Dow falls over 600 points after strong economic data, bearish comments by David Tepper

Dow falls over 600 points after strong economic data, bearish comments by David Tepper

U.S. stocks were sharply lower in afternoon trade Thursday, more than erasing their gains from their biggest rally in three weeks after a round of upbeat economic data and a warning from hedge-fund titan David Tepper that he was “leaning short” against both stocks and bonds on expectations the Federal Reserve and other central banks…

U.S. plans new curbs on exports of chips, chip-making tools to China: report

U.S. plans new curbs on exports of chips, chip-making tools to China: report

The Biden administration plans to expand export restrictions for U.S. chip companies to China, according to a new report. Reuters reported Sunday night that the new curbs on artificial-intelligence semiconductors and chip-making tools will be based on restrictions issued earlier this year in letters to KLA Corp. KLAC, +2.16%, Lam Research Corp. LRCX, +2.65% and…