Apple preparing to unveil iPhone subscription service, according to report

Apple preparing to unveil iPhone subscription service, according to report

This Wednesday Apple will launch new iPhones, but the Far Out event could also see the announcement of a new way of buying and selling the company’s phones. Mark Gurman, a leaker with a large readership and decent predictive track record, has posted a preview of Apple’s September 7 event, and slips in a mention … Read more

New York Empire State factory gauge plunges in August deep into contraction territory

New York Empire State factory gauge plunges in August deep into contraction territory

The numbers: The New York Fed’s Empire State business conditions index, a gauge of manufacturing activity in the state, plummeted 42.4 points to negative 31.3 in August, the regional Fed bank said Monday. This is the second largest monthly decline on record and among the lowest levels in the survey’s history, the regional Fed bank … Read more

Auto Sales Are Slipping As Recession Fears Grip Markets

Auto Sales Are Slipping As Recession Fears Grip Markets

Auto sales continue to sputter heading into the back half of 2022, as global recession fears mount and supply chain issues persist. The latest to disclose lackluster numbers was Porsche, who said their global deliveries were down 5% to 145,860 vehicles in the first half of the year, according to a wrap up by Bloomberg … Read more

iPhone 15 Pro Max to get exclusive 12 MP periscope lens with 6x optical zoom, iPhone 16 Pro and iPhone 16 Pro Max to follow suit in 2024

iPhone 15 Pro Max to get exclusive 12 MP periscope lens with 6x optical zoom, iPhone 16 Pro and iPhone 16 Pro Max to follow suit in 2024

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The US Could Face Rolling Blackouts This Summer

The US Could Face Rolling Blackouts This Summer

Parts of the Western and Midwestern US states are at elevated risk of blackouts this summer as utilities struggle with supply-chain problems and extreme weather events become more frequent. Blackouts have already occurred in the Midwest at the start of the summer, while the Electric Reliability Council of Texas (ERCOT) asked consumers to conserve energy … Read more

Apple Says Covid-19 Lockdowns in China Loom Over Sales

Apple Says Covid-19 Lockdowns in China Loom Over Sales

Apple Inc. AAPL 4.52% cautioned Thursday that the resurgence of Covid-19 in China threatens to hinder sales by as much as $8 billion in the current quarter—a setback after seeing supply-chain improvements during the first three months of the year. The guidance from the iPhone maker came Thursday shortly after the company posted one of … Read more

Ongoing supply issues expected to drive prices higher: Bank of Canada survey – National

Ongoing supply issues expected to drive prices higher: Bank of Canada survey – National

The global supply chain snags that marked the latter half of 2021 have stretched into the new year and have been worsened by Russia’s invasion of Ukraine, according to a Bank of Canada survey released Monday. Businesses now expect these persistent snags hampering the flow of goods around the world to drive costs higher in … Read more

Toronto warehouse workers at grocery giant Metro trigger strike

Toronto warehouse workers at grocery giant Metro trigger strike

Workers at a distribution warehouse in Etobicoke, Ont., that supplies Metro and Food Basics grocery stores agreed to strike Saturday, their union says. More than 900 full-time staff work at the Metro facility in the west of Toronto. They voted Saturday to reject an attempted deal with the grocery store giant the day prior. Staff … Read more