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 Apple's stock reached a four-month high because Foxconn, a crucial company in Apple's supply chain, raised its sales outlook. This suggests strong demand for iPhones, tablets, and computers during the holiday season. Foxconn, a major player in Apple's global supply chain, stated that its revenues for the current quarter would be even better than its earlier prediction of "significant" growth. They pointed to better-than-expected demand for smartphones, tablets, and other electronics in October and November. The second half of the year is traditionally a peak time for the tech industry, and Foxconn noted that the revenue performance in the first two months of the fourth quarter exceeded expectations. As a result, Apple's shares increased by 2.1%, reaching $193.36 each, indicating a 55% gain for 2023. The stock even touched a four-month high of $194.40. However, projections for demand in the U.S. market might face challenges due to a less optimistic view of Bla

Oil prices went up recently. Brent crude increased to $78.74 per barrel, and U.S. West Texas Intermediate crude rose to $73.73.  The Russian Deputy Prime Minister, Alexander Novak, mentioned that OPEC+, a group of oil-producing countries like the Organization of the Petroleum Exporting Countries (OPEC) and Russia, might take more steps to control "speculation and volatility" in the oil market if the current actions to cut production don't suffice. On Monday, oil prices dropped because some doubted the effectiveness of the existing OPEC+ cuts, as noted by analyst Tina Teng from CMC Markets. OPEC+ agreed to cut output by about 2.2 million barrels per day in the first quarter of 2024. However, 1.3 million barrels per day of these cuts were just extensions of voluntary restrictions that Saudi Arabia and Russia already had in place. FGE analysts mentioned that the additional cuts announced were less than the market expected, and in practice, OPEC+ might only deliver cuts close

 Oil prices went down on Monday because investors were doubtful about the recent decision made by OPEC+ to cut oil supply. There's also uncertainty about how much fuel the world will need.  However, the possibility of oil supply issues due to conflicts in the Middle East helped prevent even bigger losses. This drop on Monday follows a 2% decrease last week after OPEC and its allies, including Russia, announced cuts in oil supply. Vandana Hari, who analyzes the oil market, mentioned that oil is still facing pressure because of this OPEC+ decision. The cuts made by OPEC+ were voluntary, which means there are doubts about whether the oil-producing countries will actually follow through with them.  Investors are also not sure about how these cuts will be measured. Craig Erlam, an analyst, expressed that last week's agreement by OPEC+ was not convincing, especially with expectations of a slowdown in the economy next year. On a global scale, manufacturing activity wasn't doing we

This news can be bad news for Tesla. A new report from Consumer Reports says that electric vehicles (EVs) have 79% more issues than traditional cars with internal combustion engines.  This news is making car manufacturers and dealerships pay attention, especially since many consumers seem hesitant to switch to electric cars, despite incentives from both companies and the government. This news can be bad news for Tesla. The report highlights hybrid vehicles as the real winners. Unlike their fully electric or plug-in counterparts, hybrids have simpler technology, leading to fewer potential problems. According to the report, plug-in hybrids, which combine features of electric and traditional cars, tend to have more issues due to their complex nature. However, there are exceptions, such as the Toyota Rav4 Prime plug-in hybrid, which stands out as one of the most reliable models. The report comes shortly after around 4,000 car dealerships across the country wrote a letter to President Biden

 As people travel across the U.S. for work or fun, they've started to expect more advanced and enjoyable entertainment options during their flights. These experiences have become so usual that travellers just assume they'll be there as they look for ways to make their trips even better. According to American, they offer high-speed internet on more planes than any other U.S. airline. And now, they're planning to bring this service to even more flights. "In the next two years, we want to make sure even more travelers can have a reliable and connected experience during their flights by introducing high-speed Wi-Fi on our regional aircraft with two classes," the airline explained. "We're teaming up with Intelsat to extend this service to nearly 500 regional planes starting next year." "This new technology will let these smaller planes have the same speedy Wi-Fi as our mainline aircraft," they added. "By investing in this new tech, we'r

 Oil prices went down by more than 2 percent because investors don't believe the OPEC+ group's plan to reduce oil production will work. They're also worried that the world's factories are slowing down. Even though OPEC+ agreed to cut production by two million barrels per day, investors aren't sure it'll be enough to make oil prices go up. Weak demand for oil is already putting pressure on prices. For February delivery, the price of Brent crude futures dropped by $1.98 (2.45 percent) to $78.88 a barrel. U.S. West Texas Intermediate crude futures for February delivery also fell by $1.89 (2.49 percent) to close at $74.07 per barrel. During the week, both Brent and WTI crude prices fell, with Brent going down by about 2.1 percent and WTI slipping by more than 1.9 percent. OPEC+ producers agreed to take away about 2.2 million barrels per day (bpd) of oil from the world market in the first quarter of next year. But this didn't make prices go up as expected. Some t

On Friday, the United States implemented additional sanctions connected to the price cap on Russian oil. This move specifically targeted three entities and three oil tankers, representing an effort by Washington to eliminate loopholes in the mechanism designed to penalize Moscow for its involvement in the war in Ukraine. According to the U.S. Treasury Department, the entities in question were accused of utilizing Western maritime services, such as transportation, insurance, and financing, while transporting Russian crude oil that exceeded the established USD 60-per-barrel price cap. The Group of Seven, the European Union, and Australia had previously imposed this price cap on seaborne exports of Russian crude in December of the preceding year. The mechanism stipulates that Western companies are prohibited from providing services for oil sold above this cap. Specifically, the vessels NS Champion, Viktor Bakaev, and HS Atlantica were identified as carrying Russian Urals crude above the U