1/1/2024 0 Comments Apple airport prices*** Airlines, Theme Parks Brace for Hurricane Ian in Florida Join MarketWatch reporter Chris Matthews today at noon for a discussion with economist Brad DeLong about his new book Slouching Towards Utopia, a history of the economically miraculous 20th century and what investors, technologists and policy makers can do to ensure the next 100 years of growing prosperity. Examine what’s under way, what’s envisioned and the impact to come. To keep plastics out of landfills and oceans, a transition is under way to create a new ecosystem of circular plastics. *** Join the Dow Jones Energy & Sustainability event today at noon to hear about issues related to recycling. The really bad news is that we may still only be at the start of the slump. Semiconductor stocks took a hit in Europe and Asia on the news about Apple, for example.Įven though unemployment remains low, consumers are hurting. The coming consumer slowdown will hit companies all the way down the supply chain. Mortgage lenders can’t keep up-they’re changing their advertised rates at a record pace. Imagine how much bigger the impact of higher interest rates will be in the U.K., where homeowners typically arrange new loans every two to five years. That isn’t just bad for house prices, it takes money out of the pockets of anyone who has to refinance in the near future. 10-year Treasury hit 4% Wednesday for the first time in a decade, and mortgage rates are heading for 7%. If inflation is making shoppers think twice about purchases, the pace of increases in borrowing costs might send them running for the hills. Well, Apple decided not to raise the price of the iPhone this year, and yet it still won’t be as many as it expected. Warren Buffett famously touted Apple as a good company to own in an inflationary environment because it can easily raise prices.
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