One more thing… At Apple’s annual iPhone event tomorrow (this year dubbed “Wonderlust”), the mobile magnate’s expected to showcase its iPhone 15, fresh Apple Watches, and updated AirPods. Like its predecessor events, the reveal should be heavy on style and substance. Picture: new phone colors, camera upgrades, and (EU-mandated) standard charging ports. Apple’s hoping new gadgets will fuel customers’ appetites: hardware makes up 75% of its total revenue, but iPhone, Mac, and iPad sales all fell last quarter as electronics demand cooled.
Runnin’ on fumes… The United Auto Workers’ contract deadline with the Detroit Three automakers (GM, Ford, Stellantis) expires Thursday night. If a deal isn’t reached, as many as 146K workers could strike simultaneously — a labor move that could cost the US economy $5B in just 10 days. The union’s self-described “audacious” demands include a 32-hour workweek with 40-hour pay, the restoration of traditional pensions, and a 46% raise (for ref: UPS workers recently nabbed a 48% raise). Some analysts say a strike is likely.