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Tech News
Apple's first foldable phone, the iPhone Duo, went up for preorder Friday starting at $1,999 and exceeding $3,000 for the 2TB model. Apple said demand was 'extraordinary,' with launch-day pickup inventory gone and some online delivery dates pushed into late January.
The IMF's latest Global Financial Stability Report identifies three risks that could trigger a sharp tightening of financial conditions: a correction in AI-related asset prices amplified by leverage, a jump in sovereign bond yields from inflation or fiscal strain, and growing cyberattack threats. The fund also points to vulnerabilities among weaker banks, insurers, pension funds, private credit, hedge funds and emerging markets that could turn market stress into a systemic crisis.
CoreWeave's stock has fallen more than 25% over the past week as investors grow wary of the company's debt load and the broader 'neocloud' business model. The decline comes amid a wider pullback in AI-related stocks this week, driven by growing market anxiety over heavy spending in the sector.
Anthropic reportedly briefed prospective investors in San Francisco that its revenue rose 45% to $16.8bn in the three months ending September, up from $11.6bn in the prior quarter and $4.7bn at the start of the year. The AI company, maker of Claude, is said to have posted a profit for a second consecutive quarter as it prepares for a stock market listing expected before year-end.
Anthropic reported quarterly revenue of nearly $17 billion, a 45% increase, according to information shared with public-market investors on Wednesday. The meeting came as the company prepares for a planned initial public offering next month.
Apple's stock rose 0.5% to close at $342.96, pushing its market valuation to $5.01 trillion, the first time the company has ended a trading day above that threshold after six prior intraday crossings. The close came even as most major tech stocks, including Oracle, Meta, Nvidia, Microsoft, Amazon and Google, finished the day lower.
Apple's stock closing price pushed its market valuation past the $5 trillion threshold. Separately, Ukraine reported that new restrictions on Starlink access have disrupted its military operations, and OpenAI alleged that a former employee took confidential files to Apple.
KFF Health News documented cases of people suffering serious side effects after using gray-market peptides like BPC-157, sold as research chemicals rather than approved drugs. One user, Dylan Meetze, reported months of fatigue, anxiety and muscle spasms after nasal use for weightlifting performance; another, identified as Dominik E, described facial numbness and two months of migraines after combining BPC-157 with TB-4.
Retatrutide, an experimental weight-loss drug not yet approved by any regulator, is reportedly being sold through unregulated channels alongside other peptides. Companies are distributing the compound outside normal pharmaceutical oversight, raising concerns about product safety and quality control.
Tesla is expected to debut a production-ready version of the next-generation Roadster at an event in Waco, Texas, nearly ten years after Elon Musk first announced plans for the car. Musk has claimed the Roadster will accelerate from 0-60mph in under two seconds, hit a top speed above 250mph, and offer an optional SpaceX-designed thruster package. Several early reservation holders, including Sam Altman and Marques Brownlee, had already canceled their orders, assuming the car would never ship.
Multiple countries, including Germany and New Zealand, are reporting record shares of electric vehicles in new car sales. The surge coincides with rising oil prices tied to the conflict involving Iran that followed U.S. military action, which has pushed gasoline costs higher in many markets.
IDC reports China's overall smartphone shipments fell 15.4% year-over-year in Q3 2026, with Apple's iPhone shipments down 4.3% but its market share rising to 17.8% from 15.8% a year earlier. Huawei posted the strongest results, growing shipments 17.3% year-over-year to capture 21.1% share, while Wiko's shipments collapsed 74%.