Apple Inc become the first company in the world to reach a market value of $3 trillion, buoyed by hopes over its expansion in new markets coupled with expectations of a more moderate approach to interest rate hikes by the Federal Reserve.The iPhone maker's advance was among the most eye catching in a mont
Apple Inc become the first company in the world to reach a market value of $3 trillion, buoyed by hopes over its expansion in new markets coupled with expectations of a more moderate approach to interest rate hikes by the Federal Reserve.
Apple's most recent quarterly report in May showing its revenue and profits beat analysts' expectations, and its track record of stock buybacks, reinforced its reputation as a safe investment during global economic uncertainty. Tesla's surge was fuelled by deals struck by rivals Ford Motor Co and General Motors Co to gain access to Tesla's charging network, which could potentially establish Tesla's chargers as the industry standard.
The company's shares have soared following a revenue forecast that was more than 50 per cent above the Wall Street estimate in May.
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Apple forced to make cuts to Vision Pro production plans - FTApple has been forced to make major cuts to production forecasts for its augmented-reality headset Vision Pro launched last month, the Financial Times reported on Monday, citing multiple people with direct knowledge of the manufacturing process.Chinese contract manufacturer Luxshare, Apple's only assemble
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Apple forced to make cuts to Vision Pro production plansThe Financial Times reported that the complexity of the headset design and difficulties in production were the reasons behind the adjustment. Read more at straitstimes.com.
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Apple scales back Vision Pro production plans on design challenges - FT:Apple has been forced to make major cuts to production forecasts for its Vision Pro augmented-reality headset due to design complexity, the Financial Times reported on Monday citing people with direct knowledge of the process.The Vision Pro, launched last month and expected to be available early next year in
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Oil prices range-bound amid tighter supply, slow demand fearsSINGAPORE : Oil prices were roughly unchanged on Monday as concerns about global macroeconomic headwinds and possible further interest rate hikes from the U.S. Federal Reserve offset forecasts of tighter supplies amid OPEC+ cuts.Brent crude futures were last up 4 cents to $75.45 a barrel by 0404 GMT after
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Oil prices slip on global economic slowdown fearsSINGAPORE : Oil prices slipped in early Asian trade on Monday as global macroeconomic headwinds and possible further interest rate hikes from the U.S. Federal Reserves offset forecasts of tighter supplies amid OPEC+ cuts.Brent crude futures dropped 20 cents, or 0.3 per cent, to $75.21 a barrel by 0044 GMT
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Wilting West Indies fail to qualify for World Cup for first timeTwo-time winners West Indies will not play in the 50-over Cricket World Cup for the first time after a comprehensive seven-wicket loss to Scotland in their Super Six clash at the qualification tournament in Zimbabwe on Saturday.Scotland won the toss and elected to bat, restricting West Indies to 181 all o
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