Apple Finally Falls Victim to Never-Ending Supply Chain Crisis
Biden set to focus on transportation bottlenecks on Wednesday. Manufacturers impacted by a lack of key materials, logistics. Apple Inc., the world’s most valuable company, has finally joined a growing list of household names from Toyota to Samsung forced to cut back on business because of a global shortage of semiconductors.Apple is now likely to slash its projected iPhone 13 production targets for 2021 by as many as 10 million units,Bloomberg News reported Tuesday.For months, while supply chain
Wall Street ends near flat on cautious note ahead of Fed
NEW YORK, Sept 21 - U.S. stocks ended near flat on Tuesday after a broad sell-off the day before, with worries over caution ahead of Wednesday's Federal Reserve policy news keeping a lid on the market.Trading was choppy, with the Dow and S&P 500 erasing session gains just before the close, while the Nasdaq finished slightly higher.Shares of Walt Disney Co fell 4.2% and were the biggest drag on both the S&P 500 and Dow after Chief Executive Officer Bob Chapek said the resurgence of the Delta var