Business

Apple AAPL shares declined about 2% on Monday after Jefferies downgraded the stock, citing concerns that the company’s rumored all-glass iPhone project has been scrapped, raising fresh questions about its ability to drive higher-priced device sales amid rising component costs. Jefferies analyst Edison Lee lowered his rating on Apple to Underperform from Hold and reduced

Crude oil prices rose on Hyperliquid as Iran issued a list of demands for reopening of the Strait of Hormuz. WTI perpetual futures jumped to $77.67, while Brent, the global benchmark, soared to $83. This rebound may continue in the new week as tensions between the US and Iran remains. Iran has issued a list

Retail crypto trading has cooled, but the dollar-pegged tokens underneath it are having their best year. “In the past 12 months, there’s been over 300 million unique users of stablecoins, which is an absurdly high number,” said Patrick Kim of the analytics firm Artemis. “If you told this to someone five years ago, they would