The world's largest contract electronics maker and Apple, Inc.'s (NASDAQ: AAPL) iPhone assembler Foxconn would need government approval if it invests in embattled Chinese chip conglomerate Tsinghua Unigroup.
U.S. stocks traded mixed toward the end of trading, with the S&P 500 and Nasdaq Composite moving higher on Wednesday. The annual inflation rate in the US increased to 9.1% in June, the highest level since November 1981.
U.S. stocks pared some losses midway through trading, with the Nasdaq Composite turning higher on Wednesday. The annual inflation rate in the US increased to 9.1% in June, the highest level since November 1981.