Apple supplier Foxconn’s failed India chip venture shows how tough it is for new players

[ad_1] This month, Foxconn pulled out of its joint venture with Vedanta. The two sides “mutually agreed to part ways,” Foxconn said in a statement at the time. Sopa Images | Lightrocket | Getty Images Foxconn is best known as the main assembler of Apple’s iPhones. But in last couple of years, the Taiwanese firm … Read more

Blinken to fly to Beijing for high-stakes diplomacy after spy balloon saga

[ad_1] U.S. Secretary of State Antony Blinken boards his plane for travel to Berlin at Joint Base Andrews, Maryland, June 22, 2021. Andrew Harnik | Pool | Reuters BEIJING — U.S. Secretary of State Antony Blinken is set to travel to Beijing this weekend in his first trip to China under the Biden administration. Delayed … Read more

Dow jumps more than 200 points, tech leads market bounce: Live updates

[ad_1] Trader on the floor of the NYSE, Oct. 28, 2022. Source: NYSE Stocks rose broadly Wednesday, as strong gains in tech helped the Nasdaq rebound after a losing session. Sentiment was also lifted by easing concerns around the state of the banking sector. The Dow Jones Industrial Average traded 203 points higher, or 0.6%. … Read more

Stock futures tick higher on Tuesday morning: Live updates

[ad_1] Traders on the floor of the NYSE, Oct. 21, 2022. Source: NYSE Stock futures inched higher early Tuesday after the S&P 500 posted its third positive session in a row and banking sector concerns continued to ease. Lyft shares gained after hours as the ridesharing company announced a new CEO and that its cofounders … Read more