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Viomi Technology Non-GAAP EPADS – $0.16, revenue of $96.4 million

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The report says that Apple is looking to move production outside of China

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It has accelerated plans to move part of its production outside of China, home to the world’s largest iPhone factory, according to A The Wall Street Journal Report citing anonymous sources.

The world’s most valuable company is asking suppliers to plan more actively for assembly

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(ticker: AAPL) products elsewhere in Asia, particularly India and Vietnam, in an effort to reduce their dependence on Taiwanese-led complexes. Foxconn (2354: Taiwan), the journal reported.

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It produces 70% of the global iPhone shipments It is one of the largest electronics contractors in the world. Apple did not respond Barron Comment requests.

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The materials sector concludes a strong November on a positive note

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The material was high +2.59% for five days and led the S&P 500 for the month of November, with a gain +11.50% within a month. SPDR material selection strip (XLB) what’s new +2.43% for the week and gained nearly +15% in November.

February Comics Gold (XAUUSD: CUR) Pay Exceeding the $1,800/oz mark During the week for the first time since mid-August, US inflation data was more moderate than expected and the dollar weakened on hopes of an interest rate hike from the Federal Reserve. The precious metal rose +8.9% In November, starting the month at about $1,650/oz.

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three-month copper standard (HG1:COM) also A good five day trading periodto rise +6.5% And it reached about $8,200/metric ton on the London Metal Exchange, the highest level since November 17.

Copper touched a five-month high of $8,600/ton earlier in the month, but has since pared gains largely on concerns that an increase in COVID cases in China could curb demand for the metal.

Iron ore prices rose Tuesday and have had The strongest monthly gain Not at all, with China’s Dalian index hitting its highest level since mid-June, aided by measures taken to support the country’s struggling real estate developers.

standard iron ore (SCO: COM) closed the trading week around +5% above. China’s real estate market and the policy of not spreading the new Corona virus will remain a headwind for the recovery of iron ore prices.

The main gainers this week rose among basic materials stocks (market capitalization $2 billion or more) on the back of metals and the strength of the industrial sector during the week:

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  • triple flags precious metals (TFPM) + 15.91%
  • lithium sigma (SGML) + 13.57%
  • Tech Resources (TECK) + 12.77%
  • dead warrior coalHCC) + 11.63%
  • American Silver (PAAS) + 11.37%

Here are the biggest losers among basic materials stocks (market capitalization $2 billion or more):

  • mosaic (moose) -3.99%
  • methanics (MEOH) -3.77%
  • CF Industries (CF) -3.73%
  • susanoo (suze) -3.45%
  • Harmony for gold miningHMY) -3.16%

Other ETFs to Watch: iShares Global Timber & Forestry ETF (Wood), Select Materials Sector SPDR ETF, Vanguard Materials ETF (violence against Woman), iShares Global Materials ETF (MXI) and SPDR S&P Metals and Mining ETF (XME), VanEck Vectors Gold Miners ETF (GDX), iShares MSCI Global Gold Miners ETF (bell) and Global X Copper Miners ETF (COPX).

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Cyril Ramaphosa is ready to start the fight in a bid to hold on to the presidency

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Cyril Ramaphosa is preparing to challenge a debtor’s report to South Africa’s parliament accusing the president of abuse of office, in the clearest sign yet that he aims to fight a scandal that has brought him to the brink of resignation.

“Our legal team is working on the review papers so they can be submitted as quickly as possible,” the president’s spokesperson told the Financial Times on Saturday.

Ramaphosa is under pressure to step down after a panel headed by a former chief justice told lawmakers this week he may have been guilty of serious wrongdoing in a case 2020 Theft At least $580,000 stashed inside a couch on his Phala Phala game farm.

The team’s findings hit hard RamaphosaReputation as a reformer who came to power in 2018 on a pledge to restore clean government after years of plundering the country under his predecessor, Jacob Zuma.

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senior members African National Congress It is scheduled to meet on Sunday to discuss the report and Ramaphosa’s political future – just weeks before the party holds a leadership vote. Ramaphosa was widely tipped to win another five-year term.

The parliamentary report says it appears that more unbanked money was stored in Ramaphosa’s Vala-Fala game reserve than the $580,000 that was stolen, and that he may have failed to report the theft through proper police channels.

Ramaphosa’s supporters have been urging him not to resign and open a court challenge over what they see as serious flaws in the report. They complain that it overstepped its jurisdiction and relied on limited evidence.

South African lawmakers are due to vote on Tuesday on whether to accept the report and begin a full impeachment procedure. Legal experts said a court challenge to the report by the president would freeze or complicate the process.

Ramaphosa has always denied any wrongdoing in connection with the theft of the Fala Fala, saying that he reported the crime to the Presidential Protection Unit as soon as he became aware of it, and that the money was legitimate proceeds from the sale of the buffaloes to a Sudanese businessman.

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The committee said these explanations were insufficient and there was significant doubt as to the legality of the source of the funds, leaving the president with a case to answer.

A court battle over the Falla Falla report could overshadow Ramaphosa’s presidency even if he is reappointed to the leadership of the ANC. Africa’s most industrialized economy is suffering from blackouts and stagnant growth.

Arthur Fraser, former head of South Africa’s spy agency under Zuma and commissioner of prisons under Ramaphosa, exposed the theft earlier this year, accusing the president of covering it up.

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