economy
March 2, 2026
Apple's New Budget Version of its iPhone 17 is a Positive for Investors
Every weekday, the Investing Club releases the Homestretch, an actionable afternoon update just in time for the last hour of trading.
TL;DR
- Markets opened volatile due to Middle East conflict and rising energy prices, but showed an orderly pullback.
- Apple launched the iPhone 17e, a budget-friendly model starting at $599, and updated iPad Air models with M4 chips.
- These Apple releases are seen as positive for the stock, potentially expanding its ecosystem and subscription services.
- David Foster has been named the new CFO of Eaton, coming out of retirement to replace Olivier Leonetti.
- Eaton is undergoing significant changes, including the acquisition of Boyd Thermal and the separation of its Mobility business.
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