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mahatmakanejeeves

(57,446 posts)
Sun Sep 10, 2023, 05:06 PM Sep 2023

Inflation, iPhones, and looming auto strikes: What to know this week

Inflation, iPhones, and looming auto strikes: What to know this week

Josh Schafer
Sun, September 10, 2023, 10:00 AM EDT · 5 min read

Apple 15 event, inflation, UAW deadline: What to watch this week

Key inflation data, new iPhones, and a looming deadline for contentious labor negotiations await investors in the week ahead, the first full trading week of September.

The economic highlight comes on Wednesday morning, when the Consumer Price Index (CPI) for August will be released. The report is set to show headline inflation continues to reverse its downtrend as oil prices rise.

On the corporate side, Apple (AAPL) is scheduled to host its marquee fall event on Tuesday, with new iPhones, Apple Watches, and a new charging port for most devices expected to be announced.

A September 14 deadline also looms in a contract dispute between the United Auto Workers and automakers Ford (F), General Motors (GM), and Stellantis (STLA), with workers threatening a strike when their current deal expires on Thursday.

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