The competition of local manufactorers along with the fact people are taking longer to replace their smartphones, Apple reduced their revenue expectations in China despite still being one of the most succesful companies in the country.
Twitter confirmed on Thursday that it has recorded a bigger than expected decline in the number of active monthly users during the third quarter of 2018. Despite this, Twitter’s ad revenue was up by 29% surpassing Wall Street’s expectations for the period under review.
The escalating trade war between the US and China as well as tightening monetary policies have been cited as two of the biggest risks to long-term growth according to economists.
Sears, one of America’s most renowned retailers, has filed for Chapter 11 bankruptcy. It seems the staggering losses suffered in recent years and the crashing debt have finally taken their toll.
President Trump has hit back at veteran writer Bob Woodward criticizing his highly anticipated book called “Fear.” Trump sent a tweet on Monday morning blasting Woodward and called the book a “joke.”