November 30, 2022

iPhone revenue ‘may be significantly lower’ amid China disruption

The iPhone estimate cuts continue to rain down on mighty Apple as unrest in China upsets the tech giant’s manufacturing cadence. “The production of the Zhengzhou iPhone plant was significantly affected by laborers’ protests, so I cut the 4Q22 iPhone shipments by about 20% to […]
November 30, 2022

What’s Happening With Wrapped Bitcoin on Ethereum?

An important “wrapped” token nearly unraveled last week—the latest crypto product to be hurt by the fallout of the once-dominant FTX exchange which collapsed earlier this month. For those who don’t know, Wrapped Bitcoin (WBTC) is the 23rd largest cryptocurrency, with a market cap of […]
November 29, 2022

Oil’s huge surge in 2022 has completely reversed: Morning Brief

The one trade that dominated most of 2022 has given up almost all of its gains. Oil touched its lowest level of the year on Monday morning, a victim of concerns over political turmoil in China and a potential hit to demand. Amid deep losses […]
November 29, 2022

Black Friday: Here are some retail winners and losers

The Black Friday start to the crucial holiday shopping season has been mixed at best, and that means there are some distinct early and winners and losers, analysts say. “Lululemon, A&F banner, American Eagle Outfitters, and Victoria’s Secret banner emerged as the biggest winners this […]