As the yen weakens, gadget-loving Japan turns to used iPhones

TOKYO (Reuters) – For years Japanese shoppers have been eagerly waiting for the latest hardware, but now a weaker yen has put new iPhones out of reach for some and sparked a growing second-hand trade in a key market for Apple Inc. (AAPL.O). The Japanese currency’s slide to a 32-year low against the dollar has … Read more

China’s COVID restrictions affected iPhone production, Shanghai Disney closed

Big iPhone factory may see 30% drop in production in November source Shanghai Disney Resort closes, visitors stay inside for testing China’s October PMI unexpectedly weak Gaming center in Macau reimposes COVID restrictions BEIJING (Reuters) – China’s COVID-19 restrictions forced the temporary closure of a Shanghai Disney resort on Monday, while production of Apple’s iPhones … Read more

Bad report cards in US companies raise recession fears

Oct 25 (Reuters) – US technology giants Alphabet (GOOGL.O) and Microsoft (MSFT.O) for General Electric (GE.N) and game maker Mattel (MAT.O) On Tuesday, it reported a significant slowdown in growth or warned that things were only going to get worse, sparking recession fears and sending stocks lower. The series of disappointing results point to a … Read more

Wall Street drops due to inflation fears, interest rate hikes

Megacap growth stocks fall against higher yields Oil prices add to inflation problems after OPEC+ production cut Weekly jobless claims in the US increased more than expected Indices down: Dow 0.70%, S&P 0.72%, Nasdaq 0.67% Oct 6 (Reuters) – Wall Street’s main indexes fell on Thursday on concerns about continued inflation and the Federal Reserve’s … Read more

Exclusive Twitter brands post ads next to child pornography accounts

Sept 28 (Reuters) – Some major advertisers including Dyson, Mazda, Forbes and PBS Kids have halted their marketing campaign or removed their ads from parts of Twitter because their promotions appeared alongside tweets urging child pornography, the companies told Reuters. Brands ranging from The Walt Disney Company (DIS.N)NBCUniversal (CMCSA.O) The Coca-Cola Company (KO.N) Children’s Hospital … Read more