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Real-time News
South Koreas Acting President Lee Ju-ho: We will do our utmost to stabilize the government. The most important thing now is to ensure the fairness of the election.US Vice President Vance: The Russia-Ukraine conflict is unlikely to end in the short term.S&P 500 futures fell 0.28% and Nasdaq 100 futures fell 0.45%, with Amazon and Apple shares falling after the market.On Thursday, Apple (AAPL.O) estimated that costs would increase by about $900 million for the quarter ending in June if global tariffs remain unchanged. Apple (AAPL.O) CEO Tim Cook said in an earnings call that Apple believes the impact of tariffs on the second fiscal quarter is "limited" as the company shifts its supply chain and inventory. "But for the quarter ending in June (third fiscal quarter), assuming that current global tariff rates, policies and implementation do not change for the remainder of the quarter and there are no new tariffs, we estimate the impact will increase our costs by $900 million," Cook said. In addition, Cook made it clear that the company is using U.S. suppliers. He supported Apples plan to spend $500 billion over four years, part of which will be used to expand teams and facilities in Arizona, Nevada, Iowa, Oregon, North Carolina and other places. "We expect to purchase more than 19 billion chips from more than a dozen states, including tens of thousands of advanced chips produced in Arizona this year," Cook said.Market news: Apple CEO Cook said he is still excited about the companys artificial intelligence (AI) and large language model (LLM) roadmap.
