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Apple leads surge in global tech shares after Trump tariff relief - The Economic Times
Economic Times
·
1d ago
Medial
Global tech shares, led by Apple, surged after President Trump's tariff relief announcement, exempting major chipmakers committed to U.S. manufacturing. Apple's stock rose due to its $100 billion U.S. investment pledge. Chipmakers like AMD, Intel, and Nvidia experienced gains, and TSMC hit record highs. However, the Philippines and Malaysia expressed concerns about potential impacts on their semiconductor exports, seeking clarity on the new tariffs, which could severely affect their economies.
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Apple prices first bond offering in 2 years
Economic Times
·
3m ago
Medial
Apple raised $4.5 billion through bond offerings, its first in two years, to fund stock buybacks and debt repayment. The issuance included various bond maturities and attracted substantial demand, with orders hitting $10 billion. This activity is part of a broader surge in new debt offerings amid improving credit spreads and market conditions post-tariff relief announcements. High demand for investment-grade bonds reflects investor preference for stable returns amid economic uncertainties.
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Apple shares rise after strong quarterly results amid tariff woes, competition - The Economic Times
Economic Times
·
7d ago
Medial
Apple shares rose by 2% in premarket trading after posting strong quarterly results, driven by a rebound in iPhone sales and the fastest revenue growth since 2021. Despite facing global trade tensions, tariff impacts, and intense AI competition, Apple projected better-than-expected growth, with a "mid to high single digit" forecast. The company continues to balance its manufacturing across India and Vietnam, dealing with competitive pressures from rivals like Samsung and Alphabet in both hardware and AI spaces.
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India's iPhone, smartphone exports to US have 20% tariff edge over China after exemption: Industry
Economic Times
·
3m ago
Medial
India's smartphone and electronic exports to the US, including iPhones, will be 20% cheaper than those from China, thanks to US tariff exemptions. This shift, driven by the Trump administration's policy amendments, offers a significant cost advantage for Indian exports. The move provides timely relief to the global tech industry, potentially making India a preferred manufacturing hub. With India’s mobile exports surging, the country stands to benefit from further scaling operations in global electronics value chains.
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Apple plans to invest another $100 billion in US manufacturing amid tariff pressure - The Economic Times
Economic Times
·
2d ago
Medial
Apple plans to invest $100 billion in US manufacturing amid tariff pressure from the Trump administration. President Trump, advocating for US production, is expected to announce this initiative with Apple CEO Tim Cook. This move follows Apple's $500 billion investment plan to bolster its AI infrastructure and mitigate tariff impacts. A new factory in Texas and a manufacturing academy in Detroit are part of the strategy to foster AI-driven production techniques within the US.
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Apple, Tesla, other tech stocks see historic gains after Trump pauses tariffs
Economic Times
·
4m ago
Medial
Global stocks rallied after President Trump announced a pause on recently imposed tariffs, notably benefiting tech stocks. The Nasdaq Composite surged over 12%, its second-best day ever. Apple gained over 15% following a tough period, despite ongoing concerns over tariffs on China, its manufacturing hub. Tesla, Nvidia, and Meta Platforms also saw significant increases, alongside Amazon, Microsoft, and Alphabet. Asian markets, particularly Japan, echoed this surge following the US market's historic gains.
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Major China-listed Apple suppliers including Luxshare, Goertek fall after Trump's tariff threats
Economic Times
·
2m ago
Medial
Major China-listed Apple suppliers, such as Luxshare, Goertek, and Lens Tech, experienced a sharp decline after U.S. President Donald Trump threatened to impose a 25% tariff on imported iPhones. This development was a result of Trump's warning on Friday to intensify the trade war with China. The potential levy on iPhones purchased by U.S. consumers caused significant market uncertainty for these suppliers.
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Walmart Layoffs: Who is Suresh Kumar, the Indian-origin CTO in news amid latest job cuts
Economic Times
·
2m ago
Medial
Walmart announced plans to cut 1,500 jobs at its Bentonville headquarters to streamline operations amid economic challenges. The layoffs, affecting the global tech team and others, will create new positions to enhance decision-making. Suresh Kumar, Walmart's Indian-origin CTO, has extensive experience from Microsoft, Google, and Amazon, and earns $15.98 million annually. Amid criticisms about H-1B hiring, Kumar's leadership and Walmart's tariff issues, highlighted by Trump, continue to draw attention.
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Apple’s Tim Cook meets with Trump as tariffs threaten iPhones
Economic Times
·
5m ago
Medial
Apple CEO Tim Cook is meeting with President Trump at the White House as Apple faces challenges from U.S. tariffs on Chinese goods and potential Chinese probes into its policies. The meeting aims to address the risk of Apple being caught in escalating trade tensions between the U.S. and China. Cook and Apple have historically maintained a strategic relationship with Trump, securing tariff exemptions, although future exemptions remain uncertain due to Trump's broader tariff strategies.
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Trump says China could get tariff relief if it approves TikTok deal
Economic Times
·
4m ago
Medial
President Donald Trump indicated he might consider tariff relief for China if it approves a sale agreement for TikTok, owned by ByteDance. Speaking aboard Air Force One, Trump highlighted the potential use of tariffs as a negotiation tool, suggesting China might exchange TikTok's approval for tariff concessions. TikTok faces an April 5 deadline to find a non-Chinese buyer to avoid a U.S. ban. Discussions involved multiple investors, and Trump's administration is close to a deal.
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Blackstone backs Trump's tariff move, says it will boost US manufacturing
VCCircle
·
4m ago
Medial
Blackstone CEO Stephen Schwarzman supports U.S. President Trump's tariffs, predicting they will enhance American manufacturing and stimulate economic growth. While Trump's tariff policies worry investors globally, Schwarzman, speaking in Mumbai, expects positive outcomes from U.S.-India tariff negotiations after Trump and Modi's meeting. Blackstone aims to double its assets in India, focusing on infrastructure, as it continues significant investments in real estate, healthcare, and technology sectors within the country.
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