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Apple supplier Foxconn sees revenue decline in first quarter of 2024 amid weak global consumer electronics demand, sluggish iPhone sales

Foxconn, the world’s largest electronics contract manufacturer, did not provide an estimate of the quarterly drop, but said the year’s first three months represent an off-peak season for the industry. ....

Henan , China , Zhengzhou , Hon-hai-precision-industry , Foxconn-technology-group , Phone , Consumer-electronics , Taiwan , Hon-hai-precision-industry , Zhengzhou , Henan

Apple's reign as world's most valuable stock by market value in jeopardy from bumpy 2024 start

Apple has been the world’s most valuable publicly-listed company since July 2022, but has seen about US$177 billion in market value erased so far this year. ....

China , California , United-states , New-york , Anurag-rana , Us-justice-department , Microsoft-corp , Bloomberg , Microsoft , New-york-times , Apple-watch , Bloomberg-intelligence

5 Things to Know Before Markets Open

Fitch downgrades the U.S. credit rating over recent debt-ceiling standoffs and AMD shares rise after its earnings report highlights its AI products. Here’s what investors need to know today. ....

China , Starbucks-corp , National-employment , Fitch-ratings , Ratings-downgrades , Earnings-report-highlighting , Micro-devices , Shares-fall-as-worldwide-sales-fail , Meet-expectations , Electronic-arts , Show-private-sector-job-drop-ahead

Infosys woes spark selloff in stocks of tech firms

The bear onslaught on 10 technology stocks comprising the Nifty IT index wiped ₹1.03 trillion off investor wealth, with Infosys Ltd alone accounting for a little more than half of the losses ....

India , Andrew-holland , Vibhor-singhal , Siddharth-khemka , Nuvama-research , Wipro , Motilal-oswal-financial-services , Tata-consultancy-services , Infosys , View-full , Tech-mahindra , Motilal-oswal-financial

Demand Surges for Bonds Which Protect Against Rating Downgrades As Covid-19 wave threatens outlook for businesses: India Credit

Bondholders are piling into rupee-denominated debt whose interest increases every time the notes' credit ratings are downgraded ....

Baroda , Gujarat , India , Mumbai , Maharashtra , Canara , Karnataka , Kapil-wadhawan , Sharon-chen , Rena-kwok , Sheenu-gupta , Axis-bank