Apple’s Star-Studded Lineup ๐ŸŒŸ

Just weeks after announcing a swath of new iPhone and iPad products, Apple got back on the stage today to announce a few more things. ๐Ÿ˜Š The company just released new Airpods, MacBook Pros, and HomePod devices.

The company’s biggest announcement today involved its long-running MacBook Pro series, which have been “completely reimagined,” according to Apple. The laptops will retail starting at $1,999.

The new high-end laptop will run on Apple’s next-gen M1 Pro silicon, a 10-core CPU which is “70% faster than its current M1 chip.”ย  Apple also announced the M1 Max, which will be a higher-end version of the MacBook Pro. It’s even faster than the M1 Pro (which is already stupid fast. ๐Ÿคญ) In fact, Apple calls its latest chips the most powerful chips the company’s ever built.ย 

Apple also rolled out the red carpet for new AirPods, which will sport a new design, spatial audio, and wireless charging. They’ll have six hours of battery life and “more powerful bass” than previous models. ๐ŸŽถ The third-generation AirPods will retail at $179. The entry-level ones will get a price bump to $129.

Naturally, there were a few other things Apple talked up today: a $99 smart speaker called the HomePod Mini and a pretty strange $4.99 “voice plan” for Apple Music. If you’re interested, check out the extended summary from Wall Street Journal.

$AAPL stock got a 1.18% boost today.

AT&T Suffers Major Outage

Those who work at AT&T today did not have a great day, but those who use their services had a pretty good excuse to chill out at work today. That’s because the telecom giant experienced a nationwide cellphone outage that impacted tens of thousands of its customers today. ๐Ÿ“ต

While the nation’s largest carrier said it restored wireless service to all impacted customers by midday, no reason has been given for the outages. With T-Mobile and Verizon’s networks unaffected, regulators quickly questioned whether AT&T experienced a hack or other cyberattack. ๐Ÿ“ก

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Adobe Leads Day Of Breakups

Most of today’s stories were related to hookups in the market, but we also need to touch on some major breakups. ๐Ÿ’”

The first and most prevalent news story was that Adobe and Figma have called off their $20 billion acquisition. The two companies have faced intense scrutiny from European regulators, today saying, “There is no clear path to receive necessary regulatory approvals from the European Commission and the U.K. Competition and Markets Authority.” โŒ

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Musk Threatens Tesla’s AI Ambitions

The primary bull case for Tesla is that it’s not an automobile company but a technology one. Part of the reason it’s able to command such a high valuation relative to its peers is because of that technology’s potential business impact way down the line, especially as it introduces newer developments like artificial intelligence (AI).

However, that bull case is facing an unlikely opposition…from Elon Musk himself. ๐Ÿคฆ

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FanDuel Parent Lists On NYSE

The U.S. “degenerate economy” is getting its latest entrant, with FanDuel parent company Flutter Entertainment making its debut on the New York Stock Exchange (NYSE) today. ๐Ÿคฉ

With that said, the company did not receive the traditional fanfare it would in a standard initial public offering (IPO). That’s because it was listed on the London Stock Exchange (LSE) in May 2019, and its American depository receipts (ADR) have traded over the counter under the ticker $PDYPY for years.

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