(Bloomberg) -- Apple Inc. is preparing to announce a shift to its own main processors in Mac computers, replacing chips from Intel Corp., as early as this month at its annual developer conference, according to people familiar with the plans.The company is holding WWDC the week of June 22. Unveiling the initiative, codenamed Kalamata, at the event would give outside developers time to adjust before new Macs roll out in 2021, the people said. Since the hardware transition is still months away, the timing of the announcement could change, they added, while asking not to be identified discussing private plans.The new processors will be based on the same technology used in Apple-designed iPhone and iPad chips. However, future Macs will still run the macOS operating system rather than the iOS software on mobile devices from the company. Bloomberg News reported on Apple’s effort to move away from Intel earlier this year,...
(Bloomberg) -- U.S. futures and European stocks slumped as investors worried that global equity markets have run too far, too fast. Treasuries advanced with gold and the yen.Contracts on the three main American equity gauges all signaled declines at the open in Wall Street. The dollar rose against a basket of currencies for the first time in nine days. Banks and auto shares dragged the Stoxx Europe 600 Index lower. Government bonds in the European periphery slipped. A gauge of European junk-grade credit risk increased the most since mid-May. After a record-breaking rally, there are growing concerns that prices have overshot the economic recovery. The World Bank warned the global economy will contract the most since World War II this year, reducing incomes and sending millions of people into poverty in emerging and developing nations.“There are a lot of unknowns that we are dealing with despite the fact that normalizations of...
