Apple Inc. faces a milestone that investors should not be excited about as its latest earnings report reveals the impact of the macroeconomy on consumer spending. While the company recorded a surprise revenue increase in China, overall iPhone sales declined over 2% and total revenue dropped 1%. However, Apple’s services segment, which includes recurring revenue […]
Apple Inc. faces a milestone that investors should not be excited about as its latest earnings report reveals the impact of the macroeconomy on consumer spending. While the company recorded a surprise revenue increase in China, overall iPhone sales declined over 2% and total revenue dropped 1%. However, Apple’s services segment, which includes recurring revenue
Summary: Asian shares rose on Friday as investors assessed the latest U.S. economic data, including a resilient labor market. The MSCI Asia-Pacific index outside Japan increased by 0.46% after a 2.3% drop the previous day. The dollar retreated from a one-month peak. Chinese blue-chips and Hong Kong’s benchmark also showed gains. Investors are closely watching
Asian Shares Rebound as Investors Analyze US Economic Data, Eyes on Non-Farm Payrolls Read More »
HSBC CEO Noel Quinn has stated that the bank will not terminate a client’s account based on their lawful personal views, in response to the recent scandal involving Coutts and Brexit figurehead Nigel Farage. Internal documents revealed that Farage’s account was terminated by Coutts after his mortgage was paid off, citing “below commercial criteria,” but
Meme-Darling Nikola Surges as Retail Investors Pile In By Alisa Ason August 2, 2023 The gravity-defying rally of electric vehicle startup Nikola Corp. continues to gain momentum as the company takes steps to conserve cash and secure funds. The surge in stock price has been fueled by a resurgence in mom-and-pop investors and a wave
Electric Vehicle Start-up Nikola: Meme-Darling or Potential Contender? Read More »