Step into a world where the focus is keenly set on Apple Stock. Within the confines of this article, a tapestry of references to Apple Stock awaits your exploration. If your pursuit involves unraveling the depths of Apple Stock, you've arrived at the perfect destination.
Our narrative unfolds with a wealth of insights surrounding Apple Stock. This is not just a standard article; it's a curated journey into the facets and intricacies of Apple Stock. Whether you're thirsting for comprehensive knowledge or just a glimpse into the universe of Apple Stock, this promises to be an enriching experience.
The spotlight is firmly on Apple Stock, and as you navigate through the text on these digital pages, you'll discover an extensive array of information centered around Apple Stock. This is more than mere information; it's an invitation to immerse yourself in the enthralling world of Apple Stock.
So, if you're eager to satisfy your curiosity about Apple Stock, your journey commences here. Let's embark together on a captivating odyssey through the myriad dimensions of Apple Stock.
Framework computer llc stock framework laptop company stock framework computer inc stock what framework is on my computer framework computer inc stock price it framework for new company framework laptop company stock framework computer inc stock price computer company name ideas
Computer company Framework wants you to upgrade and repair your laptop
Computer company Framework wants you to upgrade and repair your laptop
Framework
A common complaint about modern laptops is that they're essentially sealed boxes with no user-serviceable parts inside. A new tech startup, Framework, wants to bring the DIY vibe back to portable PCs with laptops that encourage tinkering and upgrading.
Laptops used to come with removable batteries at least, and sometimes they'd have upgradable RAM, storage or even GPUs. Today, that's the rare exception to the rule, especially with companies such as Apple integrating batteries tightly into the design -- MacBooks are essentially laptop-shaped batteries with tiny bits of computer wrapped around them. Many manufacturers now also solder RAM and storage directly to the motherboard.
Expansion bays allow for swappable ports.
Framework
The Framework Laptop is a 13.5-inch system that the company says was designed to, "empower you with great products you can easily customize, upgrade, and repair, increasing longevity and reducing e-waste in the process."
In this case, that means an expansion card system, socketed storage and RAM and a (hypothetically) replaceable main board and central processing unit. Also, "high-use parts like the battery, screen, keyboard and color-customizable magnetic-attach bezel are easy to replace, with spares available directly through our web store."
It sounds like a great idea, at least on paper, and the four accessory bays can choose between housing inserts for USB-C, USB-A, HDMI, DisplayPort, MicroSD, extra storage or even a dedicated headphone amp.
The base system will weigh just under 3 pounds and be 15.9mm thick. Other key specs include:
13.5-inch, 3:2 aspect ratio 2256x1504 display
1080p 60fps webcam
57Wh replaceable battery
11th Gen Intel Core Processors
Wi-Fi 6
Up to 64GB of DDR4 memory and 4TB of storage
The Framework company was founded by Nirav Patel, one of the early members of the Oculus team dating back to its Kickstarter days, and later the company's head of hardware. Pricing, exact specs and availability details for the Framework Laptop line will be forthcoming, with an expected launch this summer. Three base models will ship with Windows 10 Home or Pro, and a DIY edition will let you install your OS of choice -- yes, even Linux.
Apple s new macbook air adds faster m2 chip for 1 199 000 apple s new macbook air adds faster m2 chip for imac apple s new macbook air adds faster m21 apple s new macbook air addshoppers apple s new macbook pro apple s new products apple s new update apple store apple stock apple spice junction
Apple's New MacBook Air Adds Faster M2 Chip for $1,199
Apple's New MacBook Air Adds Faster M2 Chip for $1,199
This story is part of WWDC 2022, CNET's complete coverage from and about Apple's annual developers conference.
A redesigned MacBook Air was one of the highlight announcements at Apple's Worldwide Developers Conference on Monday. The light MacBook, which hadn't been updated since late 2020, now gets the second-gen Apple Silicon chip, called the M2, a fanless body available in four colors and a new 13.6-inch Liquid Retina display.
The new 13.6-inch MacBook Air for 2022 follows the design of the current MacBook Pro 14- and Pro 16-inch models released late last year. Like those, it has a chunkier, squared-off look that's almost retro-feeling instead of the gently curved lids tapering to a point that previously gave the Air more of a wedge shape.
The 2022 Air didn't receive all of the additional ports of the 2021 Pro models: There's no SD card slot, it doesn't get an HDMI output for an external display and it has just two USB-C Thunderbolt ports. However, the updated Air does have MagSafe charging.
The new fanless body is available in four colors: silver, space gray, starlight and midnight. The laptop is just 11.3 millimeters thick and weighs only 2.7 pounds (1.2 kilograms). The new 13.6-inch Liquid Retina display is 25% brighter than its predecessor's screen, reaching 500 nits and support for 1 billion colors.
Above the display is an updated 1080p camera joined by a three-mic array and a four-speaker sound system. This should all really improve video calls. Apple said it will also have support for Dolby Atmos spatial audio. The Magic keyboard has a full row of function keys with Touch ID as well as a large Force Touch trackpad.
Apple said with the new M2 chip, Final Cut Pro performance is nearly 40% faster than on the M1 Air and Photoshop is up to 20% faster. Battery life is up to 18 hours of video playback and with an optional 67-watt power adapter it can charge up to 50% in 30 minutes.
