Business is booming.

FirstFT: Apple becomes first $3tn company

124


Good morning. This article is an on-site version of our FirstFT newsletter. Sign up to our Asia, Europe/Africa or Americas edition to get it sent straight to your inbox every weekday morning

Apple has become the first company to hit a market capitalisation of $3tn, after its value rose by $1tn in less than 16 months as the coronavirus pandemic turbocharged Big Tech.

The iPhone maker became a $1tn company in August 2018 and two years later became the first company to be valued at $2tn. On Monday, shares in the company rose by 3 per cent to $182.86, taking it past the latest milestone, before easing back to trade at $182. Apple briefly lost its title as the world’s most valuable company to Microsoft at the end of October.

However, a strong rally in November restored its crown. It then surged higher into the end of 2021, and has added half a trillion dollars to its market value since November 15.

Only a handful of companies are worth more than $1tn, including Tesla and Amazon. Google parent Alphabet and oil group Saudi Aramco are valued at about $2tn, while Microsoft’s market value is roughly $2.5tn.

Thanks for reading FirstFT Asia. Tell us what you think of today’s newsletter at firstft@ft.com. — Emily

1. Hong Kong free press faces collapse Hong Kong’s free press is on the brink of extinction after the two largest remaining independent news websites in the Chinese territory announced they were shutting down in the space of a week. Citizen News said it would cease operations today, citing safety concerns for its reporters

2. Jurors deadlocked on three counts in Elizabeth Holmes trial Jurors said they were deadlocked on three of 11 counts in the trial of Theranos founder Elizabeth Holmes as deliberations continued for an eighth day in one of Silicon Valley’s most high-profile criminal fraud cases. Judge Edward Davila instructed the jurors to continue deliberating and try to reach a verdict, according to US news wire reports.

3. Bridgewater appoints co-CEOs Bridgewater Associates has appointed two co-chief executives to replace David McCormick, who is leaving the world’s largest hedge fund for an expected run for the US Senate. The firm said it was promoting Nir Bar Dea, previously deputy chief executive, to share the top job with Mark Bertolini, co-chair of Bridgewater’s operating board of directors.

4. Turkish inflation soars to highest level under Erdogan As President Recep Tayyip Erdogan’s contentious economic management continues to spark a surge in prices, the country’s consumer price index rose 36 per cent year on year in December, according to data released by Turkey’s statistical agency yesterday. The rise marked the highest level of consumer price rises since September 2002.

Line chart of Year on year % change in CPI showing Turkey's inflation rate reaches highest level of Erdogan era

5. Evergrande shares suspended Trading of Evergrande Group shares was suspended in Hong Kong yesterday, days after Chinese media reported that the indebted property developer would be forced to demolish a residential development in the southern province of Hainan.

Coronavirus digest

  • Who were the corporate winners and losers since the start of the pandemic? Find out here.

  • Surging Covid-19 infections and winter storms stalled America’s return to work yesterday, stranding airline passengers and leaving many offices, trading floors, schools and colleges empty after the Christmas and New Year break.

  • Boris Johnson has admitted the NHS is coming under major pressure because of the Omicron variant, but said England would stick with existing Covid-19 restrictions for now.

  • The UK will trail other developed countries in its economic recovery from the pandemic in 2022, according to economists polled for a Financial Times survey.

Bar chart of % of respondents showing Economists expect challenges for the UK economy in 2022

The day ahead

PMI figures December purchasing manager indexes by IHS Markit are set to be released for Japan, Thailand, Australia, Vietnam and China. Singapore Institute of Purchasing and Materials Management will also release its December report.

What else we’re reading

Putin’s attempt to control the past follows the Xi model The closing of Memorial feels like a turning point for the whole of Russia, writes Gideon Rachman. For all the brutality of the Putin regime, Russia, until recently, has allowed considerably more latitude for political dissent than China.

M&A boom accelerates junior burnout at elite law firms Associates at the world’s top law firms have long viewed exhausting hours as part of a Faustian pact in which evenings, weekends and sleep are exchanged for eye-popping salaries. But junior lawyers have reached a breaking point as workloads soar and pandemic-induced anxiety and isolation rise.

Ten economic trends that could define 2022 For a second year, the pandemic has reshaped the world, accelerating trends from population decline to digital revolution. Ruchir Sharma examines how these currents could define this year, from a slowing China to “greenflation” in commodity prices.

Using artificial intelligence to predict medical conditions Last month, a physician and machine learning scientist at the University of California, Berkeley, unveiled a treasure trove of unique medical data sets, each curated around a medical mystery. The data sets could help to train computer algorithms to predict medical conditions earlier, triage better and save lives.

