How do you like them Apples? Stock might get a pop iPhone 14

New York CNN Business — Apple’s stock has been a lemon this year. Shares are down more than 10% so far in 2022, and Apple is trading around 15% below the all-time high reached in early January. But with new iPhones will be unveiled on WednesdayWill expectations for strong holiday sales – and all the … Read more

Asset class poised to rise 38% as markets overestimate risk of global recession, Goldman says

Still reeling from Fed Chairman Jerome Powell higher ratings for longer last weeka riskier asset like equities is set to take another hit on Monday. “You can’t see the stock market crashing more than 5% on the words of one man,” grumbled FWDBONDS chief economist Chris Rupkey, who sees a major credibility problem for the … Read more

This closely watched measure of inflation showed some cooling in July

Minneapolis CNN Business — The Federal Reserve’s favorite inflation gauge showed prices took a breather last month as fuel costs continued to fall from record highs. The personal consumption expenditure price index rose 6.3% for the year to July, down from 40-year high of 6.8% recorded in June, according to data published by the Bureau … Read more

Snoopy, mannequins and Apollo 11 artifacts will swing across the moon aboard Artemis I

Sign up for CNN’s Wonder Theory science newsletter. Explore the universe with news about fascinating discoveries, scientific advancements and more. CNN — Although no human crew is traveling on NASA’s Artemis I mission, that doesn’t mean the Orion spacecraft will be empty. When the Space Launch System rocket and Orion capsule, scheduled for liftoff on … Read more