Month: March 2024

Apple’s China Sales Drop 24%

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🚨 🚨 Apple Inc.’s iPhone sales in China declined by 24% over the first six weeks of this year, pushing it to fourth among smartphone vendors in the country, according to Counterpoint Research data
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Ferrari: 55% In 12 Months

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🏎️ 🏎️ Over the last 12 months, Ferrari’s U.S. shares are up over 55%, well outperforming the broader S&P 500
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American Orders 260 New Planes

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✈️ ✈️ American orders 260 new planes, including Boeing Max 10s, and plans bigger first class
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Sergey Brin: Google Messed Up

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🚨 🚨 Google co-founder Sergey Brin says in rare public appearance that company ‘definitely messed up’ Gemini image launch
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Ocean Temperatures Surge To Record

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🌊 🌊 Since early May of last year, the average global sea surface temperature — excluding waters around the poles — has been at record seasonal highs every day, in data that goes back to 1979. It hit a new record in February, surpassing August’s peak

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Bain Offers Buyouts To UK Staff

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🇬🇧 🇬🇧 Bain & Co. is offering buyouts to staffers in London, the latest sign that global consultancies are seeing a slowdown in demand for their services
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Trading Desks Trade Less Lend More

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🚨 🚨 Prime brokerage accounted for more than half banks’ equities revenues in 2023, a record share that underlines how providing financing and market access to hedge funds is simultaneously anchoring and redefining banks’ trading divisions.The top 30 banks made an unprecedented US$32bn in prime services and futures in 2023, according to Vali Analytics, up from US$26bn in 2020 when activities represented 43% of equity trading revenues. That fast-growing pie, fuelled by the breakneck expansion of multi-strategy hedge funds, is encouraging banks to compete ever more fiercely in a business that only three years ago triggered a death spiral at Credit Suisse
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Gourmet Insects

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🐜 🦂 New York-based chef Joseph Yoon promotes entomophagy with gourmet dishes such as scorpion rice balls and ant guacamole. “Edible insects can play a vital role in the global food system,” according to the authors of a paper last week in Scientific Reports, compiling a list of 2,205 insect species eaten across the world
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China: There Are Cracks Appearing

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🇨🇳 🇨🇳 The worry for many governments is that China is exporting its political system overseas, and trying to win hearts and minds along the way. This is already happening in Africa, including Tanzania and Niger, and in Taiwan, where the battle for influence is particularly significant, given Chinese President Xi Jinping has repeatedly announced his plans to unify the island with the mainland
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Madrid Is The New Miami

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🇪🇸 🇪🇸 Madrid is increasingly looking like the new Miami, to the detriment of residents. The Spanish capital has emerged as a prime destination for the global elite. “Rising property prices pushing locals further out of the city center is a focus for both politicians and analysts

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