CNBC Daily Open: Apple's new iPhone bends. Bond vigilantes, not so much
Loads of new features, but guess what people were looking for? The crease, and how visible it is.
TL;DR
- Apple launched its first foldable iPhone, the iPhone Duo, with a focus on its screen crease by consumers.
- The iPhone 18 Pro and Max see a $100 price increase, while the iPhone Duo starts at $1,999.
- The U.S. Treasury announced it will buy up to $6 billion in bonds, tripling the normal amount, to manage Treasury yields.
- Rising oil prices pushed stocks down, with Brent crude crossing $100 a barrel.
- Donald Trump's energy holdings reportedly gained $1.5 million during his administration's wartime directives.
- An AI researcher resigned from Anthropic, warning of existential risks posed by rapid AI development from companies like Anthropic and OpenAI.