An Hour AgoApple iPhone shipments fall just about 10% in first quarter; Samsung retakes best spot Apple iPhone shipments plunged just about 10% globally within the first quarter of 2024, burdened through double-digit enlargement in shipments through Chinese language challengers Xiaomi and Transsion, a record from Global Knowledge Company confirmed.Apple shipped 50.1 million devices Within the first quarter, down 9.6% from the 55.4 million shipments in the similar length a 12 months previous. Apple recorded the sharpest decline 12 months on 12 months a few of the best 5 smartphone manufacturers, the record confirmed. Samsung regained the highest spot within the first quarter, with a 20.8% marketplace proportion, transport just about the similar selection of devices as ultimate 12 months at 60.1 million.Apple, which surpassed Samsung as the biggest smartphone maker in 2023, noticed its marketplace proportion drop to 17.3% from 20.7% a 12 months previous.Learn the entire tale right here.— Sheila ChiangAn Hour AgoIndia’s wholesale inflation in March tops estimates at 0.53% India’s wholesale worth inflation for March rose 0.53% 12 months on 12 months, moderately greater than Reuters’ estimates for a zero.51% upward push. WPI studying was once 0.2% in February.The rise in March was once owed to better costs of meals, crude petroleum and herbal gasoline merchandise, minerals and non-food articles.India’s WPI measures the alternate within the costs of wholesale items traded between firms, in comparison to the patron worth index which makes a speciality of items bought through shoppers.—Lee Ying Shan4 Hours AgoGold rebounds after Friday sell-off as Iran-Israel tensions spur safe-haven call for Gold climbed on Monday as traders sought secure haven property following Iran’s drone and missile strike on Israel over the weekend.Spot gold costs climbed 0.61% to business at $2,356.34 consistent with ounce, rebounding after a retreat from all-time highs on Friday.Gold futures for April rose 0.1% to business at $2,358.5.5 Hours AgoChina Vanke says it faces non permanent liquidity force and operational difficultyChinese actual property company China Vanke stated in a gathering with analysts that it faces “operational difficulties” and “non permanent liquidity pressures.”In a submitting, Vanke stated it has a “package deal” of plans to stabilize operations and scale back liabilities. It additionally forecast that its debt scale will drop through 100 billion yuan in two years, and debt dangers might be diminished.The submitting additionally stated that “all Vanke Crew Tasks might be delivered on time and with prime quality.”Final Thursday, S&P stripped Vanke’s investment-grade standing and the developer showed studies that an government was once being investigated, including to woes for the embattled belongings sector.7 Hours AgoOil shares in Asia blended after Iran drone moves in opposition to Israel Oil shares in Asia had been blended following Iran’s drone strike in opposition to Israel over the weekend, whilst oil futures had been little modified.Australian oil heavyweight Woodside Power inched up 0.1%, whilst opposite numbers Santos and Seaside Power won 0.38% and 1.02%, respectively.In Japan, Japan Petroleum was once one of the vital greatest gainers at the Nikkei 225, up 3.08%, whilst Eneos Holdings rose 0.32%. Heavyweights Inpex and Cosmo Power, then again, fell 0.29% and zero.58%, respectively.South Korean oil shares had been additionally blended, with the biggest oil inventory through marketplace cap at the Kospi SK Innovation down1.29%. Counterpart S-Oil, which is the second-largest South Korean inventory, rose 2.04%.— Lim Hui Jie8 Hours AgoJapan equipment orders in February surpass expectancies Japan’s core equipment orders beat expectancies through a massive margin in February, emerging 7.7% month on month in comparison with the 0.8% upward push anticipated through economists polled through Reuters.Then again, on a year-on-year foundation, core equipment orders had been down 1.8%, a smaller drop than the 6% decline forecast within the Reuters ballot.Core equipment orders are a extremely unstable information collection, thought to be a number one indicator of capital spending in Japan.— Lim Hui Jie, Reuters8 Hours AgoCNBC Professional: A best Nvidia shareholder unearths his cause for promoting enlargement stocksNvidia’s stocks were on a tear this 12 months, up greater than 80% in 2024, however one in every of its best shareholders has published why they have been promoting the inventory.Raj Shant, managing director on the funding company Jennison Friends, informed CNBC Professional that the company has been promoting its place within the AI chip maker to regulate possibility in spite of ultimate positive about its long-term possibilities.CNBC Professional subscribers can learn extra about Jennison’s causes.— Ganesh Rao9 Hours AgoOil costs fall moderately after Israel fends off large-scale aerial assault through IranU.S. crude oil futures had been moderately decrease Sunday as buyers breathed a sigh of aid after Israel fended off a large-scale air attack through Iran and the U.S. emphasised it needs to steer clear of a much broader battle within the Center East.The West Texas Intermediate contract for Might misplaced 34 cents to $85.32 a barrel as buying and selling started Sunday night time. June Brent futures eased moderately to $90.18 a barrel. U.S. crude closed at $85.66 a barrel Friday, whilst the worldwide benchmark settled at $90.45. WTI futures started the 12 months round $71 a barrel.Iran introduced greater than 300 drones and missiles in opposition to army goals in Israel on Saturday in an assault that President Joe Biden described as “unheard of.” Although important in scale, the Iranian assault led to little precise injury in Israel. — Spencer Kimball10 Hours AgoCryptocurrencies fall on higher Center East tensionsBitcoin and different cryptocurrencies bought off closely Saturday night time after Iran introduced an unheard of drone and missile assault on Israel. As of Sunday night time, Bitcoin was once buying and selling close to $65,000. It controlled to rebound in part from its losses on Saturday, when it fell beneath $62,000 from round $70,000. This marked the steepest unload for bitcoin in over a 12 months.Different cash like ether additionally noticed heavy promoting, down through as much as 10% in some instances.— Hakyung Kim, Matt Clinch10 Hours AgoFirst direct assault on Israel from Iranian territory SaturdayIran fired 300 drones and missiles towards Israel on Saturday night time in retaliation for a suspected Israeli strike killing best Iranian officers in Syria. The strike was once the primary direct assault on Israel from Iranian territory. The Israeli executive stated it known 300 kinds of drones and missiles, and controlled to intercept “99%” of the ones sure for Israeli territory, consistent with an Israel Protection Forces spokesperson. — Hakyung Kim
