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February 7th - According to sources familiar with the matter, Apple (AAPL.O) is preparing to allow other companies voice-controlled AI applications to integrate with its CarPlay system. This move will allow users to interact with AI chatbots through their in-car interface for the first time. The sources indicated that the company will work to support applications within the CarPlay system over the next few months. This change marks a strategic shift for Apple. Previously, Apple only allowed its own Siri assistant as a voice control option in its popular in-car infotainment system software. With this move, AI vendors such as OpenAI, Anthropic PBC, and Google will be able to release CarPlay versions of their applications that support voice control. However, some limitations remain. Sources say that Apple will not allow users to change the Siri button on CarPlay or the wake word to activate the service. Users will need to open the relevant application to activate third-party voice control functions.According to Fortune, OpenAI’s ChatGPT app’s market share plummeted from 69.1% in January 2025 to 45.3% the following year, while Google’s Gemini chatbot app’s market share climbed from 14.7% to 25.2%.The U.S. Energy Information Administration reported that total U.S. oil demand fell 0.7% year-on-year in November, or 140,000 barrels per day, to 20.227 million barrels per day (compared to a 1.9% decline in October).The U.S. Energy Information Administration reported that distillate fuel demand rose 3.2% year-over-year in November, or 116,000 barrels per day, to 3.796 million barrels per day (compared to a 1.4% decline in October).The U.S. Energy Information Administration (EIA) reported that U.S. gasoline demand fell 1.7% year-on-year in November, or 152,000 barrels per day, to 8.68 million barrels per day (compared to a 2.0% decline in October).

Despite the fact that Eurozone interest rates are anticipated to peak sooner, the EUR/GBP looks to have breached over 0.8630

Daniel Rogers

Dec 07, 2022 15:12

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The EUR/GBP pair has had a stronger recovery from 0.8580 during the Asian session, approaching the pivotal 0.8630 level. Despite the European Central Bank (ECB) being close to reaching an interest rate high, there has been strong demand for Euro bulls. Thus, the monetary policy meeting scheduled for next week will be of utmost significance.

 

The cross is attempting to break strongly above the significant barrier of 0.8630 for the fourth time this week. The hawkish remarks made by ECB policymakers are holding back the euro bulls.

 

"There will be another rate hike," said Constantinos Herodotou, governor of the Central Bank of Cyprus, "but we are very near to neutral." The European Central Bank's chief economist, Phillip Lane, is unsure as to whether the inflation peak has already occurred or will take place in 2019. He stated that although "much has already been done," he does not rule out more rate increases.

 

Investors are currently looking forward to Christine Lagarde's speech, which will be revealed on Thursday. The ECB President is likely to lower her inflation projection in her future statement in light of the poor retail sales numbers.

 

In contrast to expectations for a 1.7% loss, this week's Eurozone retail sales numbers showed a 1.8% decline. Aside from that, annual economic data contraction came in at 2.7% as opposed to the 2.6% consensus expectation. A decline in household demand demonstrates the effectiveness of the European Central Bank's (ECB) policy tightening initiatives. To reach their sales targets, firms could feel pressured to lower the prices of their products and services.

 

The United Kingdom's deteriorating food crisis, brought on by growing costs and a labor shortfall, has had an impact on the Pound Sterling. According to Minette Batters, president of the National Farmers Union, "the government and the entire supply chain must act swiftly." The Financial Times stated that "tomorrow might be too late." The economy already faces rising food inflation, and the issue with the supply of food will make matters worse.


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