Monthly Archives: October 2022

GOP lawmakers are bashing Biden for driving up inflation, but they could make it worse by extending Trump’s tax cuts

Former President Donald Trump (L), President Joe Biden (R). Tom Williams/CQ-Roll Call, Inc via Getty Images Republicans are eyeing a midterm victory as a method to extend Trump’s tax cuts. But doing so could cause inflation to rise — something the GOP has criticized Biden for doing. Biden continues to resist Trump’s tax policies but…

Investors still haven’t priced in the impact on stocks of higher-for-longer oil prices as OPEC+ embarks on production cuts, Bank of America says

US oil exports jumped last week to a record high. George Frey/Getty Images The market isn’t pricing in the higher-for-longer environment in oil prices, Bank of America said Monday.  Oil prices look set to increase following the decision by OPEC+ to cut production.  But Wall Street analysts currently expect earnings for the S&P 500 Consumer…

An unopened first-generation iPhone from 2007 still in its original box has sold for more than $39,000 at auction

Apple CEO Steve Jobs holds up the new iPhone that was introduced at Macworld on January 9, 2007. David Paul Morris/Getty Images A first-generation iPhone from 2007, still unopened in its original box, has fetched more than $39,000 at auction. That’s more than 65 times its original price of $599, or roughly $860 in today’s…

Apple Music Spatial Audio is hitting the road, but it’ll cost you

The Dolby Atmos-powered Apple Music Spatial Audio technology coming to new Mercedes-Benz cars as part of the MBUX experience, Apple and the German automaker have announced. The partnership will see Mercedes emerge as the first manufacturer to natively support the immersive audio standard, which is designed to mimic 360-degree sound. Mercedes is also the first…