Apple iPhone sales slip as Huawei gains ground globally
Gartner data show worldwide smartphone shipments fell 2.7 percent in Q1 to 373 million. Apple iPhone sales dropped to 44.6 million units and market share slipped to 11.9 percent while Huawei gained ground on rivals. Qualcomm seeks stay of antitrust ruling as appeal proceeds. TSA updates allow hemp products in carry on and checked bags.
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Huawei seeks Texas court ruling on security law
Huawei files for summary judgment in Plano Texas to challenge a U S military spending provision barring use of Huawei equipment arguing the law violates due process. The case sits amid US China trade tensions with rare earths debated as leverage and Huawei’s place in 5G and smartphones faces US restrictions.
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Xi Jinping
Jiangxi
China Daily
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Google
Asia
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Lenovo announces 500 layoffs affecting RTP employees
Lenovo plans about 500 job cuts across its global staff, with impact expected at its Morrisville RTP facilities. The company, based in China with U S operations, said the move targets sustainable growth and reduced the U S workforce to around 5,000 and global total to 57,000.
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U S stock rout deepens amid trade war fears and bond worries
U S stocks slide to a 12 week low as Treasuries gain and the yield curve widens its recession signal. The S P 500 ends near session lows while the Dow and Russell 2000 retreat to multimonth lows. Currency and commodity moves reflect risk off sentiment.
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Treasuries
S&p
Treasury
Alec Young
Global Markets Research
Ftse Russell
Beijing
China
Tom Stringfellow
Frost Investment Advisors
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