Andres Cardenal, author at Seeking Alpha, discusses Apple as his "Idea of the Month," telling Cheddar why he thinks investors should buy on the stock despite a decrease in demand for iPhones last quarter.
We discuss Samsung's recent announcement that it will cut production on its OLED screens in response to slower iPhone X sales. We also tal about the HomePod and what it might mean for Apple's revenue in the near future.
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.
