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Wall St lunacy over world’s biggest company

There has been a dramatic rollercoaster ride on Wall Street after the world’s biggest company dropped its staggering new results.

Latest Tech

Apple’s new CEO expected to reveal the first foldable iPhone

Key developments

• Happening now: Apple’s annual iPhone event has started with the iPhone 18 Pro and Pro Max.

• More to expect: The company is also expected to announce its first foldable phone, marking the biggest change to the iPhone in its nearly 20-year history.

• Apple’s new CEO: This is John Ternus’ first event at chief executive after taking over from Tim Cook earlier this month. He is expected to lay out his vision as the tech giant faces market pressures like the advancing AI race, memory shortages driving up prices, and European regulation.

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Microsoft Is Trying to Shed a Lot of Workers. Just Don’t Call It a Layoff.

The tech giant is offering buyouts to 60,000 employees just as Skydance is also seeking volunteers to leave the company.

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