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China Semiconductor Threat Sparked a $100 Billion Chip Rout

(Bloomberg) — Stocks sellers didn’t show much discretion Thursday as the major indexes tumbled. But the outsize chipmaker rout may have had its origin in a move by China.The Philadelphia Semiconductor Index fell 5.7% Thursday, its worst session since mid-June, following news that China is planning a sweeping set of new government policies to develop its domestic semiconductor industry and counter recent Trump administration restrictions. The decline shaved off about $100 billion in value for the gauge.Major chipmakers posted one of their worst days in months. Shares of Nvidia Corp. tumbled 9.3%, the most since March 16. Broadcom Inc. fell …read more […]

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Top 6 High Dividend ETFs for 2020

Exchange-traded funds (ETFs) have proven benefits for investors. And if you’re looking for big dividends, you’re in the right place. I’ve sorted through hundreds of funds and found the top high dividend ETFs for 2020.
Each fund below holds a basket of dividend stocks from different industries. This diversification helps them keep a steady stream of income flowing. And the funds also come from well-established providers. They’ve led the way with fund innovation and have brought down investing costs and fees.
Also, below this list of ETFs, you’ll find some additional resources. For example, here’s our free investment calculator. It shows you …read more […]

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DocuSign Projects Sales That Top Estimates on Remote-Work Demand

(Bloomberg) — DocuSign Inc. projected revenue that topped analysts’ estimates, in a sign of robust demand for the application that lets businesses sign documents remotely during the coronavirus pandemic.Sales in the period that ends in October will be as much as $362 million, the San Francisco-based company said Thursday in a statement. Analysts, on average, projected $336 million, according to data compiled by Bloomberg. The company raised its annual revenue to as much as $1.39 billion from an earlier expectation of $1.32 billion. Analysts were looking for $1.32 billion.DocuSign Chief Executive Officer Dan Springer has tried to integrate the e-signature …read more […]

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Amarin (AMRN) Bears the Brunt of a Price Target Cut

The appeal hearing for Amarin’s (AMRN) high triglyceride treatment Vascepa kicked off on Wednesday and ended on a negative note. The appeals court affirmed the district court’s ruling invalidating Vascepa’s patents in the US. Accordingly, shares took a merciless 37% plunge over the past two trading days.As a reminder, in March, Amarin lost a patent court case against generic drug makers, Hikma Pharmaceuticals and Dr. Reddy’s, which are seeking to sell their own versions of Vascepa.At the hearing’s conclusion, Stifel analyst Derek Archila bluntly stated, “We would not be buying shares here.”The analyst further said, “Given Vascepa’s complexity, we think …read more […]

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Portfolio Wealth Advisors CIO on market selloff: ‘Everyone just woke up and realized there’s a lot of people, and a really small door’

Market’s got hit hard on Thursday as Apple led a tech selloff as investors cashed in on the months-long market rally. Portfolio Wealth Advisors President & CIO Lee Munson joins The Final Round panel to discuss what investors should look at.
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Coronavirus Latest: Thursday, September 3

On Thursday, Novavax published positive trial data, saying that its coronavirus vaccine candidate was ‘safe’ and ‘elected an immune response. This come as Sanofi and GlaxoSmithKline announced that they would start phase 1/2 of their adjuvanted vaccine. Yahoo Finance’s Anjalee Khemlani breaks down the latest news about the coronavirus on The Final Round. …read more […]

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Strategist on Thursday sell-off: I don’t think this is the beginning of a big downturn

Kim Catechis, Martin Currie’s Head of Investment Strategy, joins Yahoo Finance’s Kristin Myers to discuss Thursday’s market sell-off, as another 881,000 Americans file for new unemployment claims, and U.S. coronavirus cases continue to climb. …read more […]