Apple Hits All-Time High on iPhone 17 Sales (And Gold Won't Stop Climbing)
Apple shares rally to all-time highs after iPhone 17 sales data shows strong start in U.S. and China, helping lift broader market over 1%. General Motors crushes earnings expectations and lifts guidance while saying tariff impact lower than forecast, sending shares up 8.5%. U.S. and Australia ink $8.5 billion rare earth agreement as Cleveland-Cliffs soars 20% on plans to enter mining business. Netflix set to report earnings with ad revenue expected to double this year as analysts project $11.52 billion in quarterly revenue. Merck announces groundbreaking of $3 billion Virginia pharmaceutical facility creating 500 permanent jobs and 8,000 construction positions. Gold climbs above $4,300 for 49th record close of year, up 68% in 2025, while oil falls into contango signaling weak demand. Weight Watchers surges 9% on Amazon partnership to deliver GLP-1 weight-loss drugs. And Kering agrees to sell beauty business to L'Oreal for $4.66 billion to refocus on luxury fashion brands.
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