The redesigned M2 MacBook Air arrives in July starting at $1,199 (£1,249, AU$1,899) with the M2 with an eight-core CPU and eight-core GPU, 8GB of memory and a 256GB solid-state drive. A $1,499 version has an M2 chip with an eight-core CPU and 10-core GPU, 8GB of memory and a 512GB SSD. The M1 MacBook Air stays in the lineup as well for $999 (£999, AU$1,499).
For more, check out everything Apple announced at WWDC, from MacOS Ventura to iOS 16. Plus, here's what you should know about the new MacBook Pro.
Apple m1 ipad pro may apple m1 mac review apple mac mini m1 deals m1 ipad stock availability apple m1 ipad pro price apple m1 ipad review mac apps on ipad pro m1 apple m1 ipad pro may apple s ipads apple student discount canada
Apple's iPad and M1 Mac Sales May Tell Us Whether the Chip Shortage Is Finally Ending
Apple's iPad and M1 Mac Sales May Tell Us Whether the Chip Shortage Is Finally Ending
Two years ago, Apple was one of the first companies to warn that the COVID-19 pandemic was impacting global manufacturing. Now the tech giant may offer the first signs that things are improving.
Apple will announce its earnings for its second fiscal quarter after market close Thursday. Usually, Apple executives who discuss the results with analysts on a public conference call like to talk about how popular its products are and how exciting the next ones will be. But over the past year, they've also increasingly warned that they're struggling to build enough iPads and Macs to meet demand, missing out on billions of dollars in potential sales.
Though Apple isn't providing forward-looking guidance during the pandemic, analysts on average expect the company to report $1.43 in profit per share on $93.9 billion in sales for the three months ended in March, according to surveys published by Yahoo Finance. That would amount to a 2% increase in profit per share from the same time a year ago and roughly 4% increase in sales.
Assuming Apple meets or beats those expectations, analysts say it's likely the iPhone and its associated accessories made the biggest difference. And that's even though demand for its Mac computers and iPad tablets has risen to record levels.
"We believe demand for the iPhone 13 held up better than expected through the end of the March quarter," Morgan Stanley analyst Katy Huberty wrote in a note to investors last week. "iPhone data points out of China were notably strong in the face of broader market weakness."
The chip shortage has impacted a lot of companies, ranging from car makers to appliance manufacturers.
Scott Stein/CNET
Whatever Apple says will likely be seen as a bellwether for the tech industry, which has struggled with supply shortages, particularly as demand for computers, tablets and cameras and other technology jumped amid the pandemic.
The ongoing supply shortages have rippled throughout the global economy, slowing production of everything from cars to medical equipment. The constrained supplies have also pushed prices higher, contributing to inflation.
Apple and other tech companies have vowed to increase production in the US to help offset slowdowns in international shipping and manufacturing, but many of those projects are still years from completion. In the meantime, some supplies of chips have improved.
Analysts will likely be listening for any further signs from Apple on Thursday, particularly as the world struggles war started by Russia invading Ukraine. Lockdowns from another wave of rising COVID infections in China have shuttered ports In Shanghai and others cities, further contributing to shipping delays.
Bernstein analyst Toni Sacconaghi said in a note to investors Monday that consumers appear to be slowing their spending binge that was a hallmark of the pandemic. "With slowing growth, high inflation and geopolitical uncertainty tied to the Russia-Ukraine conflict," he wrote, "consumer sentiment appears to be waning."
There are also signs that the manufacturing slowdowns may still impact financial results for the summer, particularly as Evercore ISI analyst Amit Daryanani noted that factories that make about 20% of iPhones were shut down this month amid rising health concerns. "Revenue growth will likely decelerate," he wrote in typical Wall Street lingo on Monday, adding that sales may drop more than even some analysts may be expecting.
The best amazon cyber monday deals you will always win the best amazon cyber monday deals youtube the best amazon cyber monday mouse traps that work the best amazon the best amazon course ever the best amazon products laughter is the best medicine
The best Amazon Cyber Monday deals you can get right now
The best Amazon Cyber Monday deals you can get right now
This story is part of Gift Guide, our year-round collection of the best gift ideas.
mBlack Friday chaos is winding down and Cyber Monday is your last day to get in on some of the best deals of the year. Major retailers including Best Buy, Walmart and Target all have their final waves of deals live today, and Amazon is no exception, offering big savings on headphones, laptops, TVs, vacuums and more. You can see the entire selection of sales on Amazon's Cyber Monday homepage. But with only a couple of hours left on these discounts, we've gone ahead and sorted through page after page of deals so you can shop for the best offers without the legwork. Browse our list of the top Cyber Monday deals at Amazon below.
Latest Cyber Monday deals
As stock starts to dwindle after the madness of last week, sale items can come and go pretty quickly. We'll keep updating this page with the latest restocks and new deals, so be sure to check back often for the latest. These are current as of Monday, Nov. 29.
Amazon Cyber Monday deals at a glance
Amazon Cyber Monday PC deals
Amazon's Cyber Monday PC deals include a wide variety of Chromebook models, some tablets and a whole bunch of PC accessories like storage, keyboards, headsets and more.
