Apple lost its position as China’s top smartphone seller in 2024, with Vivo and Huawei surpassing it after a 17% drop in shipments, marking its largest-ever annual decline. Rising competition, Huawei’s comeback, and shifting consumer trends challenge Apple’s market position.
International tech innovators arrived in Las Vegas, to represent and try out the latest gadgets and innovations ahead of CES 2025.
Wall Street opened lower on Tuesday as investors turned cautious ahead of the Federal Reserve's interest rate decision, following strong retail sales data that signalled consumer resilience.
The U.S. dollar held close to a three-week peak against major currencies on Monday, as investors braced for a slew of central bank decisions expected this week. Markets are all but certain that the Federal Reserve will cut interest rates by 25 basis points on Wednesday, while also signaling a slower
Bitcoin surpasses $100K, marking a new era for crypto as institutional adoption and regulatory clarity drive momentum. Investors eye a pro-crypto U.S. administration to cement its financial mainstream status.
Trump warns BRICS nations against creating a rival currency to the U.S. dollar, threatening 100% tariffs. Putin praises BRICS as a pillar of a new world order.
Investors are increasingly hedging against market risks, as rising tail risk indexes and VIX skew reflect caution over tariffs, Fed policy, and global conflicts despite U.S. stocks hitting record highs.
Oil prices fell on Friday on signs demand in China, the world's biggest crude importer, continues to underperform amid its uneven economic recovery.
QatarEnergy sharply cut the term price for al-Shaheen crude oil loading in January, trade sources said on Friday, in line with a recent fall in Middle East spot premiums.
The U.S. Federal Reserve cut interest rates by 0.25% to 4.5%-4.75% as inflation cools and labor market weakens. This follows a weak October jobs report, showing only 12,000 new jobs, and downward revisions for August and September. The easing cycle began in September with a 0.5% cut.
U.S. stocks dip as election nears, with Trump and Harris in a tight race and investors bracing for Fed policy news.
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