Inflation has risen over the past several quarters to a level the U.S. hasn’t seen in four decades. Inflationary pressures can affect Apple …
Tag: inflation
Stock futures slip on U.S. Federal Reserve’s hawkish pivot over rampant inflation
Jerome Powell’s speech signaled a hawkish pivot for the central bank in an attempt to more quickly to combat rampant inflation at more than…
U.S. Producer Price Index surges 11.2% in March, highest level on record
The U.S. Labor Department reported Wednesday that the Producer Price Index (PPI), which measures inflation at the wholesale level before…
U.S. Inflation hits 40-year high as gas and food prices surge
U.S. inflation accelerated to a new four-decade high in March as rapid price gains wiped out the benefits of rising wages for most Americans…
U.S. stock market swoons ahead of crucial inflation data
The U.S. stock markets closed sharply lower on Monday as rising bond yields weighed on market-leading growth stocks ahead of inflation data…
U.S. stock market falls on fears of hawkish Fed
The U.S. stock market’s main indexes fell on Tuesday after U.S. Federal Reserve Governor Lael Brainard said she expects rapid reductions…
PCE inflation gauge rose 5.4% in March, the highest in nearly 40 years
The Fed’s preferred inflation gauge, the core personal consumption expenditures price index increased 5.4% from a year ago, the largest…
American consumer sentiment falls to new decade-long low as inflation fears soar
A recent survey by the University of Michigan found that U.S. consumer sentiment fell to a new decade-long low as concerns about inflation …
Apple reportedly cuts iPhone SE production by 20% amid rising inflation, war
Apple plans to make about 20% fewer iPhone SE units next quarter than originally planned, in one of the first signs that rising inflation…
U.S. retail sales come up short in February as inflation hits Americans
U.S. retail sales rose just 0.3% in February, below the 0.4% estimate as inflation negatively impacted American consumer spending…
Apple stock falls below key level after China shuts Foxconn plant over COVID spike
Apple shares fell on Monday, dropping below their 200-day moving average, after Foxconn halted operations following China’s COVID …
U.S. inflation rises 7.9% in February, prices hit new 40-year high
Inflation hit a fresh 40-year high in February, largely driven by higher gas prices. The consumer price index climbed 7.9% on an annual…
U.S. wholesale prices jump 9.7% in January, amid the highest inflation in decades
Wholesale prices jumped again in January, up 9.7%. On a monthly basis, prices rose 1% in January fueling the highest inflation in decades…
U.S. inflation rockets 7.5% in January, hits 40-year high
U.S. inflation surged more than expected in January, notching another four-decade high as rapid price gains wiped out the benefits…
Stocks fall after U.S. jobs report, yields spike; oil hits 7-year high
U.S. stocks fell following the stronger-than-expected monthly U.S. jobs report. as bond yields moved higher on the view that the jobs data…
Amazon hikes Prime membership fees by 17% in U.S. as wages, costs rise
Amazon on Thursday said it was raising the price of its annual U.S. Prime subscriptions by 17%, as it looks to offset higher costs…
America lost 301,000 jobs in January – ADP
Companies cut jobs in January for the first time in more than a year, payroll processing firm ADP reported Wednesday. Private payrolls fell…
Apple CEO Tim Cook: ‘Everybody’s seeing inflationary pressure’
Apple CEO Tim Cook said the company – and everyone else – is seeing inflationary pressure in an interview with CNBC’s Julia Boorstin…
U.S. Federal Reserve signals interest rate hike coming in March in attempt to tamp down raging inflation
The U.S. Federal Reserve on Wednesday provided the clearest hint yet that it could start raising interest rates as soon as March. Inflation …
Apple, Big Tech under pressure with Nasdaq 100 on pace for worst month since 2008 financial crisis
Big Tech companies like Apple and Microsoft, which are due to report their results next week, have come under additional pressure…
Nasdaq futures weaken after weak Netflix forecast; inflation concerns
Nasdaq 100 futures slipped on Friday after a weak forecast from Netflix coupled with inflation concerns sent its shares spiraling lower…
Wall Street sell-off deepens, Nasdaq officially in a correction
Wall Street’s main indexes ended sharply lower on Wednesday, with the tech-heavy Nasdaq confirming it was in a correction, now down…
Wall Street falls as tech stocks weaken on hawkish Fed stance, inflation worries
Wall Street’s main indexes fell in morning trading as Federal Reserve’s last meeting struck a hawkish note, signaling concerns over inflation.
