Stock Market Winners & Losers: Markets Slide Ahead of Fed Meeting Kickoff | Apple’s Working on a Foldable iPhone
Stocks dipped as investors await the Federal Reserve’s policy meeting, which is expected to introduce an interest-rate cut. The Dow Jones extended its losses for the eighth consecutive day, while the 10-year Treasury yield climbed to 4.42% amid caution about next year’s outlook.
In tech news:
Waymo plans to start testing robotaxis in Tokyo by early 2025, marking its first international move.
TikTok has asked the Supreme Court to block a law that could ban the app, pushing for a hearing before it takes effect on January 19.
Apple is reportedly developing foldable devices, including a large bendy iPhone and a 19-inch foldable laptop. A slimmer, budget-friendly iPhone with a simplified camera could launch by 2026.
The foldable-smartphone market surged 49% in Q1, fueled by brands like Motorola and Huawei.
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