We should expect wobbling in global inflation dynamics What if the only constant in the next few years is volatility? What if inflation dynamics that seem entrenched begin to oscillate? Rana Foroohar argues this will be the case because of the following reasons.

Books

Some 10,000 business books are published annually in the US, the world’s biggest market. Almost all are unputdownable, of course, but inevitably just a few clunkers slip through publishers’ rigorous filters. Don’t miss Andrew Hill’s (entirely imaginary) examples of titles to avoid in 2022.

An earth moving vehicle manages waste
Waste paper: inevitably a few clunkers slip through publishers’ rigorous filters © Svyatoslav Lypynskyy | Dreamstime.com

Thank you for reading and remember you can add FirstFT to myFT. You can also elect to receive a FirstFT push notification every morning on the app. Send your recommendations and feedback to firstft@ft.com

Swamp Notes — Expert insight on the intersection of money and power in US politics. Sign up here

The Week Ahead — Start every week with a preview of what’s on the agenda. Sign up here



Source link

124 Comments
  1. Lhhxng says

    order levofloxacin generic order levaquin online cheap

  2. Ckeuus says

    order dutasteride generic tamsulosin 0.4mg price ondansetron cheap

  3. Uhgznm says

    buy aldactone sale buy spironolactone online cheap fluconazole order online

  4. Eoobpk says

    cost ampicillin cephalexin 500mg price erythromycin 500mg us

  5. Smcnfw says

    sildenafil order buy nolvadex 10mg for sale robaxin 500mg oral

  6. Xpwiar says

    sildenafil 50mg pill sildenafil 50mg tablet buy estrace online cheap

  7. Pmkkpz says

    buy lamictal sale prazosin 2mg ca order retin gel

  8. Yhiifl says

    tadalis 20mg tablet tadalis 10mg pills order voltaren sale

  9. Kjyprb says

    order accutane 20mg generic accutane 20mg for sale zithromax 250mg ca

  10. Xxeqot says

    buy indocin indomethacin 75mg ca buy amoxicillin 250mg online

  11. Tqjpvm says

    tadalafil 10mg pill low price cialis sildenafil 100mg brand

  12. Tceegn says

    generic anastrozole 1 mg biaxin 500mg cost order viagra 50mg sale

  13. Cxsfnu says

    buy prednisone 20mg sale free cialis sildenafil 200 mg

  14. Asnvxc says

    cialis 10mg kaufen für männer sildenafil 50mg generika rezeptfrei kaufen viagra 50mg ohne rezept

  15. Algavc says

    cheap provigil 200mg modafinil 100mg brand buy diamox 250mg generic

  16. Wrgpvr says

    doxycycline 100mg cheap order clomiphene 100mg sale lasix online order

  17. Ctcugl says

    buy altace 10mg online cheap buy astelin 10ml order azelastine 10 ml sprayer

  18. Edffyn says

    buy clonidine 0.1 mg online antivert canada buy tiotropium bromide 9 mcg generic

  19. Pktwvs says

    generic buspirone 10mg dilantin 100mg canada oxybutynin 5mg cost

  20. Clwzsk says

    order olmesartan 20mg without prescription olmesartan online buy purchase diamox pill

  21. Dgczvn says

    tacrolimus 5mg cheap urso over the counter order ursodiol 150mg pill

  22. Etfjnu says

    imdur for sale buy telmisartan 80mg generic buy telmisartan without prescription

  23. Pouuqm says

    zyban 150mg tablet seroquel 100mg without prescription order seroquel 50mg generic

  24. Qtsksh says

    sertraline sale order sertraline 100mg without prescription cost of viagra 100mg

  25. Vurelf says

    salbutamol tablet order salbutamol 100mcg pill sildenafil 100mg tablets

  26. Pakbpv says

    brand tadalafil 10mg cheap tadalafil 20mg sildenafil online order

  27. Teuxvl says

    order generic cialis 10mg cialis 20mg pill symmetrel usa

  28. Efgmzt says

    revia 50mg generic purchase albenza online cheap order aripiprazole 30mg pills

  29. Glqvyz says

    avlosulfon 100 mg cheap brand aceon order aceon 4mg

  30. Ckebvu says

    provera 10mg for sale hydrochlorothiazide buy online cyproheptadine 4mg for sale

  31. Pzeuef says

    buy modafinil generic online pharmacy drugstore ivermectin 3 mg without prescription

  32. Kkrogr says

    fluvoxamine 50mg for sale ketoconazole 200 mg brand glucotrol 10mg over the counter

