Reddit shares plunge almost 25% in two days, finish the week below first day close
Reddit shares are plummeting from the rally highs experienced after the social messaging company’s IPO last week.
U.S. News
Apple iPhone sales plunge 24% in China as Huawei smartphone business resurges, report says
Analyst firm Counterpoint Research said iPhone sales dropped 24% in the first six weeks of 2024 as Apple faced stiff competition from local smartphone firms.
International: Top News And Analysis
Chinese Tesla rival shares dive 11% after it forecasts a plunge in car deliveries
Xpeng has been hurt by a tough macroeconomic situation in China as well as rising competition from Tesla, BYD and electric car startups.
International: Top News And Analysis
Hong Kong’s Hang Seng index drops 3% as China tech and education shares plunge
Shares in Asia-Pacific were mostly lower in Monday trade, as Chinese tech stocks in Hong Kong plunged.
International: Top News And Analysis
Saudi Arabia is the winner from oil’s historic price plunge, analysts say
Saudi Arabia will be best positioned to weather the impact of an unprecedented collapse in U.S. oil prices, analysts told CNBC on Tuesday.
International: Top News And Analysis
Europe should see a ‘tick mark’ recovery after a coronavirus plunge, economists say
The sharp economic downturn caused by the coronavirus pandemic will be followed by a rebound — but it will take around two years.
International: Top News And Analysis