Wall Street is off to a brutal start to the week, with the Nasdaq dropping more than 3% a few hours into trading on Monday morning, as the markets continue to grapple with President Trump’s tariffs and his criticism of Fed Chairman Jerome Powell. The tech-heavy Nasdaq was down 3.29%, the S&P 500 was down…
China could make life harder for US Big Tech companies like Tesla (TSLA) and Apple (AAPL), but it lacks the direct leverage the US holds. Scott Kennedy, senior adviser and trustee chair in Chinese business and economics at the Center for Strategic and International Studies, explains how China might still push for a deal with…
Among the “Magnificent Seven” Big Tech stocks, Apple (AAPL) and Nvidia (NVDA) have found themselves at the forefront of Trump’s trade war. This week, for better and worse. The two tech stocks’ volatility since Trump’s “Liberation Day” reciprocal tariff announcement on April 2 is one of the more salient examples of how investors are battling…
Washington’s roughly one-month tariff exemption on electronic devices, including smartphones, computers and semiconductors, has done little to ease concerns among Hong Kong’s re-exporters, as ongoing uncertainty hampers their planning. Industry leaders highlighted the urgency of tapping into emerging markets to navigate the tariffs and urged the government to provide more support to small and medium-sized…
Washington’s roughly one-month tariff exemption on electronic devices, including smartphones, computers and semiconductors, has done little to ease concerns among Hong Kong’s re-exporters, as ongoing uncertainty hampers their planning. Industry leaders highlighted the urgency of tapping into emerging markets to navigate the tariffs and urged the government to provide more support to small and medium-sized…
Hong Kong retailers have received a surge in inquiries from mainland Chinese tourists about the prices of high-end US products amid an ongoing trade war, but shop staff have said few end up buying and business has dipped during the Easter holiday. Retail sales have been slow as Hongkongers leave the city in droves during…
Hong Kong retailers have received a surge in inquiries from mainland Chinese tourists about the prices of high-end US products amid the trade war, but shop staff have said few end up buying and business has dipped during the Easter holiday. Retail sales have suffered as Hongkongers leave the city in droves during the long…
Sports fans can now take advantage of a great new feature in the Apple Sports app. The free iPhone software, which delivers real-time scores, stats, and other useful information for fans, now features Game Card Sharing. With this new feature, users can generate and share dynamic game cards across all supported leagues, whether the matchup…
With US President Donald Trump levying extra 145 per cent tariffs on China this year, and Beijing responding nearly in kind, it would be easy to assume Chinese green technology companies would be facing a reckoning after losing the vital US export market. After all, China is the world’s top producer of electric vehicles, photovoltaic…
Tim Cook and Donal Trump in 2019 — image credit: White House Despite scaremongering headlines, Trump did not escalate his “reciprocal” China tariff to 245% on Tuesday night. The figure is a reinstatement of previous tariffs that don’t apply to Apple or big tech at all. Coming on top of previous escalations and the Apple…