Category: Top Story
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Apple now produces about 25% of iPhones in India as it reduces reliance on China, Bloomberg reports
Apple Inc (NASDAQ:AAPL) has significantly increased iPhone manufacturing in India, highlighting the company’s efforts to diversify production away from China amid ongoing trade tensions and tariff concerns, according to a Bloomberg report published Tuesday. Apple assembled approximately 55 million iPhones in India in 2025, representing an increase of about 53% compared with roughly 36 million…
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Amazon convenes engineers to review AI-related service outages – FT
Amazon (NASDAQ:AMZN) has summoned a large group of engineers to a meeting on Tuesday to investigate a series of service disruptions tied to artificial intelligence, the Financial Times reported. According to a briefing document for the meeting reviewed by the FT, the company has observed a “trend of incidents” in recent months, characterized by a…
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AT&T plans over $250 billion investment in U.S. network infrastructure by 2030
AT&T Inc. (NYSE:T) said it plans to invest more than $250 billion over the next five years to expand its fiber and wireless network infrastructure across the United States through 2030, according to a company announcement. The telecommunications group stated that the investment will be directed toward expanding fiber networks, 5G home internet, wireless services…
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Futures climb as Trump says Iran conflict could end “very soon” – what’s moving markets: Dow Jones, S&P, Nasdaq, Wall Street
U.S. equity futures pointed higher on Tuesday while oil prices moved lower after President Donald Trump suggested the war with Iran, now more than a week old, may conclude “very soon.” The comments helped calm investor nerves, although Iran signaled it is prepared to keep fighting and has reportedly warned it could halt oil shipments…
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U.S. Stocks Recover From Early Sell-Off As Trump Says Iran War Could Be Over Soon
Stocks moved sharply lower in early trading on Monday but showed a substantial turnaround over the course of the session. The major averages climbed well off their worst levels and into positive territory, with the tech-heavy Nasdaq leading the recovery. The major averages surged in the final hour of trading, closing not far off their…
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Airline and cruise stocks slide as oil spike rattles travel sector
Shares of major airlines and cruise operators fell sharply on Monday as surging oil prices triggered a selloff in travel-related stocks. United Airlines (NASDAQ:UAL) dropped 6%, while American Airlines (NASDAQ:AAL) fell 5%. Delta Air Lines (NYSE:DAL) declined 4.5% and Southwest Airlines (NYSE:LUV) slipped 3.8%, as investors reacted to the sharp rise in crude prices. Oil…
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U.S. stocks tumble as oil rally fueled by Middle East conflict rattles markets
U.S. equities opened sharply lower on Monday as escalating tensions in the Middle East pushed oil prices toward $100 a barrel, intensifying concerns that rising energy costs could pressure economic growth. As of 09:43 ET, the S&P 500 declined 1.2% to 6,655.57, the Nasdaq Composite dropped 1.3% to 22,103.06, and the Dow Jones Industrial Average…
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Amazon Pharmacy launches Zepbound KwikPen with $299 monthly starting price
Amazon Pharmacy (NASDAQ:AMZN) said it has begun offering Eli Lilly’s Zepbound KwikPen, a multi-dose injectable medication for weight management, with cash-pay pricing starting at $299 per month for the 2.5 mg introductory dose, according to a company press release. The offering further expands Amazon’s growing presence in healthcare as the $2.29 trillion company continues broadening…
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Oracle refutes reports of issues at Abilene AI data center
Oracle Corporation (NYSE:ORCL) rejected recent media claims suggesting problems at its major AI data center in Abilene, Texas, saying the project remains on schedule and that it has secured the full 4.5 gigawatts of capacity pledged to OpenAI. Despite the clarification, Oracle shares were down 1.2% at $152.96 in pre-market trading, reflecting broader weakness across…
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Five key themes for markets in the week ahead
The conflict involving Iran continues to intensify at the start of the new week, pushing oil prices above $100 per barrel and fueling concerns about renewed global inflation pressures. At the same time, the Federal Reserve has entered its policy blackout period as a series of important inflation and labor market data releases approach. On…