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☆ The complicated partnership between Apple and OpenAI
▼ + stars: | 2024-06-14 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +9 min

Nearly an hour later, the iPhone maker announced a much-rumored partnership with OpenAI to bring its ChatGPT technology to devices later this year. “I think Apple will take a pragmatic approach to the OpenAI partnership,” Wood said. Apple said it will not share any personal user information with OpenAI, so inquiries made through ChatGPT won’t be linked to an Apple user’s account. So it came as no surprise when some industry watchers, including Elon Musk, were quick to react to Apple’s partnership with OpenAI. “When users do query ChatGPT, Apple will track the prompts and gather metrics to improve its own models,” he said.

Persons: Sam Altman, Steve Wozniak, OpenAI, Altman, Tim Cook, ”, Ben Wood, “ Apple, Siri, Apple, ” Wood, Jeff Chiu, It’s, ” Cook, it’ll, Wood, Reece Hayden, Elon Musk, Musk, ” Musk, Annette Zimmermann, ” Andrew Cornwall, Forrester, “ Organizations: CNN, Apple, Insight, Apple Intelligence, Nvidia, Microsoft, ChatGPT, ABI Research, Industry, OpenAI, SpaceX, Gartner Locations: China, Washington, Cupertino , Calif

☆ Apple apologizes for its controversial iPad Pro ad
▼ + stars: | 2024-05-09 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —Apple has apologized and admitted it “missed the mark” with its latest iPad Pro advertisement. The ad, posted on social media Tuesday by Apple CEO Tim Cook, was met with backlash from internet users who felt that the ad celebrated technology’s destruction of human creativity and art. As the metal slabs of the hydraulic press lift, Apple’s new iPad Pro is revealed. “Meet the new iPad Pro: the thinnest product we’ve ever created, the most advanced display we’ve ever produced, with the incredible power of the M4 chip. Actor Hugh Grant wrote on social media that Apple’s ad represented “the destruction of the human experience.”Apple no longer plans to run the ad on TV, according to AdAge.

Persons: Apple, “, Tim Cook, Tor Myhren, ” Myhren, ” Apple, ” Cook, ”, Hugh Grant Organizations: CNN, Apple

☆ Experimental gene therapy restores some vision in patients with inherited blindness
▼ + stars: | 2024-05-06 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +16 min

“Now, post-surgery and post recovery, I am able to see in dimmer lighting with my left eye,” Cook said. A treatment that used CRISPR was found to be safe and efficacious in improving vision among a small sample of patients with inherited blindness in the Phase 1/2 clinical trial that Cook participated in. Months following the treatment, Cook was sitting with friends on a balcony that had Christmas lights wrapped around the railing. Courtesy Olivia CookBefore the treatment, Cook said that she sometimes could conceal the vision challenges she has had. Mass Eye and EarKalberer described the CRISPR treatment as “groundbreaking,” but warned it’s not a cure.

Persons: Olivia Cook, Cook, ”, ” Cook, “, I’ve, “ I’d, you’d, CRISPR, Eric Pierce, Brigham, “ We’re, ” Pierce, Jason Comander, ‘, Michael Kalberer, Kalberer, it’s, “ It’s, It’s, Pierce, Editas, We’re, Art Caplan, ” Caplan, —, Vlad Diaconita, ” Diaconita, Dr, Sanjay Gupta, Aliaa Abdelhakim Organizations: CNN, Missouri State University, New England, of Medicine, Mass, Harvard Medical School, Editas Medicine, Perelman School of Medicine, University of Pennsylvania, University of Michigan, University of Miami, Oregon Health & Science University, US Food and Drug Administration, CEP290, pharma, NYU Grossman School, Medicine’s Department of Population Health, Columbia University Vagelos College of Physicians and Surgeons, CNN Health Locations: Springfield, United States, CEP290

☆ What it’s like to be a ‘glass child’
▼ + stars: | 2024-04-23 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +11 min

Meneses Maples refers to herself as an adult “glass child,” the sibling of a person with a mental or physical disability. How does a glass child disappear? It is important not to assume what the needs of a glass child are, said Missud, the New York psychotherapist. More than a decade after her TEDx presentation, Meneses Maples receives messages from parents of glass children seeking her advice. Meneses Maples said she hopes to inspire research on glass children by spreading the word through presentations and workshops.

