The Rundown Figma Flunks First Earnings Test, Apple Plans AI-Powered Search Engine
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Sep 4, 2025 Recent bond market surges are causing borrowing costs to climb, with the U.S. 30-year treasury yield breaking 5%. Apple is planning exciting upgrades for Siri, integrating advanced AI tools. Meanwhile, Figma faces disappointment after its IPO earnings, highlighting struggles with AI integration. In contrast, American Eagle celebrates a stock surge thanks to clever marketing, while Salesforce grapples with stock challenges despite reporting positive earnings. The conversation also touches on the underwhelming performance of the summer box office in the U.S.
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Global Bond Market Warning Signs
- Bond yields are rising globally despite expected Fed rate cuts, signaling investor concern about government spending and inflation.
- Rising yields increase borrowing costs for governments and consumers, impacting mortgages and loans.
Apple's Siri Overhaul Uses Third-Party AI
- Apple plans a new Siri feature called World Knowledge Answers that summarizes internet content and surfaces local info.
- Apple may run parts of Siri on Google's Gemini and Anthropic's Claude to improve results and speed development.
Watch Apple-Google Partnerships Grow
- Expect Apple to expand partnerships with Google after the court allowed Google's default search deal to stand.
- Watch for deeper integration like Gemini powering Siri and other collaborative features.