About the latest market dominance overtime:
The major indices (^DJI,^GSPC, ^IXIC) closed lower on Thursday as investors await the September jobs report. Neil Dutta, head of economics at Renaissance Macro Research, thinks the jobs report will miss its target and the Federal Reserve may have to make two cuts of 50 basis points by the end of 2024.
Spruce Pine, North Carolina, is recovering after Hurricane Helene. It's a small town that most people have probably never heard of. But it is of great importance to the semiconductor industry because of its quartz deposits. Peter Hanbury, Bain & Company partner and leader of operations for the technology practice, sheds light on the chip supply chain and Spruce Pine's role.
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