Apple Issues Profit Warning, Cuts Revenue Outlook By $9 Billion Amid Pricey iPhone Sales Drop

tomorrow’s prices Apple CEO Tim Cook issued the Silicon Valley company’s first profit warning in 16 years, knocking $9 billion off its revenue outlook for the December quarter blaming the drop in iPhone sales on China’s slowing economy and consumers savvy-ness rather than on years of price gouging and the lack of product innovation. (Photo … Read more Apple Issues Profit Warning, Cuts Revenue Outlook By $9 Billion Amid Pricey iPhone Sales Drop

Nordstrom drops Ivanka Trump clothing line, accessories amid boycott

Nordstrom says it will stop selling Ivanka Trump clothing and accessories. The Seattle Times reports the Seattle-based department store chain said the decision was based on the sales performance of the first daughter’s brand. A Nordstrom spokesperson didn’t say whether the decision to stop buying the brand was permanent, only that they make buying decisions … Read more Nordstrom drops Ivanka Trump clothing line, accessories amid boycott

Lifestyle eyes loan amid downgrade concerns

On an average winter morning in Delhi, Jaipur, or Lucknow, local cloth and garment markets teem with Europeans. They are not tourists; they are entrepreneurs bulk-buying cloth and dress materials, fashion accessories, and furnishings for resale in Europe, at a substantial profit. The fact that the products of India’s millennia-old artisanal entrepreneurship enters the global … Read more Lifestyle eyes loan amid downgrade concerns

Child labour rises in Gaza amid soaring unemployment

Child labour has risen sharply in Gaza, where youngsters toiling in garages and on construction sites have become breadwinners for families feeling the brunt of the Palestinian enclave’s 43 percent unemployment rate. In the past five years, the number of working children between the ages of 10 and 17 has doubled to 9,700 in the … Read more Child labour rises in Gaza amid soaring unemployment