A unit of Samsung C&T is considering investing $673 million in building solar power plants in Texas, aiming to start commercial production in December 2023, documents reviewed by Reuters showed.
U.S. weekly jobless claims decline further Indexes down: Dow 0.94%, S&P 500 0.92%, Nasdaq 0.94% (Adds prices after 4 p.m. market close)
NEW YORK, April 22 (Reuters) - U.S. stocks dived on Thursday on reports President Joe Biden planned to almost double the capital gains tax, news analysts said provided an excuse to take profits in a directionless market ahead of big tech’s earnings next week.
The three main indexes on Wall Street also fell on reports that Biden planned to raise income taxes on the wealthy, a proposal some said would be hard to pass in Congress.
“If it had a chance of passing, we’d be down 2,000 points,” said Thomas Hayes, chairman and managing member at hedge fund Great Hill Capital LLC.
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TAIPEI (Reuters) -Taiwan’s key semiconductor industry has years of growth ahead of it with no worries about oversupply despite a massive capital investment programme and only a few competitors in the next decade or so, a senior government minister said on Friday.
Taiwan National Development Council Minister Kung Ming-hsin poses during an interview with Reuters in Taipei, Taiwan, April 23, 2021. REUTERS/Ben Blanchard
Kung Ming-hsin, the head of Taiwan’s economic planning agency, the National Development Council, told Reuters the business opportunities presented by the global transformation to a digital economy were “very, very enormous”.
Kung also sits on the board of Taiwan Semiconductor Manufacturing Co Ltd (TSMC) as a representative of the largest shareholder, the government’s National Development Fund, which holds around 6% of the stock of the world’s most valuable semiconductor company.
By Reuters Staff
(Corrects typographical error in headline)
April 22 (Reuters) - Apple Inc will expand its advertising business, the Financial Times reported on Thursday, citing two people familiar with its plans.
The iPhone maker is planning to add a second advertising slot, in the suggested apps section in its App Store search page, according to the report. (on.ft.com/3sG7Ikn) (Reporting by Sneha Bhowmik; Editing by Shounak Dasgupta)
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(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) S&P 500, Dow post fourth straight week of gains Morgan Stanley wraps up earnings from big banks Strong U.S. data boosts economic recovery hopes (Updates to market close)
April 16 (Reuters) - The three main Wall Street indexes ended Friday higher for the day and week, with the S&P 500 and the Dow breaking closing records, as investors took strong economic data and bank earnings as signs of momentum in the U.S. pandemic rebound.
Most of the 11 S&P sub-sectors rose on Friday. The energy index was an exception, weighed by lower oil prices.