Apple

Amazon lost $1 trillion in market capitalization this year

Amazon lost $1 trillion in market capitalization this year

Photo: Drew Angerer (Getty Images) Amazon, one of the first companies to join the prestigious $1 trillion valuation club, has just taken another step, certainly less desirable. This week, Jeff Bezos Any store became the first publicly traded company to lose $1 billion in market valuation. Star Wars: Shatterpoint trailer 02:27 The first things to …

Amazon lost $1 trillion in market capitalization this year Read More »

Rokos Capital Management, owned by secretive British billionaire Chris Rokos (pictured), 52, is looking for a

Hedge fund billionaire Chris Rokos, who earned £509m last year, is looking for an ‘iPad butler’

Did you ever teach your grandparents to use an iPad? Are you the go-to troubleshooter when home Wi-Fi goes down? If the answer to either of these questions is yes, there could be a job for you with one of the UK’s top hedge funds. Rokos Capital Management, owned by secretive British billionaire Chris Rokos, …

Hedge fund billionaire Chris Rokos, who earned £509m last year, is looking for an ‘iPad butler’ Read More »

Inside a Chinese iPhone factory, Foxconn grapples with Covid chaos

Inside a Chinese iPhone factory, Foxconn grapples with Covid chaos

HONG KONG—Foxconn Technology 2354 -0.76% The group is scrambling to contain a week-long Covid-19 outbreak at an iPhone factory in central China, trying to appease scared and frustrated workers during a crucial time for smartphone orders. Inside Foxconn’s main factory in Zhengzhou, the world’s largest assembly site for Apple Inc. AAPL 7.56% iPhones, hundreds of …

Inside a Chinese iPhone factory, Foxconn grapples with Covid chaos Read More »

London markets plunge amid rising European inflation data

London markets plunge amid rising European inflation data

L Shares of ondon fell after trading in Europe was hit by runaway inflation across the continent. The FTSE 100 was also impacted by falling shares of banking companies after the disappointment of the latest quarterly figures from NatWest. The upper index ended the day down 26.02 points, or 0.37%, at 7,047.67. Michael Hewson, chief …

London markets plunge amid rising European inflation data Read More »

Amazon loses $200 billion in record tech rout

Amazon loses $200 billion in record tech rout

Surprisingly, Amazon’s digital infrastructure business, Amazon Web Services, also missed market expectations, generating $20.5 billion in revenue. Neil Campling of Mirabaud Securities said: “Retail and consumer weakness is not a new theme or shock. Neither inflation nor logistical challenges. But the cloud’s slowing speed will surprise many investors. Andy Jassy, ​​chief executive of Amazon, said: …

Amazon loses $200 billion in record tech rout Read More »

Apple forced to cancel plan to buy memory chips from China after Biden crackdown

Apple forced to cancel plan to buy memory chips from China after Biden crackdown

Apple was forced to cancel plans to use Chinese memory chips for its iPhones after US President Joe Biden hit Beijing with new tech sanctions. The White House has imposed new restrictions on China’s semiconductor industry to block its access to advanced graphics and memory processors. US officials have also added memory chip maker Yangtze …

Apple forced to cancel plan to buy memory chips from China after Biden crackdown Read More »