Federal Reserve accepted $1.42 bln from four counterparties in its fixed-rate reverse repo operation.

Mark Gurman wrote on Sept. 13 that Apple’s first foldable iPhone, the iPhone Duo, could help make foldable phones mainstream. He expects Apple to expand the line over the next few years with a larger-screen iPhone Duo Max, a lower-spec Duo SE and a vertically folding Duo mini. Gurman said Apple chose the name Duo rather than the widely speculated Ultra partly because three-letter names fit a product family and leave room for Max and SE suffixes; some Apple staff had called the device Ultra. He projects foldables could account for more than half of new phone sales within ten years as costs fall and use cases grow; foldables currently make up about 2% of global smartphone shipments.

Baker Hughes (BKR.O) chairman and CEO Lorenzo Simonelli said he has not seen evidence that higher borrowing costs have slowed investment in large energy projects. He said global AI infrastructure build-out is driving strong demand for natural gas and power, supporting project economics. Simonelli added that while financing remains a consideration, projects’ ability to secure funding depends on existing offtake agreements and the energy-demand outlook; population growth, industrial expansion and data-center growth continue to underpin related investment.