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Apple is poised to win the rights to stream F1 racing in the US
Business Insider· 2025-07-11 20:00
Apple had a box-office hit with "F1," the car-racing movie. Now it looks like it's going to double up on the sport, with a likely deal to stream Formula 1 races. The tech company appears to be the leading bidder for the US rights to show F1 races. The rights are currently held by Disney's ESPN.Apple has submitted a bid worth at least $150 million a year to stream the races starting in 2026. And ESPN isn't going to try to match or beat that, according to a source familiar with negotiations. So barring a la ...
Bitcoin tops $118K, Trump announces 35% tariffs on Canada
Yahoo Finance· 2025-07-11 14:17
Market Overview & Trade Tensions - Market futures indicate a negative trend due to President Trump's tariff agenda, including a 35% tariff on Canadian imports and potential tariffs on the EU [2][3][4] - The Canadian dollar initially fell 0.6% against the US dollar following the tariff announcement, while the euro also declined, heading for a weekly decline of approximately 0.9% [5] - The dollar index is down around 9% this year, reflecting concerns about the impact of recent policy decisions on the US economy [6] Cryptocurrency Market - Bitcoin reached a new record high of $118,047.96, with Ethereum also experiencing a significant jump of 5.7% [7] - Bitcoin is becoming a less volatile asset, signaling a bullish trend, with developments in stablecoin and tokenization of stocks contributing to the crypto industry's growth [9][10] - Congress is expected to review three different crypto-related bills, potentially acting as a catalyst for further Bitcoin growth [10] Trending Stocks & Sector Performance - Car maker Stellantis is down over 2% in pre-market trading due to its exposure to Canadian tariffs, with the stock down nearly 15% this year [11][13] - Lionus Rare Earths surged as much as 16% as Western countries aim to reduce reliance on China, with the US government guaranteeing a price roughly double the current price offered by China [14][15] - Levi Strauss shares rose in pre-market after beating quarterly expectations, revising revenue forecasts to 1-2% growth despite tariffs [16][17] - The XLI industrials sector has quietly outperformed this year, driven by AI and aerospace, with Boeing and Airbus up over 30% year-to-date [17][19] Earnings Season & Economic Indicators - Levi and Delta reported solid earnings, with Delta reinstating guidance and shares rising around 12% [30][40] - Initial jobless claims declined by approximately 5,000 versus the prior week, indicating a relatively solid economic footing [33][43] - JP Morgan CEO Jamie Diamond is pricing in a higher probability of higher interest rates (40-50% chance) compared to the market's 20% [34][45] Apple's Challenges & Copper Market - Apple's stock is down 15% year-to-date, leading to discussions about potential CEO replacement due to struggles in AI [46][55] - A 50% tariff on copper has created a trade opportunity, with US copper prices surging 13% after the announcement and being roughly 28% higher than London Metal Exchange prices [58][59]
The Wrap-Up for Friday July 11
CNBC Television· 2025-07-11 13:57
Welcome back to Worldwide Exchange. As we close in on the 6 a. m.hour, a check on a few big stories that we're following this morning. President Trump announcing the US will apply 35% tariff to all imports from Canada beginning next month, reviving tensions with a major trade partner. The president also revealing he plans to impose blanket blanket tariffs of 15 or 20% on most of our trading partners.Secretary of State Marco Rubio making some comments after meeting with China's foreign minister in Malaysia t ...
Prediction: These 3 Stocks Will Be Worth More Than Apple by 2030
The Motley Fool· 2025-07-11 09:15
Core Viewpoint - Apple has lost its title as the world's largest company to Nvidia and Microsoft, and its lack of innovative products and AI strategy may lead to further declines in market capitalization [1][4][7] Group 1: Apple's Current Position - Apple's revenue growth has stagnated post-COVID, failing to achieve meaningful increases [4] - The company has not introduced any groundbreaking technologies recently, with its AI initiatives underperforming and new iPhones lacking significant features [7] - Current expectations suggest mid-single-digit revenue growth for Apple, contrasting sharply with competitors [7] Group 2: Competitors' Growth Potential - Meta Platforms and Alphabet are growing at two to three times the rate of Apple, with strong investments in AI supporting their growth [9] - Amazon's profits are increasing rapidly due to high-margin businesses like AWS, despite its revenue growth being similar to Apple's [10] Group 3: Earnings and Valuation Comparisons - All three competitors—Meta, Alphabet, and Amazon—are growing earnings at a faster pace than Apple, which is crucial for mature businesses [12] - Alphabet could surpass Apple in valuation if both were to trade at the same earnings multiple, given Alphabet's superior recent performance [14] - Meta's earnings growth, even if it slows, could lead to a larger net income than Apple's in five years, assuming current trends continue [15] - Amazon's higher valuation is justified by its rapid earnings growth, and it could still maintain a comparable valuation to Meta even with a slowdown [16] Group 4: Investment Recommendations - The three companies—Meta, Alphabet, and Amazon—are viewed as strong investment opportunities, while Apple is considered a slow-growing and expensive stock [17]
摩根士丹利:IT 硬件-2025 年第二季度CIO调查要点:硬件支出持平
摩根· 2025-07-11 02:23
July 10, 2025 01:42 AM GMT IT Hardware | North America 2Q25 CIO Survey Takeaways: Hardware Spend Running In Place Hardware budget growth in our 2Q CIO Survey was unchanged from 1Q25 (+1.5%), though an improvement from late Feb/ March. SMB spending uptick is encouraging, but policy uncertainty means macro still an outsized headwind. With HW trading at 19x P/E, we lean incrementally more cautious on the group. Key Takeaways Our 2Q25 CIO Survey points to largely unchanged 2025 Hardware spending plans vs. 1Q25, ...
