Apple Stock Affected as China Limits iPhone Use Among Government Workers
Following recent reports from The Wall Street Journal and Bloomberg News, shares of Apple have dipped for two consecutive days. These reports suggest that the Chinese government has instructed officials in central agencies and state-owned companies to cease using iPhones for work purposes. Although the reach of this reported ban remains unclear, it represents another […]
A Comparison of Economic Perspectives: David Roche vs. Hugh Gimber
David Roche, a strategist and president of Independent Strategy, proposes a possible change in central banking protocols in light of sustained high inflation across key economies worldwide. Roche argues for a reevaluation of central banks’ standards as they persist in implementing rigorous monetary policies. He hypothesizes that this approach might potentially counteract a global recession. […]
Apple Makes History with $3 Trillion Market Cap
Apple has made history again, with its market capitalization reaching $3 trillion on Friday. With shares escalating about 1% and passing the pivotal $190.73 price, Apple managed to reach this impressive milestone. Investor Confidence Remains High Despite the company’s forecast in May, suggesting an expected fall in the current quarter’s revenue by approximately 3%, investors […]
A Testing Time for Policymakers: China’s Economic Recovery Slows Down
China’s April economic data exhibited an inconsistent recovery trajectory from the effects of stringent COVID-19 restrictions, falling short of economists’ expectations. According to a Reuters poll, Industrial production increased by 5.6% year-on-year, a stark contrast to the anticipated 10.9% rise. In comparison, the figure was up by 3.9% in March. Retail sales witnessed an 18.4% […]