“Secondly, the local regulations might drive development in different parts, so you will have this problem of compatibility," he said. For example, users may end up with multiple smartphones — one that works in China, and another that works outside the country.
The speculation about China’s payback first surfaced when Chinese President Xi Jinping visited rare earth mining and processing facilities in Jiangxi province during a domestic tour last week. A Chinese official warned Tuesday that products made from the materials should not be used against China’s development, which was seen as a veiled threat aimed at the U.S. and its technology industry.
Sen. Marco Rubio, R-FL, said in a series of tweets the U.S. does not have a “free market," noting: “We have tax code which engineers economy in favor of inflating prices of shares at the expense of future productivity & job creation."
But while politicians clamor for buybacks to be curtailed, the market would be trading below current levels if excess cash had been put to work in other ways. Ned Davis Research found the S&P 500 would be 10% lower if excess cash had gone towards dividends rather than buybacks. The broad index would be 2% lower if buybacks were substituted for corporate reinvestment and 5% lower if companies just sat on the excess cash.
Apple Inc. (AAPL)
Rare earths are mined in other parts of the world, but for a variety of reasons — including ample natural supply in China, production quotas imposed by the Chinese government over time, supply chain relationships and other factors — it’s wound up with a virtual monopoly on rare earth production.
Apple uses rare earths in various products components — but unlike some other materials, rare earth are used in such small amounts that recycled forms aren’t widely available, Apple has said. That means they ultimately need to be mined.
With any card, the goal is to be the first choice in a users’ wallet, but popular products like J.P. Morgan’s Sapphire Reserve have richer rewards. Many of the heaviest card users game the programs by using different cards for various categories of spend, and it’s unlikely they’ll be persuaded to use the Apple Card unless the rewards are improved.
Ultimately, the success of Apple Card for Goldman hinges on factors that nobody knows, like how many customers sign on, how much spending they do on it, and the rates at which they default. Credit-card partnerships sometimes sour, ending in acrimonious litigation.
The action comes nearly three months after Huawei filed a lawsuit against the US government, arguing that the federal ban, outlined in section 889 of the 2019 US National Defence Authorisation Act (NDAA), is unconstitutional as it singles out a person or a group for punishment without trial.
Huawei is filing the motion for a summary judgment in order to accelerate the process of halting “illegal action against the company”.
Huawei’s ‘fake demand’ distorted global semiconductor growth (May 24, 2019)