|Day's Range||1.0100 - 1.2000|
AppLovin co-founder Adam Foroughi’s story is actually pretty darn singular, and even more than that, reflective and emblematic of much that is going on in business and society.
Apple has a lot to lose as the U.S. does battle with China on the trade front.
“It’s going to be long-term issue where we and the Chinese are going to have to figure out how to deal with one another, not just over months or years but even decades.” Yahoo Finance talks to Dr. Christopher Smart, Head of Barings Investment Institute to break down the latest in the U.S. China trade war.
Tech gets caught in the trade war crossfire. What the chip crush means for the markets. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Mark Tepper, Dan Nathan and Guy Adami.
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The recent uptick in trade hostilities between Washington and Beijing could threaten Apple's bottom line in 2019, Credit Suisse warns clients. China represented 20% of Apple's revenue and operating profit in 2018, Credit Suisse says. "We're more concerned with potential 'second derivative' impacts on local demand and implications of a further escalation," analyst Matthew Cabral writes.
While Apple is still up 16% this year, the stock has surrendered about 13% of its value since May 3. Tesla has been a disaster, losing about 38% of its value so far this year. Tesla has been dogged by some questionable choices, such as announcing the closure of all of its retail dealerships before quickly reversing that decision.
Investments in products and platform, long-lasting relationship with Walmart and a strong cash generation capacity bode well for Green Dot.
A Look at NASDAQ’s Worst Performers YesterdayNASDAQ 100On May 20, the NASDAQ 100 Index continued to tank for the second consecutive day. In the last couple of days combined, it has lost nearly 3%. In the weeks ended May 10 and May 17, the NASDAQ
The founder of Huawei expressed confidence Washington's curbs on sales to the Chinese tech giant will have little impact and said Tuesday it is discussing "emergency relief" from Google for possible loss of services for its smartphone business. Huawei Technologies Ltd., the biggest maker of network gear for phone carriers, has "supply backups" if it loses access to American components, Ren Zhengfei told Chinese reporters. The Trump administration's order last week steps up pressure on Huawei, which Washington says is a security risk, and threatens to hamper sales of network gear and other products.
Apple Inc. shares are falling in Monday morning trading after HSBC warned that the smartphone giant’s issues in China aren’t going away “anytime soon.”
Huawei's technology leadership, market reach and suspicions about spying have made the telecom giant a focal point of the trade dispute.
Zhao Lijian, deputy chief of mission at the Chinese embassy in Islamabad, tweeted a picture Tuesday of a carved-up apple. “It has been just revealed why @realDonaldTrump hated a private company from China so much,” he joked. The escalating U.S.-Chinese tensions over trade and Huawei threaten to pummel a swathe of technology companies from America to Asia, dampen global growth and hamstring the country’s largest technology company.
Consumers in China may shift their spending away from Apple and to local smartphone brands if the trade war escalates, according to HSBC Global Research.
In commodities, crude oil gained 0.7% to $63.67 a barrel. Gold futures fell 0.1% to $1,275.45 a troy ounce, while the U.S. dollar index, which measures the greenback against a basket of six major currencies, rose 0.2% to 97.907.
Trump administration sanctions against Huawei have begun to bite even though their dimensions remain unclear. U.S. companies that supply the Chinese tech powerhouse with computer chips saw their stock prices slump Monday, and Huawei faces decimated smartphone sales with the anticipated loss of Google's popular software and services. The U.S. move escalates trade-war tensions with Beijing, but also risks making China more self-sufficient over time.
The chip giant is engaged in a similar skirmish with Huawei over licensing fees, and it's one of several moving parts that Qualcomm investors must keep an eye on this week amid an escalating trade conflict between the U.S. and China. After telling employees on Monday that it will stop supplying Huawei until further notice, Qualcomm shares tumbled 5.87%.