All articles tagged with #services
Originally Published 1 month ago — by Reuters
China's factory activity has contracted for the eighth consecutive month in November, with manufacturing PMI at 49.2 and services shrinking for the first time in nearly three years, reflecting ongoing economic challenges and the need for structural reforms amid a global slowdown and trade tensions.
Originally Published 2 months ago — by Investor's Business Daily
Apple reported a record September quarter with strong iPhone and services revenue, beating estimates and guiding higher for the current quarter, leading to a stock increase.
Originally Published 2 months ago — by Apple
Apple reported a record-breaking Q4 2025 with $102.5 billion in revenue, driven by new product launches including the iPhone 17 lineup and record-high revenue in services, with earnings per share up 13% year over year.
Originally Published 3 months ago — by Wolf Street
Inflation is rising in the US services sector, with the PCE Price Index showing acceleration, despite Fed Chair Powell's claims to the contrary, while durable goods prices continue to decline, reflecting changing consumer behavior and market conditions.
Originally Published 3 months ago — by Barron's
Analysts highlight Apple's strong position in AI and services driving sustained growth, alongside positive outlooks for companies like Shake Shack, Wells Fargo, and Autodesk, based on recent research reports.
Originally Published 4 months ago — by Wolf Street
Inflation in core services, which account for two-thirds of consumer spending, continues to accelerate, driven by non-housing services, while durable goods prices, affected by tariffs, have turned negative. Overall, inflation remains above the Fed's 2% target, with services inflation being particularly persistent and difficult to control, and companies still enjoying high profits despite the challenging pricing environment.
Originally Published 5 months ago — by Financial Times
The European Union is preparing a list of potential tariffs on US services as part of ongoing trade negotiations or disputes.
Originally Published 1 year ago — by WOLF STREET
The Producer Price Index (PPI) has seen significant upward revisions, particularly in the services sector, which constitutes 67% of the PPI. This has led to a notable acceleration in inflation, with the overall PPI for final demand rising by 3.0% year-over-year in November, the fastest since February 2023. Core PPI, excluding food and energy, also accelerated to 3.4% year-over-year. The revisions highlight that inflation in services has been much higher than previously reported, while goods prices are also re-accelerating.
Originally Published 1 year ago — by NPR
Despite lagging behind China in manufacturing, India has the potential to succeed economically by focusing on its growing services sector, argues economist Raghuram Rajan. He suggests that India should shift its strategy from manufacturing to enhancing education, building world-class universities, and creating a business-friendly environment to capitalize on its demographic dividend and large English-speaking population.
Originally Published 1 year ago — by Reuters
Apple experienced outages affecting its App Store, Apple TV+, Apple Music, Apple Fitness+, and other services globally, including in the United States, Britain, India, China, and Australia. The issues, which began at about 2213 GMT on Wednesday, were resolved after more than an hour. Over 6,400 users reported problems with the App Store, and both Apple TV+ and Apple Music had over 1,000 reports at the peak of the outage in the United States. Apple did not provide a comment on the cause of the outages.
Originally Published 1 year ago — by MacRumors
A widespread outage has affected numerous Apple services, including the App Store, Apple Music, and Apple TV+, among others. Some users have reported partial access to certain features, while Apple works to resolve the issues. Additionally, Apple Business Manager and Apple School Manager have also experienced disruptions. The outage has impacted various services, but Apple has begun restoring functionality for some users.
Originally Published 1 year ago — by ForexLive
China's official manufacturing PMI for March 2024 exceeded expectations at 50.8, while the services PMI also beat forecasts at 53.0. The country's economy has shown strength at the start of the year, with analysts upgrading GDP forecasts and recent data for January-February surpassing expectations. Stimulus measures and additional treasury bonds are expected to further boost infrastructure and manufacturing investment, although challenges persist due to the debt troubles in the property sector.
Originally Published 1 year ago — by Yahoo Finance
As Apple shifts focus to its services segment, the company faces increased scrutiny and legal challenges over its business practices and market dominance. While iPhone sales still drive the majority of revenue, the growth of services has become a crucial part of Apple's business strategy. However, this has also attracted antitrust attention, with regulators questioning the company's control over its closed ecosystem and the potential for monopoly power. The conflict between Apple's portrayal of its ecosystem as secure and vibrant versus the grievances of users and developers over exclusion and lock-in may ultimately be decided in a courtroom battle.
Originally Published 1 year ago — by WOLF STREET
The Producer Price Index (PPI) for final demand services and finished core goods spiked in January, with services inflation jumping by 0.57% and finished core goods inflation increasing by 0.40%. This surge in inflation is concerning as it may lead to higher overall inflation measures, particularly due to services' significant weight in both producer and consumer inflation baskets. The sudden increase in inflation for services and core goods is a disconcerting development, potentially signaling a shift away from the previous disinflation momentum.
Originally Published 1 year ago — by Reuters
US producer prices rose 0.3% in January, with a 0.9% year-on-year increase, driven by strong gains in service costs such as hospital outpatient care and portfolio management, raising concerns about inflation. Single-family housing starts dropped 4.7% due to harsh weather, but permits for future construction rose 1.6%. Financial markets are adjusting expectations for Federal Reserve interest rate cuts as the Fed continues to monitor inflation.