Apple notches biggest gain since July on anticipation of next iPhone

  • Shares of Apple soared Monday, as investors looked ahead to the company’s product launch that’s expected to reveal new iPhones.
  • It marks the biggest gains for the company since July 31, when Apple’s stock closed up 10.47% due to its blowout third quarter.



a man wearing glasses using a cell phone: A Chinese customer looks at a phone at the official opening of the new Apple Store in the Sanlitun shopping area on July 17, 2020 in Beijing, China.


© Provided by CNBC
A Chinese customer looks at a phone at the official opening of the new Apple Store in the Sanlitun shopping area on July 17, 2020 in Beijing, China.

Shares of Apple soared 6.35% on Monday, as investors looked ahead to the company’s product launch that’s expected to reveal new iPhones.

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It marks the biggest gains for the company since July 31, when Apple’s stock closed up 10.47% after reporting a blowout quarter.

Apple is expected on Tuesday to reveal the first major redesign of the iPhone’s exterior since 2017. The company is also likely to release four separate iPhones at different

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QAnon still rampant on Twitter despite July takedown

In its broad strokes, these findings do not deviate significantly from Twitter’s public portrayals of the effects of its move against QAnon, which came after more than 2 1/2 years of mounting evidence about the hateful, violent nature of the conspiracy theory and its penchant for sparking real-world crimes. The House of Representatives voted Friday to condemn QAnon.

Twitter has said it sought to eliminate accounts committing violations against its rules on harassment, hate speech and incitement to violence but also wanted to allow QAnon supporters to continue operating on the platform — albeit with new restrictions — so long as they followed platform policies. Overall, the company says its action caused discussion of the conspiracy theory to fall by more than half.

The researchers, however, found troubling evidence that Twitter has not yet done enough and that the conspiracy theory continues to “persist and expand” on the site, said

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Judge suggests Apple vs Epic should go to jury, trial expected in July 2021

During Monday’s hearing for Epic and Apple’s legal battle over the App Store and “Fortnite,” the judge suggested that the public’s opinion is important, with the matter otherwise penciled-in for a July bench trial.

Towards the end of a virtual hearing on Monday morning at the US District Court for the Northern District of California, Judge Yvonne Gonzalez Rogers told the legal teams of Epic and Apple that it would be worth considering having the trial with a jury to weigh in on the “Fortnite” saga”Fortnite” saga.

While a trial such as this could be handled by a judge or a group of judges, Rogers proposes it may be suitable for regular people to weigh in on the matter as a jury.

“They are important cases on the frontier of anti-trust law,” said Rogers, pointing out how major the case could be. However, Rogers also suggests the opinions

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S&P 500 closes at lowest level since July as tech shares fall anew

Stocks accelerated losses into the close, erasing earlier gains and ending an advance that began on Tuesday. The S&P 500, Dow and Nasdaq each had their worst day in two weeks.

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The S&P 500 sank more than 2%, led by a drop in the energy and information technology sectors, to close at its lowest level since the end of July. The Nasdaq’s more than 3% decline brought the index down also to near a two-month low.

The Dow fell to its lowest close since the beginning of August, even as shares of component stock Nike (NKE) climbed to a record high after reporting quarterly results that far surpassed consensus expectations. However, the increase was offset in the Dow by declines in tech names including Salesforce and Apple.

Shares of Stitch Fix (SFIX) sank more than 15%, after the digital personal styling service posted a wider than expected quarterly

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