Saudi Aramco Retakes Crown From Apple As World’s Most Valuable Company

Saudi Arabia’s oil giant Aramco reclaimed the spot of the world’s most valuable company after a relatively steady performance in Riyadh so far this month, while shares in Apple plunged amid a wider sell-off in tech stocks in New York. According to estimates from Bloomberg, Aramco – which became the world’s largest listed firm by market capitalization with its listing in December 2019 – has regained the top spot that Apple has held since July 2020 when U.S. equities and tech stocks in particular rallied on U.S. economic…