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Posts published by “Marquis Center”

S&P 500 rallies 1%, on pace for first close above 6,800 ever on potential China trade truce: Live updates

S&P 500 rallies 1%, on pace for first close above 6,800 ever on potential China trade truce: Live updates  CNBCStock market today: Dow, S&P 500, Nasdaq climb as Trump stokes hopes a US-China trade deal is near  Yahoo FinanceWall St scales fresh highs as busy week for tech and trade kicks off  ReutersWall Street rallies toward more records

India’s steelmakers are the covid-ravaged economy’s rare bright spot

STEELMAKERS HAVE for decades embodied India’s failed plans for prosperity. Post-independence socialism produced many mills but little steel. A partial privatisation in the 1990s created capacity, but also large firms fed by feckless state-backed lending. Many were subsequently exposed as bankrupt. Even well-run private producers stumbled, as Tata Steel did with its disastrous acquisition in…