29-07-2022 14:41 via macdailynews.com

Apple and Amazon’s strength gets bulls buying despite U.S. recession

Apple and Amazon.com reported strong results after the latest Federal Reserve interest rate hike and the U.S. Commerce Department GDP data showed the U.S. economy was technically in a recession.James Ashton for Barron’s:Apple’s latest earnings were solid. The company hasn’t seen “any sign of demand weakness” for iPhones, although it has been discounting in China. Nor is it suffering from softness in subscription fees, a sign of consumer stress at Netflix and other s
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