BNB fell more than 4.5% in the last 24 hours, dropping from around $805.7 to $766 at the time of writing as investors move away from risk assets as U.S. interest-rate cut hopes faded. The selling accelerated near $803, where a surge in trading volume, roughly 56% above average, marked a turning point, according to … Read more
Taiwan’s Foxconn said on Wednesday it expects any impact of new tariffs from US President-elect Donald Trump to hit it less than its rivals, citing its global manufacturing footprint. Young Liu, chairman of the contract manufacturer and key Apple supplier, told reporters after a forum in Taipei that it saw the primary impact of any … Read more
Apple is finding itself squarely in the crosshairs of President Donald Trump’s new tariffs, even after a yearslong effort to insulate the iPhone maker from trade wars and supply chain disruptions. A long list of levies unveiled by the White House are poised to hit the company especially hard, triggering an after-hours stock rout on … Read more
US President Donald Trump imposed a series of sweeping tariffs on countries around the world that could drastically alter the landscape of global trade, and consumer goods like iPhones could be among the hardest hit, analysts said on Thursday, with increases of 30 percent to 40 percent if the company were to pass on the … Read more
The Trump administration’s threat of massive new tariffs has sent Apple Inc.’s share price plummeting, but it also brought a short-term benefit: customers rushing to retail stores to buy iPhones. Employees from different Apple locations across the country said stores filled with customers over the weekend — with the shoppers expressing concerns that prices will … Read more
Apple supplier Luxshare is in talks with customers on ways to respond to US tariffs by shifting more production outside China, including the United States, its chairwoman told analysts in a telephone call on Wednesday. The remarks by the Chinese company, which assembles iPhones and makes AirPods, provide a glimpse into deliberations by companies around the world scrambling to tackle President Donald … Read more
Tech giant Apple chartered cargo flights to ferry 600 tons of iPhones, or as many as 1.5 million, to the United States from India, after it stepped up production there in an effort to beat President Donald Trump’s tariffs, sources told Reuters. The details of the push provide an insight into the US smartphone company’s … Read more
President Donald Trump’s administration exempted smartphones, computers and other electronics from its so-called reciprocal tariffs, representing a major reprieve for global technology manufacturers including Apple and Nvidia even if it proves a temporary one. The exclusions, published late Friday by US Customs and Border Protection, narrow the scope of the levies by excluding the products from Trump’s … Read more
Ether traded around $2,584.90 on July 3, registering a 0.55% gain over the past 24 hours as risk assets responded positively to robust U.S. labor market data, according to CoinDesk Research’s technical analysis model. The broader crypto market, as gauged by the CoinDesk 20 Index (CD20), was up 0.08% during the same period. According to … Read more
Apple’s much-awaited quarterly earnings report failed to soothe investor concerns about its biggest challenges, including escalating tariff costs and a slowdown in China. The company’s shares declined about 2.8 percent in premarket trading Friday. Apple had released second-quarter results that included worse-than-expected sales in China. The iPhone maker also warned in the Thursday statement that … Read more