Apple becomes first company worth $3 trillion
US tech giant Apple has become the first-ever company whose market capitalization has passed $3 trillion. Besides, it was one of Apple’s primary 2022 targets.
The firm revealed its plans for 2022 to the public at the end of last year. In 2022, Apple would strive to achieve a world record in market value and become the first-ever company to hit the milestone of $3 trillion, the official statement said. The tech behemoth honored its commitment in no time. Apple shares have been trading higher since the beginning of the new year and its market capitalization has been growing. At some point, its shares rose to $182.4 and market value passed the tempting milestone of $3 trillion.
Apple has reportedly given some engineers massive bonuses of stock grants in an effort to keep talented employees from defecting to rivals. The firm surprised a group of engineers in late December. Bonuses were reportedly ranging from $50,000 to as much as $180,000. Many of the engineers received amounts of $80,000 to $120,000 in shares, according to Bloomberg. Apple had a market capitalization of $2.97 trillion at the end of last year.
Bill Gates warns of global economic slowdown
Bill Gates is concerned that the worst may still be ahead. The Microsoft co-founder predicts a global economic slowdown and notes that the world’s economy has already started to weaken. He is sure that rate hikes implemented by central banks worldwide will accelerate the economic downturn, triggered by the Russia-Ukraine conflict and the fallout from the COVID-19 pandemic.
13:54 2022-05-20 UTC+00
World to face food crisis
In the foreseeable future, popular food products such as different kinds of oil and cereals may be in short supply, Business Insider noted.What is more, analysts at Business Insider believe that the world is now shifting to the era of food protectionism.
13:46 2022-05-20 UTC+00
US inflation may spiral out of control
Some analysts suppose that the US may face an inflationary spiral due to unresolved problems, the main of which is surging inflation.Most experts are sure that the Federal Reserve is not able to cope with the existing problems. Being unable to tamp down the skyrocketing inflation, the regulator has no way to boost confidence in the US economy.
12:43 2022-05-20 UTC+00
Swiss voters back Netflix tax and Frontex funding boost
Swiss citizens approved a tax on streaming services and an increase in funding for the European border agency Frontex in a referendum held on Sunday, May 15.The first proposal, commonly known as Lex Netflix in Switzerland, would see streaming services invest 4% of their revenue into Swiss film-making, in line with requirements already in place for national television broadcasters.
06:25 2022-05-20 UTC+00
Apple loses position as world’s most valuable company
Oil giant Saudi Aramco, Apple’s primary competitor, surpassed the iPhone maker and regained the top spot as the world’s most valuable company.Saudi Aramco is a state-owned company generating record profits compared to the largest commercial tech giants. According to Bloomberg, Saudi Aramco’s market capitalization totaled $2.43 trillion.
14:22 2022-05-19 UTC+00