Three sisters from Ohio sat on a hidden treasure for over 40 years—a rare 1975 dime missing the “S” mint mark. 🪙 Now up for auction, it’s expected to fetch over $500K. 🤯 Collectors have hunted it for decades—looks like they hit the coin jackpot!(1) 🤑
amana’s Take
For tech heavyweights like Microsoft
, Salesforce
, and Nvidia
, the Federal Reserve’s upcoming rate decision is crucial. A rate cut could reduce borrowing costs and help fuel the kind of growth tech needs to rebound, especially after the Nasdaq’s 5% September slump and Nvidia
’s 11% drop over AI spending concerns. All eyes are on the Fed’s call on September 18.
The real key to reviving tech stocks? AI-driven innovation. Analysts say earnings growth needs to jump from 11% to over 20%, with AI leading the charge in driving new revenue streams through upselling and monetization strategies. Without significant advances in AI, the sector could struggle to meet those ambitious targets.
While the tech sector has seen recent weakness, long-term optimism remains. Experts predict that AI’s impact will begin materially contributing to growth by the second half of 2025. But for a sustained recovery, the sector needs a one-two punch of monetary easing and relentless innovation.
Stock Market Update
📈💰 US stocks bounced back on Monday as dip-buyers bet on a Fed rate cut. The Dow
rose 1.2% to 40,829.59, the S&P 500
gained 1.16% to 5,471.05, and the Nasdaq 100
advanced 1.30% to 18,660.78. Nvidia
led the tech stocks while JPMorgan
and Amazon
also joined the rally!(2) 🚀↗️
📉↘️ Meanwhile, Gulf stocks dipped as investors played it safe ahead of US inflation data. Abu Dhabi fell 1%, and Dubai eased 0.3%.(3) ⬇️⏬
📲🌟 Apple's Big Reveal
Apple
wrapped up its "It’s Glowtime" event in Cupertino, unveiling new gadgets like a chef serving a gourmet feast. The spotlight was on the iPhone 16 and 16 Plus, alongside the premium iPhone 16 Pro and Pro Max, featuring larger screens and Apple’s
thinnest borders yet. The Apple Watch Series 10 debuted with a sleek redesign and S10 chip, while AirPods 4 and updated AirPods Max now offer USB-C charging.(4) With Apple Intelligence rolling out for iPhone 16 next month, the tech feast is just starting! 🤖🤩
🔢📰 iPhone 16 by the Numbers:
Displays: iPhone 16 Pro (6.3-inch display), Pro Max (6.9-inch display)
Colors: White, black, natural, and "desert" finishes
A18 Pro chip: 16-core neural engine powers Apple Intelligence, built for faster AI processing
Apple Intelligence: Works across language, images, actions, and personal context
Camera upgrades: 48MP fusion, 48MP ultrawide, 5x telephoto zoom
Video: 4K at 120 fps, spatial audio, "studio-quality" mics, and Audio Mix
Pricing: iPhone 16 starts at $799, iPhone 16 Plus at $899, iPhone 16 Pro at $999, iPhone 16 Pro Max at $1,199
Preorders: Friday, with in-store availability on Sept. 20 🤑🛒
Powered by the A18 Pro chip and AI-driven features, Apple
is charging into the future of tech. The iPhone 16 Pro models boast cutting-edge cameras and an industry-first AI audio tool that isolates background elements from speech. AirPods Pro 2 will soon double as personalized hearing aids with an upcoming software update, enhancing speech and environmental sounds in real-time. Plus, a Voice Memos update will allow users to layer tracks, perfect for musicians experimenting with new ideas. That’s a whole lot of AI tech! 🤯🥳
Closer to Home
🤝 Abu Dhabi’s Adnoc
signed a 15-year deal to supply 1M tonnes of LNG to Indian Oil, mainly from its lower-carbon Ruwais project. They also extended their oil storage pact to boost India’s energy security.(5) Big energy moves ahead! 💪
💰 Oman’s OQ Exploration and Production (OQEP) is going public in October, offering up to 25% of its shares. With $600M in annual dividends and big local growth plans, this IPO is set to make waves!(6) #NewIPOAlert! 🌊
💸 Meanwhile, MENA start-ups saw their funding fizzle in August, raising just $83M—a 76% drop from July.(7) Looks like investors are keeping things on a financial diet! 👛
What Else Is Trending
🪙 Bitcoin
bounced back on Monday, soaring 5.6% to top $57,000 after Wall Street’s recovery from its worst week of the year. That 9% dive last week? Consider it crypto whiplash!(8) 💦
🛢️ Oil prices also staged a comeback, rising over 1% after its worst week since October 2023. Brent
rose 1.1% to $71.84, while WTI
climbed 1.54% to $68.71.(9) ⛽
✨ Lastly, spot gold
held its shine steady at $2,499.79 as investors awaited the US inflation report, eyeing clues on the Fed's next move.(10) 🎇
💬Quote of the Day
“Without a doubt, our biggest event of the year.” – Tim Cook, CEO at Apple
