5 things to know before the stock market opens Wednesday
CNBC • • business
Key Points:
- Apple is holding its annual product event today, expected to debut its first foldable iPhone and possibly raise product prices; this event also marks the debut of new CEO John Ternus.
- Brent crude oil prices have surged above $100 per barrel amid escalating conflict with Iran, leading to significant stock market declines and increased inflation concerns.
- The U.S. has imposed new import bans on certain Canadian goods and sanctioned 27 Iranian airlines as part of ongoing economic measures tied to trade disputes and geopolitical tensions.
- Meta launched its new AI-powered personal assistant app, Muse, available via free and subscription tiers, amid scrutiny over privacy and pressure to monetize its AI investments.
- Former President Donald Trump’s largest oil and gas investments have increased by an estimated $1.5 million to $4.4 million since the Iran conflict began, with trading continuing during volatile market days.
