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Stock market nears record highs, recovery in sight

Stock market: S&P 500 gained 0.3 percent as traders weighed earnings against inflationary risks. Anthem Inc., as well as Verizon Communications Inc., rose following better-than-expected results. Novavax Inc. plunged after a further delay in vaccine production, while Netflix Inc. fell after disappointing outlooks. Tesla Inc. will report results after the close. S&P
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Stock market ends the quarter on a down note

Stock market ended the quarter on a tumultuous note, making September the worst month since March 2020. Stock prices retreated from record highs. Large, fast-growing companies had their worst month since the pandemic-triggered March 2020 drop. Treasury yields are at their highest level since June. After a choppy session, all three major U.S. indexes ended […]
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Market Watch Today: Jackson Hole, Powell Speech, China Regulations

The Jackson Hole symposium has been an anticipated event, mainly because of Jerome Powell’s speech. The likelihood that the Federal Reserve will start tapering their bond purchases is a hot topic. The Jackson Hole symposium is an annual which investors follow closely.  And Chinese regulators are not done with Internet companies.  The Federal Reserve has
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China semiconductor industry is booming

China semiconductor industry continues to grow, and new companies are emerging alongside Korean firms, which long dominated this and the mobile phone industry. China’s Xiaomi topped smartphone sales in the European market, which was once ruled by Samsung Electronics, and Chinese companies are expanding rapidly in areas like liquid crystal displays (LCDs), batteries,