General News

According to a Bloomberg Intelligence (BI) survey, U.S. consumers are holding on to their iPhones longer, which is likely to impact unit sales in the region over the next 12 months.

The survey also shows a clear preference for higher-priced phones with better camera features, which could still drive sales growth for Apple (NASDAQ: AAPL) despite stagnant unit sales.

Half of the survey respondents are using one of the last three iPhone models, down from 62% a year ago,... (continue reading...)

Wolfe Research economists provided their insights on the Federal Reserve's outlook following comments made by Fed Chair Jerome Powell.

Powell maintained a dovish stance yesterday, which was in line with his previous month's statements. He noted the labor market's ongoing rebalancing, described the current policy rate as restrictive, and suggested that services inflation excluding housing could stay above 2% even as overall inflation trends back towards the 2%... (continue reading...)

Investing.com - Markets are on edge ahead of this week's macroeconomic data: the United States inflation for the month of April, which we will know at 8:30 am. It is expected that the overall rate has risen by 3.4%, one tenth less than the previous month, and that the core rate has increased to 3.6%, one tenth less than in March.

How to invest today amid the tension of the US CPI? Try InvestingPro and find out! Subscribe HERE AND NOW for less than 9 euros per month and... (continue reading...)

(Reuters) -U.S. President Joe Biden on Tuesday unveiled steep tariff increases on an array of Chinese imports, including electric vehicle (EV) batteries, computer chips and medical products.

Following are reactions to the move.

AMERICANS FOR FREE TRADE, A COALITION OF BUSINESS ASSOCIATIONS THAT OPPOSE TARIFFS

"Throughout this process, USTR received hundreds of comments from businesses large and small that have been negatively... (continue reading...)

(Reuters) - Citigroup's Titi Cole, a top executive in charge of implementing its sweeping restructuring plan, is leaving the bank, an internal memo seen by Reuters showed on Tuesday.

Cole, as the head of legacy franchises, executed the third largest U.S. lender's plan to simplify the firm by completing the sales of consumer banking businesses in nine non-core markets.

CEO Jane Fraser began a sweeping reorganization in September to... (continue reading...)