(Bloomberg) -- Asian equities traded in a narrow range as traders prepared for the US election and key economic data that will set the stage for the next Federal Reserve decision.Most Read from BloombergInside NYC’s Playbook for Getting Federal Grant FundsThere Will Soon Be No Meatpackers Left in NYC’s Historic Meatpacking DistrictThe Tartarian CandidateA Courtyard Apartment Building Designed for Southwest SprawlBooming Cambridge Exposes England’s Widening Wealth GapShares rose in Sydney while T...

We've got several notable companies on the reporting docket for next week, who will help kick off the reporting cycle for the broader Mag 7 group...

Apple (AAPL) is set to report fiscal fourth quarter earnings on Thursday, October 31, amidst a busy week of tech announcements. The iPhone maker launched its Apple Intelligence features on Monday through its iOS 18.1 software update Investors are looking to see if the newly revealed Apple Intelligence will have a noticeable impact for the tech company. TECHnalysis Research president and chief analyst Bob O'Donnell joins Asking for a Trend to discuss. "As of today, it's Apple semi-Intelligence because we're not quite totally there yet," he explains. Despite rolling out features like Genmoji and text-writing capabilities, the company faces the same challenge as its competitors: "convincing consumers that this AI stuff matters." "Apple's going to really have to convince consumers that there is value in this capability, and it's going to take a long time," O'Donnell states. He doesn't anticipate seeing a significant AI impact in the company's upcoming earnings report. However, he believes that over the long term, these AI features will enhance the usability of Apple devices, and it will "kind of sneak up on us." Watch the video above to hear what O'Donnell says about Big Tech's capital expenditures on artificial intelligence. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Angel Smith...

Apple Intelligence launched on Monday, but the rollout is just a glimpse of how Apple hopes to transform its products with AI...