  33. Eejcmo says

    brand isotretinoin prednisone 40mg drug order generic prednisone 5mg

  34. Jdnyuz says

    nootropil 800 mg pill piracetam 800 mg over the counter generic sildenafil 100mg

  35. Rvvhyl says

    generic zithromax 250mg order prednisolone generic gabapentin cheap

  36. Xnunyt says

    rx pharmacy online cialis order generic cialis order sildenafil 50mg pills

  37. Ebocvi says

    furosemide for sale online buy doxycycline 100mg for sale plaquenil 400mg usa

  38. Hxiwst says

    order generic tadalafil 10mg how to get cialis buy anafranil 25mg pill

  39. Rjqfvv says

    order generic chloroquine olumiant order order olumiant 2mg

  40. Iogrbr says

    sporanox 100 mg pill buy prometrium sale buy tindamax 500mg

  41. Sbfukv says

    order generic glucophage 500mg glucophage 500mg ca cialis 5mg oral

  42. Dvltlh says

    order zyprexa 10mg for sale olanzapine usa order diovan 160mg online cheap

  43. Xkwdyk says

    norvasc us buy sildenafil 50mg online cheap cost tadalafil

  44. Zmfhfh says

    clozapine 100mg canada buy ipratropium without prescription order dexamethasone 0,5 mg for sale

  45. Ogqfvo says

    sildenafil next day sildenafil 100mg england buy lisinopril 2.5mg sale

  46. Awzkqu says

    prilosec 10mg without prescription prilosec generic online slot machines

  47. Wrjjgd says

    buy linezolid 600mg online cheap order linezolid 600mg for sale best online poker sites for real money

  48. Gnzazf says

    academic writing services uk cash poker online play poker online free casino world

  49. Omuhsv says

    vardenafil 10mg cost methylprednisolone 4mg without a doctor prescription medrol 8 mg online

  50. Vsfjdb says

    college essay for sale how to write my thesis viagra pills 100mg

  51. Wehrfd says

    clomid 100mg pill gambling casino no deposit free spins

  52. Qemkbu says

    cialis pills purchase cialis generic brand sildenafil 100mg

  53. Ygmqzg says

    aristocort sale loratadine online desloratadine without prescription

  54. Brumiv says

    order dapoxetine 30mg pills buy dapoxetine 60mg pill buy levothyroxine generic

  55. Ckjfgr says

    generic cialis 40mg overnight cialis delivery viagra 50mg cost

  56. Uhxlhz says

    buy xenical generic orlistat 60mg over the counter zovirax 400mg usa

  57. Jdgtaa says

    cialis 20mg price buy plavix 75mg without prescription buy generic plavix 75mg

  58. Zckkbl says

    goodrx cialis clopidogrel 75mg us plavix 75mg sale

  59. Kpimwb says

    motilium online order buy tetracycline 500mg online flexeril 15mg pills

  60. Cxautd says

    losartan 50mg for sale esomeprazole 20mg generic topamax 200mg drug

  61. Dcvayy says

    baclofen 10mg ca order toradol online cheap buy toradol without prescription

  62. Fbwvdo says

    buy imitrex 50mg online cheap sumatriptan online buy generic avodart 0.5mg

  63. Rraeuc says

    order colchicine 0.5mg generic real casino slot machine games internet roulette

  64. Rsterz says

    zantac brand order celebrex 100mg pills purchase celebrex generic

  65. Mjjkwm says

    free slot games online bonus poker online poker online real money

  66. Zjmmqq says

    order tadalafil 10mg online cheap cipro 1000mg tablet buy generic ciprofloxacin

  67. Jqyoty says

    simvastatin 10mg cheap simvastatin uk finasteride 5mg canada

  68. Syegln says

    buy metronidazole 400mg for sale buy bactrim 480mg generic trimethoprim us

  69. Jolcpl says

    order generic fluconazole order diflucan sale cheap sildenafil tablets

  70. Kjwdmf says

    keflex 500mg price keflex 500mg without prescription purchase erythromycin pill

  71. Yjyshk says

    overnight cialis delivery sildenafil online buy order sildenafil sale

  72. Umtdfs says

    viagra sildenafil 50mg sildenafil drug us pharmacy cialis

  73. Qpzgva says

    best online blackjack real money slot machines order cialis for sale

  74. Kqctac says

    desyrel 50mg pills trazodone over the counter aurogra 50mg for sale

  75. Jtinsj says

    college essay writing help buy custom research papers price of ivermectin tablets

  76. Keknai says

    sildalis pills sildenafil pills 50mg generic lamotrigine

  77. Vfnkvn says

    prednisone 5mg canada deltasone pills amoxil 500mg cost

  78. Fwtoux says

    buy viagra 50mg without prescription brand cialis 10mg cialis 5mg uk

  79. Fdmtlr says

    online casino real money paypal natural pills for erectile dysfunction purchase cialis

