Page 12 - Patricko Hare News Today

China is reportedly planning to expand an iPhone ban to government-backed agencies and state companies, broadening the effect of the policy in a centrally-planned economy.

Apple and other tech shares were under pressure early Thursday, as Wall Street stocks opened mostly lower amid worries over further interest rate hikes. Shares of Apple fell more than three percent following a big drop Wednesday on a Wall Street Journal report that the Chinese government was barring the use of iPhones in government offices.

Apple shares fell sharply for a second straight session on Thursday following reports of significant Chinese restrictions on iPhones at government offices and state-backed entities.

Apple shares fell sharply for a second straight session Thursday following reports of significant Chinese restrictions on iPhones at government offices and state-backed entities.

Reports say China has barred the use of Apple smartphones in central government agencies.

Stock markets wavered on Thursday, weighed down by concerns about China's economy and fears of more US interest-rate hikes.The Fed has already hiked interest rates 11 times since March last year to control runaway inflation, raising its key lending rate in July to its highest level for 22 years. 

Shortly after trading began, the Dow Jones Industrial Average slipped 0.1 percent to 34,813.78.

NEW YORK: Wall Street stocks stumbled early Tuesday after a long weekend, as investors digested signs of a slowing...

Stock markets mostly rose and the dollar dipped Friday after a US jobs report helped solidify expectations of a pause in US interest rate hikes.

Stock markets diverged Wednesday as a global rally faded, despite more data that soothed fears of a further rise in US interest rates.