Apple released the iPhone Duo, its first foldable iPhone, on October 23. The device starts at $2,000 and features a 5.4-inch cover screen that unfolds to a 7.6-inch interior display. Both outlets noted the device represents a significant departure from Apple's standard iPhone design and that first-generation tradeoffs are present.
The Federal Reserve is widely expected to raise its benchmark interest rate by a quarter percentage point on Wednesday, which would be the first such increase in more than three years. The move would push the Fed's key rate to a range of approximately 3.75% to 4%. Fed Chair Kevin Warsh is set to hold a news conference following the decision to discuss the outcome and future policy direction.
Elon Musk's X Corp. and SpaceX settled their antitrust lawsuit against Apple in Texas federal court on Monday. Musk moved to dismiss the case with prejudice, and Apple agreed, though neither party disclosed the terms of the settlement. The suit, originally filed in August 2025, alleged Apple gave OpenAI's ChatGPT an unfair competitive advantage.
Elon Musk's X Corp. and SpaceX settled their antitrust lawsuit against Apple in Texas federal court on Monday. Musk moved to dismiss the case with prejudice and Apple agreed, though neither party disclosed the terms of the settlement. The lawsuit, originally filed in August 2025, alleged Apple favored OpenAI's ChatGPT in its App Store and integrated it into iPhone, iPad, and Mac products at the expense of competing AI services including Musk's Grok.
Apple unveiled a foldable iPhone on Wednesday with a starting price of $1,999 in the U.S. market. The announcement was made at a launch event attended by industry observers and press.
Prediction market platform Kalshi announced Monday it has permanently banned former Rep. George Santos and imposed a $71,356 penalty after its compliance department found reasonable cause to believe he engaged in insider trading and price manipulation related to contracts on his attendance at the 2026 State of the Union address. The ban is Kalshi's first-ever lifetime ban; all four other individuals named in Monday's enforcement actions received only temporary suspensions after cooperating with the company's compliance investigation. Santos did not cooperate with the investigation.
The Trump administration announced 50% tariffs on Canadian goods after trade negotiations between the two countries broke down. Canada signaled retaliatory tariff measures of its own in response. The standoff represents a significant escalation in trade tensions between the two neighboring countries.
Bond markets across major financial markets experienced a broad selloff, with yields rising as prices fell. The Wall Street Journal reported on the drivers behind the worldwide bond market decline.
Major record labels filed copyright infringement lawsuits against AI music platforms Suno and Udio in June 2024, alleging the companies trained their models on copyrighted recordings without permission. Universal Music Group settled with Udio in October 2025, Warner Music settled with both Udio and Suno the following month, and Sony's lawsuits remain ongoing. Suno has acknowledged in court filings that its training data included "essentially all music files of reasonable quality that are accessible on the open Internet."
A textile plant in Madison, North Carolina that previously employed 250 workers is being repurposed as an AI data center. WhiteFiber CEO Sam Tabar described former industrial sites as a strategic asset in the AI infrastructure race, citing their existing power connections and structural readiness as advantages over new construction.
Up to 911.5 million SpaceX (SPCX) shares are scheduled to unlock Thursday, more than doubling the number of shares available for public trading since the company's IPO on June 12. SpaceX stock fell nearly 14% on Wednesday, closing at $108.27 — its second-worst day on record — ahead of the lockup expiry. The shares had already fallen roughly 50% from their record high on June 16 and about 20% from the IPO price of $135.
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