Shares in the tech giant fell on Wednesday following reports that Beijing would bar government workers from using the device.
Category: internal-storyline-no
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$100 Oil? What a Price Spike Could Mean for the Global Economy
Analysts see Brent crude climbing to levels last seen in the first months of the Ukraine war after Saudi Arabia and Russia extended production cuts.
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Investors Feel Anxious Despite Falling Odds of a Recession
Some economists are playing down the chances of an economic downturn. But investors and voters aren’t feeling nearly as optimistic.
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What May Happen to Mike Bloomberg’s Company After He Leaves
A leadership reshuffle at the financial data giant has rekindled questions about a future sale or a move to take the company public.
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UBS Earns $29 Billion From Badwill Tied to Credit Suisse Deal
The Swiss bank’s sharply discounted takeover of Credit Suisse led to a paper gain that gave it the biggest quarterly profit by a bank in history.
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Idalia Could Become Another Multibillion-Dollar Superstorm
The Category 3 hurricane could expose insurers and their customers to huge losses across a wide stretch of Florida, Georgia and the Carolinas.
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CEOs Back New York’s Call for Help With Migrant Crisis
More than 120 business leaders, including Jamie Dimon of JPMorgan Chase, are urging President Biden and congressional leaders to provide aid to the city.
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Commerce Secretary Gina Raimondo Walks a Tightrope in China
Commerce Secretary Gina Raimondo has kicked off her China tour, calling for “stable” trade relations even as both countries continue to chip away at them.
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Interest Rate Jitters Sink the Giants of Tech
Apple, Nvidia, Tesla and Microsoft are among the giants that have tumbled by at least 10 percent in the past month after powering a market rally earlier this year.
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Why Wall Street is Gung-ho on the Housing Market
Despite mortgage rates hitting multidecade highs and jitters in the bond market, demand for new homes is strong and prices are rising.
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With Investors on Edge, Fed Minutes Take on New Urgency
Inflation fears have led to a sell-off in stocks and bonds in August as the markets fret the possibility of more interest-rate increases.
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What China Isn’t Telling the World About its Economy
Beijing stopped releasing youth unemployment figures in its latest attempt to play down negative trends as growth stalls, and global concerns grow.