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Screenshot: Axios

Apple Monday announced a Nov. 10 press event, most likely to introduce the first Macs that will use Apple-designed processors. Apple had previously said the first Apple-powered Macs would ship later this year.

Why it matters: Shifting the underlying processors in a computer line without hurting sales is a tricky proposition, but Apple has managed through more of these transitions than other computer makers.

Context: Apple said in June that while the first of the new Macs would arrive this year, the full transition away from Intel-powered computers would take about two years, pledging support for Intel Macs for years to come.

  • As with other recent Apple events, including the recent iPhone 12 launch, the November event will be a virtual one, broadcast from Apple Park.

Go deeper: Making sense of the Mac's transition to Apple chips

Go deeper

Ina Fried, author of Login
Updated Jan 27, 2021 - Technology

Apple's quarterly sales top $100 billion for first time

Credit: Apple

Spurred by strong sales of the latest iPhones, Apple reported it took in a record $111 billion in revenue for the three months ended Dec. 31, as the company crushed expectations.

Why it matters: The move showed even a pandemic didn't dull demand for Apple's latest smartphones.

Erica Pandey, author of @Work
2 hours ago - Economy & Business

What's really going on with the labor market

Source: YCharts

The labor market is showing some signs of improvement: Jobless claims fell to 730,000 — a dramatic drop from 841,000 the previous week. And the latest jobs report showed a pandemic-era low unemployment rate of 6.3%

But, but, but: That's not the full story, experts say.

Felix Salmon, author of Capital
2 hours ago - Economy & Business

Markets see rare convergence milestone

Expand chart
Data: YCharts; Chart: Axios Visuals

A milestone was reached in the markets Thursday: The yield on the 10-year Treasury note rose to match the dividend yield on the S&P 500

Why it matters: The two yields have been inverted since the beginning of last year, which is historically unusual.

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