Manufacturers Gradually Moving Out Of China
In order to diversify and increase manufacturing, Apple supplier Foxconn has inked a $300 million memorandum of understanding with Vietnamese developer Kinh Bac City.
Go Deeper (2 min read)Nubank, South America's Champion
David Vélez, Cristina Junqueira and Edward Wible launched Nubank in 2013 after becoming dissatisfied with the Brazil's banking services. The company secured a $2 million seed investment from Sequoia Capital and Kaszek Ventures.
Go Deeper (9 min read)Bank stocks have posted strong outperformance against the S&P500 in recent weeks after a dramatic sell-off in the first half of 2022.
Go Deeper (2 min read)The Complex Dynamics Of The Streaming Market
Last week, Walt Disney announced a better-than-anticipated 26% increase in revenue thanks to record performance at its theme parks sector and the addition of more new subscribers to its main streaming video platform Disney+.
Go Deeper (2 min read)Shopify's Growth Comes To A Halt
Shopify's platform is now being avoided by companies hurt by rising prices and decreasing consumer spending, which is impeding its efforts to correct previous errors in overestimating e-commerce demand.
Go Deeper (2 min read)More from Business
Meta Isn't Going Well
Since coming public in 2007, Meta hasn't had a quarterly sales decrease year over year. Yet, revenue for the second quarter was $28.82 billion, down 1% from $29.07 billion in the second quarter of 2021.
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Apollo Global, An Investments Leader
Founded in 1990, Apollo is a high-growth, global alternative asset manager with a focus on three investing strategies: yield, hybrid and equity. The company has a flexible mandate in many of the funds it manages which enables it to invest opportunistically across a company’s capital structure.
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At this week's Farnborough Airshow, Boeing released big order announcements from Delta Airlines and other carriers for its troubled 737 MAX jet. Rival Airbus added to its A320neo order book with orders from EasyJet and a mega-order for almost 300 jets from Chinese airlines.
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Yield Curve Inverses And Fed To Hike Rates
On Wednesday, the spread between the 2-year Treasury yield and the 10-year Treasury yield increased to its highest point since 2000. The spread increased following the U.S.' consumer price index release which reported an inflation of 9.1% year-on-year in June.
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According to a poll by the People's Bank of China, the inclination of Chinese consumers to save money is at its greatest level in twenty years.
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Micron Technology designs, produces, and distributes memory and storage products such as USB flash drives, flash memory, and dynamic random-access memory. It is the fourth largest semiconductor company in the world and has its main office located in Boise, Idaho.
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