It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
Warren Buffett's Berkshire Hathaway reduced its stake in Apple again, selling an estimated 116 million shares. This is the second quarter in a row that Buffett has trimmed his holdings in the tech giant. While Apple remains Berkshire's largest investment, Buffett may have sold due to valuation concerns, as Apple's stock has rallied significantly in recent months. Despite the sale, Berkshire is still Apple's largest shareholder outside of index funds.
Apple and Amazon are set to release their financial results this week. Analysts will be paying attention to the growth of the iPhone, Apple's services business, and any updates on its AI strategy. Amazon's earnings will highlight the performance of its cloud computing business, AWS, and potential dividend announcements.
The Philippine SEC has requested that Google and Apple remove Binance apps from their app stores. The regulator claims that Binance is offering unregistered securities and operating illegally in the Philippines, posing a threat to investors' funds. The SEC believes blocking access to Binance through app stores will protect Filipinos from financial harm.
Political tensions between Iran and Israel are pushing up oil prices, outweighing the impact of supply and demand. An escalation of the conflict could severely disrupt oil flow through the Strait of Hormuz, driving prices even higher. Gold prices may fluctuate in the short term but continue to be supported by geopolitical uncertainties.
The EU is probing tech giants Google, Apple, and Meta for potential breaches of a new law meant to make the digital marketplace fairer. The investigation centers on how these companies steer users towards their own services within their app stores and search engines, and how Meta gives users the choice between privacy or paying for ad-free service. This probe could lead to fines or changes in how these companies operate, and has already sparked concerns for their investors and international implications.
Apple faces antitrust lawsuits and investigations over its alleged monopoly in the smartphone market and App Store practices. Despite these challenges, Apple's core business is strong, driven by the growing iPhone franchise and services revenue. New product launches are expected to boost growth, while potential partnerships with companies like Google may drive innovation in areas like artificial intelligence.
U.S. stocks soared on Monday, led by tech companies. Google's parent company, Alphabet, jumped nearly 4.5% on rumors of a Google AI partnership with Apple. AI chipmaker Nvidia and electric carmaker Tesla also rose. Investors are now eagerly awaiting the Federal Reserve's meeting on Wednesday for hints about future interest rate cuts. Despite the positive mood, server manufacturer Super Microcomputer saw a significant decline.
Apple, Alphabet, and Tesla stocks have recently faced challenges. Apple, in particular, has struggled due to lower iPhone sales, legal issues, and project cancellations. Despite these setbacks, Apple's loyal consumer base and upcoming changes to increase revenue per device remain strong. Generative AI is a promising new technology, but analysts are concerned that Apple may fall behind in this area. Additionally, antitrust and geopolitical tensions could impact Apple's earnings.
