Apple services are very profitable and may be ready for takeoff again
Apple services are very profitable and may be ready for takeoff again
third-quarter earnings on Thursday showed a revenue decline in the company's most iconic hardware products — iPhone, iPad and Mac. The current period could also be rough. But offsetting the hardware softness is accelerating growth in serv...
2023-08-04 21:11:06
BOE governor Bailey cautious amid 'unwelcome surprises' in inflation
BOE governor Bailey cautious amid 'unwelcome surprises' in inflation
Inflation has since shown signs of cooling. from a hotter-than-expected 8.7% in May, though core inflation — which excludes volatile energy, food, alcohol and tobacco prices — stayed sticky at an annualized 6.9%, down just slightly from...
2023-08-04 21:06:41
WPP lowers full-year forecast as tech clients curb spending
WPP lowers full-year forecast as tech clients curb spending
, the world's biggest advertising group, downgraded its full-year like-for-like growth forecast to 1.5-3.0% from 3-5% after lower spending from tech clients caused its revenue in North America to decline in the second quarter. Chief Executi...
2023-08-04 21:06:17
South American countries gripped by record-breaking heat — in the middle of winter
South American countries gripped by record-breaking heat — in the middle of winter
An unprecedented winter heatwave is sweeping across a large chunk of South America, with temperatures forecast to exceed 40 degrees Celsius (104 Fahrenheit) in southwestern Brazil in the coming days. It comes as part of a recent trend ofext...
2023-08-04 20:45:12
Bill Ackman says he’s shorting 30-year Treasury bills and yields could hit 5.5% ‘soon’
Bill Ackman says he’s shorting 30-year Treasury bills and yields could hit 5.5% ‘soon’
Bill Ackman, the founder of Pershing Square Capital Management, said he is "short in size" on the 30-year U.S. Treasurys. The hedge fund manager argues his bearish call is a good standalone bet and a hedge against the impact of long-term ra...
2023-08-03 17:26:52
U.S. Concerns Over Chinese Enterprises' Participation in Philippine Sea Reclamati
U.S. Concerns Over Chinese Enterprises' Participation in Philippine Sea Reclamati
The United States has raised concerns about a Chinese state-owned companys participation in a Philippine reclamation project.The company was earlier blacklisted by the United States for being involved in the Chinese militarys artificial isl...
2023-08-03 16:31:34
<b>Bank of England’s next move divides economists as data paints a mixed picture</b>
Bank of England’s next move divides economists as data paints a mixed picture
Headline consumer price inflation slid to 7.9% in June from 8.7% in May, while core inflation — which excludes volatile energy, food, alcohol and tobacco prices — stayed sticky at an annualized 6.9%. As of Tuesday morning, the market wa...
2023-08-03 15:45:57