US digest: Apple unveils iPhone 17, jobs data revised, Trump Media expands crypto push

The US saw a series of major developments on Tuesday, spanning technology, politics, labor markets, and financial markets.

Apple introduced its highly anticipated iPhone 17 lineup at its annual September event, while Trump Media and Technology Group deepened its push into digital assets with new rewards tied to Crypto.com’s token.

At the same time, fresh government data revealed US job growth was significantly weaker than previously estimated, adding pressure on the Federal Reserve to consider rate cuts.

Despite economic concerns, Wall Street managed to edge higher, with gains across major indices.

Apple unveils iPhone 17 lineup

Apple returned to its September stage in Cupertino on Tuesday with the launch of the iPhone 17 lineup, headlined by the thinnest iPhone the company has ever produced.

The iPhone 17 Air, just 5.6mm thick, drew the most attention as Apple once again emphasized design innovation.

Priced at $999, the iPhone 17 Air slots between the standard iPhone 17 at $799 and the Pro models, which start at $1,099.

Pre-orders begin on September 12, with availability starting September 19.

Alongside its new smartphones, Apple unveiled the AirPods Pro 3, which doubles active noise cancellation and adds live translation powered by Apple Intelligence.

The Apple Watch Series 11 and Ultra 3 were also introduced, marking incremental updates to the company’s wearables lineup.

Trump Media integrates crypto.com token into Truth Social

Trump Media and Technology Group (TMTG), parent company of Truth Social, announced that it will now reward users with Crypto.com’s Cronos (CRO) token.

The move is part of a broader overhaul of the platform’s infrastructure and service offerings.

Subscribers to the Patriot Package, Truth Social’s premium tier, will receive “Truth gems” tied to CRO tokens.

These can be redeemed via Crypto.com wallets, giving users a tradeable digital asset as a reward for engagement.

The premium package also introduces features such as post scheduling, edit functionality, server-side drafts, and improved access to conversation history.

By integrating CRO, TMTG aims to boost user activity and engagement with incentives that carry real market value.

US job growth revised sharply lower

New government data released Tuesday showed that US job growth was far weaker than previously reported in the year through March, adding to expectations that the Federal Reserve may need to ease monetary policy sooner.

The preliminary benchmark revision indicated payrolls will likely be revised down by 911,000 jobs, the largest annual adjustment on record.

That equates to a 0.6% reduction in employment levels.

Initially, data suggested employers added nearly 1.8 million jobs in the period, or about 149,000 per month.

The revision halves that figure, suggesting average monthly job gains were significantly weaker than believed.

Wall Street rises despite economic concerns

U.S. equities gained on Tuesday as investors weighed the weaker jobs data against strong corporate performance in key sectors.

The S&P 500 rose 0.2%, the Nasdaq Composite added 0.4%, and the Dow Jones Industrial Average gained 181 points, or 0.4%, supported by a 8% jump in UnitedHealth shares.

Chipmakers continued to play a pivotal role in market sentiment. Nvidia and Broadcom had recently pushed the Nasdaq to all-time highs.

However, Broadcom shares dipped 2% during Tuesday’s session, following strong advances in the previous two trading days, though they still has a 13% gain in the last 7 days.

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