Foxconn, Apple’s most-important supplier, cautioned Thursday that Covid-linked shutdowns in China will trim December quarter sales. Apple (AAPL) – Get Free Report supplier Foxconn said Thursday that it will adjust its production capacity in China and Read more…
AirDrop in China is now limited to just ten minutes of wireless file-sharing for “Everyone” following its use in protests against the Chinese government. | Image: Bloomberg Apple has placed time restrictions on AirDrop wireless Read more…
“I’m deeply sorry that we got into this place, and for my role in it,” Sam Bankman-Fried to FTX employees. “That’s on me, and me alone, and it sucks, and I’m sorry.” FTX, the crypto Read more…
Stock futures nudge higher, eyeing CPI data and crypto fallout; Mixed October inflation data unlikely to alter Fed rate path; FTX on the brink as reports suggest $8 billion black hole on books; Apple supplier Read more…
In the monthly economic bulletin, ECB said the Governing Council expects a “further weakening” of economic activity “in the remainder of 2022 and the beginning of 2023”. High inflation continues to “dampen spending and production” Read more…
WTI oil futures (December delivery) have been experiencing a prolonged decline since mid-June when the price failed to surpass the 121.00 mark. Although the commodity managed to erase a part of its downtrend after bouncing at the nine-month Read more…
The Australian dollar has extended its losses today. AUD/USD is trading at 0.6412, down 0.29%. The US dollar has rebounded after a 3-day slide, which saw the Australian dollar climb over 200 points. The Aussie Read more…
The dollar index remains constructive in early Thursday’s trading, following Wednesday’s 0.65% bounce (the first bullish close after three days of heavy losses), after the action was repeatedly rejected at ley support at 109.35 (Oct Read more…
EURUSD is meeting the parity level again, dropping beneath the 20-period simple moving average (SMA) after the pullback from the 1.0095 resistance. In the medium-term timeframe, the pair is failing to have a clear directional Read more…
AUDUSD turned red after facing a strong rejection around the 0.6500 level on Wednesday. Notably, the pullback took place at the crossroads of two constraining lines, signaling a potential downside reversal. The technical oscillators reflect a neutral-to-bearish Read more…