Core Viewpoint - The launch of the new iPhone 17e and iPad Air is expected to significantly enhance Apple Inc.'s revenue growth for the June quarter, potentially increasing the forecasted revenue growth from 7% to 9% [1] Revenue Growth Potential - The introduction of the iPhone 17e and iPad Air, which offer double the storage at the same entry-level price of $599, indicates effective management of memory cost pressures, even if it results in a margin hit [2] - The iPhone 17e typically accounts for 15-20% of annual iPhone unit sales and is expected to drive about 15% year-over-year unit growth for several quarters, potentially boosting June-quarter iPhone revenue by around 2% and overall company revenue growth by roughly 1 percentage point [3] - The iPad Air is estimated to make up about 7% of total sales, with a 15% increase in Air sales contributing approximately 1% to overall revenue, combining with a similar lift from the iPhone to push June revenue growth closer to 9% [4] Product Specifications and Future Releases - The new iPad Air features 12GB of unified memory, a 50% increase from the previous model, and is powered by the M4 chip, making it up to 30% faster than the M3 version [5] - Additional products are expected to be released on March 4, including a MacBook Pro with M5 Pro and M5 Max chips and a 12th-generation iPad [5] Market Performance - Apple is ranked in the 94th percentile for quality and the 65th percentile for momentum, reflecting strong performance metrics [6] - Year-to-date, Apple stock has declined by 2.32%, but it increased by 0.20% to close at $264.72 on Monday [6]

BOTZ Is A Robotics ETF That Quietly Bets Big on AI Chips - 24/7 Wall St.[S&P 5006,763.60 -1.63%][Dow Jones48,046.80 -1.67%][Nasdaq 10024,448.60 -2.05%][Russell 20002,589.24 -2.32%][FTSE 10010,492.00 -2.87%][Nikkei 22554,153.70 -5.87%][Investing]# BOTZ Is A Robotics ETF That Quietly Bets Big on AI Chips### Quick ReadGlobal X Robotics ETF (BOTZ) holds nearly one-third of its assets in three names. Chip maker NVIDIA is its largest position at 10.61%.BOTZ returned 21.9% over the past year driven by broad invest ...

Chinese refiners begin run cuts as Iran war tightens oil supply | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]- Companies- Summary- More refiners reliant on MidEast oil expected to curb runs- ZPC buys 480,000 bpd of crude from Saudi Aramco- Fujian Refining and Petrochemical shuts 80,000 bpd unit, sources say- Aramco-backed ZPC brings forward maintenanceSINGAPORE, March 3 (Reuters) - Zhejiang Petrochemical Corp, a major Chinese re ...

MMG Limited (OMS1.F,1208.HK) said, for 2026, the company expects: total capital expenditure to be between $1.6 billion and $1.7 billion, including $800-850 million for Las Bambas and $500-550 million for Khoemacau. For Las Bambas, the company projects production between 380,000 and 400,000 tonnes of copper in copper concentrate. For 2025, net profit after tax to equity holders increased to $509.4 million from $161.9 million, prior year. Revenue was $6.2 billion, a 39% increase from 2024. The Board did not ...

Target Stock Rises on Earnings Beat and Strong Guidance - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.# Target Stock Rises on Earnings Beat and Strong GuidanceBy [Sabrina Escobar]ShareResize---ReprintsIn this article[TGT][SPX]A worker moves ...

Morning Bid: Hormuz haze hits markets | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Birds fly near a boat in the Strait of Hormuz amid the U.S.-Israeli conflict with Iran, as seen from Musandam, Oman, March 2, 2026.REUTERS/Amr Alfiky [Purchase Licensing Rights, opens new tab]March 3 - What matters in U.S. and global markets todayBy [Mike Dolan, opens new tab], Editor-At-Large, Finance and MarketsSign up [here.]Day three of the es ...

By Mike Dolan March 3 - What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Day three of the escalating Middle East war continues to rattle world markets and there are no signs yet of when or where the widening regional conflict may end - only ‌a running assumption that it will be measured in weeks and not just days. Energy prices remain the epicenter of the financial transmission, and crude oil ‌is climbing again as shipping, oil and gas installations a ...

Tehran's threat to attack any vessel attempting to ‌transit the Strait of Hormuz, ⁠combined ⁠with production halts by several Middle Eastern oil and gas producers, has driven global shipping rates higher and pushed up crude and natural gas prices. The strait, a critical chokepoint, carries roughly one-fifth of the world's total oil consumption. Industries such as airlines and travelthat are exposed to crude prices were knocked back for a second day. Delta and Royal Caribbean fell about 4% each. "Much will ...

Xeinadin, which offers accountancy services and business advice to small and medium-sized enterprises and individuals in the UK and Ireland, has purchased London-based company Accountancy Cloud. Founded in 2014, Accountancy Cloud supports start-ups in managing their finances. The practice uses a subscription-led model and a technology-driven approach to deliver finance functions. Headquartered in Moorgate, Accountancy Cloud works with clients in major technology hubs including Manchester, Bristol, Birm ...

Core Viewpoint - S&P Global Inc. has downgraded its outlook for SoftBank Group Corp. from stable to negative due to concerns that an additional $30 billion investment in OpenAI may adversely affect the company's liquidity and asset credit quality [1][2]. Investment Strategy - SoftBank plans to invest an additional $30 billion in OpenAI, following previous investments exceeding $30 billion, which raises concerns about liquidity [2][4]. - The new investment will be executed in three separate $10 billion tranches throughout the year, increasing SoftBank's stake in OpenAI from approximately 11% to 13% [4]. Asset Management - S&P has affirmed a "BB+" long-term issuer credit rating for SoftBank, indicating that the company could mitigate negative financial impacts by selling assets [2][3]. - The proportion of unlisted shares in SoftBank's portfolio is expected to rise above 50%, up from an estimated 42% in December, due to the increased investment in OpenAI [4]. Financial Implications - S&P warns that the liquidity of SoftBank's investment portfolio will deteriorate as OpenAI constitutes a larger share of it, and the company has listed assets for sale to alleviate financial pressure [5][6]. - The loan-to-value (LTV) ratio may be negatively impacted by the additional investment in OpenAI, which SoftBank has historically used to demonstrate its debt repayment capability [6]. Future Outlook - S&P may consider revising the outlook positively if SoftBank improves its portfolio liquidity through asset sales and maintains investment quality while improving its LTV ratio [7].