Russell Holly, senior editor at Android Central, shares his thoughts on what he saw this weekend at Mobile World Congress, or MWC. Samsung, Google, and others unveiled new hardware and software.
Samsung finally revealed its new flagship phone, the Galaxy S9. The phone will be priced at $719.99, far cheaper than Apple's iPhone X which costs $1,000. However, Holly notes the phone could be more expensive depending on which carrier you buy it from.
Nokia made a nostalgia play at MWC, showing off its new 8110 Reloaded phone. The phone is famous for an appearance in "The Matrix," and it's shaped like a banana. Since the phone is priced under $100, Holly says it could actually do quite well if Nokia can deliver.
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.
