In a bold move that has sent ripples through the stock market, former President Donald Trump has positioned Apple as the latest target in his ongoing trade war discussions. With a provocative social media post, he has declared that the tech giant will face tariffs of 25% or more on iPhones manufactured outside of the
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In a landmark decision, Hong Kong’s legislature has passed a stablecoin bill aimed at broadening its cryptocurrency licensing framework, an initiative hailed as a game-changer in the global financial landscape. This move opens the doors for a licensing regime that demands stringent compliance from stablecoin issuers, identifying them as pivotal players in the burgeoning digital
The once-bustling stock markets, which show glimpses of resilience and promise, recently experienced a jarring tumble that has sent shivers down the spine of investors. This sharp sell-off on Wednesday, marked by a staggering loss of 745 points in the Dow Jones Industrial Average, does more than just signal a fleeting fluctuation; it unveils deeper,
Elon Musk, the polarizing figure renowned for his audacious ventures and braggadocio, has once again ignited discussions about the future of artificial intelligence (AI). In a recent interview with CNBC, he conveyed a powerful message about the dependency of AI on semiconductor chips manufactured by industry titans such as Nvidia and AMD. The technological narrative
In the rapidly evolving world of artificial intelligence and computing, Nvidia has once again showcased its vision for the future by launching a groundbreaking initiative called NVLink Fusion. During his address at Computex 2025, CEO Jensen Huang laid out a series of announcements intended to enhance the company’s dominance in AI technology. The most striking
In a world where diamonds glitter and gemstones gleam, the ultra-wealthy are unyielding in their pursuit of lavish adornments. Their closets overflow with jewelry that is incomparable, even as the average luxury consumer retracts from extravagant spending. This disconnection reveals a critical nuance in the luxury market; not all jewels are created equal. As the
In an alarming shift that could mark a historic decline for one of Japan’s auto giants, Nissan is contemplating closing multiple assembly plants both at home and abroad. This drastic decision stems from a need for stringent cost-cutting measures that reflect a deeper existential crisis within the organization. While corporate decision-making often relies on economic
Amid a landscape marked by widespread economic instability, Richemont, the esteemed owner of Cartier, has emerged as a beacon of resilience. The latest fiscal fourth-quarter report posted by the Swiss luxury giant reveals a striking 7% year-on-year increase in sales, soaring to an impressive 5.17 billion euros. Analysts anticipated a more conservative figure of 4.98
Recent reports reveal a curious anomaly: China’s industrial profits experienced a faint glimmer of growth in the first quarter of the year, with cumulative profits ascending to 1.5 trillion yuan, or approximately $205.86 billion. This upturn, a modest 0.8% increase from the previous year, seems hopeful against the backdrop of a fierce trade conflict with
In a world where business maneuvers often resemble a game of chess, Apple’s purported shift of iPhone assembly from China to India appears not just unrealistic, but potentially hazardous. Esteemed analyst Craig Moffett, recognized for his incisive insights, has thrown a wet blanket on Apple’s aspirations, deeming such shifts an exercise in futility. Despite the