Belkin
The $35 Belkin Power Strip is down to $25. This powerful addition to your work desk comes with a single compact surge-protected extension cord. You get 10 surge-protection AC outlets for charging your computer, laptop, phone, camera and more.
Andrew Hoyle/CNET
The Chromebook Flex 3 from Lenovo features an 11.6-inch display, 4GB of RAM, 64GB of storage and up to 10 hours of battery life per charge. While not designed for intense gaming or video editing, Chromebooks are great for web browsing, social use, document creation and more. This Chromebook should get updates through June 2028.
More great Amazon Cyber Monday PC deals:
More great Amazon Cyber Monday PC accessory deals:
Amazon Cyber Monday Echo and Fire device deals
More great Amazon Cyber Monday Echo and Fire device deals:
Amazon Cyber Monday TV deals
If you need a new TV for a room of your home or happen to be looking to upgrade your audio or streaming experience, these Amazon Black Friday TV deals are what you'll want to check out. There are lots of TVs on sale, from basic 1080p sets to top of the line OLED 4K TVs, so don't miss out right now.
Amazon
This year Amazon began making its own television sets that ran the Fire TV OS alongside the Insignia and Toshiba models that do the same. The Omni Series offers hands-free TV with Alexa and Dolby Vision, where the 4-Series has a few less features but comes in a bit cheaper. There are multiple sizes available for each model.
More great Cyber Monday Friday TV deals:
Amazon Cyber Monday kitchen deals
Air fryers, cookware, blenders, coffee machines and so much more are included in Amazon's Cyber Monday kitchen deals. Whether you want a new Hydro Flask to store your water or a Nespresso to brew you a great cup of coffee in the morning, these are the discounts you've been waiting for.
Nespresso
Making a delicious cup of coffee at home just got a whole lot more affordable with these great Nespresso deals. You can make coffee, iced coffee, espresso and much more with just the tap of a button. The roast is consistent every time and the Nespresso does all the work for you, there's no settings to change or anything based on the pod you use.
Kaffe
This compact, electric blade grinder is a great way to get richer, bolder coffee by grinding at home, rather than picking up stale grounds from the store. It comes in a couple of different finishes, including stainless steel and copper, to match your kitchen decor.
More great Amazon Cyber Monday kitchen and smart home deals:
Amazon Cyber Monday Headphone deals
If you're in the market for a new set of headphones, Amazon's Cyber Monday deals have you covered. The online retailer has wireless, wired, on-ear, in-ear and more all at amazing prices right now. There's a ton of brands on sale as well as different styles and colors, so be sure to check them all out now.
David Carnoy/CNET
With the arrival of Beats new Fit Pro earbuds, I assumed we'd see some nice discounts on the earlier and less feature-rich Beats Studio Buds, which list for $150, or only $50 less than the new $200 Beats Fit Pro. I predicted we might see their price dip to $100 and sure enough, that's what their price is (and a new low).
The Beats Studio Buds look a lot like the rumored stemless AirPods that people were talking about but never materialized -- as AirPods anyway. Geared toward both iOS and Android users, they're missing a few key features on the Apple side of things (there's no H1 or W1 chip), but they're small, lightweight earbuds that are comfortable to wear and offer good sound. They fit most ears securely, including mine -- I run with them without a problem -- but others may find a better fit with the Beats Fit Pro and their integrated wing tips.
Note that using code BYZPPJADUODB during checkout will score you a $10 Amazon credit in addition to the upfront discount.
Read our Beats Studio Buds review.
More great Amazon Cyber Monday audio deals:
When do Amazon Cyber Monday deals end?
Amazon's Cyber Monday deals are mostly an extension of the company's Black Friday deals, which have been live for almost a week or longer. Amazon continues to push new daily deals at midnight PT, so be sure to keep checking back for what's new and to make sure you aren't missing out on any great deals. But don't delay: While a handful of Amazon Cyber Monday deals may stay on for a few hours, or even days, most of the best prices will end at the end of the day on Nov. 29.
Will Amazon have the PS5 or Xbox Series X for Cyber Monday?
Honestly, it's unknown at this point. Amazon could hold another restock event at any point during the weekend. As it stands now, we anticipate that Walmart will have some online availability on Cyber Monday, but nothing else is confirmed or rumored at this point.
Apple's MacBook Pro Models With M1 Pro Chip Hit New Lows, With Up to $350 Off
Apple's MacBook Pro Models With M1 Pro Chip Hit New Lows, With Up to $350 Off
If you've been holding out for a steep discount on Apple's top-tier MacBook Pro models, your patience is being rewarded today with some of the best MacBook deals we've seen to date. Apple's MacBook Pro models with its powerful M1 Pro chip have had prices slashed at Best Buy with as much as $350 taken off their regular prices. The My Best Buy member-exclusive markdowns apply to both 14-inch and 16-inch versions and make for the lowest prices ever on these machines.
