Alibaba launches new Qwen3 AI models for Apple's MLX architecture
The new models would be able to run on a range of Apple devices, including iPhone, iPad, MacBook and Mac, Alibaba said in a post on Wechat.
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Yahoo
an hour ago
- Yahoo
Tesla plans to expand chartered transport service, California regulator says
SAN FRANCISCO (Reuters) -Tesla has told California it would expand operations of a chartered transportation service in the Bay Area, a state regulator said on Friday. The permit does not allow the company to run vehicles autonomously, the California Public Utilities Commission said. The update follows a report that Tesla was preparing to roll out robotaxis in the Bay Area with a safety driver as soon as this weekend. "Tesla is not allowed to test or transport the public (paid or unpaid) in an AV with or without a driver," the CPUC said in an email to Reuters. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Trading day: Ending on another high
By Jamie McGeever ORLANDO, Florida (Reuters) -- TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist I'd love to hear from you, so please reach out to me with comments at . You can also follow me at @ReutersJamie and @ For the S&P 500 and Nasdaq, the week ended on Friday as it began on Monday: new highs on growing confidence that the U.S. will strike favorable trade deals with major trading partners and that tariffs won't choke growth, and optimism around the earnings-boosting power of artificial intelligence. This offset some less encouraging signals from U.S. and European earnings about the impact of tariffs and trade uncertainty. But the bulls are in control, it seems, and markets go into next week's heavy event risk at or near their all-time highs. This Week's Key Market Moves * The S&P 500 gains 1.5%, rising every day of the week, andthe Nasdaq rises 1%. * Intel shares slump 10.4% on Q2 loss. * Japan's Nikkei 225 jumps 4%, getting to within 1% of lastJuly's record high 42,426 points. * Japan's 10-year JGB yield rises 7.5 bps, its biggestweekly rise since May, to a 17-year high above 1.60%. * China's yuan rises to its strongest level of the year,reaching 7.1478 per dollar on Thursday. Ending on another high The week just ended saw a wave of record stock market highs on Wall Street and around the world as investors cheered the US-Japan trade deal and a raft of corporate earnings results. Next week will be packed with even more market-sensitive events. Policy decisions from the Fed and other major central banks, Fed Chair Jerome Powell's press conference, U.S. PCE inflation, earnings from four of the 'Magnificent Seven' tech giants, and Washington's August 1 tariff deadline for most countries await. Meanwhile, U.S. and Chinese officials will meet in Stockholm to discuss extending the August 12 deadline for reaching a trade deal. This will be U.S. Treasury Secretary Scott Bessent's third round of talks with his Chinese counterparts That's a lot to be heaped onto investors' plate, and one wonders how they will digest it all. It wouldn't be a surprise if market volatility picked up from surprisingly low levels - the VIX index is the lowest in five months, and the Treasury market's MOVE index is near its recent three and a half-year low. Meanwhile, demand for U.S. government debt will be tested as the Treasury auctions $173 billion of notes in the 2-7 year part of the curve. Recent auctions of longer-dated bonds have drawn strong demand and foreign private sector investors bought huge quantities of Treasuries in May, which bodes well. But the sales come as Treasury also announces its quarterly refunding plans, a reminder that investors will have around $1 trillion of new debt to absorb by year end, an increasing share of that in bills. Chart of the Week What's driving the rally on Wall Street? Lots of things, including tariff relief, trade deals, and renewed optimism around AI. One potential red flag, however, is the amount of leverage fueling it. Figures from the Financial Industry Regulatory Authority (FINRA) show that margin debt in U.S. stocks has crossed the $1 trillion mark for the first time. This comprises retail and institutional investors, but is thought to be more skewed toward the retail cohort. Of course, investors' margin debt should rise over time in line with inflation and the underlying equity indices. But it's a marker. Here are some of the best things I read this week: 1. How Europe can avoid a transatlantic trade war -Brookings 2. Rethinking the Politics of Money - Katharina Pistor 3. The Case that China is Now Actively Resisting Pressureon the Yuan to Appreciate - Brad Setser 4. Inflation Comes Home to Roost With the Help of Trump'sTariffs - Rebecca Patterson 5. Global Current Account Balances Widen, ReversingNarrowing Trend - IMF's Pierre-Olivier Gourinchas What could move markets on Monday? * India industrial production (June) * U.S. and Chinese officials meet in Stockholm for tradetalks * U.S. Treasury auctions $69 billion of two-year notes and$70 billion of five-year notes Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. Trading Day is also sent by email every weekday morning. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here. (Writing by Jamie McGeever;)
Tom's Guide
an hour ago
- Tom's Guide
iPhone Fold leaker just spilled the beans on screen sizes — and it's worse than we thought
If rumors are to be believed, Apple will finally dive into the foldable phone market in 2026 with the much-rumored iPhone Fold. Rumors have been all over the place when it comes to the the screen size of this unreleased device, but seemed to have settled on around 7.7 inches for the interior panel. That claim was backed up today (July 25) by regular leaker Digital Chat Station, who posted on Weibo that the iPhone Fold would feature a 7.7-inch unfolded screen and a cover display of 5.49-inches. This isn't the first time Digital Chat Station has made that claim, previously saying it came from an iPhone Fold prototype. "The screen size of the first foldable iPhone has been revealed," DCS said in this most recent machine-translated post. "5.5-inch outer screen + 7.7-inch inner screen." They added that the current prototype has shrunk a bit from the February version. It's an iota smaller than recent rumors that had the device featuring a 7.8-inch internal display, similar to numbers from Apple supply chain analyst Ming-Chi Kuo who reported the same measurements back in March. Kuo also believes the phone will measure between 9 and 9.5mm thick when folded and 4 and 4.5mm when opened. While thin, the iPhone Fold would be thicker than the Galaxy Z Fold 7 which measures 4.2mm when unfolded and 8.9mm closed. If those numbers are true it would additionally make Apple's device smaller than a number of the best foldable phones available including Samsung's newly released Fold, which features an 8-inch unfolded screen and a 6.5-inch exterior display. The upcoming Google Pixel 10 Pro Fold — which we're expecting to see at Google's August 20 event — is supposed to feature a 6.4-inch exterior display while retaining the same 8-inch inner screen as the Pixel 9 Pro Fold. The Oppo Find N5 features a huge 8.12-inch inner display alongside a 6.62-inch front screen. Get instant access to breaking news, the hottest reviews, great deals and helpful tips. The iPhone Fold's smaller screen may not be a deal breaker, as rumors hint that Apple is looking for customized display ratio of 4:3, similar to the iPad. This would make the foldable iPhone more familiar to Apple fans who have used iPads before. Plus, Apple is reportedly developing iOS 27 for foldable phones which takes inspiration from the latest version of iPadOS. Apple is years behind its rivals when it comes to foldable phones, but the company is allegedly obsessed with only releasing one once a creaseless display was possible. Reportedly, that finally became possible thanks to a partnership with Samsung Display.
