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Apple shares slide amid concerns of slowing iPhone demand

Bloomberg Apple Inc. shares had their worst day since 2014 amid concerns that growth in its powerhouse product, the iPhone, is slowing. In the fiscal fourth quarter, Apple said iPhone unit sales barely grew from a year earlier, even though new flagship devices came out in the period. At the same time, Apple said it would stop providing unit sales ...

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German business confidence slumps

Bloomberg German business sentiment deteriorated amid signs economic growth ground to a temporary halt and as risks surrounding a US-China trade spat and a disorderly Brexit increased. The Ifo institute’s gauge of corporate confidence fell to 102.8 in October after a drop to 103.7 in Sep- tember. The median forecast in a Bloomberg survey was for a decline to 103.2. ...

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US payrolls beat forecast as wage gains hit 3.1%

Bloomberg American workers enjoyed the biggest leap in pay since 2009 as job gains topped forecasts and the unemployment rate held at a 48-year low, a boost for President Donald Trump ahead of midterm elections and reason for the Federal Reserve to keep raising interest rates. Nonfarm payrolls rose 250,000 after a downwardly revised 118,000 gain, a Labour Department report ...

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