🚀 Apple Announcement Summary

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Market Overview
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Year To Date Performances:

1. Apple’s big fall launch introduced new iPhones, Apple Watches, and AirPods, all arriving Sept. 19 alongside iOS 26. The headliner is the iPhone 17 Air, a thinner, lighter model built with a titanium body, starting at $999. The entry-level iPhone 17 stays at $799 but now sports a bigger display with faster refresh and upgraded cameras, while the Pro line jumps $100 to $1,099 but doubles its base storage to 256GB. The Pro Max holds its $1,199 starting price but now comes with a new 2TB top-end option. AirPods Pro 3 ($249) promise better sound, noise cancelling, and even real-time language translation, while Apple Watch Series 11, including updated SE and Ultra versions, adds a machine learning tool to detect high blood pressure risks, with no change in pricing.

2. Oracle shares surged 27% in after-hours trading on Tuesday, not on earnings, which slightly missed Wall Street estimates, but on the sheer scale of its cloud growth projections. The company reported a 359% jump in remaining performance obligations to $455 billion, inked multibillion-dollar deals with OpenAI and others, and now forecasts cloud infrastructure revenue will soar from $10.3 billion this year to $144 billion by 2030. Investors largely shrugged off flat profits and weaker-than-expected sales, betting instead on Oracle’s AI-fueled partnerships, access to Nvidia GPUs, and new Oracle AI Database service that will let clients run OpenAI models on their own data. The rally puts Oracle on track for one of its best days since the dot-com boom and within striking distance of an $800 billion market cap.

3. Norway’s $2 trillion sovereign wealth fund is making another big bet on Manhattan real estate, announcing a $542.6 million purchase of a 95% stake in an office tower at 1177 Avenue of the Americas. The 1 million-square-foot property, valued at $571.1 million, will be acquired through a joint venture with Beacon Capital Partners, which will retain a 5% stake and oversee management. The sellers are California State Teachers’ Retirement System and Silverstein Properties, who jointly owned the building. Though the fund’s primary focus remains equities, with major stakes in Apple, Nvidia, Tesla, and TSMC, about 2% of its holdings are in real estate, including high-profile New York properties like Times Square Tower and Madison Avenue offices. Globally, Norges Bank Investment Management has property investments in 15 countries, and earlier this year it committed nearly $1 billion to prime London and European real estate, underscoring its strategy of anchoring long-term wealth in blue-chip global assets.

   Headlines

   1. JPMorgan is warning that the economy is weakening and faces significant hurdles in the coming months.

   2. Real estate prices in San Francisco, New York, Seattle and Washington, DC are seeing significant increases attributable to the rising salaries for AI talent.