Oil Giant Aramco Regains Top Spot From Apple as Tech Rally Fades

SourceBloomberg
SectorFinancial Markets
CountrySaudi Arabia

Saudi Aramco is once again the world’s most valuable company after its market capitalization rose a shade above Apple Inc. amid a slump in U.S. technology shares.The state oil giant’s stock has gained 1.1% in Riyadh this month, despite Brent crude dropping 12% to below $40 a barrel as concerns about an acceleration in coronavirus infections mount. ...read more...