Apple Cuts iPhone Orders, SpaceX Targets Spectrum Deal
Stock index futures rose as Wall Street sought to regain momentum following a decline in the AI trade on Thursday. Among key developments, Apple reportedly reduced its orders for iPhones from manufacturers, signaling potential shifts in demand or production planning ahead of new product launches. Meanwhile, SpaceX is aiming to secure a spectrum deal that could support its Starlink satellite broadband service and expand its global connectivity ambitions. These moves reflect broader trends as tech companies adjust strategies amid evolving market conditions and regulatory landscapes. Investors are closely watching these developments for clues on how major players in the technology sector will navigate current economic pressures.
Topics: AI trade pressure stock index futures U.S.-India labor relations