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Apple (AAPL) is expected to unveil the iPhone 16 at an event on Monday — and that's lifting shares of Arm Holdings (ARM).

The chip designer's stock gained 5% as investors prepared for Apple’s “It’s Glowtime” event, aided by a report that the iPhone 16 is expected to run on a chip based on the Armv9 CPU.

Arm’s chip designs are expected to play an important role in the IPhone’s 16 use of generative AI, the report said. 

Shares up Arm have gained more than 60% in 2024 thanks in part to the growth of Armv9 technology. Chips based on Armv9 technology made up roughly 25% of the firm’s royalty revenue in the second quarter, up from 20% a quarter earlier.

Here's what to expect from today's Apple event. Apple's shares were recently edging lower.

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A former Gombe United player has revealed why he prefers playing in Afghanistan over Nigeria.

The player who formerly played in the NPFL for Gombe United and Wiki Tourist and he was earning 300k and 200k respectively but in Afghanistan he earns 2000 euros per month, he lives in a hotel paid for by the club plus feeding. He is coming to Nigeria now with over 20k euros after the season ended.

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Apple's (AAPL) "It’s Glowtime" event will kick off at 1 p.m. ET Monday, with the company widely expected to unveil the iPhone 16 supercharged with artificial intelligence (AI) capabilities. Investors will also likely be watching for pricing and hardware differences in the new iPhone compared to previous models, and possible next-generation wearable products like AirPods and the Apple Watch.

AI-supercharged Siri is likely to be a key focus of the event, with Apple's announcement for "It’s Glowtime," displaying the company's logo in the style of the glowing aura of Apple's Siri interface.

Apple announced its newest operating system, iOS 18, and Apple Intelligence, at its developer conference in June, where the company said the intelligent system will help Siri understand more natural speech patterns, use personal context from on-device content, and accept typed prompts, among other AI-powered capabilities.

The iPhone maker has also announced a partnership with Microsoft-backed (MSFT) OpenAI to integrate ChatGPT into iOS 18 later this year. Apple Intelligence is expected to roll out after the initial iOS 18 launch, but the company could demo some of the AI features to come at the event, showing investors how the iPhone maker is integrating the technology.

Apple is expected to release four models of the next-generation iPhone—the iPhone 16, the iPhone 16 Plus, the iPhone 16 Pro, and the iPhone 16 Pro Max. The new models, particularly the Pro models are expected to have significant upgrades to the device hardware including battery life and displays, as well as other features, Bernstein analysts indicated.

Improvements to battery life could be especially appealing to users as AI features require increased computing power. Morgan Stanley analysts said they "believe a strong battery upgrade can help to drive old device refreshes given battery life is one of the key reasons users historically upgrade an iPhone."

The base iPhone 16 models are expected to have similar designs and display sizes to the iPhone 15, while the Pro models are expected to be larger than their predecessors at 6.3 and 6.9 inches for the 16 Pro and 16 Pro Max, respectively, marking the first size upgrade in several years.

The new iPhones are expected to run on the A18 chip, the next generation of Apple's silicon chips, which will likely be designed to handle Apple Intelligence workloads.

The new device's camera will also likely be in focus with CFRA analysts expecting an ultra-wide 48-megapixel camera and potentially a shutter button for capturing photos.

The iPhone 16 models are expected to be priced like their iPhone 15 counterparts when they were launched, but analysts noted that AI capabilities could be a "wildcard" in pricing.

Analysts expect the iPhone 16 base model to start at $799 while the lowest storage option of the iPhone 16 Max could cost around $1,199, the same range as the iPhone 15 when it was released around the same time last year.

Morgan Stanley analysts said that while they don't expect Apple to raise iPhone prices from their levels last year, the possibility of a price increase still exists, though they view potential price hikes as "a net negative for Apple given it would likely drive some upgraders to extend the useful life of their iPhone for another year."

The iPhone maker could also unveil new additions to its wearable portfolio, with analysts expecting Apple to introduce upgraded versions of the AirPod Pro and AirPod Max with USB-C charging ports.

The company is also expected to overhaul its watch offerings with a new Apple Watch Series 10, an Apple Watch Ultra 3, and a third-gen Apple Watch SE. The new models are likely to feature bigger and thinner displays.

Apple shares were about 0.9% lower at $218.87 in early trading Monday ahead of the event. They've gained close to 14% since the start of the year.

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NLC has issued a midnight deadline to the FG to release Ajaero.

The National Administrative Council (NAC) of the Nigeria Labour Congress (NLC) convened an emergency meeting today to address the alarming and unlawful arrest and detention of Comrade Joe Ajaero, President of the NLC, by agents of the Nigerian Government. Comrade Ajaero was arrested and detained at the Nnamdi Azikiwe International Airport in Abuja while en-route to the United Kingdom, where he was scheduled to attend and address the Congress of the Trade Union Congress (TUC) of Britain, representing Nigerian workers in critical discussions on workers’ rights and social justice.