If you want Apple's largest laptop, the 16-inch MacBook Pro is the very fellow. It packs in a gorgeous 16.2-inch Liquid Retina XDR display with ProMotion and 1,600 nits of peak brightness. Inside, the devices are powered by Apple's M1 Pro chip with a 10‑core CPU, 16‑core GPU and 16GB of RAM. Both the 512GB and 1TB configurations are discounted by $350 at Best Buy right now -- a better price than during Prime Day earlier this month.
On the smaller side, the more portable 14-inch MacBook Pro is available for as little as $1,699 at Best Buy, which is $300 off. That's the lowest we've seen this machine go and the 1TB configuration is discounted by even more at $350 off. Both machines are also running Apple's M1 Pro chip with 16GB of RAM.
There's no telling how long these deals will last, so it's best to place your order as soon as possible if you want to get in on the current savings. As mentioned, the full discount on each laptop is exclusively available to My Best Buy members, though it's free to sign up for a membership, making it well worth doing. If you're not seeing the full savings, make sure you're logged in with your My Best Buy account.
Nvidia's Grace AI chip leaves Intel processors behind
Nvidia's Grace AI chip leaves Intel processors behind
Nvidia has a new chip in the works for boosting artificial intelligence and other high-performance computing work: Grace, a design slated to arrive in mammoth supercomputers in 2023. Instead of accelerating conventional Intel-powered servers, though, the design includes its own built-in Arm processors.
Nvidia's current brainiest chip, the A100, is typically yoked to Intel Xeon processors. Nvidia chips do the grunt work, but Intel chips oversee it. With Grace, named after pioneering programmer Grace Hopper, the company opted to embed several Arm Neoverse processor cores within the chip to speed up processing, said Paresh Kharya, an Nvidia senior director. The chip news arrived at Nvidia's GTC 2021 conference this week.
The new chip should let AI customers run computing tasks that are vastly more complex than is possible with today's chip designs, a step toward the general artificial intelligence that is the holy grail of today's machine learning research, said Cambrian AI Researach analyst Karl Freund in a blog post.
The design illustrates Nvidia's dramatic ascent -- and Intel's struggles. Even decades of dominance in technology don't guarantee success when the rules of computing are constantly being rewritten. Your laptop likely comes with an Intel chip, but an Nvidia chip was more likely responsible for important AI work like filtering spam, improving image quality or recognizing your voice when you call your bank.
Not so many years ago, Nvidia was just a component supplier, a designer of graphics chips called GPUs to boost PC performance. Intel's family of processors, or perhaps compatible rival AMD chips, shouldered most of the computing work. Intel, though, has struggled in recent years to keep pace with chip miniaturization and to capitalize on the exploding use of AI.
The result: Nvidia's market capitalization vaulted over Intel's, reaching $357 billion compared with Intel's $278 billion. Much of the growth has been propelled by the fact that GPUs also turned out to be pretty good at AI work, specifically the computationally intense training process that builds the models that later run in data centers, PCs and phones.
Also in the ascendant is Arm, which licenses the chip designs and technology that power every smartphone, new M1-based Apple Macs and the world's fastest supercomputer. Nvidia is seeking to acquire Arm for $40 billion, a move some rivals like Qualcomm object to. Grace's integrated Arm chips let Nvidia read data from memory many times faster than with current designs, the company said.
Nvidia's Selene machine, currently the world's fifth-fastest supercomputer, pairs A100 chips with AMD Epyc CPUs. A 2023 Grace-based machine called Alps at Switzerland's National Supercomputing Center should be seven times faster, Kharya said. The Los Alamos National Laboratory in the US also will buy a Grace-powered supercomputer.
Under new Chief Executive Pat Gelsinger, Intel is working to reclaim its manufacturing lead, planning to tap into others' manufacturing abilities while it works on miniaturizing its circuitry inscribing technology.
Intel is building AI abilities into its main processors while working on dedicated hardware, too. It folded its Nervana chips operation, but its Habana AI acceleration processors are still under active development.
One hot area for AI chips is autonomous vehicles, whose self-driving algorithms rely on processing in camera imagery and other sensor data. It's a core focus for Nvidia AI chip work, for example with its Orin chip scheduled to debut in 2022 vehicles.
Nvidia CEO Jensen Huang announced new processors for AI, graphics and supercomputing at the company's GTC event.
Screenshot by Stephen Shankland/CNET
At GTC, Nvidia announced a new chip called Atlan with quadruple the performance. It should arrive in 2025 vehicles, said Danny Shapiro, Nvidia's senior director of automotive work. Like Orin and Grace, Atlan relies on Arm cores, too.
Nvidia also announced a grander autonomous vehicle technology package called Hyperion 8. It combines two Orin processors with a host of sensors: eight exterior cameras, four exterior wider-angle fisheye cameras, three interior cameras, nine radar scanners and one lidar 3D scanner. The technology should arrive later in 2021.
Nvidia extended a partnership with Volvo, the companies said. Volvo plans to use Orin chips in its next-generation vehicles.
Intel has its own autonomous vehicle division, Mobileye. Tesla develops its own AI chips for its cars.
Nvidia to buy SoftBank's Arm chip division for $40 billion
Nvidia to buy SoftBank's Arm chip division for $40 billion
Nvidia has acquired SoftBank's Arm chip division for $40 billion in cash and stock in the chip industry's largest deal ever. As part of the deal, made this Sunday, SoftBank will take an ownership stake in Nvidia that's expected to be less than 10%, the companies said in a joint statement.
