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A man walks past signage for the the 2024 IMF/World Bank Annual Meetings outside of the headquarters of the International Monetary Fund in Washington, DC on October 18, 2024. Daniel Slim | AFP | Getty ImagesThe International Monetary Fund warned Wednesday that the public debt situation worldwide could be more dire than most think, highlighting skyrocketing fiscal deficits in the U.S. and China.Global public debt will rise above $100 trillion by the end of 2024, the agency projected in its annual Fiscal Monitor report. By the end of the decade, the IMF forecasts global public debt will reach 100% of world GDP. The U.S. and China account for a significant share of rising public debt levels. If the two countries were excluded from calculations, the global public debt to GDP ratio would fall a...

A series of iPhone 16s on display inside the Apple store at Tun Razak Exchange in Kuala Lumpur, Malaysia, on Sept. 20, 2024.Annice Lyn | Getty Images News | Getty ImagesApple shares fell about 2% on Wednesday after industry supply chain analyst Ming-Chi Kuo said the company has cut orders for the iPhone 16 by about 10 million units for the fourth quarter of this year and the first half of 2025.Kuo said most of the cuts affect the regular iPhone 16 instead of the iPhone 16 Pro models, which have nicer displays and better cameras and have been more popular with consumers."As a result, iPhone 16 production for 2H24 is now estimated at 84 million units," Kuo wrote, noting that his estimate is down from about 88 million units.Stock Chart IconStock chart iconApple sharesKuo now forecasts Apple p...

Democratic presidential nominee, U.S. Vice President Kamala Harris delivers remarks before departing the vice president’s residence on October 23, 2024 in Washington, DC.Kevin Dietsch | Getty ImagesVice President Kamala Harris blasted Donald Trump on Wednesday for his reported praise of Adolf Hitler and said the Republican presidential nominee "wants unchecked power."Harris, the Democratic nominee, spoke at her residence in Washington, D.C., a day after reports of recent interviews with Trump's former White House chief of staff John Kelly, who recounted Trump's comments about the Nazi leader while Trump was president."It is deeply troubling and incredibly dangerous that Donald Trump would invoke Adolf Hitler, the man who is responsible for the deaths of six million Jews and hundreds of tho...

Tim Cook, chief executive officer of Apple Inc., during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, US, on Monday, June 10, 2024.Bloomberg | GettyApple on Wednesday released a beta version of a slew of Apple Intelligence features, including its long-awaited ChatGPT integration.The company announced its answer to the artificial intelligence boom this summer, but is slowly rolling out its features to users. Investors hope AI features will spur a wave of iPhone upgrades because the tools are only available on newer devices.Apple Intelligence has been available in previews for developers and early adopters, but the official public release will come next week as part of the official iOS 18.1 release, Apple said. This latest batch of features is inclu...