'Welcome to Foldables' Samsung roasts Apple for being late to party
Samsung trolls Apple's foldable debut; oil back above $100, pushing the Fed toward a hike next week.
TL;DR
- Samsung criticizes Apple's late entry into the foldable phone market with social media jabs.
- U.S. crude oil prices have risen above $100 a barrel due to ongoing conflict in the Middle East.
- The surge in oil prices is increasing the probability of a Federal Reserve rate hike.
- President Trump's proposal for a $5,000 check tied to midterm election wins faces bipartisan opposition due to its high cost.
- India's efforts to expand solar and battery capacity are hindered by its reliance on China for hardware and minerals.
- Ford is investing $1 billion in a new paint shop at its Kentucky Truck Plant.
- Oracle reported better-than-expected quarterly results, with significant growth in cloud infrastructure revenue.
- A key metric tracking the volatility gap between tech stocks and the broader market is reversing, suggesting bonds may be driving market sentiment over AI.