panzani with Cerealis - Bloomberg
FTSE 100 today: Stocks up as defense shares gain; index set for second weekly gain
IMF chief urges cooperation on AI and war risks, as US hails economic momentum
CoreWeave stock, bonds set for weekly plunge as rate-hike fears hit AI bet
Global Interest Rate Expectations Shift Slightly Amid Economic Data
CoreWeave Short Sellers Report Significant Gains as Stock Drops 15.5%
U.S. Import Prices Rose in September
Germany, France Push to Scrap 2035 Climate Goal for Cars
India Detains Youth Activists Ahead of Protest Over Voter Rolls
Bank of Japan Governor Ueda Confirms Continued Rate Hikes as Inflation Approaches Target
US Dollar Declines Despite Rising Inflation Indicators
Wall Street futures mixed as tech stocks face pressure from AI jitters
Germany's Foreign Minister Warns Against Iran's Hostile Activities Towards Europe
Riyadh airport reopening in doubt after Houthi attacks
Canada Housing Starts Rise in September, Though Market Faces Longer-Term Supply Gap
You’ve Found a Long-Lost CD. Can You Still Get Your Money?
Iran's President Signals Willingness for Dialogue Amid Falling Oil Prices
Splitit Launches Bank-Branded Instalment Charge Card
Citi starts Mobileye at Buy, calls it a global leader in vehicle vision
Apple’s first foldable iPhone sells out within minutes as preorders begin
US import prices increase more than expected in September
China unveils draft export controls on AI technologies and chips
Equifax Expands Open Banking Solutions with Mastercard Partnership
U.S. Import and Export Prices Rise Sharply in September
Federal Reserve Rate Hike Odds Drop Significantly Amid Inflation Concerns
Polish President Seeks Way Out of Deadlock at the Central Bank
Treasuries ‘Absolutely’ Still a Safe Haven, Says JPMorgan’s Misra
Research Highlights Low Adoption of Stablecoins Among SMEs Despite Potential Benefits
Apple's iPhone Duo Sells Out Quickly Amid Manufacturing Challenges
European stocks on course for best week since Aug on easing yields
Johnson Matthey rises as Citi renews coverage on earnings growth outlook
Brazil economic activity up 0.3% in August, matching forecasts
US equity funds draw renewed inflows as Treasury yields ease
Bank of Japan Must Ensure Underlying Inflation Doesn’t Go Above 2%, Ueda Says
Tesla Launches Roadster EV at SpaceX Site in Latest Merger Hint
Brazil Economic Activity Edged Up Before Presidential Runoff
UBS Maintains Neutral Rating on Apple Amid Concerns Over iPhone Sales
UBS has reiterated its Neutral rating on Apple Inc. and maintained a price target of $296, citing concerns regarding the company's iPhone sales. The investment bank's analysis indicates that indicators of demand for the iPhone are weakening, which could impact future sales performance.
Data from UBS Evidence Lab, which surveyed over 30 markets, reveals that wait times for the iPhone Pro have decreased by four days compared to the previous year, while wait times for the Pro Max have remained largely unchanged. Additionally, weekly wait times have dropped by one day for the Pro model and five days for the Pro Max, suggesting a shift in consumer demand.
The reduction in delivery times, coupled with Apple's strategy of higher pricing, raises concerns about the potential for significant growth in iPhone sales estimates. This situation may lead to a reassessment of Apple's market position as it navigates these challenges.
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Source: KLEA News