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Apple’s AI iPhone Could Take the Stock This High.

AI

Apple stock hasn’t racked up Nvidia -like gains since ChatGPT’s launch almost two years ago—but that doesn’t prevent the iPhone maker from racking up gains from the AI fervor.For Raymond James analyst Srini Pajjuri, the stock is “a more stable AI play for volatile times.” Pajjuri, in a research note on Thursday, wrote that he believes users won’t want to miss out on the technology, sparking a “multi-year upgrade cycle” that will boost earnings. Apple reports its fiscal third-quarter earnings on Thursday. The analyst also increased his price target to $250 from $200. The new number implies the stock could…

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New architecture and design competitions: Young Climate Prize, AIA COTE Top Ten for

Competitions

anchor ​GREEN LIGHTHOUSE by YunIn Jeung​ was a winner in the 2023 AIA COTE Top Ten for Students Competition​​. The latest edition is now accepting submissions (details below). Image courtesy of AIA COTE For this week’s curated picks of architecture and design competitions listed on Bustler, we are highlighting four briefs seeking young mentees driven to develop climate-focused initiatives, creative proposals for the transformation of Seoul Station into a more pedestrian-friendly and green public space, designs of a home with no artificial light, and innovative student projects that foster health, sustainability, and…

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Bank of Canada reduces policy rate by 25 basis points to 4½%

Finance

The Bank of Canada today reduced its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is continuing its policy of balance sheet normalization. The global economy is expected to continue expanding at an annual rate of about 3% through 2026. While inflation is still above central bank targets in most advanced economies, it is forecast to ease gradually. In the United States, the anticipated economic slowdown is materializing, with consumption growth moderating. US inflation looks to have resumed its downward path. In the euro area, growth is…

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