Bloomberg reported last week that Nvidia and SoftBank were in advanced talks, with Nvidia the lone potential buyer. That followed an earlier report by The Wall Street Journal that SoftBank was considering a sale of Arm. The Journal also reported Saturday's news of an imminent Nvidia-SoftBank agreement.
Arm isn't as well-known as mega chip companies such as Qualcomm and Intel, but its work lies behind the processors inside many of the world's mobile phones.
Arm licenses designs to companies like Qualcomm but also licenses its chip instruction set -- the collection of commands software can use to control it -- to companies like Apple that design their own. Arm's designs are also used as the basis for chips made by Samsung and Nvidia.
In June, Apple said it would overhaul its Mac computers with its own Arm chips, which are similar to the ones it designs for iPhones and iPads, moving away from the Intel processors it has used for the past 14 years. Arm licenses its chip instruction set -- the collection of commands software can use to control a chip -- to companies like Apple that design their own processors.
SoftBank purchased the UK-based Arm in 2016 for $32 billion with the intent of bolstering its internet of things division. Nvidia said it expects the tie-up to boost its artificial intelligence ambitions.
"AI is the most powerful technology force of our time and has launched a new wave of computing," Nvidia founder and CEO Jensen Huang said in a statement. "In the years ahead, trillions of computers running AI will create a new internet-of-things that is thousands of times larger than today's internet-of-people."
The companies said they expect the deal to close in 18 months, noting that it will require approval of the US, UK, EU and China.
Inflation, Interest Rates and Jobs: How Today's Economy Compares to Recessions of the Past
Inflation, Interest Rates and Jobs: How Today's Economy Compares to Recessions of the Past
This story is part of Recession Help Desk, CNET's coverage of how to make smart money moves in an uncertain economy.
What's happening
There's still debate about whether the US economy is officially headed into a recession, but the economic downturn is causing widespread stress.
Why it matters
Periods of financial volatility and market decline can drive people to panic and make costly mistakes with their money.
What's next
Examining what's happening now -- and comparing it with the past -- can help investors and consumers decide what to do next.
Facing the aftershocks of a rough economy in the first half of 2022, with sky-high inflation, rising mortgage rates, soaring gas prices and a bear market for stocks, leading indicators of a recession have moderated slightly in the past month. That could mean the economic downturn won't be as long or brutal as expected.
Still, the majority of Americans are feeling the sting of rising prices and anxiety over jobs. The country has experienced two consecutive quarters of economic slowdown -- the barometer for measuring a recession -- even though the National Bureau of Economic Research hasn't made the "official" recession call.
At a time like this, we should consider what happens in a recession, look at the data to determine whether we're in one and try to maintain some historical perspective. It's also worth pointing out that down periods are temporary and that, over time, both the stock market and the US economy bounce back.
I don't mean to minimize the gravity and hardship of the times. But it can be useful to review how the economy has behaved in the past to avoid irrational or impulsive money moves. For this, we can largely blame recency bias, our inclination to view our latest experiences as the most valid. It's what led many to flee the stock market in 2008 when the S&P 500 crashed, thereby locking in losses and missing out on the subsequent bull market.
"It's our human tendency to project the immediate past into the future indefinitely," said Daniel Crosby, chief behavioral officer at Orion Advisor Solutions and author of The Laws of Wealth. "It's a time-saving shortcut that works most of the time in most contexts but can be woefully misapplied in markets that tend to be cyclical," Crosby told me via email.
Before you make a knee-jerk reaction to your portfolio, give up on a home purchase or lose it over job insecurity, consider these chart-based analyses from the last three decades. We hope this data-driven overview will offer a broader context and some impetus for making the most of your money today.
What do we know about inflation?
Historical inflation rate by year
Macrotrends.net
Current conditions: The US is experiencingthe highest rate of inflation in decades, driven by global supply chain disruptions, the injection of federal stimulus dollars and a surge in consumer spending. In real dollars, the 8.5% rise in consumer prices over the past year is adding about $400 more per month to household budgets.
The context: Policymakers consider 2% per year to be a "normal" inflation target. The country's still experiencing over four times that figure. The 9.1% annual rate in July was the largest jumpin inflation since 1980 when the inflation rate hit 13.5% following the prior decade's oil crisis and high government spending on defense, social services, health care, education and pensions. Back then, the Federal Reserve increased rates to stabilize prices and, by the mid-1980s, inflation fell to below 5%.
The upside: As overall inflation rates rise, the silver lining might be increased rates of return on personal savings. Bank accounts are starting to offer more attractive yields, while I bonds -- federally backed accounts that more or less track inflation -- are attracting savers, too.
What's happening with mortgage rates?
30-year fixed-rate mortgage averages in the US
Current conditions: As the Federal Reserve continues its rate-hike campaign to cool spending and try to tame inflation, the rate on a 30-year fixed mortgage has grown significantly. In June, the average rate jumped annually by nearly 3 percentage points to almost 6%. In real dollars, that means that after a 20% down payment on a new home (let's use the average sale price of $429,000), a buyer would roughly need an extra $7,300 a year to afford the mortgage. Since then, rates have cooled a bit, even dipping back down below 5%. What happens next with rates depends on where inflation goes from here.
