Apple’s Shine Dims: Innovation Stagnation and Macroeconomic Headwinds Threaten Growth Once a guaranteed growth engine, Apple (NASDAQ: AAPL) finds itself facing a confluence of challenges in 2024. While the broader market enjoys a positive year, Apple stands out as one of the few “Magnificent Seven” tech giants experiencing negative returns. Though the decline is currently…
Reddit IPO: Share sale values social media firm at $6.4bn Reddit, the renowned online forum, has made headlines with its remarkable initial public offering (IPO), raising a staggering $748 million by selling 22 million shares at $34 each. This move positions Reddit as one of the leading social media firms in terms of IPO size….
MicroStrategy shares up 180% this year after debt sale to buy more bitcoin spurs latest rally Whenever Michael Saylor mentions “bitcoin,” MicroStrategy shares experience a surge. Lately, his mentions have become frequent. MicroStrategy’s Bitcoin Acquisition On Monday, MicroStrategy’s founder took to social media platform X to announce the purchase of an additional 12,000 bitcoins, amounting…
China’s Manufacturing Activity Contracts for 5th Straight Month Despite Policy Support Hong Kong (AP) – China’s manufacturing sector experienced its fifth consecutive monthly contraction in February, as indicated by the latest official survey of factory managers released on Friday. This continued downturn underscores the ongoing fragility within the economy, particularly in anticipation of forthcoming annual…
