Funding & Business
When Meme Investing Goes Macro
Apple Inc. was hit with a pair of downgrades on Thursday, in the latest sign of caution toward the iPhone maker, a day after revealing the new lineup of iPhones. One analyst says the new products “left us uninspired.” Bloomberg’s Mark Gurman reports. (Source: Bloomberg)
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Anglo American Plc’s swoop for Teck Resources Ltd. swiftly found rival mining executives jumping on calls with bankers and advisers to find out more about the roughly $60 billion deal — realizing that two of mining’s best prizes had eluded them.
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President Javier Milei’s administration unexpectedly allowed the peso to weaken this week, while simultaneously moving to prevent the rush out of the currency from turning into a stampede that would reignite inflation.
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