Today in 2 minutes: Apple shelves Vision Pro and UK inflation hits 2%

A lightening roundup of what you need to know today.

Here's what you need to know today:

  • The Technology Select Sector SPDR Fund, one of the world's largest tech ETFs, is set to buy $11 billion worth of stock in Nvidia and sell $12 billion in Apple. This roughly equates to their average daily trading volume over the last three months!
  • UK inflation has dropped to 2%, aligning with the Bank of England's target for the first time in three years. However, there seems to be no hope that interest rates will be cut when the BoE makes its latest announcement on Thursday.
  • Nvidia has become the most valuable company in the world, as the S&P 500 reached record highs.
  • Amazon's Labour Union has voted to join the Teamsters.
  • Apple has shelved a new model of the Vision Pro as sales of its original model decline.
  • Elon Musk is looking to add payment functionality to X and possibly turn it into a Venmo competitor, according to Bloomberg.
  • A quality inspector has alleged to the Occupational Safety and Health Administration that Boeing lost track of hundreds of defective parts, which may have ended up on 787 Max models.

...and you're caught up.

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