Michael Simon, staff writer for PC World, previews Mobile World Congress kicking off this weekend in Spain. Samsung, LG, Sony, and others are all expected to unveil new phones.
Simon says Samsung is finally expected to show off its new flagship Galaxy S9 phone for the first time, featuring a Snapdragon 845 chip and its own take on Apple's Animojis. Samsung will have its own event separate from MWC to unveil the phone.
Other major tech manufacturers are looking to get in on the action. Simon explains LG is expected to update its phone, the V30S, while Sony is rumored to be revealing a new, curved phone.
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.
