Objectivity and Responsibility in Financial News Reporting
Ah, the power of the Press… Draw your own conclusions about objectivity and responsibility.
Foxconn’s factories in China assemble many Apple’s products, and Apple accounts to more than 50% of Foxconn’s revenues. On Feb 20, Financial Times{: target=’_blank’} reported that Foxconn had implemented a hiring freeze at its factories in China. Financial Times attributed the freeze to a slowdown in Apple’s iPhone 5 production. After the news release by FT, Apple’s stock price fell 2%. Read more...
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