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Apple iPhones Lose Ground In China As Subsidies Boost Huawei, Domestic Rivals
November sales of foreign-made phones in China plummeted as Apple struggles to maintain market share in the face of China’s government subsidies and support of its domestic brands. read more
US Manufacturing Activity Tops Expectations In December, Rises To 9-Month Highs
U.S. manufacturing sector shows signs of improvement in December. PMI rises to 49.3%, strongest since April 2024. Dollar rebounds on positive data. read more
Biden Blocks $14.9B US Steel Takeover, Shares Plunge (UPDATED)
President Joe Biden blocked the $14.9 billion acquisition of United States Steel Corp. (NYSE: X) by Nippon Steel Corp. (OTC: NPSCY), citing national security risks. Biden emphasized the vital role of domestic steel in supporting U.S. infrastructure and defense. read more
Ondas Holdings Secures Key FAA Waiver; Stock Jumps
Ondas shares rise after receiving FAA BVLOS waiver for expanded drone operations over people and vehicles, showcasing safety and success. read more
Chinese Stocks Rebound In 2024 After 3-Year Slump: 3 ETFs To Watch
Chinese stocks rebounded in 2024 despite challenges, with CSI 300 up 14.7% and Hang Seng up 17.7%. ETFs like FLCH, MCHI, and FXI also saw gains. read more