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Apple’s iPhone sales plummeted 19% in March quarter, per Counterpoint data
According to Counterpoint Research, Apple’s (AAPL) iPhone sales in China plummeted by 19% during the March quarter, marking the device's poorest performance in the region since the onset of Covid around 2020.
Renault posts revenue beat in Q1, confirms full-year outlook
On Tuesday, Renault reported a 1.8% increase in first-quarter revenue, driven by higher sales from its financing arm due to rising interest rates, and a 2.6% increase in car sales volumes compared to the previous year.
Elon Musk pushed for 20% headcount reduction in Tesla- Bloomberg
Investing.com– Elon Musk had pushed for a 20% headcount reduction in Tesla Inc (NASDAQ:TSLA), Bloomberg reported on Sunday, citing a source close to the EV maker’s CEO as it undertakes a pivot into autonomous vehicles following a drop in deliveries.
US commerce secretary downplays chip in advanced Huawei phone
WASHINGTON (Reuters) – The chip powering the Mate 60 Pro phone of sanctioned Chinese company Huawei is not as advanced as American chips, U.S. Commerce Secretary Gina Raimondo said on Sunday, arguing that it shows U.S. curbs on shipments to the telecoms equipment giant are working.
Vietnam set to launch new stocks trading system in bid for market upgrade
By Phuong Nguyen and Francesco Guarascio
Analysis-'Overdue' pullback in US stocks to test dip-buyers' resolve
By Lewis Krauskopf and Saqib Iqbal Ahmed
Tesla cuts prices in China, Germany and around globe after US cuts
By Hyunjoo Jin, Ethan Wang and Christoph Steitz
China state fund pours $41 billion into stock market in Q1, reports show
SHANGHAI (Reuters) – Chinese state fund Central Huijin Investment bought blue-chips worth at least $41 billion in the first quarter in a bid to shore up the sliding stock market, funds\’ latest quarterly reports show.