An American technology watchdog group says multiple US states are investigating Apple for potentially misleading customers.Spot gold reached a nine-year high, spurred by multiple factors including US-China tensions and a weaker greenback
Apple has faced class-action lawsuits from consumers alleging that it deceived customers about slowing the performance of older iPhones.The news pulled down technology stocks on Wall Street, with Apple losing 4.6 per cent. National Australia Bank economist Ray Attrill predicted more bad news for big tech in the run-up to the US presidential election in November.
Australian stocks lead set to follow Wall Street's lead with the ASX SPI 200 index down nearly 1 per cent or 52 points to 6,010. Initial claims for jobless benefits increased 109,000 to a seasonally adjusted 1.4 million last week.It comes as coronavirus cases pass 4 million and the US economy stalls amid increased restrictions.