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October rate-hike odds fell to about 15% after Fed Chair Kevin Warsh declined to signal another increase, down from about 28% before his remarks. S&P 500 futures rose around 0.2% following his comments.
PepsiCo said it cut its profit outlook. The update is a factual company guidance change but appears as part of a broader market wrap rather than a standalone breaking release.
The UK says it will begin work on legislation requiring Apple and Google to block explicit images on children’s smartphones after talks with the companies stalled.
Senators from across the aisle have reportedly sent a letter to Apple Inc. (NASDAQ: AAPL ) CEO Tim Cook, urging the company to refrain from using memory chips from ChangXin Memory Technologies (CXMT) and Yangtze Memory Technologies Corp (YMTC) in its devices, even if the products are meant solely for the Chinese market
Micron and six other companies control the price of memory used in AI servers, with prices rising roughly fivefold in 12 months
Whales are actively trading options in several information technology stocks, including AAPL, AMAT, INTC, MRVL, MSTR, MU, PLTR, SNDK, TSM, and WULF
Apple event scheduled for June 18, potentially impacting stock price