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Apple Intelligence Fails To Ignite "Upgrade Activity," UBS Says
Apple Intelligence Fails To Ignite "Upgrade Activity," UBS Says
Apple Intelligence is not yet moving the needle or exciting the customer base the way Wall Street had expected when analysts pitched AI as the spark for a new iPhone upgrade supercycle. That narrative continues to sputter.
UBS analysts, citing their latest Evidence Lab survey of more than 7,500 smartphone users across five major markets, found that Apple's AI features are "not driving upgrade activity," with the share of respondents saying they would upgrade sooner for Apple Intelligence falling to about...
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Jun 29, 2026 / Tyler Durden
Supreme Court: Lisa Cook Keeps Job - For Now, Lets Trump Fire FTC Commissioners
Supreme Court: Lisa Cook Keeps Job - For Now, Lets Trump Fire FTC Commissioners
The Supreme Court on Monday handed President Trump a significant defeat - ruling 5-4 that his attempt to fire Federal Reserve Governor Lisa Cook was procedurally invalid and that the Fed's century-old independence from presidential removal-at-will remains constitutionally intact. That said, it isn't over for Cook - as the Court said she can stay in her job for now - while she fights in lower courts against Trump's bid to oust her over allegations of mortgage fraud.
In a majority opinion...
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Apr 11, 2026 / Tyler Durden
Sotomayor Blames Colleagues For Flood Of Emergency Appeals
Sotomayor Blames Colleagues For Flood Of Emergency Appeals
Authored by Jackson Richman via The Epoch Times,
Justice Sonia Sotomayor said a surge in emergency appeals to the Supreme Court is largely the court’s own doing.
“We’ve done it to ourselves,” she said during an April 9 event at the University of Alabama School of Law.
She said that the volume of emergency filings has reached levels never seen before in the court’s history.
Over the past 15 months, the Trump administration submitted about 30 emergency requests to the court, succeeding in more than 80...
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Apr 22, 2026 / Tyler Durden
Solid 20Y Auction Stops Through With Above Average Foreign Demand
Solid 20Y Auction Stops Through With Above Average Foreign Demand
The week's lone coupon auction priced at 1pm when the Treasury sold $13 BN in 20Y paper, in a solid if not stellar auction.
The auction stopped at a high yield of 4.883%, up from 4.817% in March and the highest since last July. It also stopped through the 4.892% When Issued by 0.9bps, the highest since January.
The bid to cover was 2.68, down from 2.76 in March but above the 2.63 six-auction average.
The internals were also solid with Indirects taking...
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