Apple's headset revealed, SEC sues Binance, oil production cut: Top stories

Apple unveiling its Vision Pro mixed reality headset, the SEC suing crypto giant Binance, and Saudi Arabia pledging to cut production by one million barrels a day- these are just some of the top headlines the Yahoo Finance Live team is watching.

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AKIKO FUJITA: Well, it's closing time here at Yahoo Finance. Here's a look at the biggest stories of the day.

Apple unveiling its long-awaited headset, the Vision Pro. It's Apple's first product-- major product launch since 2014. But it comes with a very hefty price tag, just about $3,500. And it will be available early next year. The tech giant also announcing a lineup of new Macs and a new MacBook, leveraging its new chips. It also showed off New software for its Watch, iPhone, and FaceTime for Apple TVs.

SEANA SMITH: Bitcoin sliding below $26,000 as crypto exchange Binance was hit with a lawsuit from the Securities and Exchange Commission. The SEC hitting the company and its founder with 13 charges for security laws violations, alleging that the company illegally served US customers and mishandled customer funds.

AKIKO FUJITA: And finally, oil prices edging higher on the day on the production cut from Saudi Arabia. Over the weekend, Saudi announcing it will reduce output by 1 million barrels per day. That's the biggest production cut in 10 years. It came on the heels of the OPEC Plus meeting in Vienna. And the cartel did not make any changes to plans for its cuts for the rest of the year.