ROSEN, LEADING TRIAL ATTORNEYS, Encourages Apple Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – AAPL
GlobeNewswire News Room· 2025-07-11 00:50
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Apple Inc. securities between June 10, 2024, and June 9, 2025, about the upcoming lead plaintiff deadline on August 19, 2025, for a class action lawsuit [1]. Group 1: Class Action Details - Investors who bought Apple securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by August 19, 2025 [2]. - The lawsuit alleges that Apple made false and misleading statements regarding the integration of advanced AI-based Siri features, which impacted the expected sales of the iPhone 16 [4]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements in this area [3]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [3]. - Rosen Law Firm has been recognized for its performance in securities class action settlements, being ranked No. 1 in 2017 and consistently in the top 4 since 2013 [3].
These 3 Companies Generate Big Cash
ZACKS· 2025-07-10 23:36
Group 1: Financial Stability and Cash Generation - Strong cash flows reflect financial stability, allowing companies to pay down debt, pursue growth opportunities, and distribute dividends [1] - Companies with strong cash-generating abilities are better equipped to weather downturns, providing a long-term advantage for investors [1][6] - Microsoft, Verizon, and Apple are highlighted as companies that generate significant cash [6] Group 2: Apple Inc. (AAPL) - Apple has consistently been a cash-generating machine, raising its quarterly dividend payout for 13 consecutive years, moving towards becoming a Dividend Aristocrat [2] - The company generated $108.8 billion in free cash flow in FY24, with cash flows on a steady uptrend [3] - Apple currently yields a modest 0.5% annually, but has a five-year annualized dividend growth rate of 4.9% [3] Group 3: Verizon Communications Inc. (VZ) - Verizon's strong cash-generating abilities have positioned it favorably among income-focused investors, nearing entry into the Dividend Aristocrats club [5] - The company reported FY24 free cash flow of $19.8 billion, reflecting a 6% year-over-year growth [5] - Verizon shares yield a steep 6.2% annually, significantly higher than the S&P 500 [5] Group 4: Microsoft Corporation (MSFT) - Microsoft reported EPS of $3.46 and sales of $70.0 billion, both exceeding consensus expectations, with sales growing 13% year-over-year and EPS climbing 18% [9] - Microsoft Cloud revenue surged 20% year-over-year to $42.4 billion, driven by strong demand [10] - The Intelligent Cloud segment, which includes Azure, generated $26.8 billion, up 21% from the previous year, with Microsoft achieving $69.4 billion in free cash flow over the trailing twelve months [11]
Stock Of The Day: Will Apple Bring Tech Sector Down?
Benzinga· 2025-07-10 22:50
Trading in Apple Inc. AAPL is quiet on Thursday. The stock has not participated in the recent broad market rally. While NVIDIA Corp NVDA and Microsoft Corp MSFT have soared to all-time highs, Apple has lagged.But now there’s a chance Apple could be about to put some downward pressure on the market. This is why it is the Stock of the Day.Despite its lackluster performance, Apple is still the third-largest stock in the Technology Select Sector SPDR Fund XLK: Nvidia is 14.88%, Microsoft makes up 14.02%, and Ap ...
Apple's Foldable iPhone Could Land In 2026, And Leave Samsung Playing Catch-Up
Benzinga· 2025-07-10 20:38
Tech giant Apple Inc AAPL is expected to join the growing list of smartphone companies with foldable smartphones with a new iPhone Fold expected to launch next year.What Happened: Apple has been working on a reported foldable iPhone for years, but waited until it got specifications and production right before a full launch.That launch is nearing and expected in 2026, with a production line almost ready, according to a report from 9to5Mac.The latest report indicates that the production line will be capable o ...