On March 8, 2024, Petrobras experienced a significant loss in market value, dropping R$55.3 billion ($11 billion) within a day. This downturn was triggered by the announcement that lower dividends would be issued for the fourth quarter of 2023. This decision led to a notable decrease in stock values, with PETR3 falling by 10.37% and […]
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Chinese Firms Gain Ground on Global Giants
In late 2023, global giants Apple and Tesla faced a market shift due to growing competition from Chinese companies. Apple’s iPhone saw a global market share drop to 20.8%, with a more pronounced decrease in China to 21.3%. This decline was driven by strong Chinese competition, as reported by Counterpoint. Despite delivering a record fourth […]