Concern over Apple’s iPhone demand likely overblown
Bloomberg News suggested on Thursday that “demand for the iPhone 13 lineup has weakened.” This “iPhone slowdown” story is pretty much…
Apple resumes sales to Turkey with 25% inflationary price hike
Earlier this week, Apple halted sales in its online store in Turkey in response to a worsening inflation crisis in the country. Now, the…
Apple halts product sales in Turkey amid rampant inflation crisis
Apple has halted sales in its online store in Turkey in response to a worsening inflation crisis in the country. While Apple has not publicly…
Woz: Bitcoin is mathematical purity
Apple co-founder Steve “Woz” Wozniak has compared and contrasted the “artificial” U.S. dollar and the “mathematically pure” Bitcoin …
Dow Jones drops as U.S. inflation heats up
The Dow Jones Industrial Average dropped 200 points Wednesday, as a key inflation gauge came in higher than expected…
U.S. stock futures drop ahead of jobless claims amid economic recovery worries
U.S. stock index futures fell on Thursday ahead of weekly jobless claims data, as worries over slowing economic growth were a drag…
U.S. job creation for August was a huge disappointment, sharply misses expectations
U.S. job creation for August was a huge disappointment with non-farm payroll growth in August increased by just 235,000 vs. expectations…
ADP U.S. unemployment report misses badly, with only 330,000 jobs added amid inflation concern
Private payroll firm ADP’s U.S. unemployment report on Wednesday revealed that employers added a disappointing 330,000 jobs in July…
Stock futures slide on growth and inflation fears; Federal Reserve stimulus taper
U.S. stock index futures fell on Thursday on growth and inflation fears and concern the Federal Reserve could begin to rein in its massive …
Apple, other tech stocks power S&P 500 to record high amid inflation concerns
The S&P 500 notched its third straight record high on Thursday, as investors considered the specter of U.S. inflation …
Hotter-than-expected inflation: Consumer prices jump 5% in May, fastest pace since the summer of 2008
U.S. Consumer prices for May accelerated at their fastest pace in nearly 13 years as inflation pressures continued to build in the U.S. …
S&P 500, Nasdaq weighed down by inflation worries
The S&P 500 dipped on Thursday as a slew of economic data showing a post-COVID-19 “V-shaped” recovery accelerated fears of rising inflation…
Key U.S. inflation gauge rises 3.1% year over year, higher than expected
The core personal consumption expenditures price index increased 3.1% in April year-over-year. The Fed considers it the best inflation gauge…
Futures fall as tech stocks lag ahead amid inflation worries
On Wednesday, U.S. stock index futures fell for the third straight session, led by losses in rate-sensitive tech stocks on fears that…
Stock selloff deepens as U.S. inflation spikes
The U.S. stock selloff deepened Wednesday as traders digested a spike in U.S. inflation. Consumer prices for April rose 4.2% year over year…
Nasdaq futures fall over 1% on inflation worries
Nasdaq futures dropped more than 1% on Tuesday, potentially presaging another day of losses for technology-related stocks with perceived…
Fed Chairman Powell announces major policy shift in approach to inflation
The U.S. Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run higher than…
Dow plunges 800 points in worst day of 2019
A selloff in U.S. stocks accelerated into Wednesday afternoon after the bond market flashed its brightest warning signal…
Analyst: Goldman Sachs spends $350 for every Apple Card customer; may lose money on credit card in the next recession
An analyst estimates that Goldman Sachs spends $350 to acquire each new Apple Card holder and thinks the bank will begin to break even on a customer after four years…
