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

Country United States of AmericaUS Virgin IslandsUnited States Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwealth of theCuba, Republic ofDominican RepublicHaiti, Republic ofJamaicaAfghanistanAlbania, People’s Socialist Republic ofAlgeria, People’s Democratic Republic ofAmerican SamoaAndorra, Principality ofAngola, Republic ofAnguillaAntarctica (the territory South of 60 deg S)Antigua and BarbudaArgentina, Argentine RepublicArmeniaarubaAustralia, Commonwealth ofAustria, Republic ofAzerbaijan, Republic ofBahrain, Kingdom ofBangladesh, People’s … Read more

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

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.

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?

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