April 10, 2024

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Major US Stock Market Indices Decline as Tech Sectors Experience Mixed Performance

Key Points: The U.S. market faced a downturn; the S&P 500 decreased by 1.19%, the Nasdaq 100 declined by 1.10%, and the Dow 30 dropped by 1.38%. Tesla, Inc. (TSLA) and Advanced Micro Devices, Inc. (AMD) experienced slight downturns of 3.14% and 3.35%, respectively.  Rent the Runway, Inc. (RENT), Infobird Co., Ltd (IFBD), Entera Bio Ltd. (ENTX), and Motorsport Games Inc. (MSGM) were among the top performers. FutureFuel Corp. (FF), Processa Pharmaceuticals, Inc. (PCSA), SMART Global Holdings, Inc. (SGH), and...

Latest April 10, 2024

Apple Ramps Up iPhone Production in India, Fostering Supply Chain Diversification Amidst Geopolitical Tensions

Key Points: Apple has ramped up iPhone production in India, signifying efforts to diversify its manufacturing base amidst escalating tensions between the U.S. and China. India now accounts for approximately 14% of Apple's iPhone production, doubling the output from the previous year. Pegatron, Foxconn, and Wistron are among the key manufacturers contributing to Apple's increased production in India. Despite facing...

Independent Browser Companies Gain Traction in EU Amid Digital Markets Act Rollout

Key Points: Implementing the EU's Digital Markets Act prompts a surge in independent browser users within the European Union. Aloha Browser reports a 250% increase in EU users in March. Other independent browser companies, including Vivaldi, Ecosia, and Brave, also saw users rise. Larger players like DuckDuckGo and Opera experience record user growth in the EU. Apple and Google begin...

TSMC Reports Record Monthly Revenue Surge Fueled by AI Chip Demand

Key Points: TSMC reports a record surge in monthly revenue for March, driven by AI chip demand. March revenue reaches 195.2 billion new Taiwan dollars. March's monthly revenue increased 34.3% year over year. The first quarter's revenue totals 592.6 billion new Taiwan dollars, up 16.5% year over year. TSMC remains a key player in the semiconductor market. Intensifying competition in...

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