Tariffs Are 'Wild Card' for Earnings: Empower's Norton
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Yahoo
16 minutes ago
- Yahoo
Apple's iOS 26 brings the most significant change to your iPhone in years
Apple (AAPL) is bringing the biggest changes to the iPhone in years with its upcoming iOS 26 software. I've been using a beta version of the operating system, and while it's taken a bit of getting used to, I generally appreciate the broad-based refresh. Available for download as a public beta on Thursday, iOS 26 brings a new naming convention pinned to the year ahead, in this case 2026, as well as a completely new look and feel. Apple calls the new aesthetic Liquid Glass, owing to its translucent features that make it appear as though light is warping and bending around buttons, sliders, and app folders. Like any major software change, iOS 26 is sure to stir up controversy for some users. Apple has already dialed back the translucence in some menus after early user complaints about readability. But iOS 26 doesn't just come with a stylistic makeover. It also brings improvements to the Phone and Messages apps, as well as Apple's AI-powered Visual Intelligence. There's even a new Games app that acts as a hub for all of your time-killing adventures. But it's hard to imagine iOS 26 boosting iPhone sales, which is Apple's main goal. People generally upgrade their phones based on hardware improvements, like better batteries or enhanced cameras, not new software. Still, iOS 26 could set the table for what is expected to be Apple's foray into superthin smartphones, including, according to Bloomberg's Mark Gurman, an iPhone 17 Air later this fall. That Air will also help guide a future foldable phone, a smaller market dominated by Android device makers like Samsung. That makes getting the software right all the more important as the company prepares for some of the most radical changes to its phones since the iPhone X. Liquid Glass and the new look of iOS 26 Part of Apple's decision to roll out Liquid Glass, the company said, was to create a cohesive look across all of its devices, from the iPhone to the iPad to the Mac. But most users will experience the software on their iPhones. And while it's a big change, it's not as though you'll download the update and have to learn how to use your iPhone from scratch. Virtually all of the menus and apps you're used to are exactly the same. That doesn't mean some folks won't like the new look. I like seeing light move around the app folders on my home screen, even if they're somewhat reminiscent of "Candy Crush" blocks. But after a while, I hardly noticed the change. And for people who aren't fans of the design update, you can still adjust the color and tint of app icons and folders. The lock screen has also been revamped. The time now adjusts to better match your background photo, and you can add a 3D effect to your image. You'll also see an animated album cover image when you're listening to songs with Apple Music+. The FaceTime, Phone, and Messages apps now feature customizable backgrounds, Live Translation, and the ability to poll your friends when you and the gang want to figure out where to grab dinner. Visual Intelligence gets some enhanced options, including the ability to see what's on your screen via screenshots, which you can then use to search for items, images, or text — such as the details of a concert being advertised on Instagram. Take a screenshot of an upcoming sporting event with the date, and Visual Intelligence will automatically ask if you want to add it to your calendar. The Camera and Photos apps are more streamlined as well. Rather than displaying a variety of shooting settings, the Camera app now provides photo and video options at the bottom of the screen. Tap the buttons and swipe to the left and right, though, and you'll find the portrait, slo-mo, and other functions. Apple brought back the tab view for the Photos app, so your photo library and collections now appear separately rather than on a single page. One particularly impressive feature Apple added is the ability for iOS to recognize if a specific photo was taken at a concert. When it does, you'll see a small ticket stub icon at the bottom of the screen. Tap it, and you'll get info about when and where the concert took place, the set the artist was playing, and links to their page in Apple Music. And, mercifully, Apple has made it easier to block spam calls and texts. If your iPhone doesn't recognize an incoming call, it can screen it for you by answering and asking for the caller's name and the reason they're calling. That allows you to choose when you want to answer or ignore a call. Hold Assist also uses Apple Intelligence to put your call on hold when it detects you're waiting to speak to someone. It will then alert you when someone gets on the line, making waiting for your insurance agent to go over your co-pay just a bit less of a burden. Apple's new Games app is also a welcome addition to iOS 26. Serving as a hub for all of your games, the app allows you to play with and against friends and quickly find new titles to help you pass the time. The iOS 26 update includes a slew of other smaller features that will generally make your life a bit easier, including changes to Wallet, Apple Maps, and Apple Music. As for Apple Intelligence, rather than a massive overhaul, the company has sprinkled smaller AI-powered enhancements across a variety of apps, making it feel as though Apple Intelligence is a larger overarching piece of the operating system instead of a singular experience. And in the end, that will likely be more appealing and less confusing for customers. Apple will launch iOS 26 later this fall. You can check out the public beta in the meantime. But if you don't want to risk running into any bugs, it's best to just wait until the full public Daniel Howley at dhowley@ Follow him on X/Twitter at @DanielHowley.
