A perfect storm is coming for the US economy.Even as interest rates skyrocketed over the past 18 months, strong consumer spending kept the US economy moving. It's what helped fuel a summer of Barbie, Beyoncé, and Taylor Swift. But the delayed impact of those higher interest rates, together with student-loan payments restarting and pandemic-era savings running dry, is set to put fresh pressure on consumers. A recent Bloomberg Markets Live Pulse survey found that 21% of more than 500 investors predicted that personal consumption would shrink in the fourth quarter. A further 56% said...…A perfect storm is coming for the US economy.Even as interest rates skyrocketed over the past 18 months, strong consumer spending kept the US economy moving. It's what helped fuel a summer of Barbie, Beyoncé, and Taylor Swift. But the delayed impact of those higher interest rates, together with student-loan payments restarting and pandemic-era savings running dry, is set to put fresh pressure on consumers. A recent Bloomberg Markets Live Pulse survey found that 21% of more than 500 investors predicted that personal consumption would shrink in the fourth quarter. A further 56% said...WW…

This week, Apple is publicly celebrating the release of the iPhone 15, but behind the scenes, the company has a growing problem in China that could cost it billions. As Apple and its flagship iPhone have grown to global dominance over the past two decades, much of that has come with the help of China. Consider the following:But as tensions rise between the US and China, Apple may be stuck in the middle. Recently, The Wall Street Journal reported that China had barred government employees from using iPhones at work or even bringing them to the office. While the ban's direct impact on sales...…This week, Apple is publicly celebrating the release of the iPhone 15, but behind the scenes, the company has a growing problem in China that could cost it billions. As Apple and its flagship iPhone have grown to global dominance over the past two decades, much of that has come with the help of China. Consider the following:But as tensions rise between the US and China, Apple may be stuck in the middle. Recently, The Wall Street Journal reported that China had barred government employees from using iPhones at work or even bringing them to the office. While the ban's direct impact on sales...WW…