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...The S&P/TSX Renewable Energy & Clean Technology index fell by almost 37 per cent between the end of 2021 and 2023....
...Cook and Apple have been keen to turn around the narrative....
...Cook also visited Vietnam and Indonesia over the past week for talks on possible expansion of production....
...Chief executive Tim Cook last month told analysts he remained “very optimistic about China over the long term” and blamed part of the decline on a stronger dollar....
...Apple’s chief Tim Cook said today that China was “critical” to its business during a visit to the country....
...Traders will also be looking out for commentary from US Federal Reserve representatives Austan Goolsbee, Raphael Bostic and Lisa Cook....
...orla.ryan@ft.com...
...Crowding into the Hyatt Regency to meet the Chinese leader were Elon Musk of Tesla, Tim Cook of Apple and Albert Bourla of Pfizer, all keen on selling more electric cars, iPhones and pharmaceuticals in the...
...The benchmark S&P 500 gained 1.1 per cent, while the tech-heavy Nasdaq Composite closed 1.2 per cent higher....
...Apple chief executive Tim Cook credited iPhone sales, which rose 6 per cent to $69.7bn, and an “all-time revenue record in services”, with the number of active Apple devices surpassing 2.2bn....
...Apple revenues were $119.6bn for the quarter to the end of December, up 2 per cent from the same period the previous year and beating consensus estimates of $118.3bn, according to S&P Capital IQ....
...Meanwhile, S&P Global will release its purchasing managers’ indices for manufacturing and services, with February readings expected to dip slightly from January levels....
...Cook said the Vision Pro launch in the US would be followed by “expansion to other countries later this year”....
...But a broader anti-China mood in Washington will remain an obstacle to better relations, warns Ryan Hass, a former White House National Security Council director for China and Taiwan....
...Tech M&A spending fell to a decade low last year, according to data from S&P Global....
...“The oil market is waiting,” said Daniel Yergin, author and vice-chair of S&P Global....
...Ryan Bulkoski, global head of the artificial intelligence, data and analytics practice at executive recruiters Heidrick & Struggles agrees....
...New phone, new name Twelve years to the day after Huawei unveiled its P series of flagship smartphones, the beleaguered Chinese tech titan began selling its latest phone, the revamped and renamed Pura 70...
...Khosrowshahi was hired in 2017 from Expedia, where he was once the best-paid chief executive in the S&P 500....
...With additional reporting by Ryan McMorrow...
...rates in March 2022, Morgan Stanley’s stock, which a month earlier had hit a record high, was up 2 per cent as of Wednesday, lagging well behind Goldman Sachs and JPMorgan Chase as well as the benchmark S&P...
...The broad S&P 500 gained 1.1 per cent to set a record closing high while the tech-heavy Nasdaq Composite index climbed 1.5 per cent....
...Additional reporting by Ryan McMorrow and Sun Yu...
...PMI: S&P Global will release its US flash purchasing managers' indices for September, which are expected to rise....
...Click here for full coverage from the FT US: Ryan Salame, a former senior lieutenant to FTX founder Sam Bankman-Fried, is due to be sentenced after pleading guilty to two conspiracy counts last September...
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