Apple Unveils First Foldable iPhone Amid Market Volatility and U.S. Treasury Bond Buybacks
Apple introduced its first foldable smartphone, the $1,999 iPhone Duo, alongside updated iPhones, watches, and AirPods during a product launch event in Cupertino on September 9, 2026. The device has drawn attention for features like dual screens and a titanium case but also scrutiny over visible creases when folded. The U.S. Treasury announced it would triple its bond buyback to $6 billion, focusing on long-dated notes such as the 10- and 20-year bonds. This move aims to stabilize debt markets amid rising yields that have reached levels not seen since before the 2008 financial crisis. Meanwhile, global oil prices climbed with Brent crude settling above $100 a barrel and West Texas Intermediate reaching $96.05 per barrel. Additionally, President Donald Trump’s energy portfolio increased in value by an estimated $1.5 million due to market fluctuations linked to geopolitical tensions.
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