Markets

Apple stock reversed gains after unveiling the iPhone 17 series, including the iPhone 17, iPhone Air, iPhone 17 Pro, and iPhone 17 Pro Max. The launch highlighted the iPhone Air, Apple’s thinnest device, with a throttled A19 Pro chip and eSIM-only support. Prices range from ¥5999 to a record ¥17999 for the top-tier iPhone 17 Pro Max. Pre-orders begin September 12th, sales on September 19th. Analysts are monitoring consumer reaction to the higher prices and eSIM reliance.

Stagwell (STGW) has appointed Meredith Aronson as Vice President, Corporate Affairs. Aronson, formerly of JPMorganChase and the Obama administration, brings over 14 years of experience to the role. She will focus on integrated communications and reputation strategies, assisting clients in navigating the evolving media landscape. This appointment reflects Stagwell’s investment in its corporate affairs practice, aiming to enhance reputation management and stakeholder engagement. Aronson’s expertise is expected to help clients maintain relevance and build brand equity in a dynamic business environment.

California American Water broke ground on its new West Sacramento headquarters, a 40,000 sq ft facility slated for completion in Fall 2026. The move signifies a significant investment in infrastructure and commitment to California and Hawaii, consolidating operations for improved efficiency and customer service. The facility will serve as a central hub, incorporating sustainable design and advanced technologies like smart water metering to address challenges of aging infrastructure and climate change. The event was attended by local leaders and project partners, highlighting the project’s economic significance.

A Chinese man, Mr. Fu, has reportedly won the lottery six times in two years, amassing over 10 million yuan. This winning streak has sparked debate about luck, probability, and the appeal of lotteries in China. His success, documented on social media, highlights the gamification of chance and the lure of quick wealth. Concerns arise about responsible gaming, potential problem gambling amplified by online platforms, and the statistical improbability of multiple wins. The case underscores the need for transparency, independent auditing, and balanced regulation of lotteries.

Eldorado Gold (EGO) has been named to the Toronto Stock Exchange’s 2025 TSX30 list, recognizing its impressive 238% share price increase over three years. This performance reflects strong operations in Turkiye, Greece, and Canada, advancement of the Skouries project, disciplined capital allocation, and favorable gold prices. CEO George Burns attributes the success to consistent operational performance, a strong balance sheet, and a focus on sustainable growth, creating long-term value for stakeholders.

At its annual general meeting, Logitech appointed Guy Gecht as the new chairperson, succeeding Wendy Becker. Shareholders approved a dividend of CHF 1.26 per share, an increase from the previous year, demonstrating financial strength. All incumbent board members were re-elected. Gecht’s appointment is viewed as a strategic move, leveraging his technology leadership experience to drive innovation and growth. The dividend will be paid on September 24, 2025.

Former Honor CEO Zhao Ming will make his first public appearance since leaving the company at Fudan University’s “Leader’s Transformation Forum” on September 14th. He will engage in a dialogue with Dean Lu Xiongwen, focusing on strategic pivots, preserving core values, and individual resilience during career transitions. The discussion will explore how a commitment to technology can fuel future endeavors and offer academic-industry insights into leadership in the tech sector. Zhao’s departure from Honor earlier this year concluded a decade-long tenure that saw the company’s significant growth.

Sagtec Global Limited (NASDAQ: SAGT) forecasts strong financial results for Q3 2025, projecting $17.9 million in revenue (219% increase YoY), $1.27 million in operating cash flow (51% increase), and $2.32 million in net profit (82% increase). This growth is attributed to increased adoption of their RaaS and SaaS solutions and expansion into the U.S., Asia, and Middle East. The company focuses on AI, robotics, and automation platforms across various sectors.

Pacifica Silver Corp. will begin a Fall 2025 exploration program at its Claudia Silver-Gold Project in Durango, Mexico. The program includes an 8,000-meter Phase I drill campaign, starting in late September, targeting known high-grade silver-gold zones and previously undrilled targets. Additional activities include surface sampling, geological mapping, and a 27-line km Induced Polarization (IP) and resistivity survey, the first geophysical work on the property. Only 10% of the project’s extensive vein system has been drilled, offering significant discovery potential.

In Baise City, Guangxi, a man was detained for driving without a license and possessing a counterfeit driver’s license. The forged document contained inconsistencies, including an incorrect regional designation. He purchased the fake license for around 1000 yuan. Authorities imposed fines and a 5-day detention. The incident highlights the ongoing issue of document forgery and the need for vigilance. AI-powered verification systems offer potential solutions for enhanced document security, although these technologies are still under development.