The context: Three years ago, homebuyers faced similar borrowing costs and, at the time, rates were characterized as "historically low." And if we think borrowing money is expensive today, let's not forget the early 1980s when the Federal Reserve jacked up rates to never-before-seen levels due to hyperinflation. The average rate on a 30-year fixed-rate mortgage in 1981 topped 16%.
The upside: For homebuyers, a potential benefit to rising rates is downward pressure on home prices, which could cause the housing market to cool slightly. As the cost to borrow continues to increase with mortgages becoming more expensive, homes could experience fewer offers and prices would slow in pace. In fact, nearly one in five sellers dropped their asking price during late April through late May, according to Redfin.
On the flip side, less homebuyers mean more renters. Rent prices have skyrocketed, and housing activists are asking the White House to take action on what they call a "national emergency."
What about the stock market?
Dow Jones Industrial Average stock market index for the past 30 years
Macrotrends.net
Current conditions: Year-to-date, the Dow Jones Industrial Average -- a composite of 30 of the most well-known US stocks such as Apple, Microsoft and Coca-Cola -- is about 8.5% below where it started in January. Relative to the broader market, technology stocks are down much more. The Nasdaq is off almost 19% since the start of the year.
The benchmark S&P 500 stock index hit lows in June that marked a more than 20% drop from January, which brought us officially into a bear market. Since then, it's bounced back up a little, but some experts warn that a current bear market rally is at odds with expected earnings and we could see even lower stock prices in the near future.
The context: Stock price losses in 2022 are not nearly as swift and steep as what we saw in March 2020, when panic over the pandemic drove the DJIA down by 26% in roughly four trading days. The market reversed course the following month and began a bull run lasting more than two years, as the lockdown drove massive consumption of products and services tied to software, health care, food and natural gas.
Prior to that, in 2008 and 2009, a deep and pervasive crisis in housing and financial services sank the Dow by nearly 55% from its 2007 high. But by fall 2009, it was off to one of its longest winning streaks in financial history.
The upside: Given the cyclical nature of the stock market, now is not the time to jump ship.* "Times that are down, you at least want to hold and/or think about buying," said Adam Seessel, author of Where the Money Is. "Over the last 100 years, American stocks have been the surest way to grow wealthy slowly over time," he told me during a recent So Money podcast.
*One caveat: If you're closer to or living in retirement and your portfolio has taken a sizable hit, it may be worth talking to a professional and reviewing your selection of funds to ensure that you're not taking on too much risk. Target-date funds, a popular investment vehicle in many retirement accounts that auto-adjust for risk as you age, may be too risky for pre- or early retirees.
What does unemployment tell us?
US unemployment rates
Current conditions: The July jobs report shows the unemployment rate holding steady, slightly dropping to 3.5%. The Great Resignation of 2021, where millions of workers quit their jobs over burnout, as well as unsatisfactory wages and benefits, left employers scrambling to fill positions. However, that could be changing as economic challenges deepen: More job losses are likely on the horizon, and an increasing number of workers are concerned with job security.
The context: The rebound in theunemployment rate is an economic hallmark of the past two years. But the ongoing interest rate hike may weigh on corporate profits, leading to more layoffs and hiring freezes. For context, during the Great Recession, in a two-year span from late 2007 to 2009, the unemployment rate rose sharply from about 5% to 10%.
Today, the tech sector is one to watch. After benefiting from rapid growth led by consumer demand in the pandemic, companies like Google and Facebook may be in for a "correction." Layoffs.fyi, a website that tracks downsizing at tech startups, logged close to 37,000 layoffs in Q2, more than triple from the same period last year.
The upside: If you're worried about losing your job because your employer may be more vulnerable in a recession, document your wins so that when review season arrives, you're ready to walk your manager through your top-performing moments. Offer strategies for how to weather a potential slowdown. All the while, review your reserves to see how far you can stretch savings in case you're out of work. Keep in mind that in the previous recession, it took an average of eight to nine months for unemployed Americans to secure new jobs.
§
What's happening
Home prices overall are up by 37% since March 2020.
Why it matters
Surging home prices and higher interest rates make monthly mortgage payments less affordable.
What's next
Rising mortgage rates will make borrowing money more expensive, which will lessen competition to buy homes and eventually flatten prices.
Home prices continued to skyrocket in March as buyers tried to stay ahead of rising mortgage rates.
Prices increased by 20.6% this March compared to last year, according to the S&P CoreLogic Case-Shiller Indices, the leading measures of US home prices. This was the highest year-over-year increase in March for home prices in more than 35 years of data. Seven in 10 homes sold for more than their asking price, according to CoreLogic.
Out of the 20 cities tracked by the 20-city composite index, Tampa, Phoenix and Miami saw the highest year-over-year gains in March. Tampa saw the greatest increase, with an almost 35% increase in home prices year-over-year. All 20 cities experienced double-digit price growth for the year ending in March.
The strongest price growth was seen in the south and southeast, with both regions posting almost 30% gains in March. Seventeen of the 20 metro areas also saw acceleration in their annual gains since February.
