Heather Erickson

TikTok Ban Discussed Amid National Security Concerns

TikTok’s ban in the US raised concerns about threats to national security on Monday, as former president Donald Trump opposed the halt, saying it would likely empower Meta’s Facebook platform. In an interview, Trump asserted that without TikTok, one can make Facebook more significant. He also mentioned that the platform is an enemy of the …

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TMN - Oil

Oil Drops on Soft Chinese Demand Despite OPEC+ Cut Extension

On Friday, oil prices slid due to low Chinese demand despite an output cut extension by the Organization of Petroleum Exporting Countries and Allies (OPEC+). The US West Texas Intermediate (WTI) petroleum futures for April delivery retreated 1.17% to $78.01 per barrel on March 08. Moreover, analysts anticipate a 0.46% tumble to $77.42 a barrel …

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Stocks of the Target declined Following the Holidays

Target Jumps on Q4 Earnings Beat, Circle 360 Launch Hype

On Tuesday, Target Corporation’s shares rose after better-than-expected fourth-quarter earnings and anticipation for its Circle 360 membership. The Minnesota-headquartered retailer’s stock soared 12.03% to $168.60 per share on March 05 following its latest earnings call. Nevertheless, industry experts predict short-term profit-taking to drive a 1.12% slide to $166.71 apiece in the coming market session. Target …

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apple

Apple China iPhone Sales Fall 24% on Stiff Local Competition

US tech titan Apple Inc. saw its iPhone sales in key market China plummet in the first six weeks of this year, reflecting weak demand for the company’s flagship smartphone and indicating a more competitive environment due to the strength of local brands. Data from a Hong Kong-headquartered tech analyst firm showed that Apple’s iPhone …

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Oil Prices

Oil Prices Surge as OPEC+ Maintain Output Cuts

Oil prices rose Monday as OPEC+ extended output cuts through the second quarter, aligning with expectations. Russia also committed to reducing production and exports, contributing to the surge. Brent futures ending in May soared by 0.41% to $83.89 per barrel. Moreover, West Intermediate (WTI) futures expiring in April climbed by 0.35% to $80.25 a barrel. …

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Dell Soars on Q4 Earnings Beat, Robust AI Server Demand

On Friday, Dell Technologies had its best trading day since 2018 on better-than-expected fourth-quarter performance and AI server demand. The Texas-headquartered tech company’s stock advanced 31.62% to $124.59 per share on March 01 following its latest earnings call. Furthermore, industry analysts anticipate a 0.86% climb to $125.66 apiece in the coming market session. Dell posted …

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apple

Apple May Skip Spring Event 2024 for New iPad, Mac Releases

US tech giant Apple Inc. reportedly has no plans to host a spring event this year despite having a new suite of products poised for launch in the season. Bloomberg Television tech correspondent Mark Gurman stated that instead of a major special event, the iPhone maker will announce its new product lineups through online videos …

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OPEC

Oil Prices Soar as OPEC+ Supply Cuts Decision Looms

On Friday, oil prices surged ahead of the Organization of the Petroleum Exporting Countries (OPEC+) decision on a supply deal for the second quarter despite the US and China’s demand uncertainties. In the Asian afternoon session, Brent futures for May contracts increased by 0.02% to $81.93 a barrel. Concurrently, West Texas Intermediate (WTI) futures ending …

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