|Day's range||7.05 - 7.90|
Forget your credit card on your next Panera Bread run? No worries, you'll soon be able to pay with the palm of your hand.
Tim Cook has praised Apple’s symbiotic relationship with China despite rising trade and geopolitical tensions between Beijing and the US, and the iPhone maker’s own moves to diversify from the country. In his first visit to China since the pandemic began in 2020, the Apple chief said the company would this year celebrate its 30th anniversary in the country that makes the vast bulk of its iPhones. “We could not be more excited,” Cook said at the China Development Forum in Beijing, the country’s version of Davos, which Beijing is holding offline for the first time since the pandemic began.
The current environment in the banking industry has left a lot of investors concerned and confused. Bank stocks generally do well when interest rates are rising, particularly when the economy is not in a recession. In recent weeks, three banks -- SVB Financial's Silicon Valley Bank, Signature Bank, and Silvergate Capital -- have failed or collapsed.