Apple iPhone 16 sales blocked in Indonesia due to local parts rule
JAKARTA (Reuters) – Tech giant Apple Inc (NASDAQ:AAPL) will not be allowed to sell its iPhone 16 smartphones in Indonesia because they have not met the country’s rules on the…
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Analysis-Bricks over clicks as shops come back into fashion in Europe
By Alberto Chiumento and Paolo Laudani (Reuters) – The rise of online shopping has led to swathes of store closures, casting doubt over the future of retail malls and high…
Apple seen becoming the first company to hit $4 trillion market cap – Wedbush
Investing.com — Apple Inc (NASDAQ:AAPL) is on track to be the first company to hit $4 trillion in market capitalization, according to analysts at Wedbush. In a note to clients…
European shares gain as key data and US tech earnings loom
By Pranav Kashyap (Reuters) -European shares started the week on a positive note, as investors prepared for a busy schedule of key economic data releases and earnings from major U.S.…
Core Scientific shares up after Jefferies initiates coverage with ‘buy’
Investing.com — Shares of Core Scientific (NASDAQ:CORZ) rose on Monday during pre-market trading, following Jefferies’ initiation of coverage with a “buy” rating. The brokerage underscored Core Scientific’s evolving strategy from…
Galp shares down following Q3 profit decline
Investitng.com — Shares of Galp Energia (ELI:GALP) traded lower on Monday after it reported a 22% decrease in its adjusted core profit for the third quarter, primarily due to reduced…
Apple wins $250 US jury verdict in patent case over Masimo smartwatches
By Blake Brittain (Reuters) -Apple convinced a federal jury on Friday that early versions of health monitoring tech company Masimo (NASDAQ:MASI)’s smartwatches infringe two of its design patents as part…
Stocks rise ahead of action-packed week; Japan election sparks turmoil
By Amanda Cooper LONDON (Reuters) – Global stocks rose on Monday, ahead of a week stacked with earnings from Wall Street’s “Magnificent 7”, while the yen sank after an election…
High market concentration is dampening long-term returns, says Goldman Sachs
Investing.com — Elevated valuations and market concentration in the S&P 500 signal soft long-term returns for the index, according to Goldman Sachs. Citing its updated equity return model, which now…
TSMC suspended shipments to China firm after chip found on Huawei processor, sources say
By Karen Freifeld and Fanny Potkin (Reuters) – Taiwan Semiconductor Manufacturing Company suspended shipments to China-based chip designer Sophgo after a chip it made was found on a Huawei AI…