U.S. GDP Growth Slows to 2% in 3rd Quarter

[ad_1] The U.S. economy grew in the third quarter at the slowest rate since the pandemic recovery began in the spring, reflecting the impact of the delta variant and supply-chain constraints. The Commerce Department reported Thursday that gross domestic product rose...

Supply Disruptions Hit Apple Revenue

[ad_1] The pandemic caught up with Apple in its fourth quarter as shortages in chip supplies cost it $6 billion in potential revenue, with iPhone sales missing analysts’ estimates. As The Wall Street Journal reports, Chief Executive Tim Cook “had largely helped Apple...

Labor Costs Gauge Surges 1.3% in Q3

[ad_1] The cost of employing the average U.S. worker rose in the third quarter by the most since 2001, underscoring the impact of labor shortages resulting from the coronavirus pandemic. The Labor Department reported Friday that its employment cost index (ECI), a...