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Why your next iPhone is at risk of being heavily delayed

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A major producer of Apple’s iPhone has become the latest manufacturer to pause business because of the lockdown in Shanghai

Technology company Pegatron is halting production at two major factories in China.

The financial hub is currently locked down as officials deal with the spread of coronavirus, which is in line with China’s COVID-zero strategy.

The city was locked down in late March after infections surged in the key manufacturing and financial hub.

Major Apple MacBook manufacturer Quanta, and iPad maker Compal Electronics, have also paused activities in Chinese cities.

China’s most populous city has been under lockdown for weeks, with many residents unable to access basic essentials including medical care and food.

Locals have taken to their apartments to vent their frustration.

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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