Apple reaches historic record: consolidates its position as the world's most valuable company

Apple shares hit record highs on Wednesday. Shares of the bitten apple company rose 1.7% to $197.96 after the Federal Reserve signaled that lower borrowing costs loom in 2024 and a slowdown in inflation. Thus, with the recent rise, the stock is up 52% for the year and reaches a market capitalization of 3 billion, consolidating Apple as the most valuable company in…