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5 things to know before the stock market opens
  + stars: | 2024-06-11 | by ( Sean Conlon | ) www.cnbc.com   time to read: +4 min
At Apple's annual Worldwide Developers Conference on Monday, the company unveiled "Apple Intelligence" – its long-awaited AI software. Apple CEO Tim Cook stressed privacy and personalization with the system, moving beyond AI into "personal intelligence." Siri will also be getting some upgrades with Apple Intelligence, and Apple announced that Siri will also be able to tap into ChatGPT when needed through the company's partnership with OpenAI. The activist hedge fund has taken a $1.9 billion stake in Southwest Airlines , which makes it one of the airline's biggest investors. This follows a number of other stakes the firm has built within the past two months, such as a $2.5 billion stake in Texas Instruments, a $2 billion stake in SoftBank and a $1 billion stake in Anglo American.
Persons: Tim Cook, John Giannandrea, Craig Federighi, Nic Coury, Siri, Elliott, Gary Hershorn, it's, Bob Jordan, Gary Kelly, Fred Tanneau, Stephane Bancel, Francis Scott Key, Michael A Organizations: Nasdaq, Dow Jones, Nvidia, Apple, Developers, AFP, Getty, Apple Intelligence, OpenAI, Max, Southwest Airlines, Hollywood International Airport, Corbis, Elliott Management, Texas, Moderna, Afp, Francis Scott Key Bridge, McCoy, Washington Post Locations: Cupertino , California, Fort Lauderdale, Fort Lauderdale , Florida, SoftBank, U.S, Baltimore
The UAE is boosting ties with China's air force. Major General Saleh Mohammed bin Mejren Al Ameri, commander of the UAE's Joint Operations, met with the commander of China's People's Liberation Army Air Force on April 23 to promote closer air force cooperation. Another even speculated Abu Dhabi may eventually seek China's premier stealth fighter: the fifth-generation J-20 Mighty Dragon. I don't see this relationship developing into something similar to what the UAE Air Force has with France or even Russia anytime soon." Furthermore, the Emirati air force fighter fleet is already large for such a small country, making it unlikely the L-15s will serve any combat role.
Persons: , General Saleh Mohammed bin Mejren Al Ameri, China's, Abu Dhabi, Abu, Abu Dhabi's, Ahmed Aboudouh, Aboudouh, Washington's hesitance, Fred Tanneau, Sebastien Roblin, Roblin, haven't, Russia's Su, Robin Organizations: Service, United, Liberation Army Air Force, Dassault Rafales, Chatham House, China Studies Unit, Emirates Policy Center, Rafale, Dassault Aviation, UAE Air Force, UAE, China hasn't, FC, Korea's KF, UAE . The Emirates, KF Locations: UAE, Washington, Beijing, United Arab Emirates, China, United States, Abu Dhabi, UAE's, France, Abu, Russia, Saudi, Pakistan, Ukraine
The business Frank’s International was targeting were contracts to provide Angola’s state-owned oil-and-gas company with tubular services and technology used for drilling offshore deep water wells. Photo: fred tanneau/Agence France-Presse/Getty ImagesFrank’s International NV, a Dutch oil services firm, has agreed to pay $8 million to resolve an investigation into alleged bribery violations by the company’s operations in Angola, U.S. regulators said Wednesday. The company, now part of Houston-based Expro Group Holdings NV, paid commissions to a sales agent who employees in the region knew was likely to use the funds to bribe Angolan government officials, according to the U.S. Securities and Exchange Commission.
For Crémer, the fastest solo woman to complete the around-the-world Vendée Globe race, assuming such a role was never part of the plan. “I had made that promise to myself during the previous Vendée Globe that I wanted to be back.”Return to sailingA lifeline was quick to arrive. On Thursday, Thomson announced that Crémer would skipper the team in its bid to qualify for next year’s Vendée Globe. Thomson celebrates finishing second at the Vendée Globe in January 2017, a few hours after French sailor Armel Le Cléac'h. The next Vendée Globe, which takes place between November 2024 and March 2025, will be the 10th edition of the race.
The surging U.S. dollar is causing havoc in global currency markets and that appears to be spilling into the equity markets. Betting on the dollar The simplest way for investors to benefit from the surging U.S. dollar is to buy ETFs that track currency indexes. Currency hedging strategies For investors who want international exposure in their portfolios, the surging dollar is an even bigger worry. There are many currency-hedged ETFs that have outperformed their un-hedged counterparts so far this year, which could help investors limit the impact of a stronger dollar. There are many currency-hedged ETFs that have outperformed their un-hedged counterparts so far this year, which could help investors limit the impact of a stronger dollar.
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