Apple overtakes Microsoft, oil supply, Fed decision: Catalysts
May's Consumer Price Index (CPI) was lower than expected, showing signs of cooling inflation. Apple (AAPL) has overtaken Microsoft (MSFT) as the most valuable company, speeding past the tech competitor after Apple shares surged to a record high on its AI announcements. The European Union (EU) has announced that it will impose tariffs of up to 38% on Chinese EV imports beginning on July 4. The International Energy Agency (IEA) has raised concerns about a potential oversupply in the global oil market, warning that a surge in US-led production could outstrip demand by a staggering 8 million barrels per day by the year 2030. For more expert insight and the latest market action, click here to watch this full episode of Catalysts.