Apple Inc, the iconic company whose products have transformed daily life, has done what was once unthinkable: It has become the humdrum. Last week, Apple has reported revenue of $124 billion for the December quarter, beating the $119 billion median estimate of analysts surveyed by Bloomberg. Net profit for the quarter also came in above the consensus. Yet underneath those ...

  At the conclusion of this month’s meeting of Federal Reserve policy makers, the central bank announced that it will “soon be appropriate” to start raising interest rates. This affirmed investors’ expectations of a first quarter-point increase in March followed by two or three more before the end of the year. In addition, the Fed says it will end its ...

  Credit Suisse chose a bad year to cut risk taking. The Swiss bank’s profit warning was headlined with charges for settling old court cases — but revealed a worrying loss of business in its investment bank within. It’s another disruptive squall that the bank’s investors didn’t need. It’s barely a week since its reform-driving chairman Antonio Horta-Osorio was ousted ...