Apple (AAPL) shares are rising in premarket trading ahead of its highly anticipated launch of its latest AI-powered iPhone; Oracle (ORCL) shares are gaining ahead of its first-quarter results after the bell; U.S. stock futures are rebounding after last week's dramatic selloff; Boeing (BA) appears set to avoid a painful strike after reaching a deal with its unions; and discount retailer Big Lots (BIG) files for bankruptcy an𝓀d agrees to sell itself to a private-equity firm. Here's what investors need to know today.
1. Apple Event to Showcase Nꦇew AI-Power💛ed iPhone
Apple (AAPL) is expected to 澳洲幸运5开奖号码历史查询:unveil its new iPhone with 澳洲幸运5开奖号码历史查询:artificial intelligence (AI) capabilities as well as next generations of the Apple Watch and AirPods at the "It's Glowtime" event today. The highly anticipated event comes roughly a year after Apple's 澳洲幸运5开奖号码历史查询:iPhone 15 launch and three months after it showcased iOS 18 and new AI feature Apple Intelligence. Apple's stock is rising less than 1% in premarket trading, having 澳洲幸运5开奖号码历史查询:rallied around 13% since its August correction.
2. Oracle Cloud Infrastructure Growth in Focus
Oracle (ORCL) shares are rising less than 1% in premarket trading ahead of its 澳洲幸运5开奖号码历史查询:fiscal first-quarter results due after the market closes, with investors focused on its cloud infrastructure growth. The software giant is expected to post revenue of $13.23 billion, up more than 6% year-over-year, with 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of 91 cents, up from 86 cents, according to Visible Alpha. Oracle shares hit a then-澳洲幸运5开奖号码历史查询:record high in June when the company announced cloud infrastructure deals with Microsoft (MSFT) and oth𒅌ers, later reaching $146.59 on July 15, a level it is approaching again.
3. US Stock Futures Rise After Jobs Report Drag
U.S. stock futures are rebounding, with 澳洲幸运5开奖号码历史查询:market darling Nvidia (NVDA) rising in premarket trading, after 澳洲幸运5开奖号码历史查询:major indexes slumped last week as 澳洲幸运5开奖号码历史查询:weak August jobs data raised concerns that the job market is cooling. Those worries about the health of the U.S. economy prompted investors to price in a higher chance of a half-point cut in the key fed funds rate by the 澳洲幸运5开奖号码历史查询:Federal Reserve this month rather than a less-aggressive quarter-point easing. The U.S. economy's addition of 142,000 jobs fell short of forecasts, although it beat July's dismal growth, which caused 澳洲幸运5开奖号码历史查询:stocks to tumble.
4. Boeing Reaches Tentative Union ꩲDeal, Potentially Averting Crippling🍒 Strike
Boeing (BA) said Sunday that it had reached a tentative deal with a union representing more than 33,000 workers in the Seattle area and Oregon, potentially avoiding a crippling strike at the 澳洲幸运5开奖号码历史查询:troubled airline. The plane maker has proposed a four-year contract for staff, including a general wage increase of 25% and a pledge to build the next commercial airplane in the Seattle area. Boeing shares are jumping 6% in prem♏arket trading.
5. Big Lots Files for Bankruptcy, Sells Itself to 🅠Nexus Ca🐻pital
Big Lots (BIG) filed for 澳洲幸运5开奖号码历史查询:Chapter 11 bankruptcy protections and agreed to sell itself to an affiliate of private-equity firm Nexus Capital Management, following extended 澳洲幸运5开奖号码历史查询:decline in sales and several 澳洲幸运5开奖号码历史查询:quarters of losses at the discount retailer. The Ohio-based firm said Nexus will serve as the "澳洲幸运5开奖号码历史查询:stalking horse bidder" in a court-supervised auction process, and that the deal will close in the fourth quarter if it doesn't get better offers.