TECH08

Analysis: Apple supply chain data shows receding exposure to China as risks mount

SHANGHAI, Nov 30 (Reuters) – Apple Inc’s ( AAPL.O ) wide exposure to Chinese manufacturing, notable both for its low costs and rising risks, has receded since the COVID-19 pandemic began, company supply chain data shows. With the world’s biggest iPhone factory, operated in central China by Foxconn (2317.TW), battling production shortfalls and labor unrest …

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Market maker Virtu sues US SEC over records request

Nov 29 (Reuters) – Virtu Financial Inc (VIRT.O) took the extraordinary step of suing the US Securities and Exchange Commission, alleging on Tuesday its primary regulator had not responded to a public records request. Virtu, a market maker with a large equities business, said it submitted a Freedom of Information Act (FOIA) request in June …

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Wall Street ends sharply, hit by Apple and China worries

Cyber ​​Monday spending to hit $11.6 billion – report Crypto shares fall on BlockFi bankruptcy filing Biogen down after death in Alzheimer’s drug trial Indexes end: S&P 500 -1.54%, Nasdaq -1.58%, Dow -1.45% Nov 28 (Reuters) – US stocks ended sharply lower on Monday after protests in major Chinese cities against strict COVID-19 policies sparked …

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Google, iHeartMedia settle charges of deceptive Pixel 4 ads with FTC, US states

WASHINGTON, Nov 28 (Reuters) – The US Federal Trade Commission and seven US states reached a settlement with Alphabet Inc’s ( GOOGL.O ) Google and iHeartMedia Inc ( IHRT.O ) over allegations of deceptive ads promoting Google’s Pixel 4 smartphone, the FTC said. the FTC said in a statement on Monday that the companies aired …

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Apple shares slip as China factory unrest may further hit iPhone shipments

Nov 28 (Reuters) – Shares of Apple Inc (AAPL.O) fell about 2% on Monday as growing unrest at a key Chinese plant fanned worries of a bigger hit to the already constrained production of higher-end iPhone 14 models. Reuters reported on Friday that the Foxconn (2317.TW)-operated plant, which is the world’s biggest iPhone factory, could …

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US Black Friday online sales hit record $9 billion despite high inflation – Adobe Analytics

Nov 26 (Reuters) – US shoppers spent a record $9.12 billion online this Black Friday, a report showed on Saturday, as consumers weathered the squeeze from high inflation and grabbed steep discounts on everything from smartphones to toys. Online spending rose 2.3% on Black Friday, Adobe Inc’s (ADBE.O) data and insights arm Adobe Analytics said, …

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Nasdaq ends down as investors eye Black Friday sales, China infections

Retailers in focus as Black Friday sales start Activision down on likely FTC lawsuit to block Microsoft deal Apple slips, Foxconn China plant sees lower shipments Indexes: Dow up 0.45%, S&P 500 down 0.03%, Nasdaq down 0.52% Nov 25 (Reuters) – The Nasdaq closed lower on Friday with pressure from Apple Inc (AAPL.O) in a …

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Musk says Twitter to launch gold, gray checks alongside blue verified mark

Nov 25 (Reuters) – Twitter will roll out verified gold and gray check marks as it relaunches the coveted blue check service next Friday, Chief Executive Officer Elon Musk said in a tweet, after holding off the rollout earlier this week. “Gold check for companies, gray check for governments, blue for individuals (celebrities or not). …

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Foxconn’s woes to take bigger toll on giant China iPhone plant as more workers leave – source

Foxconn Zhengzhou plant’s November shipments to fall further – source Worker unhappiness at the plant escalated into protests this week Over 20,000 workers, mostly new recruits, have left – source TAIPEI, Nov 25 (Reuters) – Foxconn’s (2317.TW) flagship iPhone plant in China is set to see its November shipments further reduced by the latest bout …

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