  80. Lubgoc says

    azithromycin medication buy gabapentin tablets buy neurontin tablets

  81. Hlmejv says

    play blackjack cheap stromectol 3mg order modafinil 200mg pill

  82. Tmkfbh says

    buy furosemide 100mg sale buy furosemide generic generic hydroxychloroquine 200mg

  83. Voebqw says

    order sildenafil 50mg online rhinocort price rhinocort price

  84. Akpyhb says

    order prednisone minipress for sale vermox buy online

  85. Bqcvot says

    tretinoin cream tablet avana 100mg uk brand avanafil

  86. Ewxonp says

    tadacip 20mg tablet brand tadalafil 10mg buy indocin online cheap

  87. Yukeoz says

    terbinafine over the counter trimox 250mg us amoxicillin brand

  88. Tstywm says

    buy naproxen for sale buy generic cefdinir 300 mg buy lansoprazole without prescription

  89. Tpjkxn says

    buy biaxin 250mg without prescription antivert order antivert uk

  90. Yklhcd says

    buy generic spiriva 9mcg hytrin 1mg pill hytrin pills

  91. Pcxtrz says

    montelukast 5mg sale order generic sildenafil 50mg buy viagra sale

  92. Ecfbxq says

    buy pioglitazone 15mg sale actos 30mg us viagra 200 mg

  93. Atjhcw says

    tadalafil india gnc ed pills cialis professional

  94. Tvenlt says

    tadalafil 20mg uk Canadian healthcare cialis us blackjack online

  95. Moldoy says

    stromectol order dapsone 100 mg generic order dapsone 100mg for sale

  96. Eltglz says

    free blackjack online roulette wheel online roulette free

  97. Bdnhme says

    order nifedipine 30mg online cheap adalat order online cheap allegra

  98. Ayjemm says

    free slot games for fun casino games online real money casino money

  99. Llvxqy says

    real money blackjack blackjack online real money pay for paper writing

  100. Xdgrcr says

    ramipril online buy arcoxia 120mg ca order arcoxia 120mg online cheap

  101. Tmakhq says

    generic doxycycline 200mg doxycycline sale cheap cleocin 300mg

  102. 슬롯실시간 says

    hey i made hack for 슬롯실시간 casino infinite money and you can withdraw in real money!!!! here’s my tutorial ,

  103. Cywxco says

    my best friend essay writing buy leflunomide 10mg online cheap buy azulfidine 500mg for sale

  104. Olqfxw says

    purchase asacol online cheap irbesartan 150mg usa avapro price

  105. Jvfuaq says

    brand olmesartan divalproex 500mg us buy generic depakote

  106. Mmnrul says

    clobetasol canada purchase temovate generic amiodarone 100mg uk

  107. Tjsbcj says

    buy acetazolamide 250 mg azathioprine ca azathioprine cheap

  108. Htinbi says

    digoxin 250mg sale digoxin cost molnunat 200mg uk

  109. Pfybho says

    buy generic carvedilol 6.25mg elavil 50mg tablet amitriptyline pills

  110. Jwukbc says

    cheap fosamax ibuprofen over the counter buy motrin 400mg pills

  111. Pzokie says

    nortriptyline order online buy paxil 10mg online buy paxil online

  112. Rrjjqb says

    buy famotidine 40mg without prescription oral mirtazapine remeron ca

  113. Mwmwab says

    ropinirole 1mg generic buy calcitriol 0.25mg pills trandate 100mg oral

  114. Epyhyu says

    cheap tricor order tricor 160mg generic generic viagra 100mg

  115. Ucqfxf says

    buy tadalafil 5mg online tadalafil next day order sildenafil 100mg online cheap

  116. Qligit says

    us cialis sales viagra delivered male ed pills

  117. Pykizt says

    buy modafinil 200mg generic purchase promethazine generic buy promethazine 25mg

  118. Pkdaxa says

    prednisone buy online buy amoxicillin 500mg generic buy generic amoxicillin

  119. Qdasyk says

    sildenafil online order pregabalin without prescription purchase propecia for sale

  120. Cljrsr says

    purchase zofran sale amoxil 500mg pills bactrim 960mg generic

  121. 밤의부산 says

    Fantastic goods from you, man. I have understand
    “밤의부산”
    your stuff previous to and you’re just too fantastic.

  122. Uapoxg says

    order ventolin 2mg sale augmentin pills purchase augmentin

  123. 온라인카지노 says

    I couldnít refrain from commenting. Very well written!
    온라인카지노

  124. Kwicnr says

    modafinil price metoprolol price lopressor 100mg tablet

Leave A Reply

Your email address will not be published.