Author: Natalie Brooks

BusinessEconomy

HSBC Boosts Freeport-McMoRan Outlook Amid Surging Copper Market

Banking giant HSBC has upgraded Freeport-McMoRan shares from hold to buy, with a new $50 price target representing 20% upside potential. The move comes as copper prices have surged 23% year-to-date, outpacing the S&P 500’s gains, driven by supply constraints and growing demand from technology sectors.

Banking Giant Upgrades Mining Stock Outlook

Financial services firm HSBC has upgraded its rating for Freeport-McMoRan shares from hold to buy, according to recent reports. Analyst Jonathan Brandt reportedly increased his price target to $50 per share from $43, signaling approximately 20% potential gain ahead based on the analysis.

by Natalie Brooks
BusinessTechnology

Apple’s iPhone Air Sees Record Pre-Order Demand in Chinese Market Following eSIM Approval

Apple’s latest iPhone Air model has reportedly sold out across Chinese online platforms within hours of pre-orders opening. The surge in demand follows recent government approval of eSIM technology for smartphones in China, removing previous regulatory barriers for the device’s launch.

Record-Breaking Pre-Order Response

Apple’s iPhone Air has reportedly sold out across online stores in China within hours of pre-orders opening on Friday, according to reports from the South China Morning Post. Sources indicate that demand surged immediately after pre-orders became available, with multiple color and storage configurations listed as unavailable within the first two hours across both Apple’s official online store and their Tmall flagship store.

by Natalie Brooks