Foreign phone sales plunge 47% in China, spelling trouble for Apple newsthirst.

An Apple flagship store in Shanghai, China, October 15, 2024. Cfoto | Future Publishing | Getty Images Sales of foreign phone brands in China plunged in November, according to official data released Friday, underscoring further pressure on Apple, the biggest international handset vendor in the country. In November, foreign mobile phone shipments in China stood…

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Biden blocks U.S. Steel takeover by Japan’s Nippon Steel, citing national security newsthirst.

A water tower at the U.S. Steel Corp. Edgar Thomson Works steel mill in Braddock, Pennsylvania, on Sept. 4, 2024. Justin Merriman | Bloomberg | Getty Images President Joe Biden has officially blocked U.S. Steel‘s $14.9 billion acquisition by Japan’s Nippon Steel, citing national security concerns. U.S. Steel’s stock dropped by nearly 8% in premarket…

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Nominate a company for CNBC’s 2025 Disruptor 50 list newsthirst.

CNBC is now accepting applications for the 2025 Disruptor 50 list — our thirteenth annual look at the most innovative venture-backed companies using breakthrough technology to meet increasing economic and consumer challenges. The deadline for submissions is Friday, Feb. 10 at 11:59 pm EST. All independent, privately-owned companies founded after Jan. 1, 2010, are eligible,…

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