"Those of us who have been anticipating a deceleration in the growth rate of US home prices will have to wait at least a month longer," said Craig Lazzara, managing director at S&P DJI, in the release. "The strength of the Composite indices suggests very broad strength in the housing market, which we continue to observe."
Since the start of the pandemic in March 2020, home prices overall are up by 37%. The current surge in home prices is a result of tight competition between buyers in a low-inventory market as they attempt to lock in lower mortgage rates before rates jump even higher throughout the year, as experts predict they will.
If you're considering buying a new home -- or are actively in the market -- the news isn't all bad. Interest rates are at their highest point in more than 40 years, and one potential benefit of that may, eventually, be downward pressure on home prices. As it becomes increasingly expensive to borrow money, fewer people will seek to do so, and homes for sale may receive fewer offers leading to, eventually, lower prices. In fact, nearly one in five sellers lowered their asking price during a four-week period in May and April, according to Redfin.
"Mortgages are becoming more expensive as the Federal Reserve has begun to ratchet up interest rates, suggesting that the macroeconomic environment may not support extraordinary home price growth for much longer," said Lazzara. "Although one can safely predict that price gains will begin to decelerate, the timing of the deceleration is a more difficult call."
Apple's M1 Pro and M1 Max chips mean new trouble for Intel
Apple's M1 Pro and M1 Max chips mean new trouble for Intel
A year ago, Apple announced it was taking on Intel's most efficient chips by introducing lightweight MacBook laptops powered by the M1, a homegrown processor. On Monday, the consumer electronics giant expanded its challenge, launching MacBook Pro laptops built around the new M1 Pro and M1 Max that take on Intel's beefier chips.
The new MacBook Pros bode well for Apple's attempt to take firmer control over its products. And they're bad news for Intel, whose chips Apple is ejecting from its Macs after a 15-year partnership. It's a loss of revenue, prestige and orders to keep its factories running at full capacity.
"Intel has completely lost the Mac and is unlikely to regain it any time soon," New Street Research analyst Pierre Ferragu said in a research note Tuesday.
Intel didn't lose this big customer overnight. The company that was once synonymous with consumer computers -- remember Intel Inside? -- fell on hard times because of difficulties upgrading its manufacturing. New CEO Pat Gelsinger has started an Intel recovery plan, including an effort to revitalize manufacturing progress. But turning around a behemoth requires patience.
Meet the Mac's new chips
Intel's troubles encouraged Apple to develop its own chip expertise and technology for computers. (It already designed its own A-series chips for the iPhone and iPad, and indeed the M-series chips capitalize on that investment.) The company's M1 processors, which came in last year's MacBook Air and low-end 13-inch MacBook Pro, were evidence it wanted to take control of its own future.
The M1 Pro and M1 Max demonstrate the company's increasing power as a chip designer. Both are designed for more capable models, the 14-inch and 16-inch Pros, geared for video editors, programmers and others with intense computing needs. The heft of the chips -- each of which sports eight performance and two efficiency cores, compared with the M1's four-by-four design -- is intended to sustain heavy work. They also come with much more powerful graphics processing power and memory, up to 16GB for the M1 Pro and 64GB for the M1 Max.
Miniaturization is what lets chip manufacturers economically squeeze in more transistors, a chip's electronic circuitry elements. The new M1 models are doozies of miniaturization, with 34 billion transistors in the M1 Pro and 57 billion in the M1 Max. That's how it could add special chip modules for graphics, video, AI, communications and security into its high-end MacBook Pros.
Intel's troubles
Intel, which for decades has led the world in chip technology, suffered for the last half decade as an upgrade to its manufacturing technology dragged on longer than the usual two years. The company's problem came as it tried to move from a 14-nanometer manufacturing process to 10nm, the next "node" of progress. (A nanometer is a billionth of a meter.)
Intel didn't respond to a request for comment. Apple didn't comment for this story.
Apple's chip foundry, Taiwan Semiconductor Manufacturing Co., took advantage of Intel's lag to the benefit of Apple, Nvidia, AMD and other Intel rivals. It now leads in electronics miniaturization and the all-important measurement of performance per watt of power consumed.
The result is the M1 Pro and M1 Max, which according to Apple's measurements are 1.7 times faster than Intel's current eight-core Tiger Lake chips, formally called 11th generation Core. Compared differently, the M1 Pro and Max consume 70% less power than the Tiger Lake chips at the same performance level.
Apple doesn't reveal which speed tests it uses, so the results are hard to validate at this stage. The consensus, however, is that the performance claims are valid in broad terms.
"I am overall impressed at what Apple has been able to do on the latest process from TSMC," said Patrick Moorhead, analyst at Moor Insights and Strategy. He estimates that Apple saves a few hundred dollars per laptop because it doesn't have to buy Intel processors, although it spends a lot of that money designing its chips.
Don't count Intel out yet
To be sure, Intel won't be hurt badly by the loss of Apple's business. The company has plenty of other business. The vast majority of Windows PCs still use x86 processors from Intel and AMD. And customers only rarely change from Windows to MacOS or vice versa.