Persons: Alicia Meneses Maples, David, Mario, Meneses Maples, didn’t, “, ” Meneses Maples, Antonio TEDx, Debbie Missud, Emily Holl, Missud, ” Holl, ‘, Holl, David couldn’t, Mario didn’t, ”, Shelley Cook, Laura Oliverio, Cook, Andrea, ” Cook, Cook didn’t, Shelley Cook “, Al Freedman, Freedman, Jack, Cara, Jack didn’t, ” Freedman, wasn’t, Alicia, Mario Meneses, Alicia Meneses Maples Meneses Maples, ‘ Alicia, ’ ” Meneses Maples, ’ ”, … Organizations: CNN, Hulu’s, Suncoast, Disney, Cure SMA Locations: Chicago, Antonio, New York City, Glenwood Springs , Colorado, York

☆ Why your favorite summer fruits are increasingly at risk
▼ + stars: | 2024-03-23 | by ( Rachel Ramirez | Elisa Raffa | ) edition.cnn.com time to read: +6 min

CNN —Peach trees are blooming at Jaemor Farms in Alto, Georgia, this week. Owner Drew Echols, a fifth-generation farmer, said it has become harder to predict when fruits like the iconic Georgia peaches would start blooming. Blooming peach trees are seen alongside a covered field of strawberries at Jaemor Farms in Alto, Georgia, on March 19, 2024. The fruits begin to bloom as temperatures warm, but when a cold spell comes back, they become susceptible to damage. Fruits like peaches, strawberries, mangoes and plums typically reach their peak ripeness during the summer months.

Persons: Drew Echols, he’s, ” Echols, “ You’re, Meridith Edwards, Echols, ” Louise Ferguson, Davis, Ferguson, Dorothy Suput, Ben Clark, Lane Turner, Benjamin Cook, ” Cook, ” Ferguson, Doug Engle, Suput, ” Suput, “, ” Organizations: CNN, University of California, National Oceanic, Atmospheric Administration, Croatan Institute, Boston Globe, Columbia University, NASA Goddard Institute for Space Studies, University of Florida, Science Research, Unit, Ocala Star Banner, USA Locations: Alto , Georgia, Georgia, Boston, New Hampshire, Ocala, New England

CNN —The University of Alabama at Birmingham health system is pausing in vitro fertilization (IVF) treatment following an Alabama Supreme Court ruling that found frozen embryos are children, the health system said in a statement to CNN. UAB said it was pausing IVF treatments while it evaluates the court’s decision. In the sole full dissenting opinion to the decision, Alabama Supreme Court Justice Greg Cook warned of the potential consequences. Critics have also expressed concerns the ruling creates a road map that groups and legislators across the country who have previously targeted fertility treatments can now follow. “This cruel ruling, and the subsequent decision by UAB’s health system, are horrifying signals of what’s to come across the country,” she said in her Wednesday statement.

Persons: “, —, Greg Cook, ” Cook, ”, Barbara Collura, ” Collura, Critics, – Organizations: CNN, The University of Alabama, Alabama Supreme, UAB, Alabama’s Medical, University of Alabama, Birmingham Locations: Birmingham, Alabama, UAB, Florida

“I didn’t even make it home, and you’re telling me that I got traded,” Tapani added, remembering what she told Minnesota GM Natalie Darwitz. The trade became the first to put CBA relocation clauses to the test, while creating some initial confusion among the players involved. Jaques and Cook left their cars behind, unsure of how to get them to their new cities. Cook said PWHL officials have been in contact to help with the challenges of relocation. “They’ve been asking and trying to learn about what we’re going through, so yeah, I think it’ll be different for the next lucky girl that gets traded,” Cook said.

