Hong Kong stocks rise 3%, leading gains in the Asia-Pacific as investors look ahead to Fed minutes
Hong Kong shares rise 3% as investors look ahead to the Fed’s meeting minutes, watching for signs of more interest rate hikes.
Apple and Amazon lost a ‘staggering’ $800 billion in market cap in 2022. Here’s what that looks like
The value of the two companies’ losses dwarf other well-known tech names.
New York man sentenced to 2 years for conspiring to steal GE secrets for China
Xiaoqing Zheng was employed at GE Power in Schenectady, New York, as an engineer specializing in turbine sealing technology.
Apple hikes the price of iPhone battery replacements by $20
Out-of-warranty iPhone owners will soon have to spend more to replace their batteries at an Apple store, Apple said this week.
Bernstein says crypto industry set to rebound from this latest ‘winter,’ like it has before
“Crypto has gone through two winters in its 13-year history and the track record of buying into crypto stress has been spectacular,” Gautam Chhugani said.
As investors shift focus from inflation to growth, Club stocks with China exposure stand to gain
As Beijing rolls back restrictions, the Chinese economy has nowhere to go but up. And Club names operating in China should see a boost.
Sam Bankman-Fried pleads not guilty to federal fraud charges in New York
FTX founder Sam Bankman-Fried pleaded not guilty to fraud charges in a crypto case built with the cooperation of his lieutenants Caroline Ellison and Gary Wang
Apple’s market cap falls under $2 trillion as sell-off continues
Apple first hit a $2 trillion valuation in August 2020, as the pandemic boosted its sales of computers to work or study from home.
Tesla shares tumble more than 12% following deliveries report
Some Wall Street analysts think Tesla’s delivery numbers spell trouble for the electric vehicle maker. Others see a buying opportunity for the company in 2023.
Dubai nixes its 30% alcohol tax in a bid to attract more tourism
The news was cheered by many residents; booze is notoriously pricey in Dubai, with a pint of beer frequently costing $15 and a glass of wine often $20 or more.