Yahoo
an hour ago
- Yahoo
Bonds Fall on Jobs Strength as Stocks Grind Higher: Markets Wrap
(Bloomberg) -- Treasuries fell as jobless claims hit the lowest since April, underscoring labor-market strength that's keeping the Federal Reserve on hold. Stocks hovered near record highs amid a deluge of corporate earnings. Trump Awards $1.26 Billion Contract to Build Biggest Immigrant Detention Center in US The High Costs of Trump's 'Big Beautiful' New Car Loan Deduction Salt Lake City Turns Winter Olympic Bid Into Statewide Bond Boom Can This Bridge Ease the Troubled US-Canadian Relationship? Bonds dropped for a second day, with 10-year yields rising two basis points to 4.40%. Traders slightly pared bets on Fed cuts, projecting less than two reductions this year. The S&P 500 edged higher, with Alphabet Inc. up and Tesla Inc. down after their results. As European policymakers tempered expectations of policy easing, German bunds slid. The dollar and the euro wavered. Subscribe to the Stock Movers Podcast on Apple, Spotify and other Podcast Platforms. Read: 10-Year TIPS Auction Draws 1.985%, Near WI Yield at Bid Deadline Applications for US unemployment benefits fell for a sixth straight week - the longest stretch of declines since 2022. The characterization of the labor market will be a key feature of next week's Fed meeting. To Bret Kenwell at eToro, while the labor market is not firing on all cylinders, it's not showing signs of distress either. If next week's jobs data give another reassuring nod to the labor market, he says investors may breathe a further sigh of relief. 'There are still few signs of major cracks in the labor market,' said Chris Larkin at E*Trade from Morgan Stanley. 'And if that picture remains intact, the Fed has one less reason to cut interest rates.' President Donald Trump will visit the Fed Thursday to tour the construction site he's criticized for cost overruns amid his escalating attacks on Fed Chair Jerome Powell for not cutting rates. The S&P 500's record-setting spree may be stoking concerns about inflated share prices and a revival of meme-stock froth, but JPMorgan Chase & Co.'s trading desk isn't concerned. Rather, it expects the furious rally in US equities to keep going. 'While bullishness is not yet consensus, client conversations reveal that even those that skewed bearish are throwing in the towel,' the bank's head of global market intelligence Andrew Tyler said Thursday in a note ahead of the market open. Trading desks at firms including Goldman Sachs Group Inc. and Citadel Securities are telling clients to buy cheap hedges against potential losses in US stocks as a slew of risks loom over the market's record advance. US margin debt, a measure showing how much investors are borrowing to buy stocks on the New York Stock Exchange, is starting to run too hot — a potentially concerning sign for the credit market, according to credit strategists at Deutsche Bank AG. The market euphoria may continue if there are unexpected tariff reductions or a more dovish stance by the Fed than investors anticipate, the strategists said. US stocks face near-term risk as the market is too complacent about tariffs and the related backlash, according to BNP Paribas Asset Management strategist Chi Lo. On the trade front, Trump suggested he would not go below 15% as he sets so-called reciprocal tariff rates ahead of an Aug. 1 deadline, an indication that the floor for the increased levies was rising. While some investors are concerned about 'frothiness,' Craig Johnson at Piper Sandler says that, from a technical point of view, that this is not the case when looking 'down-cap' from the heavy-weights in the S&P 500 and Nasdaq indices. 'We believe that this bull market is broadening out in terms of participation,' he said. In a sign of how breadth remains, the NYSE advance-decline line, a popular indicator that tracks the number of securities rising minus the number falling on the exchange each day, hit fresh highs. Corporate Highlights: Elon Musk warned of difficult times ahead for Tesla Inc. following one of the carmaker's worst stretches since it first started producing electric sedans over a dozen years ago. Alphabet Inc. said demand for artificial intelligence products boosted quarterly sales, and now requires an extreme increase in capital spending — heightening pressure on the company to justify the cost of keeping up in the AI race. International Business Machines Corp. reported weaker-than-expected sales in its closely watched software segment, disappointing investors who have grown increasingly optimistic about the business. Microsoft Corp. said a Chinese hacking group is exploiting security vulnerabilities in the company's SharePoint servers to deploy ransomware, following a cyberattack discovered last week that has affected hundreds of entities around the world. UnitedHealth Group Inc. is responding to criminal and civil requests from the US Department of Justice about its Medicare practices, the company said, confirming reports of probes that have added to mounting challenges for the largest US health insurer. Union Pacific Corp., North America's largest railroad, is in advanced discussions with Norfolk Southern Corp. about a potential tie-up in what would be the industry's largest deal ever. LVMH sales fell as shoppers reined in purchases of costly Louis Vuitton bags and Dior jackets, a sign the luxury titan remains stuck in its post-pandemic slump. American Airlines Group Inc. scaled back its earnings outlook amid deep fare discounts offered to woo reluctant travelers back on flights during a slump in consumer demand. Southwest Airlines Co. expects economic turmoil to erase as much as $1 billion of its annual pre-tax profit this