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The Federal Reserve's Beige Book is a look back at the condition of the economy during the previous few months. The most recent report, issued Wednesday, quotes the Fed as saying the economy has shown widespread signs" of slowing over the recent weeks.
The Fed takes anecdotal reports from the 12 Federal Districts and highlights key points. Here are some of these data:
Continue reading Fed's Beige Book: Widespread Signs of Slowing
Last week, my colleague Brian White wondered if AT&T will maintain its exclusive contract for Apple's iPhone. Brian's especially relevant question came exactly one week before AT&T (NYSE: T) is set to step into the earnings spotlight -- this Wednesday.
MarketWatch contends that this exclusivity is the reason AT&T will post "solid first-quarter results." It is MarketWatch's belief that the exclusivity may actually hurt AT&T because of how heavily subsidized upfront sales are for consumers.
The heavy subsidies may be worth the potential cut in earnings for AT&T, as the wave of neo-tech hipsters desiring the latest in phone technology has boosted AT&T's subscriber growth and wireless revenue.
Continue reading Will the iPhone help or hurt AT&T's quarterly earnings?
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