Apple’s Weak IPhone Sales Drive First Profit Miss Since 2016

(Reuters) – Apple Inc on Thursday reported sales and profits that missed Wall Street expectations driven by weak iPhone sales after COVID lockdowns in China disrupted production of the company’s biggest seller. Apple sales fell 5% to $117.2 billion and were down in every part of the world in the quarter. Sales from each product … Read more

How to Cure a Holiday Debt Hangover

NEW YORK (Reuters) – The holidays are over, but hopefully you took away some lasting memories. Some of them were priceless and others came at a price. For the latter, here is the bad news: it is January and the bill has come due. Some call it the “holiday debt hangover,” and this year seems … Read more

UK Bond Turmoil Leaves Smaller Pension Schemes With Longer-Term Costs

LONDON (Reuters) – The recent crisis in Britain’s government bond market means smaller UK pension schemes may fork out more money for a bespoke liability-driven investment (LDI) strategy in future to ensure better protection, industry sources say. LDI products, sold by asset managers such as BlackRock, Legal & General and Schroders to pension funds, use … Read more