AI will not fix Apple’s sluggish iPhone sales any time soon

B ling is in the air. On September 9th Apple released its latest iPhone 16 series at an event called “It’s Glowtime”. The name referred to the sheen around Siri, its souped-up voice assistant. But it ... Read More

The Beat Goes On For This Everything Risk Economy

Given my analysis was that the US economy wasn’t showing any real signs of an imminent recession, I came away thinking the markets were overreacting. And this panic was a warning about how over ... Read More

The AI Supply Shock Is Coming for Nations Everywhere

The 1980s pop group Frankie Goes to Hollywood, known for its hit Relax, offered a more profound thought with another song describing how, in the coming age of automation, humans would be ... Read More

Apple cuts about 100 jobs in its services division, Bloomberg News reports

(Reuters) - Apple Inc has cut about 100 jobs in its services division, with the biggest cuts in the team responsible for the Apple Books app and Apple Bookstore, Bloomberg News reported on Tuesday. Read More

Muted German Business Confidence Points to Sluggish Economy

(Bloomberg) -- Germany’s business outlook held at its lowest level since February — highlighting the gloom once again engulfing Europe’s biggest economy after an early-year rebound fizzled out. Read More

Trump Ally Bessent Says Stocks Will Fall on ‘Precarious’ Economy

The government’s large deficit and debt issuance using shorter-term instruments have fueled asset bubbles in stocks and real estate, he wrote, adding that “every emerging market exhibiting ... Read More

Argentina Economy Contracted in June as Recession Grinds On

Argentina’s economy unexpectedly contracted in June, shrinking for the fourth time in six months as a deep recession weighs down early signs of recovery. Economic activity dropped 0.3% in June ... Read More

Euro-Zone Economy Handed Surprise Boost by Paris Olympics

The euro-area economy got an unexpectedly strong boost ... exceeding even the most optimistic forecast in a Bloomberg survey of analysts. A gauge for services climbed to the highest level since ... Read More

US Consumer Confidence Rises on Views of Economy, Inflation

US consumer confidence rose to a six-month high in August as more upbeat views of the economy and inflation offset waning optimism about the labor market. The Conference Board’s gauge of ... Read More

French Economy Gets Olympic Boost as Germany’s Malaise Deepens

French services expanded at the fastest pace in more than two years, driving Europe’s second-biggest economy as visitors ... and the median estimate of 50.3 in a Bloomberg survey. Read More

Denmark’s Economy Rebounds as Drugmakers Raise Output

Denmark’s economy returned to growth in the second quarter as drugmakers raised their output, illustrating the Scandinavian country’s dependence on its pharmaceutical industry. Gross domestic ... Read More

Nigerian Economic Expansion Accelerates on Higher Oil Output

Nigeria’s economy grew at a faster pace in ... The figure matched the median estimate of four economists in a Bloomberg survey. Read More