year, prompting the US airline to offer shareholders a much-reduced outlook for 2025. Union Pacific Corp., North America's largest railroad, is in advanced discussions with Norfolk Southern Corp. about a potential tie-up in what would be the industry's largest deal ever. The Food and Drug Administration won't sign off on Sarepta Therapeutics Inc. bringing its controversial gene therapy back to the market until the company can persuade US regulators that it won't cause more deaths, according to an official familiar with the situation. Dow Inc. slumped after the chemical company reported its first quarterly loss in five years as trade and tariff uncertainties weighed on volumes. T-Mobile US Inc., the nation's second-largest wireless provider, reported more new subscribers than analysts were expecting in the second quarter, overcoming a sluggish start to the year. Chipotle Mexican Grill Inc. cut its annual outlook for the second time this year, suggesting that honey chicken and burrito giveaways haven't been enough to offset a traffic slump that the company attributed to economic anxiety. Blackstone Inc. reported a 25% jump in distributable earnings for the second quarter, buoyed by profits from its retail and evergreen funds. ServiceNow Inc. gave a strong outlook for revenue growth in the third quarter and touted customer adoption of its artificial intelligence software tools. Roche Holding AG is weighing direct-to-patient drug sales in the US, bypassing the middleman for its pricey medicines for multiple sclerosis, eye disease and cancer. Some of the main moves in markets: Stocks The S&P 500 rose 0.2% as of 1:02 p.m. New York time The Nasdaq 100 rose 0.3% The Dow Jones Industrial Average fell 0.5% The MSCI World Index rose 0.3% Bloomberg Magnificent 7 Total Return Index fell 0.3% The Russell 2000 Index fell 1.1% Alphabet rose 0.7% Tesla fell 9.1% Currencies The Bloomberg Dollar Spot Index rose 0.2% The euro was little changed at $1.1762 The British pound fell 0.5% to $1.3511 The Japanese yen fell 0.2% to 146.87 per dollar Cryptocurrencies Bitcoin rose 0.5% to $118,582.31 Ether rose 3.4% to $3,691.61 Bonds The yield on 10-year Treasuries advanced two basis points to 4.40% Germany's 10-year yield advanced six basis points to 2.70% Britain's 10-year yield declined one basis point to 4.62% The yield on 2-year Treasuries advanced four basis points to 3.92% The yield on 30-year Treasuries was little changed at 4.94% Commodities West Texas Intermediate crude rose 0.4% to $65.48 a barrel Spot gold fell 0.6% to $3,366.73 an ounce Burning Man Is Burning Through Cash Elon Musk's Empire Is Creaking Under the Strain of Elon Musk It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan A Rebel Army Is Building a Rare-Earth Empire on China's Border How Hims Became the King of Knockoff Weight-Loss Drugs ©2025 Bloomberg L.P. 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CNET
an hour ago
- CNET
iOS 26 Public Beta Is Here: Download Apple's Liquid Glass Update Today
If you've been itching to poke around Apple's next big iPhone update, today's your day. Apple just opened the first iOS 26 public beta (July 23) to anyone in its free Beta Software Program, letting everyday users try the new OS months before it ships alongside the iPhone 17 this fall. The public beta follows six weeks of dev-only releases, capped yesterday with developer beta 4. iOS 26 is Apple's most ambitious revamp in years. The entire interface now shimmers with Liquid Glass, a translucent layer that morphs as you scroll, and an updated Apple Intelligence powers live call translation and a souped-up Visual Intelligence search. You'll also see other perks like call screening and personalized text message chats. Before you download, double-check your hardware: iOS 26 needs at least an A13 Bionic chip, so only the iPhone 11 model and newer qualify. Apple Intelligence features stay exclusive to the iPhone 16 line and iPhone 15 Pro and Pro Max. Also remember that it's still beta software. Expect bugs, battery dips and the occasional app crash. You should definitely back up your phone first (better yet, create an archive on your computer), consider installing on a spare device and keep your computer nearby in case you need to roll back to iOS 18. If that sounds good, here's how to install the iOS 26 public beta. Don't miss: Revert Back to iOS 18 From iOS 26 Beta: The No-Stress, Step-by-Step Guide How to download the iOS 26 public beta on your iPhone As long as you know the risks and have backed up your phone, you can download the iOS 26 public beta. Here's what you need to do: 1. Enroll in Apple's Beta Software Program On the iPhone you want to update, open Safari and visit Sign in with your Apple ID. If you're new to the program, tap Sign Up and follow the prompts to accept Apple's beta agreement. 2. Sign up for the iOS 26 public beta After signing in, choose iOS at the top of the page. You'll land on a dashboard with details about the iOS 26 public beta. Under Get Started, tap Enroll your iOS device. Because Apple now handles betas directly in Settings (no more configuration profiles), all you need to do is link your Apple ID and you're good to go. 3. Enable beta updates On your iPhone, go to Settings > General > Software Update > Beta Updates. Choose iOS 26 Public Beta from the list. 4. Download and install iOS 26 beta Now, return to Settings > General > Software Update. The iOS 26 public beta should appear. Tap Download and Install and follow the on-screen instructions. Keep your phone on Wi-Fi and plugged in during the update. Once your iPhone reboots, you'll be running the latest iOS 26 public beta—complete with the new Liquid Glass interface and (if your hardware supports it) Apple Intelligence features.
