Ticker: Apple says it will fix the overly hot iPhone 15

Apple is blaming a software bug and other issues tied to popular apps such as Instagram and Uber for causing its recently released iPhone 15 models to heat up and spark complaints about becoming too hot to handle.

The Cupertino, California, company said Saturday that it is working on an update to the iOS17 system that powers the iPhone 15 lineup to prevent the devices from becoming uncomfortably hot. In a short statement provided to The Associated Press, the company didn’t specify the timeline for its software fix. Apple says it’s also working with the apps that have been causing problems, saying Instagram modified its app for iPhones this week.

Wall Street wraps its miserable September with another weak finish

Wall Street closed out its worst month of the year with more losses. The S&P 500 slipped 0.3% Friday after an earlier gain withered, and the majority of stocks within the index sank. The Dow fell 0.5%, and the Nasdaq composite edged higher by 0.1%. Solid gains for stocks during the morning faded as pressure built from within the bond market. After initially easing on encouraging signals about inflation, Treasury yields rose as the day progressed.

Treasury yields have been climbing sharply as Wall Street accepts a new normal where the Federal Reserve is likely to keep interest rates high for longer. The Fed is trying to push still-high inflation down to its target, and its main tool of high interest rates does that by trying to slow the economy and hurting prices for investments.

from Boston Herald https://ift.tt/KBAwL8o