Apple Faces Declining iPhone Sales in China, Losing Ground to Huawei and Local Brands

Apple Faces Declining iPhone Sales in China, Losing Ground to Huawei and Local Brands

According to a recent report, iPhone sales fell 24 percent in the first six weeks of 2024 in China, which could lead to significant problems for Apple in the key market. According to Counterpoint Research analysts, the overall Chinese mobile market fell by 7 percent, but the iPhone fell even more than the average, and … Read more

Stock Futures Rise and Bond Yields Fall as Powell Reiterates Fed’s Patient Stance on Interest Rates

Stock Futures Rise and Bond Yields Fall as Powell Reiterates Fed’s Patient Stance on Interest Rates

Article Fed Chairman Jerome Powell Indicates No Rush to Cut Interest Rates Introduction Stock futures have risen while bond yields have fallen following remarks by Jerome Powell, the Federal Reserve Chairman. In his testimony to a House panel, Powell emphasized that the Federal Reserve is not yet prepared to cut interest rates, although a reduction … Read more

China Aims for 5% Economic Growth Amid Challenging Times

China Aims for 5% Economic Growth Amid Challenging Times

China Aims for 5% Economic Growth Amidst Challenging Times Beijing, China – Premier Li Qiang Sets Ambitious Goal Published: [Insert Date] China’s Premier Li Qiang declared on Tuesday that the country is determined to achieve a 5% economic growth rate this year, acknowledging the difficulties it may face in the current global circumstances. The announcement … Read more

Stock Market Today: Dow, S&P Live Updates for March 5 and China’s Ambitious Growth Target

Stock Market Today: Dow, S&P Live Updates for March 5 and China’s Ambitious Growth Target

Highly Respected News Website Stock Market Today: Dow, S&P Live Updates for March 5 China Aims for Economic Transformation with Ambitious Growth Target Setting the Stage for Economic Advancement In a bid to revitalize its economy, China has unveiled a groundbreaking plan to reshape its economic landscape and pursue ambitious growth targets. Pledging to bolster … Read more

China Announces Increase in Defense Spending and Economic Growth Targets at People’s Congress Meeting

China Announces Increase in Defense Spending and Economic Growth Targets at People’s Congress Meeting

Mar 5, 2024 at 6:45 AM Update: an hour ago China will spend 7.2 percent more on defense this year. The government in Beijing is also aiming for economic growth of 5 percent. The ruling Communist Party announced this at the opening of the annual meeting of the People’s Congress. Beijing expects to spend 1,670 … Read more

China’s Premier Li Qiang To Skip Annual Press Briefing, Investors Concerned About Lack of Policy Insight

China’s Premier Li Qiang To Skip Annual Press Briefing, Investors Concerned About Lack of Policy Insight

China’s Premier Li Qiang to Skip Annual Press Briefing: Investors Concerned About Policy Direction China’s Premier Li Qiang to Skip Annual Press Briefing: Investors Concerned About Policy Direction Overview Amid President Xi Jinping’s increasing control over China’s economy, Premier Li Qiang’s decision to forgo the annual press briefing at the parliamentary meetings raises concerns among … Read more

Asia Stocks Surge on Tech Company Rallies and Upcoming Testimonies

Asia Stocks Surge on Tech Company Rallies and Upcoming Testimonies

Stocks in Asia Advance on Strong Performances of Technology Companies Stocks in Asia Advance on Strong Performances of Technology Companies Stocks in Asia broadly advanced on rallies in some of the world’s largest technology companies during a week that includes Federal Reserve boss Jerome Powell’s congressional testimony and China’s National People’s Congress. Technology Companies Lead … Read more

OPEC+ Extends Oil Supply Cutbacks until June to Stabilize Prices and Prevent Global Surplus

OPEC+ Extends Oil Supply Cutbacks until June to Stabilize Prices and Prevent Global Surplus

OPEC+ Extends Oil Supply Cutbacks in Effort to Stabilize Global Prices OPEC+ Extends Oil Supply Cutbacks in Effort to Stabilize Global Prices OPEC+ Boosts Measures to Avoid Surplus and Bolster Prices OPEC+ countries have unanimously agreed to prolong their ongoing oil supply cutbacks until the end of June. The organization aims to prevent a worldwide … Read more

Federal Reserve Chair Jerome Powell to reinforce patient approach on interest rate cuts amid persistent inflation pressures

Federal Reserve Chair Jerome Powell to reinforce patient approach on interest rate cuts amid persistent inflation pressures

The Latest from Federal Reserve Chair Jerome Powell The Latest from Federal Reserve Chair Jerome Powell Powell to Emphasize No Rush to Cut Interest Rates Semiannual Testimony to Congress Federal Reserve Chair Jerome Powell is set to deliver his semiannual monetary policy testimony to both a House committee on Wednesday and a Senate panel on … Read more

China’s Economy Faces Major Concerns at Annual CCP Meeting: Youth Unemployment, Real Estate, and Global Slowdown

China’s Economy Faces Major Concerns at Annual CCP Meeting: Youth Unemployment, Real Estate, and Global Slowdown

By our economics editors Mar 03, 2024 at 12:31 PM Update: an hour ago The state of China’s economy is a “major concern” for delegates at the annual meeting of the People’s Congress of the ruling Chinese Communist Party (CCP). China’s economy suffers from several ills. One of those ills is employment for the youth … Read more