U.S. stock indexes edged higher on Monday, nearing record peaks following a recent run of gains, with investors awaiting key inflation figures this week to gauge the likelihood of interest rate cuts in 2024. The indexes were back near all-time highs hit in March, boosted by stronger-than-expected earnings reports and signs of a cooling labor market that have fueled bets of one or two rate cuts by the U.S. Federal Reserve this year.
Apple reportedly is close to a deal with ChatGPT creator OpenAI to use its generative AI technology on iPhones.
The tech giant might not have to spend big to train its own artificial-intelligence model and can instead focus on streamlined versions of the technology.