inflation

Apple Earnings Miss Forecast For First Time Since 2016 As iPhone Sales Hit By China Supply Chain Snarls | The Street Market News

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Mike Sievert of T-Mobile is the CNN Business CEO of the Year

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new York CNN 🇧🇷 Investors saw a lot of red in 2022. But a company known for its magenta logo was a darling stock market this year. Shares of T-Mobile (TMUS) rose about 20% in 2022, even as rivals AT&T (T) and Verizon (VZ) tumbled. Ma Bell was down about 2% while Verizon (VZ) plunged … Read more

One sentence from the Fed got markets all worked up. Then Powell spoke.

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Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. new York CNN Business — The Fed hath spoken. As we discussed yesterday, the Fed’s 75-basis-point move was basically a foregone conclusion. And the central bank delivered, announcing it would raise … Read more

Opinion: How can Apple hold the line on iPhone prices amid soaring inflation?

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Inflation in the US is surging to near a 40-year high, with prices on food, fuel and pretty much everything seeming to rise more every month. Smartphones may be an exception. Apple AAPL, +0.96%, for example, recently announced its new versions of the iPhone and other gadgets, and turned a lot of heads when it … Read more