Liu Baoxiang, who operates a mahjong parlor in a city on China’s rust belt, no longer indulges in ostentatious fashion purchases after watching the value of his two apartments drop by almost a third over the previous two years. “I… Read More ›
Month: April 2023
Data On Manufacturing Output And Weak Retail Sales Indicate A Weakening Of The US Economy
Consumer spending on cars and other expensive things decreased more than anticipated in March in the US, signaling that the economy was losing momentum at the end of the first quarter as a result of increasing interest rates. Retail sales… Read More ›
Brands Looking Up To China’s Tropical Duty Free Island In The Hopes Of A Consumer Resurgence
This week, representatives from over 3,000 brands, including Estee Lauder and Burberry, descended on China’s Hainan island to display their newest products in an attempt to capitalize on the post-COVID consumer boom that has already begun on the island famous… Read More ›
With New Cloud Technologies, Amazon Intensifies Its AI Fight With Microsoft And Google
The cloud computing division of Amazon.com Inc. on Thursday unveiled a set of tools to assist other businesses in creating their own chatbots and AI-powered image-generation services. As they integrate AI chatbots into consumer goods like their search engines, Microsoft… Read More ›
Minutes Of Meeting Show The US Fed Anticipates The Banking Crisis Will Lead To A Recession This Year
According to Federal Reserve data published on Wednesday, the effects of the U.S. banking crisis are expected to cause the economy to enter a recession later this year. The demise of Silicon Valley Bank and other turmoil in the financial… Read More ›
Can Apple Win Over India Through Its New Stores
Apple is now preparing to build its first stores in India, more than 20 years after its products initially made their way onto Indian marketplaces. Later this month, the two stores—one each in India’s capital Delhi and Mumbai, its financial… Read More ›
Apple Will Open Its First Stores In India Next Week, Demonstrating CEO Tim Cook’s Positive Outlook For The Nation
Next week will see the opening of Apple’s first physical locations in India, underscoring the significance of the nation for the sale and production of iPhones in the future. The Cupertino behemoth will launch a location in Mumbai on April… Read More ›
IIF Chief Warns That Although The Banking Instability Was Not A Crisis, “The Downside Risks Are Real”
Tim Adams, chief executive officer of the Institute of International Finance, claims that the upheaval in the banking industry that caused the failure of multiple lenders was not a systemic problem and has since eased. The collapse of Silicon Valley… Read More ›
First-Quarter Global PC Shipments Are Down, With Apple Suffering The Most, According To IDC
In the first quarter of 2023, the world’s shipments of personal computers fell by about a third, with Apple Inc. suffering the biggest decline among the market leaders as the sector battles a post-pandemic slowdown in consumer spending. Market research… Read More ›
Bitcoin’s Value Surpasses $30,000 As Speculators Anticipate An End To Rate Increases
As investors increased their bets that the U.S. Federal Reserve will soon halt its aggressive monetary tightening campaign, major cryptocurrency bitcoin broke the crucial $30,000 mark for the first time in 10 months on Tuesday. This move added to the… Read More ›
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