Business Briefs: Jobs report, trade war, ApplePosted: Updated:
The June jobs report is out. The government has reported 213,000 new jobs for June. However, the unemployment rate has risen from 3.8 percent to 4 percent, likely due to more people entering the job market.
The US and China are officially in a trade war. This means many commonly used tech items like smarthome devices, smart thermostats, LED lights and navigation devices will get more expensive. If the U.S. goes through with another round of tariffs on China, even more items will be impacted, like escooters, ebikes, ecigarettes and vaporizers.
Apple is dropping Intel. Starting in 2020, Apple will no longer use Intel radio chips in its iPhones. Apple has reportedly notified Intel of its plans to stop using the chipmakers' 5g modems. This follows rumors from earlier this year that Apple would be looking to ditch Intel's chips in its Mac computers in 2020.