"Miranda, someone's wearing the same Airpods as you"
Hey Snackers,
We're concerned that 92% of the kale we eat's dressed with pesticides.
The Fed's more worried about the economy. Stocks dipped Wednesday on word the central bank thinks growth mojo may be slipping.
One of America's most powerful not-elected people... is Fed Chairman Jerome Powell (the guy who calls your number at the DMV is 2nd). Jerry announced Wednesday the Fed is not raising interest rates because the economy's not too hot — it thinks GDP will only grow 2.1% this year, not the 2.3% first expected.
A strong economy needs to be brought down a tad... and increasing interest rates usually does the trick: People simply can't borrow as easily to splurge when rates are higher. But the Fed's stopped increasing rates:
Inflation's being really weird... The US economy's been growing since the '08 financial crisis and the unemployment rate's historically low. But for some reason prices aren't rising like they should in a strong economy. Maybe it's Amazon, Netflix, and Uber driving prices of things down. Economists simply aren't sure.
The jewelry of Silicon Valley... are the new $159 AirPods you wish were all up in your ears. Apple just unveiled them. And unlike your ancient 2017 AirPods, they do this:
Do less, Apple... These new AirPods were its 3rd product unveil this week. First, they hit us with new iPads and then Apple updated iMacs for the first time in two years. By the way, you busy Monday? Apple's got a bigger launch event planned, expected to be its "Netflix Killer."
The art of the pivot... Apple's making it. Sales in its wearables biz (including AirPods) jumped 35% last year — But they still only make up 6% of all revenues. The iPhone? It's 66%. But since iPhone sales, the pride-of-Cupertino, are slowing, Apple's trying to make services and anything else happen (like "fetch").