Tech stocks declined with Apple dropping over 6% and Microsoft down 3.5% after both raised prices citing higher memory chip costs driven by AI demand. Micron surged 15% post-earnings but later fell on OpenAI IPO delay news, dragging the Nasdaq to its longest losing streak since February. Federal Reserve officials highlighted inflation as the main concern over the job market, with core inflation rising to its highest since late 2023. The Supreme Court ruled in favor of Bayer on pesticide warning claims and allowed Trump to end protections for some immigrants. JPMorgan Chase promoted two co-presidents as part of CEO succession plans. Luxury spending is expected to grow, driven by experiences and family travel trends.
Investors are shifting focus from high-growth AI hyperscalers like Apple, Microsoft, and Alphabet to AI infrastructure suppliers such as Micron and Taiwan Semiconductor. This rotation follows concerns over rising AI infrastructure costs and heavy cap...
Goldman Sachs' Nasdaq-100 Premium Income ETF (GPIQ) has attracted $2.12 billion in 2025 by offering a near 10% monthly yield through writing covered call options on major tech stocks like NVIDIA and Apple. While it provides steady income, much of it ...
The REX FANG & Innovation Equity Premium Income ETF (FEPI) generates high monthly income by selling covered calls on major tech stocks like NVIDIA and Apple, resulting in a 25% distribution yield. While this strategy provides steady income, it limits...
Apple reported its best March quarter ever with strong iPhone 17 sales but announced significant hardware price hikes due to a 20% chip cost increase driven by AI memory demand. Meanwhile, Amazon's AWS cloud business grew 28%, benefiting from high de...
The Nasdaq is poised for a fifth consecutive day of losses as investors rotate out of technology stocks ahead of the quarter-end, with futures down 1.2%. Apple shares dropped 6% after warning of higher memory costs leading to price increases, while M...