Persons: Susanna Tapani, “, ” Tapani, Natalie Darwitz, Abby Cook, Sophie Jaques —, ” Jaques, PWHL, What’s, Jaques, Cook, they’re, Liz Schepers, Clair DeGeorge, Schepers, “ They’ve, ” Cook, ” Darwitz, Darwitz, Jacques, Lee Stecklein, Danielle Marmer, Marmer, ’ ”, GM Don Sweeney, Tapani, ”, it’s Organizations: hockey, Hockey, Minnesota, Tapani, NHL, Ohio, Boston, NHL's Bruins, GM, ” Locations: Twin Cities, Boston, Minnesota, Finland, Sweden, Russia

☆ Russ Cook: After running almost 7,500 miles across Africa, this man’s epic odyssey hangs in the balance
▼ + stars: | 2024-01-25 | by ( Ben Church | ) edition.cnn.com time to read: +3 min

Over the last nine months, Russ Cook has run almost 7,500 miles across 13 different countries and is currently in Senegal with his small support crew. But despite all his efforts, which have involved running more than a marathon a day on average, Cook took to social media Tuesday to announce that his epic journey was facing a diplomatic impasse. Cook had planned to finish his odyssey at the most northerly tip of Africa in Tunisia, but must access Algeria through the Mauritania border first. “If we don’t get them, then it’s game over for Project Africa,” Cook said on X, formerly known as Twitter. Starting at the most southerly point in South Africa, Cook is running all the way to Tunisia.

Persons: Russ Cook, Cook, ” Cook, ”, Alexander Stafford, UK’s, Harry Gallimore, “ Organizations: CNN, Project Africa, Parliamentary Group, Foreign, Commonwealth & Development, ” CNN Locations: Africa, Senegal, Tunisia, Algeria, Mauritania, Algerian, South Africa

(AP) — Even John Harbaugh isn't sure what to expect from Dalvin Cook this weekend. Harbaugh says the running back will be an option Saturday when the Ravens play their postseason opener against the Houston Texans. And Gus Edwards ran for 810 yards and 13 touchdowns for the Ravens during the regular season. The Ravens waived Melvin Gordon III and signed Cook from the practice squad to the active roster. I’m ready to give it all I have — everything I have in the tank,” Cook said.

Persons: OWINGS MILLS, John Harbaugh isn't, Dalvin Cook, “, ” Harbaugh, ” Cook, Baltimore's, Harbaugh, Lamar Jackson, there's, Dobbins, Achilles, Keaton Mitchell, Gus Edwards, He's, Mitchell, Hill, Cook, Melvin Gordon III, “ I’m, SportRadar, Michael Bennett, Ben Tate, he'd, Le'Veon Bell, Tate, Gus, You've, they’ll, ” Organizations: New York Jets, Ravens, Houston Texans, NFL, Tampa Bay, Indianapolis, Cleveland, Star, Steelers, Baltimore, Pittsburgh Locations: Md, Baltimore, J.K, San Diego, Pittsburgh, Minnesota, New, Dalvin

SAN FRANCISCO (AP) — K-pop superstar Rosé said Friday at a mental health awareness event hosted by first lady Jill Biden that it's important for the world to understand that famous people grapple with emotional struggles, too. Rosé, a part of the supergroup BLACKPINK, said having a large social media following makes her feel vulnerable, particularly when people are critical. “People who are older -- we never, ever spoke about mental health,” Biden said. Apple CEO Tim Cook opened the event but blanked briefly when the teleprompter went out. Cook recovered, telling the crowd he'd “go ahead and ad lib," then thanked everyone for coming and introduced the first lady.

