Apple could pass chip costs into higher iPhone 13 prices
$Apple$ could raise the prices for its upcoming iPhone 13 lineup as chip manufacturing partner $Taiwan Semiconductor Manufacturing$ moves to raise its costs amid the ongoing global semiconductor shortage.DigiTimes, a publication with a strong record with news from industry sources, reports that TSMC could raise Apple's prices by 3% to 5%, costs that Apple might pass on to consumers.TSMC is reportedly raising overall prices from 10% to 20% but is offering a discount to its largest client. Apple a
Chase, Delta, Goldman Sachs, PepsiCo, and Other Stocks to Watch This Week
Second-quarter earnings season gets under way this week, with several big banks reporting. JPMorgan ChaseandGoldman SachsGroup kick things off on Tuesday, followed byBank of America,Wells Fargo,andCitigroupon Wednesday andMorgan Stanleyon Thursday.The week’s economic calendar will be equally busy. The Bureau of Labor Statistics releases the consumer price index for June on Tuesday, followed by the producer price index for June on Wednesday. Expectations are for year-over-year increases of 4.0% a