• Big Tech

  Apple’s iPhone Is Getting Crowded Out of the Chinese Market

  

  iPhone sales in the country fell nearly 20% in the first quarter, with many consumers flocking to local rivals.

  2 min read
• Markets

  NYSE Polls Market Players About Moving to Around-the-Clock Trading

  

  The NYSE is asking participants how investors should be protected during periods of volatility, how overnight staffing should work.

  1 min read
• Consumer

  Weight-Loss Drugs Are Dragging Down Snack Makers’ Bottom Line

  

  A new survey finds evidence that “the drugs have a meaningful impact on consumer behavior and spending on groceries and restaurants.” 

  2 min read
• Semiconductors

  TSMC Had a Great Q1, But Chip Recovery Looks Sluggish

  

  Multiple chipmakers have suffered slowdowns across smartphones, personal computers, motor vehicles, and other consumer goods.

  1 min read
• M&A

  Dealmaking Is Coming Back — With or Without Fed Rate Cuts

  

  Dealmaking-related revenue at a handful of major investment banks collectively rose 27% year-over-year in the first quarter.

  2 min read
• Real Estate

  Big Tech Offloads Office Space, Putting Commercial Landlords in Flux

  

  Some of the more reliable office building tenants are reversing course by letting leases expire or subleasing space across major cities.

  2 min read
• Indicators

  US Retail Sales Surge as Consumers Shrug Off Inflation, High Interest Rates

  

  Sales rose 0.7% month-over-month — about double what many economists had predicted. Year-over-year, that’s a 4% jump. 

  1 min read
• Geopolitics

  Crypto, Oil Markets In Flux With Growing Conflict in the Middle East

  

  Both asset classes could continue to swing wildly as the latest aggression in the region reverberates throughout the world.

  1 min read