WS #12074
US June CPI rose 3.5% YoY vs 4.2% prior, core CPI 2.6% vs 2.9%, providing relief for markets and reducing pressure on Fed to hike. IBM shares plunged ~24% after preliminary Q2 results missed expectations, citing customer shift to AI infrastructure. Apple launches iOS 27 public beta with Siri AI; Morgan Stanley estimates iPhone 18 could see $200 price increase.
Cooler US CPI Data
US June CPI rose 3.5% YoY vs 4.2% prior, core CPI 2.6% vs 2.9%, providing relief for markets and reducing pressure on Fed to hike.
IBM shares plunged ~24% after preliminary Q2 results missed expectations, citing customer shift to AI infrastructure.
Apple launches iOS 27 public beta with Siri AI; Morgan Stanley estimates iPhone 18 could see $200 price increase.