BusinessTechnology

Apple Shares Reach Record Peak as iPhone 17 Demand Exceeds Expectations

Apple Inc.’s stock surged to a new all-time high, reaching approximately $263 per share. The rally follows optimistic third-party sales reports and a brokerage upgrade citing sustained growth potential through 2027.

Apple Stock Achieves Historic Milestone

Apple’s share price reportedly climbed to unprecedented levels, hitting around $263 in recent trading according to market data. This surpasses the previous peak of $258.10 recorded last December, with analysts suggesting the momentum could continue throughout the trading session.

Arts and EntertainmentBusiness

Former Meta Executive Warns of Potential AI Market Correction Amid Investment Frenzy

Former Meta executive Nick Clegg has raised concerns about the artificial intelligence sector potentially heading for a correction. According to his analysis, the AI industry displays several characteristics of a market bubble with “unbelievable, crazy valuations” emerging from intense corporate competition.

AI Investment Boom Shows Signs of Potential Correction

Former Meta Platforms executive Nick Clegg has warned that the artificial intelligence sector may be headed for a market correction, citing what he describes as bubble-like characteristics in current investment patterns. According to reports, Clegg stated during a CNBC interview that the race among companies to dominate AI has resulted in “unbelievable, crazy valuations” that could prove unsustainable.

International Business and TradePolicy

Small Businesses Struggle Under Tariff Burden as Economic Warning Signs Emerge

Small business owners are reportedly taking out high-interest loans and raising consumer prices to manage increased tariff costs. Economists suggest these struggles could signal broader economic challenges ahead as companies navigate trade policy changes.

Small Business Financial Strain Under Trade Policies

According to reports from CNBC, numerous small businesses are facing significant financial pressure due to recent trade policies implemented by the Trump administration. Sources indicate that companies like AV Universal Corp., which imports footwear from India, have seen tariff bills increase from approximately $7,500 to requiring $250,000 loans to cover import costs.