How inflation will affect Apple

Wealthy customers will help Apple resist the effects of inflation

An employee arranges Apple iPhones as a customer shop at an Apple store. mike segar | Reuters The last time Apple faced an inflationary environment like this, it had been a public company for less than a year and its best-selling product was the Apple II home computer. In May, the annual inflation rate in … Read more

Cases triple in Europe, urgent action needed to contain spread

Cases triple in Europe, urgent action needed to contain spread

The World Health Organization on Friday warned that urgent action is needed to contain the spread of monkeypox in Europe, as cases have tripled over the past two weeks. Europe is the center of a global outbreak of the virus with 90% of confirmed monkeypox cases reported there, according to the WHO. New infections have … Read more

Wealthy customers will help Apple resist the effects of inflation

Wealthy customers will help Apple resist the effects of inflation

An employee arranges Apple iPhones as a customer shop at an Apple store. mike segar | Reuters The last time Apple faced an inflationary environment like this, it had been a public company for less than a year and its best-selling product was the Apple II home computer. In May, the annual inflation rate in … Read more

Google memo to employees on Roe v. wade overturn

Google memo to employees on Roe v.  wade overturn

Google CEO Sundar Pichai speaks at a panel at the CEO Summit of the Americas hosted by the US Chamber of Commerce on June 09, 2022 in Los Angeles, California. Anna Moneymaker | Getty Images Google sent a companywide email Friday about the historic Supreme Court ruling overturning Roe v. Wade, explaining employees in affected … Read more

Disney, Apple and Amazon keep waiting as NFL considers Sunday Ticket offers

Disney, Apple and Amazon keep waiting as NFL considers Sunday Ticket offers

DK Metcalf, of the Seattle Seahawks, during a Meet & Greet with DIRECTV NFL SUNDAY TICKET subscribers at the DIRECTV NFL SUNDAY TICKET Lounge on Saturday Feb. 1, 2020, in Miami, FL. Peter Barreras | PA Disney, Apple and Amazon have all submitted bids to become the new broadcast rights owner of the National Football … Read more

Polestar (PSNY) stock debuts on Nasdaq after SPAC merger

Polestar (PSNY) stock debuts on Nasdaq after SPAC merger

Shares of Polestar made their public-market debut under the ticker “PSNY” on Friday, making it the latest electric vehicle maker to go public via a merger with a special purpose acquisition company, or SPAC. Polestar’s stock began trading on the Nasdaq exchange one day after it completed its merger with the SPAC Gores Guggenheim. The … Read more

Hackers steal $100 million in crypto from Harmony’s Horizon bridge

Hackers steal $100 million in crypto from Harmony's Horizon bridge

So-called blockchain bridges have become a prime target for hackers seeking to exploit vulnerabilities in the world of decentralized finance. Jakub Porzycki | NurPhoto | Getty Images Hackers have stolen $100 million in cryptocurrency from Horizon, a so-called blockchain bridge, in the latest major heist in the world of decentralized finance. Details of the attack … Read more

The race to make green hydrogen competitive is on

The race to make green hydrogen competitive is on

One type of hydrogen production uses electrolysis, with an electric current splitting water into oxygen and hydrogen. If the electricity used in this process comes from a renewable source then some call it “green” hydrogen. Alex Kraus | Bloomberg | Getty Images Siemens Energy and Air Liquide have announced plans to set up a joint … Read more

‘Strong growth’ for EV battery stocks: Nomura names top picks

'Strong growth' for EV battery stocks: Nomura names top picks

Japanese investment bank Nomura has named the battery stocks it thinks are set to pop on rising electric vehicle adoption. The bank estimates that global EV penetration will reach 27.2% in 2030, up from 11.8% in 2022, driven by the “irreversible trend” for carbon neutrality. In a note from Jun. 22, Nomura’s analysts, led by … Read more

Fed says banks could withstand 10% unemployment, 55% stock price drop in annual stress test

Fed says banks could withstand 10% unemployment, 55% stock price drop in annual stress test

The Federal Reserve Board on Thursday projected the potential for a rockier road ahead for banks than it did a year ago, but said the 33 financial institutions it reviewed passed its annual stress test of capital reserves. The Fed estimated $612 billion in potential losses for banks in its most severe economic scenario, and … Read more