Apple's iPhone 11 to have extra lens
CUPERTINO, Calif. — Apple on Tuesday unveiled new iPhones that have only slight changes from previous models. The models may be upstaged by Apple TV Plus, the company's video service, which is rolling out Nov. 1 at $5 per month.
IPhone shipments are down 25% so far this year, according to the research firm IDC, putting more pressure on Apple to generate revenue from services such as music and video streaming, games and its App Store.
It is cutting the price of the iPhone 11 to $700 from $750, the price of last year's XR.
The biggest difference: Apple added an extra camera lens to each model. The two pricier models already have a telephoto lens for better zoom. Now, they will sport a wide-angle lens, too. — AP
Officials defend plan for mortgage giants
WASHINGTON — Trump administration officials on Tuesday defended their plan for ending government control of mortgage finance giants Fannie Mae and Freddie Mac.
The officials disagreed with Democrats on the Senate Banking Committee who said the change to private control would raise home borrowing costs and neglect lowerincome homeowners. — AP
Breakfast-minded Wendy's to hire 20,000 people
DUBLIN, Ohio — Wendy's said Tuesday it's relaunching breakfast across the U.S. next year, the latest fast-food chain to amp up its offerings as more consumers eat out in the morning.
The Dublin, Ohio-based company said it will help franchisees hire 20,000 employees so restaurants can extend their hours and menus. — AP
U.S. job openings drop 0.4% in July
WASHINGTON — The number of open U.S. jobs slipped 0.4% in July, while hires climbed slightly, the Labor Department said Tuesday.
Employers advertised 7.22 million available jobs in July. Total hiring edged up to 6 million. The figures suggest some employers may be growing cautious amid rising economic uncertainty. — AP