China Producer Prices Fall Most Since 2023 as Deflation Lingers
Factory deflation persisted into a 33rd month, with the producer price index falling 3.6% from a year earlier, the National Bureau of Statistics said Wednesday. The decline was more than economists had expected and faster than May's 3.3% drop.
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Yahoo
38 minutes ago
- Yahoo
Apple's quiet shake-up could redefine its future
Apple's quiet shake-up could redefine its future originally appeared on TheStreet. 2025 has been mostly wild for Apple () stock investors. A bruising drop in spring, a powerful rebound afterward, and subtle shifts behind the scenes have dominated headlines from the Cupertino giant. 💵💰💰💵 On a more bullish note, iPhones are selling strongly while services are at record highs, with Vision Pro whispering about what's next. That said, one quiet shuffle could decide if Apple stays ahead of the game or stumbles when the next big curveball hits. Apple's supply chain has always been mission-critical to its business. Under Tim Cook, the company has mastered the art of just-in-time manufacturing, squeezing every dollar in protecting margins, while keeping holiday launches humming like clockwork. However, the cracks began to show when the world got messy. Back in the fourth quarter of 2021, chip shortages and China's Covid shutdowns led to Apple losing a massive $6 billion in lost iPhone and iPad sales. That haymaker led to Apple missing Wall Street targets, while rattling its brand equity in the process. It didn't stop there, though. By late 2022, the Covid chaos at Foxconn's key plant in Zhengzhou led to major shortages of iPhone 14 Pros during Black Friday, costing Apple another $1.5 wake-up calls forced Cook's team to recalibrate quickly. Since early 2025, Apple's supply chain reboot has gone into overdrive. The final iPhone assembly is effectively shifting into India and Vietnam, with the intention to source a quarter of all U.S.-sold iPhones outside China. That hedge is huge, and it's not just about pandemic-proofing, but also staying ahead of trade wars and fresh tariff threats. Washington wants more U.S. jobs, too, and Apple's looking to grow its manufacturing footprint harder than ever. Still, 2025 has been somewhat of a roller coaster for Apple stockholders. Apple stock kicked off 2025 near its highs at around $243.85 on January 2, before macro jitters and China slowdown led to it tanking at $169.21 by April 8. However, following a strong performance in May, Apple snapped back with $95.4 billion in revenue, record Services sales, and $29 billion handed back to its patient investors. More Tech Stock News: Cathie Wood shells out $13.9 million for one high-stakes biotech stock Nvidia-backed stock sends a quiet shockwave through the AI world Veteran Tesla analyst drops 4-word call Even with all the Vision Pro upgrades, AI-powered 'Apple Intelligence,' and AR wearables on the horizon, Apple's next chapter remains contingent on a supply chain that doesn't blink when the world does. Apple is doubling down on its critical supply chain edge with a recent move. Sabih Khan's promotion makes that clear. For nearly three decades, he's been the architect behind Apple's watertight supply chain that's weathered many a storm. Under Khan, Apple ramped up its manufacturing in the U.S., diversified suppliers beyond China, and cut costs while ensuring high quality. Now, he's moving into the COO seat at a time when Apple's next generation of devices depends on a supply chain that can handle new tech at Cook knows that playbook better than anyone. He has risen through Apple's operations ranks, transforming it into the world's most profitable logistics machine. Replacing Jeff Williams with Khan is an attempt to replicate that same operational discipline as Apple juggles new product bets in a more demanding global climate. And it's not just new chips or cheaper parts at stake. Apple's stock commands a hefty premium, but Wall Street trusts its margins. A single hiccup with missed holiday shipments or surprise costs could potentially wipe out billions in market cap. Hence, Khan's new role is more than a title change; it's a statement that Apple's next big edge will come from perfecting the process that moves the next big thing from the factory floor to your front quiet shake-up could redefine its future first appeared on TheStreet on Jul 9, 2025 This story was originally reported by TheStreet on Jul 9, 2025, where it first appeared.
