McCarthy Opens Impeachment Inquiry Into Biden
House Speaker Kevin McCarthy directs the House to launch an impeachment inquiry into President Joe Biden over his family's business dealings. The move, driven by concerns of abuse of power and corruption, proceeds without a formal vote and faces uncertain GOP support amid looming government funding deadlines.
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Kevin McCarthy
Joe Biden
Hunter Biden
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Oversight Committee
White House
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Apple unveils new iPhone lineup with USB-C switch
Apple introduced the iPhone 15 family at its Cupertino campus, highlighting USB-C charging, a Dynamic Island display, faster chips, a new 7‑lens camera system on the Pro models, and price increases for the iPhone 15 Pro Max to 1200 dollars while basic models start at 800 dollars. Pre-orders begin this Friday with in-store availability September 22.
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Apple
Samsung
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Wall Street falls as tech leads stock retreat
Wall Street drifted lower on Tuesday with the S&P 500 down 0.6 percent to 4,461.90 and the Dow off 0.1 percent to 34,645.99 while the Nasdaq slipped 1 percent to 13,773.61. Oracle declined 13.5 percent after quarterly revenue fell short of expectations, despite profit beating estimates, and Apple slid 1.8 percent after unveiling new iPhone models amid a stretched run this year. Alphabet dropped 1.2 percent as a Google antitrust trial opened, with the government accusing Google of abusing its dominant search position. Oil producers rose, led by ExxonMobil up 2.9 percent and Occidental Petroleum up 4.1 percent, as oil prices climbed. The market awaits inflation data and other reports this week that could shape Fed policy.
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Google paid over 10 billion yearly to secure search dominance
The U S Department of Justice argues Google uses its dominance to thwart rivals by paying billions annually to remain the default search engine on iPhone and major browsers. The trial, led by Judge Amit Mehta, begins with testimony from Alphabet executives and possibly Sundar Pichai and Eddy Cue.
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Department of Justice
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the Market IN Review
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