Yahoo Finance Apple iPhone Shipments Drop 10% in Market Share Battle With Chinese Rivals
China’s Xiaomi shipped 33.4% more smartphones in the first quarter than in the same period a year ago and its market share strengthened.
China’s Xiaomi shipped 33.4% more smartphones in the first quarter than in the same period a year ago and its market share strengthened.
China has built up a $170bn (£135bn) stockpile of gold after a record buying spree, in a move that has raised fears Beijing is preparing its economy for a possible conflict over Taiwan.
Tech giant Huawei's first-quarter profits surged over fivefold year-on-year, a company filing showed Tuesday, as the US-sanctioned firm continues a rebound and bit into competitor Apple's sales in China.Net profit in the January-March period amounted to $2.7 billion, up 564 percent from the first quarter of last year, according to a results filing by Huawei's holding company on an official website and confirmed by a representative of the firm.
Bitcoin sells off alongside stocks amid wider market jitters. But now the technical backdrop for cryptos is even weaker.
KFC Malaysia has temporarily closed outlets in the country, citing challenging economic conditions, after local media reported that the closings were because of boycotts over the fast food chain's perceived links to Israel. Malaysia, a majority-Muslim country, is a staunch supporter of the Palestinians, and some Western fast-food brands in the country, as in some other Muslim nations, have been targeted by boycott campaigns over Israel's military offensive in Gaza. QSR Brands (M) Holdings Bhd, which operates KFC and Pizza Hut franchises in Malaysia, said it temporarily closed KFC outlets "in response to challenging economic conditions".
Here are four Singapore stocks you can keep a lookout for in May. The post 4 Singapore Stocks to Watch for in May appeared first on The Smart Investor.
Investors marked time ahead of the Fed's rate decision, with earnings from Amazon on deck to test prospects for a Big Tech-fueled bump.
The company's CEO says areas such as drug development and robotics can be markets for the company’s processors.
The logistics REIT also warns of further headwinds that will exert pressure on its distributions. The post Mapletree Logistics Trust’s DPU Dips Slightly to S$0.09003 for FY2024: 5 Highlights from the Logistics REIT’s Earnings appeared first on The Smart Investor.
Bitcoin slid by almost 6% on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of cryptocurrencies ahead of an interest rate decision by the Federal Reserve later. The value of the world's most traded cryptocurrency fell by nearly 16% in April, as investors booked profits on a sizzling rally that has taken the price to record highs above $70,000. The price of bitcoin is now a full 22% below March's record of $73,803, technically putting it in a bear market.
The dollar steadied and London shares were slightly higher in holiday-thinned trading Wednesday as investors awaited clarity on the outlook for US interest rates.The dollar, which has gained in recent days against other currencies on interest rate differentials, was largely flat Wednesday as many investors were either away for the May Day holidays or on hold ahead of the Fed's announcements.
The founder of Binance has become the world’s richest prisoner after he was sentenced to four months in jail, marking a stunning downfall for the former boss of the world’s largest cryptocurrency exchange.
Still-elevated inflation and a job market that won't quit mean predictions for interest rate cuts in June are being pushed back.
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U.S. stock index futures fell on Wednesday as chip stocks led losses after downbeat results and markets exercised caution ahead of more economic data and the Federal Reserve's interest rate decision later in the day. Advanced Micro Devices shed 6.7% in premarket trading after its forecast for AI chip sales failed to impress investors, while Super Micro Computer lost 11.5% as the artificial intelligence server maker reported third-quarter revenue below estimates. While most megacap growth stocks fell, Amazon.com bucked the trend to rise 2.2% on reporting quarterly results above market expectations as interest in artificial intelligence helped drive cloud-computing growth.
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