US consumer prices rose 0.3% in August, the lowest in 7 months
Washington: US consumer prices rose 0.3% lower than last month’s expectations. This is the smallest monthly rise in seven months and is a sign of hope that inflationary pressures may be chilling. The Ministry of Labor reported on Tuesday that the rise in August fell from a 0.5% rise in July and a 0.9% surge in June. This was the smallest increase since a similar 0.3% increase in January. The August price slowdown was seen as providing hope that Americans were beginning to see some relief from rising prices earlier this year.
Apple’s next iPhone mirrors last year and adds storage
San Ramon, CA: Apple has announced the following iPhone lineup: This includes models that offer up to twice the upgrades of last year’s edition and other modest upgrades that proved to be a big hit among consumers who devour the latest technology during a pandemic. Will be. A pre-recorded video event streamed on Tuesday presents a sophisticated story after weeks of turmoil, including a backlash against plans to scan the iPhone and a mixed ruling in a trial against the iPhone App Store. Gave Apple the opportunity to do it. Similar to last year’s model, the new iPhone 13 will be available in four different designs, starting at $ 700 to $ 1,100.
U.S. stocks failed to sustain early rise and resumed decline
New York: Tuesday’s share price returned to decline on Wall Street after a surge yesterday, making the S & P 500 the sixth loss in the last seven trading days. Benchmark index fell 0.6%. Markets began to rise after the latest data on inflation were better than economists expected, but those rises faded rapidly. Last month’s rise in consumer prices was only 0.3%, the smallest rise in seven months, and bond yields fell following reports showing that inflationary pressures may have cooled. Yields on 10-year government bonds fell to 1.29%.
Democrats Attempt Subtle Tax Measures With $ 3.5 Trillion Bill
Washington: To pay the price of the massive social blueprint envisioned by President Joe Biden, House Democrats have begun a serious effort with the twists appropriate for the most agile circus acrobats. They are trying to squeeze income from 2% of Americans who earn more than $ 400,000 a year without touching everyone else that Biden has promised. For low- and middle-income earners, tax support was provided instead of a tax increase as lawmakers discussed and drafted a tax bill on Tuesday for an ambitious $ 3.5 trillion reconstruction plan for both funding and buttress Bidens. .. This includes spending on childcare, health care, education and climate change initiatives.
Pandemic does not dim predictions of Boeing’s rosy plane
Chicago: Despite the pandemic damage to air travel, Boeing says it is optimistic about the long-term demand for planes. Boeing said Tuesday that the aerospace market is expected to be worth $ 9 trillion over the next decade. This includes airlines, military airplanes, and other aerospace products and services. The outlook is even more rosy than Boeing’s 2019 forecast of $ 8.7 billion in industry-wide sales over the next decade. In the United States and around the world, domestic air travel is increasing faster than cross-border travel, as the United States and many other countries maintain high barriers to international travel.
Billionaire Cohen invests in new crypto trading company Radkl
New York: A cryptocurrency company launched by a partner of a major Wall Street trading company has robbed billionaire investor Stephen A. Cohen. The New York Mets hedge fund manager and owner agrees to invest in the crypto trading company Radkl, although the transaction is not final. The company is launched by a GTS partner who trades as many as 1 billion US stocks on a particular day. Sounded radical, Radkl plans to trade cryptocurrency coins across exchanges. The latest advance from the traditional financial world to cryptocurrencies by big name.
Amazon brings palm-swipe technology to Red Rocks concert halls
New York: Your palm may soon be a ticket to a concert. Amazon says it will bring palm recognition technology to the Red Rocks Park and Amphitheater in Denver and will be available at other venues in the coming months. This technology, called Amazon One, is the first to be used outside some Amazon stores where shoppers can swipe their palms to pay for groceries and snacks. Starting Tuesday, Red Rocks concert attendees will be able to sign up to connect their palms to their ticket account by holding their hands over the device. You don’t need an Amazon account to use a technology called Amazon One.
South Korea fines Google $ 177 million to force software on devices
Seoul, South Korea: South Korea’s competition watchdog plans to fine Google at least 207.4 billion won ($ 177 million) for blocking smartphone makers like Samsung from using other operating systems. It states. Google said it plans to challenge the ruling. The announcement came when South Korea began enforcing the revised Telecommunications Act, which bans app market operators such as Google and Apple from requiring smartphone users to pay for in-app purchase systems. .. South Korea has always scrutinized how foreign tech companies behave in their markets. Much of the focus in recent years has been on Google and Apple, and authorities have vowed to prevent them from abusing their position in the dominant market on the mobile Internet.
The S & P 500 fell 25.68 points (0.6%) to 4,443.05. The Dow Jones Industrial Average fell by 292.06 points (0.8%) to 34,577.57. The Nasdaq fell 67.82 points (0.4%) to 15,037.76. The Russell 2000 Index for SMEs fell 30.80 points (1.4%) to 2,209.98.
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Consumer price, new iPhone lineup
Source link Consumer price, new iPhone lineup