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Archiv pro měsíc: Srpen 2019

U.S. Consumers Are Continuing to Spend, Ignoring Tensions in the Global Economy

(WASHINGTON) — U.S. consumer spending grew 0.6% in July, a healthy gain that suggests American shoppers are largely ignoring concerns about trade tensions and driving the economy forward.

The Commerce Department said Friday that personal incomes rose just 0.1%, the smallest gain in 10 months. With spending ahead of incomes, the savings rate fell to 7.7%, the lowest since last November, but still a solid figure by historical standards.

With trade fights discouraging business investment and cutting into exports, consumers are increasingly important to the U.S. economy. Household spending was the principal driver of growth in the April-June quarter, when spending increased by the most in five years.

“The U.S. consumer continues to display great vitality, emboldened by solid income growth and a large savings buffer,” said Lydia Boussour, senior U.S. economist at Oxford Economics.

Consumers remain optimistic about the economy, but that could change. Consumer confidence was high in Augus..

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Apple Is Making it Easier to Get Your iPhone Fixed — But There’s a Catch

(NEW YORK) — There may soon be more places to get an Apple-sanctioned fix for a cracked iPhone screen.

Apple said Thursday that it will sell tools and parts to independent phone-repair shops in the U.S. and later in other countries. Repairs at these shops, though, will be limited to iPhones already out of warranty.

Customers with in-warranty repairs will still need to visit an Apple store or one of more than 5,000 authorized service providers worldwide, including all Best Buy stores in the U.S. Same goes for repairs on other products, such as Apple Watch and Mac computers, or for more complicated iPhone repairs.

Though many unofficial repair shops have been offering basic fixes such as screen replacements, they aren’t necessarily using Apple parts or qualified technicians, leading to variations in quality. Now, these shops will be able to buy parts directly from Apple, as long as they have an Apple-certified technician to make those repairs.

“When a repair is needed, a customer sho..

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Why President Trump Cut a Methane Regulation That Even Big Oil Companies Wanted to Keep

The Trump Administration announced Thursday the rollback of an important environmental regulation on methane emissions that even some of the world’s biggest oil-and-gas companies support. The fact that Big Oil backed a regulation designed to stem emissions of a potent greenhouse gas was immediately wielded by Trump’s critics as evidence of how backward the move must be.

But that reaction missed an important takeaway. The oil-and-gas industry was split on the Environmental Protection Agency (EPA) methane rules, with some prominent companies supporting them and many smaller producers pushing for their elimination. The EPA’s decision to side with a group of smaller fossil-fuel firms shows the influence these obscure companies retain within the Trump Administration—and the power they have to slow climate legislation as addressing the issue grows more urgent.

The split within the industry is partly a matter of scale. The EPA regulation—which required oil producers to implement a range of..

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