Malaysia issued a warning on Thursday that potential tariffs by the incoming Trump administration on BRICS nations for pursuing a new currency or alternative to the U.S. dollar could severely impact global semiconductor supply chains. The BRICS bloc, initially formed by Brazil, Russia, India, and China, has since expanded to include other nations. While Malaysia …
Asia’s factories show signs of improvement as China’s recovery progresses, though potential risks from U.S. policies persist.According to official data, Japanese corporate spending on plants and equipment increased in the third quarter. India’s factory activity growth stayed strong but slightly declined due to ongoing price pressures. Data released on Friday revealed that Asia’s third-largest economy …
Asia’s Factory Growth Linked to China’s Recovery Read More »
President-elect Donald Trump has pledged a 25% tariff on imports from Mexico, Canada, and China, raising concerns for auto and tech companies with operations in Mexico. AutomakersHonda, Nissan, Toyota, Mazda, and Kia produce vehicles in Mexico for export to the U.S. A tariff could lead to shifts in production or increased costs. Tesla SuppliersTesla has …
Trump’s Tariff Plan Poses Challenges for Auto and Tech Industries Read More »
Zoom Video Communications raised its fiscal 2025 revenue and profit forecasts on Monday, citing strong demand for its video conferencing services and growth in hybrid work models. The company also announced a $1.2 billion expansion of its share buyback program. Despite these announcements, Zoom’s stock dipped 3% in extended trading after closing up 3.5%. Analysts …
The Brazilian antitrust regulator Cade announced that Apple must lift restrictions on payment methods for in-app purchases. This decision follows an investigation into a complaint by Latin American e-commerce company MercadoLibre. Apple declined to comment, and MercadoLibre has yet to respond to inquiries outside regular business hours. MercadoLibre’s complaint, initially filed in 2022 in Brazil …
Brazil’s antitrust authority orders Apple to remove restrictions on in-app payments. Read More »
Google and Meta have requested the Australian government to delay a proposed bill that would ban most social media access for children under 16. The tech companies argue that more time is needed to evaluate the bill’s potential effects. Prime Minister Anthony Albanese’s government is pushing to pass the bill, one of the strictest measures …
Ford Motor Company will pause production of its F-150 Lightning electric pickup trucks for six weeks, from November 18 to January 6. The company plans to close its U.S. plants for a holiday week in December. A Ford spokesperson mentioned that the production adjustments aim to balance sales growth and profitability. In recent months, Ford …
Ford to Suspend F-150 Lightning EV Production for Six Weeks Read More »
Amazon posted third-quarter profit and revenue above Wall Street expectations, fueled by stronger retail sales, which lifted shares 5.7% after-hours. The company forecast a positive holiday season, with expectations for steady results driven by faster shipping and a focus on affordable items. Amazon reported a 7% increase in retail sales for the quarter ending Sept. …
Amazon Q3 Profit Rises with Strong Retail Sales, Beating Estimates Read More »
Intel expressed optimism for its PC and server businesses, predicting higher-than-expected revenue for the current quarter, though noting ongoing challenges. Shares rose over 7% in after-hours trading, trimming some gains after the results were posted. Despite missing out on the surge in AI chip demand dominated by Nvidia and AMD, Intel’s third-quarter revenue exceeded estimates. …
Intel Shares Jump on Optimistic Revenue Forecast Read More »
Apple’s AI-enabled iPhone drove fourth-quarter sales above Wall Street expectations, but a cautious holiday revenue forecast has raised concerns. A decline in China sales during the quarter also affected some investor sentiment, resulting in a 1.4% drop in after-hours trading despite higher-than-expected profit and revenue. Apple expects revenue to grow at a low to mid-single-digit …
Apple projects modest growth as strong iPhone sales boost profits above expectations Read More »
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