Apple Unveils iPhone Duo as US Treasury Triples Bond Buybacks
· Business · CNBC, MacRumors
Apple introduced its first foldable smartphone, the $1,999 iPhone Duo, alongside the iPhone 18 lineup during an event in Cupertino, California. Meanwhile, the U.S. Treasury announced it would triple its long-dated bond buybacks to $6 billion in an operation aimed at supporting government debt market liquidity and managing yields. Energy markets also saw movement as Brent crude settled above $100 a barrel and West Texas Intermediate reached $96.05 amid ongoing regional conflicts. Additionally, a CNBC analysis revealed that U.S. President Donald Trump's energy portfolio increased in value by up to $4.4 million over a six-month period.
Why it matters
Global markets are navigating intersecting pressures from high oil prices, aggressive U.S. fiscal interventions, and major hardware launches from tech giants like Apple.
Read the original report — CNBC
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