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Apple ekes out revenue growth on iPhone sales and services

Apple’s revenues grew slightly on the back of iPhone sales and its services division despite headwinds from supply chain shortages and factory shutdowns in China. The iPhone maker said revenues…

Larry Summers was partially behind Sen. Joe Manchin’s support of the Inflation Reduction Act

In an unexpected turn of events, Sen. Joe Manchin (DW.Va.) announced on Wednesday that he’d reached an agreement with Senate Majority Leader Chuck Schumer on a bill aimed at fighting…

Apple earnings narrowly tops estimates as iPhone sales fare better than feared

Apple reported third-quarter results that narrowly beat Wall Street estimates, easing concerns that supply chain snags and a shaky economy would ravage the tech giant’s sales. Revenue rose 2% to…

Short-term US government bonds rally after disappointing GDP data

Short-dated US government debt rallied on Thursday after data showing the American economy unexpectedly shrank in the second quarter prompted traders to trim expectations for Federal Reserve rate increases. Yields…

Financial stress plagues low-income workers and impacts productivity

Financial stress is real for Rita Blalock, 56. In fact, it’s almost a constant companion these days. Like many of America’s hourly workers, the $12 per hour she earns working…

Tiger Global-backed Missfresh stops paying salaries as it runs out of cash

Missfresh, a Chinese grocery delivery start-up once valued at $3bn, told hundreds of employees that it had run out of cash, as a group of unpaid suppliers protested at its…

Meta’s metaverse division reports a year-over-year jump in revenue but is still losing billions

Meta’s metaverse division reports a year-over-year jump in revenue but is still losing billions | Fortune You need to enable JavaScript to view this site. Source link

Crypto Solana is opening a store in NYC. Take a look inside

Crypto Solana is opening a store in NYC. Take a look inside Fortune You need to enable JavaScript to view this site. Source link

Facebook parent Meta reports first decline in revenue

Meta has blamed macroeconomic pressures for its first year-on-year quarterly revenue decline and offered investors a gloomy outlook for the coming months as advertisers pull back on spending. Metaformerly known…

US steps up efforts to secure release of Brittney Griner from Russia

US secretary of state Antony Blinken said he plans to speak with Russian foreign minister Sergei Lavrov in a bid to advance a “substantial proposal” to release basketball star Brittney…