Apple Inc. is dropping plans to boost production of its latest iPhones this year after lower-than-expected demand, according to a new report. Bloomberg News reported Tuesday night that an expected Read more
Tag: Production
Apple won’t boost production of iPhone 14 due to slower demand: report
Apple Inc. is dropping plans to boost production of its latest iPhones this year after lower-than-expected demand, according to a new report. Bloomberg News reported Tuesday night that an expected Read more
Oil bounces off 8-month low as Hurricane Ian curbs Gulf production
Oil futures bounced off eight-month lows Tuesday, finding support as Hurricane Ian led to the shutdown of some platforms in the Gulf of Mexico and as a dollar rally takes Read more
If chip production is recovering, why are automakers still making fewer cars?
Automakers trimmed 76,000 vehicles from global production plans in mid-September, according to analysts from AutoForecast Solutions. They’ll produce about 3.23 million fewer this year than planned, the company says. Analysts Read more
Weekend reads: How to manage your finances when inflation is high and interest rates keeping shooting up
Financial markets have reacted in shock to the Federal Reserve’s strengthened vow to continue tightening of monetary policy to fight high inflation. The S&P 500 has declined 10.5% over the Read more
‘If the FDA is expected to do more, it needs more’: FDA investigation into baby-formula crisis points to its own shortcomings. But shortages persist.
The Food and Drug Administration spent months probing the nationwide shortage in baby formula, and conducted 40 interviews with more than 60 of its staff and leadership. As shortages still Read more
Moderna expects the shortage of its updated COVID-19 booster to soon be resolved
Moderna Inc. MRNA, -0.40% said Wednesday that it expects to resolve supply issues for its new COVID-19 booster “in the coming days.” Several media outlets reported this week that a Read more
Moderna expects the shortage of its updated COVID-19 booster to soon be resolved
Moderna Inc. MRNA, -0.74% said Wednesday that it expects to resolve supply issues for its new COVID-19 booster “in the coming days.” Several media outlets reported this week that a Read more
Opinion: Washington must stand firm on supporting domestic manufacturing of electric vehicles
The sprawling Inflation Reduction Act (IRA) that President Joe Biden signed last month touches on everything from Medicare costs and corporate stock buybacks to labor protections and clean-energy projects. However, it also Read more
Ford stock drops more than 4% as supply costs to jump by $1 billion, parts shortages to leave more cars unfinished
Ford Motor Co. shares dropped more than 4% on the extended session Monday after the auto maker reaffirmed its outlook but said inflation and parts shortages will leave it with Read more