Group 1: Amazon Web Services (AWS) Outage - AWS experienced a significant outage that affected access to various popular websites, with services returning to normal by Monday evening [1][6] - The outage was attributed to a technical issue at one of Amazon's key data centers, not a cyber attack [6] Group 2: Apple Inc. - Apple shares reached all-time highs following a positive report on iPhone 17 sales in the U.S. and China [2][3] - Analysts suggest that Apple's advancements in artificial intelligence could significantly enhance its investment outlook [3] Group 3: Corporate Earnings Reports - General Motors exceeded analysts' expectations for earnings per share and revenue in Q3, raising its full-year guidance and seeing an 8.5% surge in premarket trading [5] - Coca-Cola also surpassed forecasts for Q3, with shares rising nearly 2%, although it noted soft demand [5] Group 4: U.S.-Australia Rare Earth Agreement - The U.S. and Australia signed an agreement involving project plans worth up to $8.5 billion to develop a rare earth supply chain independent of China [9][10] - Both countries will contribute $1 billion over the next six months, with total investments exceeding $3 billion [10] - U.S.-listed rare earth stocks saw significant gains, with Cleveland-Cliffs shares soaring over 20% following announcements of potential rare earth mining ventures [10]
AWS recovers, Apple rallies, General Motors beats and more in Morning Squawk