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Analysts now expect iPhone demand to be pushed to the current March quarter, but some have also expressed concern that Apple might face reduced demand for iPhones and other products. Keywords: wsjcorp; corpearnings; Computers/Consumer Electronics; Telecommunications Equipment; Mobile Communications Devices; Personal Electronics; Retail/Wholesale; Etailing; Market Research/Public Relations; Public Relations EN wsjcorp corpearnings Computers/Consumer Electronics Telecommunications Equipment Mobile Communications Devices Personal Electronics Retail/Wholesale Etailing Market Research/Public Relations Public Relations N.PAG N.PAG 1 02/07/23 20230203 NES 230203 Quarterly revenue fell at Apple for the first time in nearly four years; Amazon, Google earnings also disappoint investors Apple Inc. AAPL 2.44% increase; green up pointing triangle reported disappointing quarterly results that ended its three-year streak of sales and profit records, capping an earnings season in which the world's biggest technology companies mostly struggled to shake off a postpandemic hangover. [Extracted from the article]

The article discusses the position of the Federal Reserve official on the negative rates, a monetary system being tried out in Japan and much of Europe. It mentions that negative rates is aimed to boost the economies of the said countries. It adds that Federal Reserve officials including Federal Reserve chairwoman Janet Yellen did not entertain the idea because the U.S. economy and the job market are improving.

The article reports that the People's Bank of China (PBOC) fixed the Yuan to U.S. dollar rate at 6.4628 with a gain of 0.52 percent. It notes that the currency fix by the PBOC will allow the yuan to trade within the 2 percent band in onshore markets. Analysts say that the strengthening of the yuan is temporary since it weakened in later trading to 0.3 percent in offshore markets. It mentions that the yuan's devaluation in August 2015 resulted in a global sell off in the stock markets.

The article focuses on the impact of the monetary policy and interest rate hike by the U.S. Federal Reserve on market turmoil and risk of recession. Topics discussed include its impact on several areas such as stock prices, corporate bond yields, and exchange rates, its contribution to the decline in unemployment rate, and the decline of the Standard & Poor (S&P) 500 index.