Apple investors face $340 billion hole as woes mount
Tepid China sales of its new iPhones raise questions over company’s pricey valuation
Source: gulfnews.com
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apple woes: Apple investors face $340 billion hole as woes mount
Tepid sales in China for its new iPhone models have fueled concerns about Apples ability to justify its pricey valuation and avoid a streak of four consecutive quarters of falling revenue — which would be its worst run since 2001. Thats as the company grapples with political tensions with China and overheating devices, while KeyBanc this month became the latest firm to downgrade the stock.
Source: indiatimes.com
Apple investors face $340bn hole as woes mount
Shares remain up for 2023 despite weakness since July.
Source: moneyweb.co.za
Office sector decline will hurt cities' bottom line
The work from home environment will reduce city property tax collections in coming months and years, analysts say, creating financial issues.
Source: bondbuyer.com
New York state lawmakers try to craft a budget deal
"I think there is a certain amount of anxiety for New York — and many other states — as federal pandemic funds run out and questions about the potential for a recession emerge," said Evercore's Howard Cure.
Source: bondbuyer.com