Month: March 2020

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Apple’s Supply Chain Woes Linger Even as China Recovers

March 20, 2020 admin Comments Off on Apple’s Supply Chain Woes Linger Even as China Recovers

(Bloomberg) — Apple Inc. kept its business rolling through the coronavirus pandemic this week by launching a new iPad Pro and two new Macs. But that doesn’t mean its supply chain is in the clear.Deliveries of the new products will begin arriving on doorsteps next week. However, production of those devices likely started in early January, before the worst effects of China’s virus lockdown in February, according to people familiar with Apple’s supply chain.With a fresh round of supplier factory closures enforced by Malaysia, and the virus disrupting operations in much of the rest of the world, the iPhone maker’s …read more […]

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Oil Holds Record Gain in Wild Week as Trump Wades Into Tussle

March 20, 2020 admin Comments Off on Oil Holds Record Gain in Wild Week as Trump Wades Into Tussle

(Bloomberg) — Oil kept climbing after its biggest ever single-day gain as U.S. President Donald Trump waded into the price war between Saudi Arabia and Russia that has rocked crude markets amid slumping demand.Futures in New York posted the biggest spike on record Thursday, rebounding from the lowest settlement since 2002. Oil has been whipsawed this week as investors weigh further stimulus measures to combat the impact of the coronavirus pandemic against collapsing demand and an impending supply flood from the world’s biggest crude producers.Trump said he was searching for “medium ground” to break the deadlock between the two oil …read more […]