While the total price amount of shorted Apple stock is currently pegged at $18.44 billion, this valuation may increase over time depending on whether the shorted stocks are sold short or not.
The revelation of the split is not boding well for the fashion brand as its shares closed Thursday’s trading session with a fall of 3.64%.
According to Samsung, it is still weighing a decision on resuming operations in Russia amid reports it was committed.
With trust placed on the Federal Reserve Open Market Committee (FOMC), we can expect the more targeted interest rate hikes to help allay fears that inflation will be detrimental to growth.
Shell CEO Ben van Beurden will step down for renewables director Wael Sawan, after a nearly four-decade career, 9 of which he served as CEO.
The company also revealed that both its US and Hong Kong stocks will be fully fungible which means that stocks bought or sold in one market can be converted or sold in another.
UK inflation dropped for the first time in approximately a year, even as households continue to feel the brunt of high gas prices.
The drop in the European stock market is in tandem with those of the US stock market.
New US inflation levels have pushed BTC and ETH prices downwards below $21,000 and $1,600 respectively.
With interest rates set to be hiked following this growing inflation figure, the US market is waking up with a bearish reaction to the news.
Despite September being a bad month for the broader stock market, Apple appears to look strong with iPhone lovers contributing to the high pre-order data.
Declining inflation will compel the Fed to pause interest rate hikes, and induce a market rally, a Credit Suisse analyst predicts.
The new regulations will support the previous rules that were passed earlier this year.
The Consumer Price Index (CPI) report for the month of August is billed to be released on Tuesday.
JPMorgan sees huge growth potential in china’s total addressable market for the Metaverse. The baking giant notes companies which will have a competitive edge operating with different applications of Metaverse such as gaming and social networks.