economy
CNBC Daily Open: Tim Cook's last WWDC, tech IPOs and Middle East tensions
Tensions in the Middle East still continue to simmer as Israeli Prime Minister Benjamin Netanyahu warned the war "has not yet ended"
TL;DR
- Tim Cook's last WWDC as Apple CEO featured the rebranding of its virtual assistant to Siri AI and enhanced customization for the Liquid Glass interface.
- OpenAI has confidentially filed for an IPO with the SEC, following Anthropic, and SpaceX is also set to be listed.
- Middle East tensions persist as Iran and Israel exchange threats, leading to higher oil prices.
- China's reduction in crude imports is helping to contain oil price rises.
- The U.S. has expanded its list of Chinese companies believed to be aiding Beijing's military, impacting future contracts.
- Global airlines are projected to see profits halve by 2026 due to a significant increase in jet fuel costs.