Apple has released a software update to address overheating issues reported by some early buyers of the iPhone 15 Pro series. Apple Chief Executive Tim Cook sold about $41 million worth of Apple stock after taxes, the largest sale in more than two years.
US stocks close higher Oil prices tumble
Local time on October 4, the three major stock indexes in the United States closed up, as of the close, the Dow rose 0.39% to 33129.55 points, the S&P 500 index rose 0.81% to 4263.75 points, and the Nasdaq rose 1.35% to 13236.01 points.
Big tech stocks rose across the board. Tesla rose about 6%, its biggest one-day gain since late August. Google rose more than 2%, Nvidia, Microsoft, Amazon, Meta rose more than 1%, and Netflix and Apple rose slightly.
Popular Chinese stocks were mixed. Sheng Feng Logistics up 13.82%, Douyu up 6.31%, Sheng Mei Semiconductor up 4.96%, Ding Dong Mai food up 4.23%; In terms of decline, Shuodi Biological fell 7.41%, Genxi biological fell 7.3%, and Big new energy fell 4.45%. China concept new energy vehicle stocks rose across the board, with NIO up 2.5%, Xiaopeng Automobile up 3.1% and Ideal Automobile up 1.53%.
Europe's three major stock indexes closed mixed. Germany's DAX rose 0.1% to 15,099.92, France's CAC40 was flat at 6,996.73 and Britain's FTSE 100 fell 0.77% to 7,412.45.
In commodities, the price of U.S. WTI crude oil futures fell sharply on Wednesday, and hit the lowest closing price since the end of August. West Texas Intermediate (WTI) crude for November delivery fell $5.01, or 5.6 per cent, to settle at $84.22 a barrel on the New York Mercantile Exchange. Based on the most active contract, it was the lowest closing price since Aug. 31.
On the news, according to CCTV news, on October 4 local time, according to the Saudi Ministry of Energy, Saudi Arabia will continue to implement 1 million barrels per day of oil production reduction measures until the end of December 2023.
On April 2 this year, Saudi Arabia announced that it would cut oil production by 500,000 barrels per day from May. On June 4, Saudi Arabia announced after the 35th ministerial meeting of Opec + that it would cut production by an additional 1 million barrels per day for one month in July. Since then, Saudi Arabia has twice extended this additional production cut until the end of September. In September, the Saudi Energy Ministry announced that the kingdom would extend voluntary oil production cuts of 1 million barrels per day, which began in July, until the end of December this year.
Gold futures in New York fell for an eighth straight session and hit their lowest close since March. Gold futures for December delivery fell $6.70, or 0.4%, to settle at $1,834.80 an ounce on the New York Mercantile Exchange.
Apple CEO Tim Cook cashes out $41 million
With Apple's share price falling from a record high, CEO Tim Cook reportedly sold about $41 million worth of Apple stock after taxes, the largest amount in more than two years. According to an Oct. 3 filing with the U.S. Securities and Exchange Commission, Cook sold 511,000 shares.
Analysts pointed out that Cook's sale of a large number of shares could trigger investor concerns and have some impact on Apple's share price.
Apple releases iPhone update
Designed to fix overheating issues
On October 4, Apple released a software update to address overheating issues reported by some early buyers of the iPhone 15 Pro series.
Apple said the update "provides important bug fixes and security updates that address an issue that could cause iphones to operate at temperatures higher than expected." The update also applies to older iphones and ipads.
Apple had previously blamed the fever problem on apps such as Uber, Instagram and the game Asphalt 9, as well as bugs in the iPhone software itself. According to Apple, the new device's Settings can overwork the processor and cause the body to overheat. The company said the software update will not slow down the new A17 Pro chip in the iPhone 15 Pro.
Google unveils Pixel 8
On October 4, local time, Google released the Pixel 8, starting at $699, and the Pixel 8 Pro starts at $999. Both phones are based on TensorG3 chips, which enable Google to use its own artificial intelligence and robotic learning resources in areas such as cameras. Both phones will be available for pre-order on October 4 and will ship/be available on October 12.
Trump appeals ruling in property fraud case
Former US President Donald Trump appealed his ruling in a property fraud case on October 4, CCTV News reported.
It is reported that a New York State court ruled on September 26 that the core allegations of financial fraud by New York Attorney General Letitia James against Trump and others and the Trump Organization for exaggerating the valuation of their real estate assets for financial gain are valid. Judge Ngolon ruled that Trump and his companies had long defrauded banks, insurance companies and other institutions by vastly overvaluing their assets and overstating their net worth on instruments used for transactions and financing.
US House Majority Leader Scalise announces his bid for House Speaker
According to CCTV news, on October 4, local time, Steve Scalise, Republican of Louisiana, the majority leader of the US House of Representatives, announced that he would run for speaker of the House. Scalise is expected to run for speaker with Republican Rep. Jim Jordan of Ohio.
The House of Representatives voted on the 3rd local time to remove the Republican Speaker of the House of Representatives McCarthy resolution, which also marks the first time in US history to be voted out of office Speaker of the House.
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