After extensive deliberation, the NAC resolved as follows:

Condemnation of the Detention:

The Council unequivocally cor demns the brazen and illegal detention of Comrade Joe Ajaero by the Nigerian State without any legal warrant or justification. The NLC notes with grave concern that Comrade Ajaero was lawfully discharging his duties to represent Nigerian workers and had not committed any offense warranting such action. His detention is an affront to the rights of workers and the democratic principles of freedom of movement and expression.

Demand for Immediate and Unconditional Release:

The NLC demands the immediate and unconditional release of Comrade Joe Ajaero before 12 midnight today. The Council reiterates that Joe Ajaero is not a fugitive or a criminal, and his detention is an act of intimidation aimed at silencing dissent and stifling the labor movement’s voice in Nigeria. NAC also demands the immediate reversal of the current hike in the price of petrol to N617/ Litre.

State of Alert:

The Congress places all its affiliates, State Councils, Civil society allies, and the Nigerian populace on red alert. The detention of Comrade Ajaero is an attack not just on the NLC leadership but on the rights of all workers and citizens to organize, protest, and express themselves freely. The NLC will not stand by while these rights are trampled upon. This provocation is another attempt by the State to scuttle the implementation of the new National Minimum Wage.

Mobilization for Further Action:

The NLC reaffirms its commitment to defending the rights of Nigerian workers and citizens. The Congress will not relent in its efforts to oppose all forms of oppression. NAC – in – session therefore summons an emergency meeting of the National Executive Council (NEC) by 9:00 AM tomorrow, the 10th day of September, 2024 to take compelling action to engage the current forces of retrogression.

The NAC urges the Nigerian Government to reverse this dangerous trend of authoritarianism and lawlessness, which thieatens the country’s democratic fabric. NAC in session demands the immediate implementation of the New National Minimum Wage which has been signed into Law. The Nigeria Labour Congress will not waver in its duty to protect the rights of workers and the freedom of all Nigerians.

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Japan's Seven & i said Monday that it is open to talks with Alimentation Couche-Tard if the Canadian owner of Circle K stores improves its $39 billion bid for the 7-Eleven parent.

"We remain open to engaging in sincere discussions should ACT put forth a proposal that fully recognizes Seven & i's standalone intrinsic value and addresses the Special Committee's very real regulatory concerns," Seven & i said. 

Seven & i had rejected the offer for its convenience store chain by the Canadian firm late last week, saying it undervalued the company and doesn't address antitrust concerns.

Its latest statement was made in response to a press release from Couche-Tard on Sunday in which the Quebec-based company called for more discussions. The Circle K owner said it would "jointly consider divestitures that may be required to secure regulatory approvals" for the deal.

Both companies have large networks in the U.S.

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Apple (AAPL) shares are rising in premarket trading ahead of its highly anticipated launch of its latest AI-powered iPhone; Oracle (ORCL) shares are gaining ahead of its first-quarter results after the bell; U.S. stock futures are rebounding after last week's dramatic selloff; Boeing (BA) appears set to avoid a painful strike after reaching a deal with its unions; and discount retailer Big Lots (BIG) files for bankruptcy and agrees to sell itself to a private-equity firm. Here's what investors need to know today.

Apple (AAPL) is expected to unveil its new iPhone with artificial intelligence (AI) capabilities as well as next generations of the Apple Watch and AirPods at the "It's Glowtime" event today. The highly anticipated event comes roughly a year after Apple's iPhone 15 launch and three months after it showcased iOS 18 and new AI feature Apple Intelligence. Apple's stock is rising less than 1% in premarket trading, having rallied around 13% since its August correction. 

Oracle (ORCL) shares are rising less than 1% in premarket trading ahead of its fiscal first-quarter results due after the market closes, with investors focused on its cloud infrastructure growth. The software giant is expected to post revenue of $13.23 billion, up more than 6% year-over-year, with earnings per share (EPS) of 91 cents, up from 86 cents, according to Visible Alpha. Oracle shares hit a then-record high in June when the company announced cloud infrastructure deals with Microsoft (MSFT) and others, later reaching $146.59 on July 15, a level it is approaching again.

U.S. stock futures are rebounding, with market darling Nvidia (NVDA) rising in premarket trading, after major indexes slumped last week as weak August jobs data raised concerns that the job market is cooling. Those worries about the health of the U.S. economy prompted investors to price in a higher chance of a half-point cut in the key fed funds rate by the Federal Reserve this month rather than a less-aggressive quarter-point easing. The U.S. economy's addition of 142,000 jobs fell short of forecasts, although it beat July's dismal growth, which caused stocks to tumble.

Boeing (BA) said Sunday that it had reached a tentative deal with a union representing more than 33,000 workers in the Seattle area and Oregon, potentially avoiding a crippling strike at the troubled airline. The plane maker has proposed a four-year contract for staff, including a general wage increase of 25% and a pledge to build the next commercial airplane in the Seattle area. Boeing shares are jumping 6% in premarket trading.

Big Lots (BIG) filed for Chapter 11 bankruptcy protections and agreed to sell itself to an affiliate of private-equity firm Nexus Capital Management, following extended decline in sales and several quarters of losses at the discount retailer. The Ohio-based firm said Nexus will serve as the "stalking horse bidder" in a court-supervised auction process, and that the deal will close in the fourth quarter if it doesn't get better offers.

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