Table of Contents

• US Stocks

• Apple

Top Stories Today

Economy & Finance

US Stocks

U.S. stocks surged Thursday following positive labor market data, which restored investor confidence after a recent market sell-off. The S&P 500 rose 2.3%, the Dow Jones gained 1.76%, and the Nasdaq Composite added 2.87%. Key contributors included Eli Lilly, which jumped 9.5% on strong earnings, and chipmakers Nvidia and Broadcom, each rising over 6%. First-time jobless claims fell to 233,000, boosting optimism about the economy.

Technology

Apple

Apple has altered its policy in the European Union to permit developers to communicate with customers outside the App Store. This change follows a charge from the EU Commission in June, which accused Apple of violating tech regulations. Previously, Apple allowed only "link-outs," directing users to external websites to complete transactions. Now, developers can promote offers from within their apps. However, Apple will introduce new fees: a 5% acquisition fee for new users and a 10% store services fee for sales made within 12 months of app installation. Spotify has criticized the fees, suggesting they disregard the Digital Markets Act's requirements. The EU Commission will review Apple's compliance with feedback from the market.

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