Apple Inc. unveiled redesigned iPhones with bigger screens, overhauling its top-selling product in an event that gives the clearest sign yet of the company’s product direction under Chief Executive Officer Tim Cook.
The dollar strengthened to a seven-month high against the yen and government bonds fell before data that analysts forecast will show expansion in U.S. manufacturing. Commodities tumbled as oil and gold sank.
Apple Inc.’s suppliers have started manufacturing new iPads, according to people with knowledge of the matter, as the company works to reinvigorate sales of the tablet computers after two straight quarters of declines.
Stocks fell around the world as earnings from Samsung Electronics Co. to Deutsche Lufthansa AG trailed estimates and Argentina missed a payment on its bonds. Oil dropped for a fourth day and the dollar strengthened.
Apple Inc. won more than $290 million in damages from Samsung Electronics Co. for patent infringement in a do-over trial that restored most of the amount cut from the iPhone maker’s jury victory in 2012.
Best Buy Co., the world’s largest consumer-electronics retailer, fell the most in nine months after saying it will keep pace with competitors’ discounts in the holiday season, hurting fourth-quarter profitability.