Stocks rise as Big Tech offsets oil stock slide
U S stocks closed higher led by Apple and Meta Platforms as the Magnificent Seven weigh on profits. The S&P 500 gained 0.3 percent, the Dow rose 0.6 percent, and the Nasdaq added 0.3 percent as oil and gas shares fell after crude dropped sharply. Exx on Mobil and ConocoPhillips declined, while Brent and U S crude retreated, amid Middle East tensions and election‑year jitters.
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Florida tourism push after hurricanes Helene Milton
Florida tourism officials urge visitors to aid recovery by traveling to the gulf coast while many beaches remain closed and debris lines streets. Visit St. Pete Clearwater reports 80 percent of hotels and businesses open as lifeguards and beach operations resume in Clearwater. The campaign by Visit Florida plans 5.7 million in phases highlighting untouched and affected areas across the state to boost recovery.
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Apple launches iPhone 16 with first AI features
Apple releases iOS 18 with on device AI for iPhone 16 lineup and older Pro models. The move follows chip availability and testing with iPhone owners, as Apple markets its AI as Apple Intelligence while targeting privacy with on device processing. Worldwide demand and shipments rose as Android rivals offered similar features earlier.
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Boeing to raise up to 19 billion amid strike and debt load
Boeing plans a stock offering of 90 million in common shares and five billion in depositary shares to raise up to 19 billion. The move aims to improve liquidity as a six week strike halts production and the firm reports a third quarter loss of over six billion dollars. Fitch notes the offering boosts debt repayment and financial flexibility while labor talks continue.
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