The Daily

The iPhone 16 lineup, Apple Watch Series 10 and other devices Apple announced this fall are banned from sale in Indonesia. That’s because Apple has failed to meet its local investment commitments by around $15 million.

It’s said to have invested 1.48 trillion ($94 million) of the 1.71 trillion rupiah ($109 million) it pledged to plow into local sourcing and/or infrastructure to meet Indonesia’s requirements.

 » Read more about: The iPhone 16 is banned from sale in Indonesia after Apple fails to invest enough locally  »

This article was written by

 » Read more about: CDW Corp: An Underappreciated Technology Reseller  »

Over the past few decades, technology-related investments—stocks and bonds—have emerged as the undisputed champions, delivering consistent performance and handily beating S&Ps. Tech-centric portfolios have not just participated in the market – they’ve consistently outperformed it,

 » Read more about: Millionaire Boom: Tech Stocks, Crypto, And The Evolution Of Investing  »

Jay Jacobs, head of active and thematic ETFs at BlackRock, emphasizes that these products are designed to evolve with the technology. AI-related investments are poised for significant changes, making active management a strategic advantage. “The AI market is going to change dramatically,” says Tony Kim, head of BlackRock’s fundamental equities technology group. “What you think it is today,

 » Read more about: Asset Managers Introduce AI-Themed ETFs to Capture Booming Market Trends  »

 » Read more about: Mortgage Rates Today, Oct. 28: Median Rate Remains 6.88%  »

 » Read more about: November Social Security Update: Key Dates for Social Security Payments and Upcoming Changes for 2025  »

 » Read more about: Stock market today: Bandhan Bank, NMDC, Dixon Technologies, RBL Bank among ten stocks in F&O ban list on October 28  »

Aramco’s VC arm Wa’ed Ventures prepared a $100 million pot to finance early-stage AI start-ups and appointed a global advisory board to oversee the move, as it seeks to bolster Saudi Arabia’s ambitions around the technology.

The funding is expected to help generate “a strong pipeline of global early-stage AI start-ups”,

 » Read more about: Aramco sets aside $100M for AI investments  »

Meet Paul Jarrett, Co-founder & CEO @ Bulu

How would you describe the startup culture in Nebraska?

The startup culture in Nebraska is small, but passionate. There’s a strong sense of community, considering Nebraska consistently places near last for venture capital dollars invested. I guess that might be what brings us together,

 » Read more about: Prairie Portraits: Paul Jarrett  »

Eric Rauchway is an historian and a charter Friend of the Blog. One of his fields of expertise is the historical nexus between the money power and the government, particularly during the Gilded Age. So, naturally, he has been (ahem) intrigued by the former president*’s deep nostalgia for the economy of that era.

 » Read more about: What Would A Trump Economy Actually Look Like?  »