Apple

The S&P 500 closed at a fresh all-time high of 7,209.01, buoyed by strong earnings from Apple and Alphabet. Meta Platforms dropped 8.6% on capex concerns, while oil prices fell amid Iran negotiations.

Apple is reportedly testing four different smart-glass designs with premium materials, as the company prepares for AR glasses public reveal by end of 2026 and consumer availability in 2027. Meanwhile, Meta cuts Ray-Ban prescription glasses to $499, intensifying competition in wearable AI.

Apple is pivoting its AI strategy toward an App Store search-like platform, discontinuing the Mac Pro and focusing on Mac Studio, as rare employee bonuses signal a major strategic shift toward core hardware and services.

Apple has hired former Google executive Lilian Rincon to lead AI product marketing as it races to revamp Siri and reset its artificial intelligence strategy against competition from Google and OpenAI.

Apple has launched Apple Business, a free hosted email, calendar, and directory platform for up to 500 users, directly challenging Google Workspace and Microsoft 365 in the enterprise productivity market.