Wall Street’s main indexes were flat as investors stepped onto the sidelines ahead of the Federal Reserve’s highly anticipated first interest rate cut in more than four years.
Read More Wall St subdued as investors await Fed decision with bated breath
Meta won the dismissal of a lawsuit claiming it defrauded shareholders by concealing how changes to Apple’s privacy settings would make Facebook and Instagram less desirable for advertisers.
Read More Facebook parent Meta Platforms beats lawsuit over Apple privacy, Sandberg disclosures
Shares of Apple fell nearly 3% on Monday after several analysts said that delivery times for the new iPhone 16 Pro models indicated weaker-than-expected demand.
Read More Apple shares slip as shorter iPhone 16 shipping times signal soft demand
U.S. utilities faced a near 70% jump in cyberattacks this year over the same period in 2023, according to data from Check Point Research.
Read More Cyberattacks on US utilities surged 70% this year, says Check Point
The S&P 500 and the Nasdaq rose on Tuesday as most megacap stocks gained, with focus now moving to key inflation data later this week.
Read More Nasdaq, S&P gain on megacap boost in lead up to inflation report
Apple’s new iPhone 16 failed to excite investors with long-expected AI features still in test mode even as an industry-first tri-fold phone from Huawei raised the stakes.
Read More Apple’s iPhone 16 faces rising challenges with AI delay and growing Huawei competition