Here are the most important news investors need to start their trading day:
1. Highlights
2. Eat more apples
apple It announced a slew of new products on Monday in an attempt to boost sales of its all-important iPhone. It launched several new versions of the device – iPhone 16, iPhone 16 Plus, iPhone 16 Pro and iPhone 16 Pro Max. iPhone pre-orders will begin on Friday, and the devices will be available on September 20. Here’s more feature information about the new product. It’s not all good news for Apple this week: EU’s top court rules The company must pay Ireland’s back taxes amount to $13 billion.
3. Starbucks Vibration
Brian Niccol has big challenges to overcome as he takes on top job at company Starbucks. The former Chipotle CEO started taking the same role at the coffee giant on Monday. He joined Starbucks at a time when sales were declining and the company’s shares, which have fallen about 4% this year, surged more than 20% on the day Niccol’s hiring was announced, boosting Starbucks shares. To turn around the coffee chain’s business, Nicholls must fix its mobile app issues, improve its China operations and convince customers that Starbucks products are worth the higher prices. Click here to learn more about Nicol’s future.
4. The dawn of an era
On Tuesday, SpaceX took a major step toward a breakthrough. company Polaris Dawn mission launchedwhich will attempt the first private spacewalk. Only government astronauts have previously attempted to operate outside a spacecraft. The spacewalk is expected to last about two hours. The mission is part of an effort by billionaire Shift4 founder Jared Isaacman, who purchased three missions from SpaceX in 2022.
5. Another consumer hack
large batch File for bankruptcy protection On Monday, it said it would sell the business to private equity firm Nexus Capital Management. The discount home furnishings retailer’s troubles are just the latest for companies that cater to lower-income consumers as high inflation persists and interest rates remain high. Big Lot said in a statement that its “core customers are limiting discretionary spending on home and seasonal product categories, which account for a significant portion of the company’s revenue.” The company said it will continue to operate its business, but Nearly 300 stores have begun to close.
– CNBC’s Brian Evans, Hayden Field, Ashley Capoot, Kif Leswing, Todd Hasleton, Amelia Lucas, Michael Sheetz and Gabrielle Fonrouge contributed to this report.
