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Shares of Apple are lower after Bloomberg reported the company could see a production shortfall of nearly 6 million iPhone Pro models because of unrest at a Foxconn factory in China.  Bloomberg, citing a source, said Apple and its contract manufacturer Foxconn expect to be able to make up that shortfall in 2023. The unrest at Foxconn comes amid protests in China against the nation’s zero-Covid policy. Cases of Covid have surged in mainland China, prompting residential lockdowns and business closures in many major cities.  Protests against lockdowns have broken out across the country, including at the Foxconn iPhone assembly facility.

Another crypto company has fallen, as contagion from the collapse of cryptocurrency exchange FTX spreads across the industry:BlockFi has filed for bankruptcy.  A little more than two weeks ago, the once mighty crypto giant FTX - founded by Sam Bankman-Fried to bring everyday people into the opaque world of virtual currencies - filed for bankruptcy. In the days since, the crypto industry, Wall Street, and even federal regulators have been on the outlook for the next domino to fall, wondering if the end of crypto is in sight or if wider financial stability is under threat.

Oregonians have historically earned less than people in other parts of the country, but over the past decade the state has narrowed the gap considerably.  Oregon’s per capita personal income was $61,596 last year, according to the Oregon Employment Department. That’s 96% of the national average. Oregon’s personal income grew up by 8.2% last year, tied with Washington for the 10th fastest growth in the nation. The state ranked 21st overall in per capital personal income.

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