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Stay informed with the latest developments in the financial markets.

US industrial production grows 0.7% in January, exceeding expectations

The Federal Reserve reported a 0.7% increase in US industrial production for January, surpassing economists' expectations of 0.4%. Manufacturing activity rose by 0.6%, indicating robust economic growth despite previous concerns over AI's impact on industries.

Apple shares jump over 3% amid AI wearable device development

Apple's stock rose more than 3% following reports that the company is accelerating development of AI-powered wearable devices, including glasses, a pendant, and AirPods, aiming to compete with Meta and OpenAI in the wearable tech market.

US stocks edge higher as AI concerns ease; Fed minutes awaited

US stocks rose as investor concerns over AI's impact on industries diminished. The S&P 500 added 0.8%, the Nasdaq Composite gained 1.1%, and the Dow Jones Industrial Average increased by 0.4%. Investors are awaiting the Federal Reserve's minutes for insights into interest-rate cuts.