It also doesn't have a lot of competition. Apple doesn't license its chips to others, and Qualcomm's efforts to sell processors to PC makers has been a limited success at best.
Intel mostly has to worry about AMD, which makes increasingly capable chips but still trails in market share.
Intel also has its Alder Lake processor, scheduled for later this year, and Meteor Lake processor, coming in 2023, to generate excitement. The chips will bring speed boosts in part by adopting a combination of performance and efficiency cores, just like the M1 does, and by adopting the new Intel 7 and Intel 4 manufacturing processes.
Still, Apple has taken wind out of Intel's sails. Intel may narrow the gap as its new chips hit the market. But in the meantime, Apple's M series could help it steal market share from Windows computers, Intel's stronghold.
Qualcomm settles Huawei patent spat, warns of 5G flagship phone delay -- likely the iPhone
Qualcomm settles Huawei patent spat, warns of 5G flagship phone delay -- likely the iPhone
The expected iPhone 5G delay may be a reality. Qualcomm, which likely will supply the modems that power the newest crop of iPhones, on Wednesday warned of "the delay of a global 5G flagship phone launch."
The company said handset sales are expected to drop about 15% in the current period, its fiscal fourth quarter, because of the delay. While Qualcomm didn't specify what phone it was discussing, it's widely believed to be the upcoming iPhone. Apple is expected to introduce its first 5G iPhones this fall, but worries about coronavirus-related delays have plagued the company for months.
Apple didn't immediately respond to a request for comment.
At the same time, Qualcomm said it and Huawei have settled their long-running patent spat, with the two companies signing a long-term, global patent license agreement.
As part of the agreement, Qualcomm will record about $1.8 billion from Huawei in its September quarter, helping its stock soar 13% to $105 in after-hours trading. The US government has banned Huawei from buying Qualcomm chips and other American components, but Huawei now is paying licensing fees for Qualcomm's patents.
Qualcomm is the world's biggest provider of mobile chips, and it created technology that's essential for connecting phones to cellular networks. The company derives a significant portion of its revenue from licensing those inventions to hundreds of device makers, with the fee based on the value of the phone, not the components. Because Qualcomm owns patents related to 3G, 4G and 5G networking technology, as well as other features like software, all handset makers building a device that connects to cellular networks have to pay it a licensing fee, even if they don't use Qualcomm's chips.
Qualcomm and Apple had battled in courts around the globe over patents and Qualcomm's licensing terms. The two giants reached a licensing and chip supply agreement a year ago, just after opening arguments began in a trial in San Diego. The pact cleared the way for Qualcomm to resume supplying modems for iPhones. Apple's devices expected this fall will likely include 5G chips from Qualcomm. Its other modem supplier, Intel, exited the market.
Huawei licensing battle
Huawei, one of the world's biggest handset makers, was the last major company fighting with Qualcomm over its licensing terms. The two reached an interim licensing agreement 18 months ago, with Huawei at that time agreeing to pay Qualcomm $150 million each quarter.
The new deal reached this month is long term and gives the two companies access to each other's patents.
Qualcomm said the new global patent license agreement covers sales beginning Jan. 1, 2020. It said it's still assessing the accounting impacts of its new pact with Huawei but noted its current quarter revenue will include royalties for sales made by Huawei in the September 2020 quarter, as well as the $1.8 billion payment and estimated amounts due for the March 2020 and June 2020 quarters under the new pact.
Qualcomm's results
Qualcomm is a key partner for companies like Apple and Samsung. Its modems connect the majority of the world's phones to wireless networks, and it had been expecting a big boost this year from the move to 5G. Because of its position as a key supplier, it has insight into the health of the mobile industry and can provide information into how COVID-19 is impacting tech.
Qualcomm typically forecasts how many 3G, 4G and 5G phones will be shipped each calendar year.
In April, it warned that handset makers likely would ship about 30% fewer phones in the June quarter than it previous expected. And that followed a 21% drop in phone demand in the first three months of the year because of weakness in China. The bright spot was 5G, which Qualcomm at the time said was as strong as it previously expected.
On Wednesday, Qualcomm reported better-than-expected fiscal third-quarter results, boosted by the rollout of 5G. It said shipped 130 million chips for handsets, in line with its prediction for 125 million to 145 million.
Qualcomm reported fiscal third-quarter revenue of $4.89 billion, down from $9.6 billion a year ago. Its per-share earnings tumbled to 74 cents from $1.75 in the same period last year. But its results were better than Wall Street expected. Analysts polled by Yahoo Finance expected revenue of $4.8 billion and earnings of 71 cents a share.
Looking forward, Qualcomm expects to report fiscal fourth-quarter revenue of $7.3 billion to $8.1 billion, thanks to the Huawei payment. Excluding Huawei, Qualcomm's revenue will total about $5.5 billion to $6.3 billion, in line with the $5.8 billion projected by analysts. It also expects per-share earnings of $1.05 to $1.25 a share, excluding items. Analysts expected $1.10 a share.
"As 5G continues to roll out, we are realizing the benefits of the investments we have made in building the most extensive licensing program in mobile and are turning the technical challenges of 5G into leadership opportunities and commercial wins," Qualcomm CEO Steve Mollenkopf said in a press release.