Persons: —, Rosé, Jill Biden, there’s, ”, ” Biden, Vivek Murthy, Tim Cook, “, Cook, Wan, Wan Ismail, you’ve, ” Cook, ” Kim Keon Hee, Rachael Marape, Louise Araneta Organizations: FRANCISCO, Apple, Economic Cooperation, Marcos Locations: Cupertino, Asia, Pacific, California, Malaysia, South Korea, Papua New Guinea, Philippines

WASHINGTON (AP) — A project to build a first-of-a-kind small modular nuclear reactor power plant was terminated Wednesday, another blow to the Biden administration's clean energy agenda following cancellations last week of two major offshore wind projects. Oregon-based NuScale Power has the only small modular nuclear reactor design certified for use in the United States. “We absolutely need advanced nuclear energy technology to meet (the Biden administration’s) ambitious clean energy goals,'' spokeswoman Charisma Troiano said. In 2020, the Trump administration approved up to $1.4 billion for the project, known as the Carbon Free Power Project. Most prospective subscribers were unwilling to take on the risks associated with developing a first-of-a-kind nuclear project, the Utah group said.

Persons: Joe Biden's, Biden, Charisma Troiano, “, Timothy Fox, Fox, Trump, Obama, John Hopkins, NuScale, Ken Cook, ” Cook, ___ McDermott Organizations: WASHINGTON, Biden, Idaho National Laboratory, Energy Department, DOE, ClearView Energy Partners, The Energy Department, Energy Department's, Energy Department's Idaho National Laboratory, Carbon, Power, Congress, Utah Associated Municipal Power Systems, Nuclear Energy Institute, Environmental, U.S . Nuclear Regulatory Commission, AP Locations: Oregon, United States, Utah, Idaho, New Jersey, U.S, Washington, Idaho Falls , Idaho, Energy Department's Idaho, California, Providence , Rhode Island

☆ Apple hints at an AI-focused future and ‘scary fast’ upgrades
▼ + stars: | 2023-11-01 | by ( Samantha Kelly | ) edition.cnn.com time to read: +4 min

The focus of the event, which featured the tagline “scary fast,” was Apple’s new custom-made M3 chips, the M3, M3 Pro and M3 Pro Max. The chips will ship with Apple’s latest MacBook Pro and iMac lineup. “This deep integration is something only Apple can deliver, and we never stop innovating.”At a time companies such as Microsoft, Google and Meta have openly discussed their plans for an AI future, Apple has been less forthcoming. Apple said it shipped about 26 million Macs in 2022, making up 9.1% of the overall market (up from 7.8% the year prior). At the same time, the overall PC market shipped about 292 million computers the same year, down 15% from the year before.

Persons: Tim Cook –, –, they’re, ” Cook, Apple, ”, Dipanjan Chatterjee, Forrester, “, Tim Cook, Chatterjee, David McQueen, ” McQueen, Kieren Jessop Organizations: CNN, Apple, Max, Microsoft, Google, Meta, Lenovo, Dell, HP, IDC Research, Apple Music, ABI Research, Intel, Qualcomm, AMD, NVIDIA, MacBook Locations: Cupertino , California, China

“This feels like a really precarious spot.”In Pennsylvania, officials estimate 40 of the state’s 67 county election offices have new directors or deputy directors since 2020. In North Carolina, where the Republican Legislature recently moved to gain more control of state and local election boards, roughly a third of 100 county election directors have left since the 2020 election. Of the local election office, Fitzgerald said he knows they are trying to improve: “But they are not coming through when you need them the most,” he said. Local election officials were in a tough position trying to explain what happened given the active investigation, Sanguedolce said. She recalls angry voters showing up at the election office, contentious public meetings and law enforcement officials warning her about threats.

Persons: Emily Cook, “, ”, Cook, Jennifer Morrell, Al Schmidt, Schmidt, ” Schmidt, “ We’ve, ‘, ’ ”, Walter Griffith Jr, you’re, Griffith, “ They’re, Denise Williams, I’ve, ” Cook, we’ve, Theodore “ T.J, ” Fitzgerald, Al Gore, John Kerry, Barack Obama, Fitzgerald, Sam Sanguedolce, Sanguedolce, Bryan Steil, Romilda Crocamo, ” Crocamo, I’m Organizations: Republicans, Republican Legislature, Republican, ” Lawmakers, Justice Department, Democrat, Trump, U.S . Rep, Cook, Associated Press, AP Locations: BARRE, Pa, Pennsylvania, Luzerne County, Utah, Colorado, ”, In Nevada, Arizona, North Carolina, Philadelphia, Illinois, Luzerne County’s

