Wall Street: Trump's election promises, Apple presents foldable iPhone
The US President is promising a bonus if his party wins the midterm elections. This is fueling deficit concerns. Also: Apple's product presentation meets expectations.
The Wall Street has declined for the fourth consecutive day. US Treasury yields and oil prices are rising, but some investors are disappointed with the volume of announced Treasury buybacks. Trump's promise to pay $5,000 to each adult US citizen if he wins the Republican election has raised concerns about additional deficits. Apple's product presentation met expectations, with the foldable iPhone Duo priced at $1,999 and Pro models increasing by $100.
Taiwan Semiconductor reported 53.3% year-on-year revenue growth in August, while Meta received an upgrade from JPMorgan, which raised its target price to $820.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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