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

McDonald’s, In-N-Out, and Chipotle are spending millions to block raises for their workers

new York CNN — California voters will decide next year on a referendum that could overturn a landmark new state law setting worker conditions and minimum wages up to $22 an hour for fast-food employees in the nation’s largest state. Chipotle, Starbucks, Chick-fil-A, McDonald’s, In-N-Out Burger and KFC-owner Yum! Brands each donated $1 million to … Read more

Americans short on emergency savings amid ‘dangerous scenario’

Suze Orman speaks during AOL’s BUILD Speaker Series at AOL Studios In New York. Jenny Anderson | WireImage | Getty Images An unexpected bill is never convenient. But there are even more reasons now that an unforeseen event — such as a car repair or medical expense — could put Americans on unstable financial footing. … Read more

High egg prices due to a ‘collusive scheme’ by suppliers, group claims

Eggs for sale at elevated prices in New York on Jan 21, 2023. Fatih Aktas/Anadolu Agency via Getty Images) Egg prices soared to historically high levels in 2022 — and one group is alleging the trend is due to something more nefarious than simple economics. Across all egg types, consumers saw average prices jump 60% … Read more

Americans Just Don’t Get Yerba Mate

It shouldn’t be hard to persuade people to take a sip of yerba mate. It’s completely natural. It makes you feel simultaneously energized and relaxed. You can drink it all day without feeling like your stomach acid is burning through your esophagus. It’s the preferred caffeine source of Lionel Messi, Zoe Saldaña, and the Pope. … Read more

Recently identified inflammatory disease VEXAS syndrome may be more common than thought, study suggests

CNN — David Adams spent half a decade fighting an illness he couldn’t name. He was in and out of the hospital several times a year. His inflamed joints made his hands feel like they had been squeezed into gloves – and he could no longer play his beloved classical and jazz guitars. He had … 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

Spotify to cut 6% of its workforce as tech layoffs continue

Spotify announced Monday it’s cutting 6% of its global workforce as the music streaming company contends with a gloomy economic environment that has seen consumers and advertisers alike limit their spending. Spotify has a total workforce of around 9,800 people, which means the cuts impact about 600 employees. According to its LinkedIn profile, the company … Read more

Breonna Taylor video: Patrons at a Kentucky restaurant outraged at video they believe showed Breonna Taylor’s killing

CNN — Diners at a Kentucky restaurant were outraged to see and hear what they believe was video footage showing the killing of Breonna Taylor at an event featuring John Mattingly, one of the officers involved in the 2020 raid, according to the local NAACP chapter and witnesses. Patrons weren’t informed that a GOP women’s … Read more

Uncertainty in markets is stressful, but these moves can prepare you

Hillary Kladke | moment | Getty Images Before looking forward to 2023, we should pause to reflect on 2022. The following quote from Jason Zweig of The Wall Street Journal sums up this very difficult year for investors: “Investing isn’t an IQ test; it’s a test of character.” Indeed, the most successful investor is not … Read more