BOWLING GREEN, Ky. (AP) — Republican voter Mark Cook stuck with his party in Kentucky's last election for governor. Once again, Warren County, which includes the leafy, fast-growing college town of Bowling Green, looms as a potential swing area. Those undecided voters included Carol Martin of Bowling Green, who wanted to hear more from both candidates. “I believe him," the retiree said while strolling through a downtown Bowling Green park. "And what you see is what you get.”A Republican lawmaker from Bowling Green had a different view.

Persons: Mark Cook, Andy Beshear, Cook, Donald Trump, Joe Biden, Beshear, “ He's, ” Cook, “ I’ve, I’m, Daniel Cameron, Kentuckians, Matt Bevin, Trump, Cameron, ”, Scott Lasley, “, Carol Martin, Martin, “ I’m, Bevin, Dale Chaffin, Chaffin, Still, what's, Donald Kubeny, Roe, Wade, he’s, Linda King's, ” King, Gary Jolly, Susann Davis, ” Davis, Olivia Thomas, Patti Minter, it’s, Minter, Sen, Mike Wilson, Daniel Organizations: — Republican, Republican, Democratic, Bluegrass State, ”, Beshear, Western Kentucky University, National Corvette Museum, Bowling Green, Northern Kentucky University, “, Democrat, Cameron, Supreme, Bowling, GOP, reined, Former, Bowling Green Democrat Locations: Ky, Kentucky's, Kentucky, Bowling, Appalachia, Mississippi, Warren County, It's, Louisville, Western Kentucky, Fayette County, Lexington, ”, Highland Heights, bologna, U.S, Bowling Green

(AP) — Missouri quarterback Brady Cook spent most of last season playing through a shoulder injury so severe it required offseason surgery. 15 Kansas State, some in a sea of yellow even booed their starting quarterback. “That pissed me off when we booed our starting quarterback to start the game. “That's why he's the starting quarterback,” Drinkwitz said sharply. Quit asking me about it.”Perhaps it's time to ask what Cook and the Tigers can do this season.

Persons: Brady Cook, Louis —, Tigers —, pining, Eli Drinkwitz, Sam Horn, Cook, Harrison Mevis, ” Cook, “, Drinkwitz, That's, Bill Snyder, Horn, Luther Burden III, Mookie Cooper, Theo Wease, ” Drinkwitz, He's, Louis, Gary Pinkel, “ It's, I've Organizations: COLUMBIA, — Missouri, Tigers, Kansas State, Wildcats, SEC, South, Middle Tennessee State, Memphis, Oklahoma State, Cotton Bowl, Rams, Chaminade, Vanderbilt, LSU, Kentucky, AP Locations: Mo, Kansas, Manhattan, South Dakota, Middle, Missouri, South Carolina, Georgia, Florida, Tennessee, Arkansas

☆ Nebraska volleyball sets world record for attendance at a women’s sporting event, at above 92,000, school says
▼ + stars: | 2023-08-30 | by ( Jacob Lev | ) edition.cnn.com time to read: +2 min

CNN —Memorial Stadium was the place to be on Wednesday night when the University of Nebraska women’s volleyball team hosted in-state opponent Omaha. The official attendance of 92,003 in Lincoln – at what normally is the university’s football stadium – set the world record for the largest announced crowd at a women’s sporting event, according to the school. “Nebraska has the best fan base in the world, the best volleyball fans in the world,” Albert said before introducing head coach John Cook. “And I was thinking this morning, there’s only three things that shut down the University of Nebraska: 1) snowstorms, 2) Covid, 3) Nebraska volleyball in the stadium. During what the school called “Volleyball Day,” the record-setting crowd gave a roaring ovation to the fourth-ranked Nebraska volleyball team as players walked onto the court.

