Apple Gets Third Downgrade in 2024, iPhone Sales Decline in China
Apple's shares fell 0.5% at the market open Wednesday after the stock faced a third downgrade since the beginning of 2024.
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Global funds pulled out $1.1 billion from Chinese onshore stocks in the first two weeks of 2024 amid persisting economic challenges.
Apple's shares fell 0.5% at the market open Wednesday after the stock faced a third downgrade since the beginning of 2024.
Tesla shares fell 0.6% in premarket trading Friday after Chinese market regulator said the carmaker will recall 1.6M vehicles due to software issues.
Amazon shares fell again on Thursday, potentially due to reports stating that Chinese social media giant TikTok is setting sights on the US e-commerce industry.
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$60B fashion retailer Shein confidentially filed for a US IPO in what could be one of the biggest debuts for a China-founded company.
Nvidia shares dropped in Friday's premarket after reports of delay in launching chips made specifically for China after new US restrictions.
Alibaba and other Chinese stocks fell notably on Friday after the e-commerce giant revoked its decision to spin-off its cloud unit due to chip curbs.
Chinese internet giant Tencent reported better-than-anticipated Q3 revenue and profit, showing resilience amid a nationwide downturn.
Boeing's stock rose on Monday premarket after reports of possibly lifting 737 MAX's commercial freeze in China.
Oil prices fell to the lowest level in more than two months following the release of China's economic data.
China's GDP grew at a faster pace than analysts anticipated in Q3, helped by a strong retail sector and higher consumer spending.