Taiwanese company Foxconn is slowly validating the iPhone detox

HONG KONG, Dec. 1 (Reuters) – Covid-19 lockdowns and protests across China have highlighted the dangers of interdependence between Taiwan’s Foxconn and its major customer Apple. (AAPL.O). Even before recent supply chain disruptions and violent protests disrupted production in the People’s Republic of China, the Cupertino giant had been hedging its exposure to Foxconn. The … Read more

Trump’s 2024 presidential bid was a new wrinkle for the markets

NEW YORK (Reuters) – Former President Donald Trump’s entry into the 2024 presidential race on Tuesday confirmed the world’s “worst-kept secrets” and created another variable for markets that some investors say remains a low priority for now. Trump, who has launched relentless attacks on voting integrity in the United States since his defeat in the … Read more