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After seven consecutive days of decline, SpaceX (SPCX.O) shares rose 7.6%.Apple (AAPL.O) plans to launch a leasing program called "Apple Upgrade," one of the biggest changes to the companys device sales model ever, according to sources. The service is expected to launch on July 28, initially in the US market, supporting most iPhone, Mac, iPad, and Apple Watch models. Apple will partner with Klarna Group, which will fund the project. The program will launch first in the US, simultaneously in Apple retail stores and online. The service will operate on a subscription model, allowing users to pay for their devices in advance, upgrade to newer models early, or retain their devices after the lease ends. In some cases, early transactions may incur additional fees. Similar to car rental models, users can also return the devices at the end of the lease period. The lease term for iPhones and Apple Watches is 24 months, while for Macs and iPads it is 36 months.Apple (AAPL.O) has partnered with Klarna to launch an "upgrade" device rental program.July 21 – NVIDIA (NVDA.O) announced that its latest generation Vera Rubin chip architecture is being delivered to customers, helping to solidify its leading position in the industry. Ian Buck, NVIDIA Vice President and General Manager, stated that computing systems based on Vera Rubin technology have been delivered to major AI companies and are in the deployment phase. “We are now fully in mass production, and all major customers are deploying related systems.”Apple (AAPL.O) plans to launch an “upgrade” device rental program in the United States on July 28.

Gold Price Forecast: XAU/USD views $1,800 as upbeat US labor market fuels hawkish Fed wagers

Alina Haynes

Mar 09, 2023 13:55

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Gold price (XAU / USD) appears vulnerable above $1,810.00 as the upside appears constrained by rising Federal Reserve rate expectations (Fed). The precious metal is anticipated to resume its decline as strong United States Employment data reported by Automatic Data Processing (ADP) has confirmed that January's strong consumer spending and higher payrolls were not a one-time blow to the Consumer Price Index's decline (CPI).

 

S&P500 futures have given up the slight gains they made on Wednesday during the Asian session. As China's CPI and Producer Price Index (PPI) figures indicate deflation, the risk-aversion theme has intensified. The US Dollar Index (DXY) has maintained a sideways trend above 105.20 as investors await the publication of US Nonfarm Payrolls (NFP) data for fresh direction signals. The alpha provided by 10-year US Treasury bonds has risen above 3.98 percent.

 

The official US Employment data is expected to indicate a decline in the payrolls to 203K from the former release of 514k. A figure of 203K is not as terrible as January's 514K figure, but it appears insignificant in comparison. Investors should be aware that a figure of 514K in the last seven months was exceptional.

 

Aside from that, it is anticipated that the unemployment rate will remain at a multi-decade low of 3.4%. The Average Hourly Earnings are expected to ascend to 4.8% on an annual basis. Household income may increase consumer expenditure. Jerome Powell, the chairman of the Federal Reserve, has already confirmed that the Fed will increase interest rates in order to reduce inflation.


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