Apple's smartphone sales declined by 19.1% in the first quarter of 2024, while rival Huawei's grew by 69.1%, signaling an increasing threat to the U.S. firm's dominance in the high-end segment of the world's largest smartphone market. Apple's China smartphone market share fell to 15.7% in the fist three months of the year from 19.7% in the first quarter of 2023, according to Counterpoint Research.
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US-based Jane Street Group's lawsuit against its two former employees is grabbing eyeballs as the courtroom drama over an Indian options strategy that allegedly made $1 billion for the Group is inviting attention all and sundry towards one of the world's fastest-growing derivatives markets. Jane Street is fighting a case against two former employees and Millennium Management.
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Shares of Verizon Communications (NYSE: VZ) started Monday, April 22, on a low note. Investors responded to its first-quarter earnings report by pushing the stock about 3% lower in response to lackluster results.As a well-established telecommunications provider, Verizon isn't growing very fast, but it is reliable. The company has raised its dividend payout for 17 consecutive years.
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