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Apple's quarterly iPhone sales rise 6% as AI helps end slump

SAN FRANCISCO (AP) — Apple overcame a recent slump in iPhone sales in the summer quarter. It's an early sign that recent efforts to revive demand for its flagship artificial intelligence product are paying off. According to Apple's fourth-quarter financial report released Thursday, iPhone sales totaled $46.22 billion in the July-September period, up 6% from […]

By Andrew Jack

October 31, 2024October 31, 2024

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Analysis – After massive interest rate cut by the Fed, market hopes are based on a soft landing in the USA

By Lewis Krauskopf and Davide Barbuscia NEW YORK (Reuters) – One of the most momentous meetings of the U.S. Federal Reserve in recent history has focused investors' attention on one question: Did the central bank initiate its interest rate cutting cycle in time to prevent the economy from flattening too quickly? The Fed cut its […]

By Andrew Jack

September 19, 2024September 19, 2024