Persons: Trev Alberts, ” Albert, John Cook, Cook, there’s, ” Cook, wasn’t, Bob Devaney Organizations: CNN —, University of Nebraska women’s, Omaha, Lincoln –, –, UEFA Champions League, Barcelona, Wolfsburg, Camp, University of Nebraska, Nebraska, Rose Bowl, Huskers, Bob Devaney Sports Center, NCAA, Nationwide Arena Locations: Lincoln, Barcelona, Spain, Camp Nou, Nebraska, “ Nebraska, United States, China, Pasadena , California, Wisconsin, Columbus , Ohio

☆ Apple’s sales fall for the third consecutive quarter
▼ + stars: | 2023-08-03 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +3 min

The company said its services revenue reached a new all-time high of $21.2 billion. The services business — which includes Apple Music and Apple TV+ — is an increasingly important revenue driver for Apple. iPhone revenue came in at $39.7 billion for the quarter, marking an approximately 2% year-over-year decline. Mac revenue was $6.8 billion for the quarter, a 7% drop, and iPad revenue was down nearly 20%. Apple’s June quarter is typically the slowest of the year for the tech giant, which usually unveils new iPhone models in September.

Persons: CNN — Apple, Tim Cook, ” Cook, Cook, “, we’ll, Apple’s, ” Jesse Cohen, Luca Maestri Organizations: CNN, Apple Music, Apple, Air, Services, Global, Gartner, IDC

☆ Roller coaster riders stuck upside down for hours at Wisconsin festival
▼ + stars: | 2023-07-04 | by ( Christina Zdanowicz | ) edition.cnn.com time to read: +3 min

CNN —Festivalgoers got more of an adventure than they bargained for Sunday when a roller coaster ride got stuck at a fair in Wisconsin, leaving them hanging upside down for hours. Eight passengers were left suspended when a mechanical failure stalled the ride at the Forest County Festival in Crandon, Wisconsin, the Crandon Fire Department said. Emergency personnel work to remove people from a stuck roller coaster in Crandon, Wisconsin, on July 2. Emergency personnel stand by as eight people are removed from a stuck roller coaster in Crandon, Wisconsin. The ordeal came two days after a father spotted a crack in a steel support pillar at the top of a roller coaster at Carowinds amusement park in Charlotte, North Carolina.

Persons: CNN — Festivalgoers, Brennan Cook, WJFW, ” Erica Kostichka, Kostichka, ” Cook Organizations: CNN, Crandon Fire Department, Antigo, EMS, WAOW, Fire Department, Firefighters Locations: Wisconsin, Forest, Crandon , Wisconsin, Charlotte , North Carolina, Rhinelander

Inflation has "started to abate" but the Fed will remain focused on returning it to the 2% target, Fed governor and vice chair nominee Philip Jefferson said in testimony prepared for his confirmation hearing on Wednesday before the Senate Banking Committee. "The economy faces multiple challenges, including inflation, banking-sector stress, and geopolitical instability. "Inflation has started to abate, and I remain focused on returning it to our 2% target." As a group, Fed policymakers last week signaled two more interest-rate hikes are likely by the end of the year. The Senate Banking committee on Tuesday also released prepared remarks from Fed Board nominee Adriana Kugler, who said returning inflation to the central bank's 2% target is key to setting a strong foundation for the U.S. economy.

Persons: Philip Jefferson, Jefferson, Lisa Cook, ” Cook, Cook, Adriana Kugler, " Kugler, Kugler, Bob Menendez, Menendez, Howard Schneider, Michael S, Dan Burns, Ann Saphir, Matthew Lewis Organizations: Reserve, Committee, Federal, World Bank, Fed, of Governors, Senate, Derby, Thomson Locations: Washington, U.S, New York, Berkeley , California

☆ For Apple, emerging markets like Vietnam, India and Indonesia are 'a golden opportunity' right now
▼ + stars: | 2023-05-19 | by ( Michelle Toh | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —Apple launched an online store in Vietnam this week, in another nod to the growing importance of emerging markets for the iPhone maker. Markets like Vietnam, India and Indonesia are becoming more important for Apple as its growth in developed markets, including China, slows down, prompting the company to focus on places where it’s traditionally been less active. “Clearly, growth has slowed globally and thus put more pressure [on Apple] to aggressively go after emerging markets,” said Daniel Ives, managing director of Wedbush Securities. This has “been the core part of its success in China that now can be replicated in India, Indonesia, and Vietnam, among others,” said Ives. And while consumers are becoming more affluent, the company’s price points are still considered high in many emerging markets, noted Ives.

