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Apple's $1,000 iPhones are turning it into a luxury brand — and it could lose a whole generation of customers (AAPL)

Apple is increasingly transforming itself into a luxury brand. A year after debuting its first thousand-dollar smartphone, the company replaced it with two more.At the same time, it cut its lowest-priced iPhone.The moves could boost Apple’s near-term revenue and profits.But they could lead to stagnating phone sales and could discourage people from becoming Apple customers, which could have long-term consequences for the company. …read more […]

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Florence’s rains: Coal ash landfill collapses in Carolinas

Duke Energy said Saturday night that heavy rains from Florence caused a slope to collapse at a coal ash landfill at a closed power station near the North Carolina coast. Duke spokeswoman Paige Sheehan said about 2,000 cubic yards (1,530 cubic meters) of ash were displaced at the L. V. Sutton Power Station outside Wilmington and that contaminated runoff likely flowed into the plant’s cooling pond. The company has not yet determined whether the weir that drains the lake was open or if contamination may have flowed into the Cape Fear River. …read more […]

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Trump ‘likely’ to announce new China tariffs as early as Monday: source

U.S. President Donald Trump is likely to announce new tariffs on about $200 billion on Chinese imports as early as Monday, a senior administration official told Reuters on Saturday. The tariff level will probably be about 10 percent, the Wall Street Journal reported, quoting people familiar with the matter. This is below the 25 percent the administration said it was considering for this possible round of tariffs. …read more […]

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Trump ‘likely’ to announce new China tariffs as early as Monday – source

U.S. President Donald Trump is likely to announce new tariffs on about $200 billion on Chinese imports as early as Monday, a senior administration official told Reuters on Saturday. The tariff level will probably be about 10 percent, the Wall Street Journal reported, quoting people familiar with the matter. This is below the 25 percent the administration said it was considering for this possible round of tariffs. …read more […]