Brent crude has climbed back above $100 per barrel, weighing on stock futures amid Strategic Petroleum Reserve drawdowns and Middle East tensions. Apple unveiled new iPhones with CEO John Ternus, who took over on September 1, in a challenging pricing environment with soaring component costs. Meta Platforms responded to backlash over AI data centers by announcing it covers its own energy costs and provides direct bonuses to teachers and first responders. Amazon raised 4 billion pounds in its first-ever sterling bond offering while Google committed 13 billion euros to AI infrastructure in Finland. Casey’s General Stores fell nearly 10% after disappointing earnings driven by declining fuel gallon sales, and ServiceTitan dropped 18% premarket following weak guidance for the current quarter.
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