US Morning News Call | Apple's iPhone 17 Drives Strongest Sales Growth Since Pandemic
Before the Bell
On Monday, stock futures rose as investors shifted their focus to a series of major earnings reports and upcoming inflation data.
Futures tied to the $E-mini S&P 500 Futures (MAR6) (ESmain.US)$ rose 0.25%. $E-mini NASDAQ 100 Futures (MAR6) (NQmain.US)$ went up by 0.35%, and $E-mini Dow Futures (MAR6) (YMmain.US)$ went up 63 points, or 0.14%.
Top News
Trump Sets Tariffs on Trucks and Buses
U.S. President Donald Trump on Friday signed orders expanding credits for U.S. auto and engine production and setting new 25% tariffs on imported medium- and heavy-duty trucks and parts starting November 1. And the United States will impose a 10% tariff on imported buses starting November 1.
Nvidia and TSMC Unveil First U.S.-Made Blackwell Chip Wafer
$NVIDIA (NVDA.US)$ and $Taiwan Semiconductor (TSM.US)$ announced the completion of their first U.S.-made Blackwell chip wafer, produced at TSMC’s semiconductor manufacturing facility in Phoenix, Arizona.
Apple's iPhone 17 Drives Strongest Sales Growth Since Pandemic
$Apple (AAPL.US)$ 's iPhone 17 has driven the company’s strongest sales growth since the pandemic. Store traffic and supply-chain checks suggest “much stronger” orders than for the iPhone 16, according to IDC.
Amazon Web Services Outage Disrupts Major Online Services
An $Amazon (AMZN.US)$ Web Services (AWS) outage caused disruptions to several popular online platforms, including Snapchat and Robinhood. AWS later stated that the underlying DNS issue has been fully resolved and most services are now operating normally.
Crypto News
Japan Considers Allowing Local Banks to Buy and Sell Crypto
Japan is reportedly exploring regulatory changes that would permit local banks to buy and sell cryptocurrencies. The FSA is also considering allowing banks to register as crypto exchanges.
Japan’s Major Banks Collaborate on Stablecoins for Corporate Payments
Major Japanese banks are joining forces to develop stablecoins aimed at speeding up corporate payments. Stablecoins have become crypto’s dominant payments primitive, with total circulating value recently surpassing $300 billion for the first time, according to The Block’s data.
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