☆ 10 ‘spring-cleaning’ tips to help you feel better in your body
▼ + stars: | 2023-04-28 | by ( Dana Santas | ) edition.cnn.com time to read: +8 min

Imagine how great you would feel if you took that same spring-cleaning approach to your body — your living, breathing home. But what about taking a closer look at how you fuel and move your body — and making healthy changes to clean up those areas? That’s why I enlisted the help of two nutrition and human movement experts to provide 10 “spring-cleaning” tips to avoid injury, move pain-free, reduce inflammation, maintain a healthy weight and generally feel better in your body. Breathe better to move better and feel betterBreathing plays a vital role in how you think, feel and move. Just like the physical and mental benefits of traditional spring-cleaning within your home, these 10 tips will refresh and revitalize your body and mind in noticeably positive ways.

☆ Fed's Cook sees a less certain outlook for future of monetary policy
▼ + stars: | 2023-04-21 | by ( Michael S. Derby | ) www.reuters.com time to read: +2 min

Officials have signaled that they expect to raise rates by a quarter percentage point to between 5% and 5.25%, matching market expectations. But they are also unclear how much credit conditions might tighten and restrain growth as a result of the banking sector turbulence. In her remarks, Cook said that inflation has been moving down but underlying price pressures still remain strong and embedded in the economy. Cook also said the labor market remains strong but there are signs that’s also starting to slow down. “Wage growth has moderated somewhat from the rates reached about a year ago” and “indicators of hiring have slowed,” Cook said.

“From education and developers to manufacturing and the environment, we’re committed to growing and investing across the country,” Cook wrote on Twitter following the meeting. The California-based giant is the world’s second biggest smartphone maker behind Samsung (SSNLF), but its 6% share of the Indian market remains small. Apple has also been ramping up its manufacturing in India, where it first began making iPhones in 2017. In recent months, it has expanded production there after suffering supply chain snags in mainland China, which accounts for the bulk of its smartphone manufacturing. Last month, Foxconn CEO Young Liu also spent a week in the country and met with Modi.

☆ China Development Forum: Li Qiang rolls out the welcome wagon for foreign companies
▼ + stars: | 2023-03-28 | by ( Laura He | ) edition.cnn.com time to read: +4 min

“China’s economy has been deeply integrated into the global division of labor.”Li pledged that the country will align with international economic and trade rules, give equal treatment to foreign investment and facilitate trade and investment by removing government controls. Worries about foreign investmentConcerns about foreign capital leaving China have grown. To boost business confidence, China’s new economic leadership is trying to reassure foreign business and the domestic private sector. “You are not foreigners, but family,” Wang Wentao, the commerce minister, told attendees at the China Development Forum. In a meeting with Cook on Monday, he said China is willing to “provide a good environment and services” for foreign enterprises including Apple.

☆ Squeezed by inflation, families are tightening their holiday budgets
▼ + stars: | 2022-12-12 | by ( Gabe Cohen | ) edition.cnn.com time to read: +3 min

New York CNN —Anya Remy is Christmas shopping for her family on a stricter budget than ever before. Remy, a human resources professional in Maryland, has felt the pain of high inflation in recent months. The same poll found 42% plan to spend less on gifts this season and only 8% plan to spend more. Overall holiday spending hasn’t slowed yet, according to the National Retail Federation, but many families are making sacrifices to buy presents for their loved ones. “I don’t want them to be upset.”Recession concerns are also impacting family spending.

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