Skift
an hour ago
- Skift
Thailand Tourism Revenue Holds as Visitor Mix Shifts
The Daily Lodging Report – Asia Pacific will be on a very rare vacation from July 14 to 18. Krungthai Compass Research Centre issued a report saying high-spending tourists are helping support Thailand's tourism revenue, compensating for the decline in Chinese visitation. They expect the number of Chinese tourists to recover to around 50% to 65% of pre-Covid levels. Mass tourist groups from countries such as Malaysia and India and high-spending tourists from Europe, Russia and Israel are helping sustain revenue from international visitors, estimated to be in the range from 1.74 to 1.95 trillion baht. The research firm is predicting the shift will impact operators within the tourism supply chain. While everyone is blaming the concerns for safety as the reason why the Chinese are staying away, this report suggested the increase in the number of free independent travelers from China since Covid has brought in a new type of traveler, one that feels Thailand's attractions may be less novel compared to competitor destinations such as Japan, Vietnam, South Korea, Singapore and Malaysia, which have developed new destinations. At the same time the firm pointed out that China's economic slowdown has reduced the purchasing power of Chinese consumers, so some are opting for domestic travel over international tourism due to the costs of traveling abroad. The number of visitor arrivals to Macau in 2025 has officially exceeded 20 million, coming 26 days earlier than last year. The Public Security Police Force said the 20 million figure was surpassed at 11 AM on July 8, representing an average of 106,000 arrivals since the start of the year. The 20 million arrival number for the year was met in 2024 on August 3. 71.6% of the visitors this year have been from mainland China, followed by 19.1% being from Hong Kong. Foreign visitors refuse to come despite all the attention and marketing thrown at them by Macau officials, accounting for only 6.9% of the total. The Macao Government Tourism Office's prediction for this year is for 38 million to 39 million visitors. The MGTO is considering revising that Guesstimate. Skift, parent company of this publication, issued a report on Wyndham, quoting their recently appointed Managing Director for Eurasia as saying the company is sprinting towards the 100-hotel mark in India. In April-June, after Rahool Macarius rejoined the company as Managing Director, Wyndham signed eight hotels, with six signed in June alone. They could break the 100 hotel market late this year or early in 2026. Wyndham now has nine brands in India, adding Microtel and Wyndham Garden last year. The first Wyndham Grand Hotel in India is launching in September in Udaipur. The next two brands that could be brought to India are Vienna House and Super 8. The Eastin Hotel Kuala Lumpur in Petaling Jaya has changed hands for about RM200 million and will reopen as a Marriott-branded hotel, according to an article in the Edge Malaysia Weekly. The CP Group, founded by Datuk Tan Chew Piau, disposed of the 388-room Eastin KL to a private vehicle linked to former investment banker Datuk Lim Kheng Yew, founder of KYM Holdings Bhd. The hotel is nearly 30 years old, hence the low price for the hotel most likely means there is a lot of Capex needed for the rebrand. Renovation works actually were said to have started on June 10th. Marriott would not confirm that the property will have their brand on it, saying at this time they have no confirmed announcements to share. Marriott currently has 56 properties across Malaysia, offering 20 of the 30 Marriott Bonvoy brands, and they have several Marriott-branded hotels set to open in the coming years. Sheraton Johor Bahru, Marriott Executive Apartments Kuala Lumpur, and Sheraton Kota Kinabalu are scheduled to open in 4Q25. The Westin Panang and Courtyard by Marriott Subang are set to open in the coming years. The 186-room Courtyard by Marriott Darwin in Australia welcomed its first guests following an extensive renovation. The property is owned by Darwin company DCOH and is managed by Trilogy Hotels, led by Shane Dignan. The first phase of renovations included a revamped lobby and fitness center. Renovations at the property's 100-seat restaurant are expected to be completed in 2026, and then a refurbishment of the guest rooms and swimming pool is set for 2027. The hotel is located 300 meters from Darwin Entertainment Center and is a conversion of the Smith Hotel Darwin. This is Marriott's first hotel in the Northern Territory. Marriott will soon bring the AC Hotel brand to Queensland with the conversion of the existing Vibe Gold Coast. The all-new Beach Villas with Pool at Four Seasons Resort Maldives at Kuda Huraa are being reviewed, described as a night-to-day improvement of the former Beach Bungalow incarnations. The Beach Villas are 70 square meters for the interior, while exteriors extend to 285 square meters. Quang Ninh, a coastal province in northern Vietnam, is seeking investors for a large-scale tourism and casino complex valued at US$2 billion in the Van Don Economic Zone. The project is expected to complete construction within nine months. Sarovar Portico Gwalior, a 100-key hotel scheduled to open in 2029, was announced by Sarovar Hotels following a signing with owner Prime Land Estates. The new property is scheduled to open in 2026 and marks another key milestone in Sarovar Hotels' Central India expansion strategy. Sarovar Hotels continues its growth with multiple signings across India this year. The signing of Sarovar Portico Gwalior enhances the brand's presence in Madhya Pradesh. Personnel Moves Stone Wood Hotels & Resorts announced the appointment of Shishir Kumar Jena as Chief Financial Officer. Shishir has over 32 years of experience in hospitality financing, holding senior positions previously with Acron, Radisson, and Fortune Inn Exotica. David Jorden, former Chief Marketing Officer at Manila's Newport World Resorts, was named as new Executive Vice President of Gaming at Hoiana Resort & Golf in Vietnam.
Bloomberg
an hour ago
- Bloomberg
Why Buldak Ramen Is an $8 Billion Brand
When it comes to instant noodles, there's no Korean discount. Only a Korean premium. Samyang Foods Co., the manufacturer of 'Buldak' ramen, has gained 93% this year. Trading at 26 times forward earnings, it boasts $8.1 billion market cap, as much as bigger rivals Japan's Nissin Foods Holdings Co. and Korea's Nongshim Co. combined.
