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10 Monday AM Reads

Barry Ritholtz

Barron’s ) • Why It’s So Hard for China to Shake the ‘Uninvestable’ Tag : In 2021, Goldman Sachs said the word was starting to feature in a number of client conversations about the country’s stocks. This is a risk factor from China. There is a real possibility that China will soon be uninvestable to outsiders. (

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Bitcoin Daily: Turkey To Test Digital Currency In 2021; Japan Prepares To Issue CBDC; Bitcoin Crests $28,000

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Hiromi Yamaoka , a former senior official in charge of payment and settlement systems at the Bank of Japan, said China's recent move toward adopting digital yuan had inspired other countries to try their hands at it, the report says.

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The Impact Of The Coronavirus On US Shopping Malls

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The International Council of Shopping Centers (ICSC) says it believes action from the federal government is needed, and large retail brands began to put a price tag on the revenue losses they expect to face. 1B: Approximate amount of sales Adidas says it would lose by closing in China. . All this, Today in Data.

Numbers 52
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Wearables Like Apple Watch Outsell Entire Watch Industry

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Tag Heuer, for example, has released several smartwatch models, including one that costs $180,000. Time may be running out for Swatch, Tissot, TAG Heuer, and others,” Strategy Analytics said. North America falls into second place in the wearables market in terms of units shipped (behind China), but it is still the most valuable.

Sales 56
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iPhones To Enter Mass Production In India

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At the same time, China is stagnating as the tech company loses shares to rivals like Xiaomi Corp. Counterpoint Research Analyst Karn Chauhan said per the report, “For Foxconn, the China market for iPhones is saturated, and labor costs are three times higher compared with India.” and Huawei Technologies Co., Bloomberg reported.

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Apple Sales In China Could Suffer Due To Weaker Demand

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Apple consensus estimates may decrease due to the possibility of weaker demand from China, said Jim Suva, a director and senior analyst at Citi, according to reports. In April , Apple cut prices of its products by nearly 6 percent in China due to lesser demand. Shares in Apple dropped 0.3 percent pre-market to $200.90.

Sales 43
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Apple Pushes Toward Redesigned iPhone Release

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After making progress with redesigns, Apple will send its engineers to China to deal with production issues. “Apple has one shot at its first 5G launch and tepid success out of the gates due to a lukewarm consumer appetite would be a disaster scenario that further plays into the mindset of Cook & Co.