Year: 2025

Investing.com– Apple Inc (NASDAQ:AAPL) is likely to see weaker sales of its flagship iPhone in December, UBS analysts said in a recent note, citing persistent concerns over slowing demand and falling market share in top market China. UBS cut its iPhone unit/revenue estimates for December to 74 million units and $67.2 million revenue from 77 million…

SEOUL (Reuters) – South Korea’s acting President Choi Sang-mok said on Thursday immediate action must be taken if a special inspection of all Boeing (NYSE:BA) 737-800 aircraft operated in the country finds any issues as authorities ramp up a probe into Sunday’s deadly air crash. The conversion of data from the Jeju Air 7C2216 cockpit…

(Reuters) – U.S. President Joe Biden said on Wednesday law enforcement is investigating whether there are any links between a New Orleans truck attack that killed 15 people and the explosion of a Tesla (NASDAQ:TSLA) Cybertruck outside the Trump Hotel Las Vegas. “We’re tracking the explosion of a Cybertruck outside the Trump Hotel in Las…

Investing.com– Alibaba (NYSE:BABA) Group Holding (HK:9988) announced on Wednesday that it will sell its majority stake in the hypermarket chain Sun Art Retail Group (HK:6808) to Chinese private equity firm DCP Capital for HK$12.30 billion ($1.58 billion). Alibaba will sell its 78.7% stake in Sun Art it held via its subsidiaries, a Hong Kong Stock…

SEOUL (Reuters) – South Korea’s central bank governor said on Thursday the pace of monetary policy easing would need to be flexible this year due to heightened political and economic uncertainty. “This year, conditions surrounding our economy will be more difficult than ever before,” Bank of Korea Governor Rhee Chang-yong said in a New Year’s…

By Jihoon Lee SEOUL (Reuters) – South Korea’s factory activity contracted in December, with manufacturers’ sentiment turning pessimistic for the first time since mid-2020 due to uncertainty over U.S. trade policy and domestic politics, a private sector survey showed on Thursday. The purchasing managers index (PMI) for manufacturers in Asia’s fourth-largest economy, compiled by S&P…

Investing.com– U.S. stock index futures rose on Wednesday evening, marking a cautious start to 2025 after a mix of artificial intelligence hype and lower interest rates saw equity markets log stellar gains in the past year.  But these gains petered out towards the end of 2024, as a so-called “Santa Rally” largely failed to materialize…

PODGORICA, Montenegro (Reuters) – A gunman who killed at least 10 people in a rampage in a small town in Montenegro died from self-inflicted injuries on Thursday after attempting suicide, the country’s interior minister, Danilo Saranovic, said. The gunman, identified by police as Aleksandar Martinovic, 45, attempted suicide near his home in the town of…

WASHINGTON (Reuters) – The U.S. Treasury Department’s sanctions office was hacked by the Chinese government, the Washington Post reported on Wednesday, citing unnamed officials. The department earlier this week disclosed in a letter to lawmakers that Chinese state-sponsored hackers stole documents in what Treasury called a “major incident.” Source