Apple and Huawei’s launch race
Description
Apple’s new iPhone 16 launch fails to send stocks higher, as investors and customers must wait for full AI features. Meanwhile, rival Huawei secures more than 3 million pre-orders for its new tri-fold phone. U.S. equities rebound from its worst week of the year, as soft-landing hopes boosts the S&P 500 to its biggest daily jump in three weeks. Also in China, export data exceeds forecasts, while imports declined near the flatline amid low domestic demand. In the U.S., Kamala Harris and Donald Trump get ready to face off in their first presidential debate, as polls show a neck-to-neck Presidential race. Global dividends hit a fresh record in the second quarter, as more firms are either raising payouts or maintaining them, according to Janus Henderson.
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