Reported 4 months ago
In March, shipments of foreign-branded cellphones in China, including Apple's iPhones, fell by 49.6% compared to the previous year, with total units dropping from 3.747 million to 1.887 million, according to the China Academy of Information and Communications Technology.
Source: YAHOO
Reported 4 months ago
欧洲委员会已批准一项价值50亿欧元（56亿美元）的法国再保险计划，以支持向美国出口葡萄酒和烈酒。该计划提供短期保障，帮助法国公司应对出口交易中的商业和政治风险。实施期限为5月8日至7月8日，以应对美国新一轮关税给出口商带来的不确定性。欧盟委员会主席表示，如若谈判无果，欧盟准备恢复反制措施。
Source: YAHOO
Reported 4 months ago
The Australian government has enlisted Kreoh, a Dublin-based AI firm, to evaluate and provide recommendations for the nation's research and development (R&D) ecosystem. With a focus on enhancing R&D incentivization, Kreoh's teams are assessing key innovation hubs in Australia and suggesting improvements in collaboration and digital connectivity to support the evolving needs of modern innovation, particularly in the fields of software, AI, and service design. Kreoh aims to modernize R&D policy while ensuring compliance and efficiency through its AI-driven solutions.
Source: YAHOO
Reported 4 months ago
As Warren Buffett prepares to step down as CEO of Berkshire Hathaway, questions arise regarding the company's stake in Apple. Buffett's legacy includes significant investments in Apple since 2016, which have yielded substantial returns. However, with Apple facing growth challenges and becoming less of a value investment, Greg Abel, who will replace Buffett, may choose to sell off some of Berkshire's remaining Apple shares. The current economic environment and Apple’s slower revenue growth suggest it might not be the best time for new investors to buy into Apple stock.
Source: YAHOO
Reported 4 months ago
In a surprising move to ease trade tensions, the US and China have agreed to significantly reduce tariffs on each other's imports for an initial 90-day period. The US will cut its tariff on Chinese imports from 145% to 30%, while China's tariff on US goods will decrease from 125% to 10%. This de-escalation has resulted in a spike in global stock markets and a strengthening of the dollar.
Source: YAHOO
Reported 4 months ago
Apple is contemplating an increase in the prices of its upcoming iPhone models, seeking to link the hike with new features and design updates. This decision comes as the company aims to distance itself from any perception that price increases are due to U.S. tariffs on Chinese imports. Shares of Apple rose by 7% in premarket trading following the news.
Source: YAHOO
Reported 4 months ago
Source: WSJ
Reported 4 months ago
In a significant development from two days of negotiations, the US and China have agreed to a 90-day pause on tariffs, with the US reducing duties on Chinese goods from 145% to 30% and China cutting retaliatory tariffs from 125% to 10%. President Trump and President Xi are expected to engage in discussions soon to continue improving trade relations, marking a notable de-escalation in their trade war.
Source: YAHOO
Reported 4 months ago
CRISPR Therapeutics has started generating sales from its first gene therapy, Casgevy, which has been approved for treating sickle cell disease. The company has ample cash reserves and a promising pipeline of multiple therapies currently in development. While investing in biotech carries risks, the potential for high returns exists if CRISPR successfully commercializes more therapies in the coming years. As the company's stock price has significantly dipped from its peak, long-term investors could see substantial gains if all goes well.
Source: YAHOO
Reported 4 months ago
The US Department of Labor has concluded its nearly year-long investigation into Scale AI, a startup that specializes in data for AI training, regarding compliance with the Fair Labor Standards Act. Scale AI expressed satisfaction with the closure of the probe, which examined its pay practices and working conditions. Recently, the company secured $1 billion in funding, boosting its valuation to approximately $14 billion.
Source: YAHOO
Reported 4 months ago
Nissan Motor is set to lay off more than 10,000 employees globally, bringing the total layoffs to around 20,000, which is about 15% of its workforce. This decision is part of the company's effort to streamline operations after poor sales in key markets, particularly in the U.S. and China. The car manufacturer faces significant financial challenges and has missed out on opportunities in the hybrid and electric vehicle markets. CEO Ivan Espinosa is restructuring the company's operations in light of these difficulties.
Source: YAHOO
Reported 4 months ago
Brazil's President Lula is visiting Beijing to enhance trade relations with China, aiming to capitalize on U.S. tariff chaos under President Trump. This trip is expected to result in numerous agreements focused on exporting grains, metals, and meat to China, potentially filling the gap left by U.S. exports that have become more expensive due to tariffs. Lula's meetings with Xi also aim to advance infrastructure projects, particularly in transportation, and deepen cooperation established in previous agreements.
Source: YAHOO
Reported 4 months ago
Starbucks has faced significant declines in its stock value, dropping from over $115 to around $81 due to waning confidence in its turnaround strategy. Although the company has international growth potential, especially in China, its operational struggles and increasing debt have impacted earnings growth. The management changes and attempts to reinvent the brand underscore the challenges of turnaround investing. Investors looking for passive income might find the 2.9% dividend appealing, but those skeptical of its recovery should monitor the situation closely.
Source: YAHOO
Reported 4 months ago
Buyers of the $TRUMP meme coin are awaiting results on May 12 to see if they have won a dinner with President Trump at his country club, scheduled for May 22. The event, promoted as the 'most EXCLUSIVE INVITATION in the world,' includes an ultra-exclusive VIP reception for top coin holders. As of now, $TRUMP coin holdings have skyrocketed, revealing significant profits for large investors while many smaller wallets face substantial losses. The coin's rising popularity has spurred concerns over ethical implications, prompting inquiries from Democratic lawmakers regarding potential conflicts of interest.
Source: YAHOO
Reported 4 months ago
Italy's UniCredit has raised its profit outlook for 2025 following a surprising quarterly profit increase, although it remains cautious about pursuing mergers and acquisitions without clear benefits. CEO Andrea Orcel emphasized that the bank will not engage in deals at any cost, particularly in light of challenges surrounding its proposed acquisition of Banco BPM and a potential takeover of Commerzbank. Despite the uncertainties, UniCredit's net profit is now expected to exceed 9.3 billion euros, aided by higher trading income and reduced costs. Additionally, the bank has announced a partnership with Google Cloud to modernize its digital infrastructure.
Source: YAHOO
Reported 4 months ago
As tech stocks recover some recent losses, persistent tariff uncertainty is prompting a defensive stance among investors. According to Ted Mortonson from Baird, the overall sentiment towards the tech sector is negative, leading to increased cautiousness and a shift in portfolio strategies, particularly towards major players like Microsoft and Amazon, which are perceived as safer investment options due to their robust growth and cash flow.
Source: YAHOO
Reported 4 months ago
Source: YAHOO
Reported 4 months ago
Source: YAHOO
Reported 4 months ago
Saudi Arabia’s low-cost airline Flynas has completely sold its initial public offering (IPO) shares within minutes of their listing on the Riyadh stock exchange, raising $1.1 billion. The offering, which includes 51.2 million shares priced at approximately $20 to $21 each, comprises about 30% of the company’s total shares. Despite global market uncertainties, this marks a significant move for Flynas, the kingdom's only independent airline, as it aims to expand its operations and fleet. The IPO also positions Flynas as the first airline in the Gulf region to go public in the past 20 years.
Source: YAHOO
Reported 4 months ago
Source: YAHOO