BBB Ep 31 - Biden's $50bn chip investment, but Mr Market frets over bad news from Taiwan; Palantir plummets; Musk sells another $7bn in Tesla; Gold pr..

Plenty to catch up on after SA's public holiday yesterday, but little of it is encouraging. US stock markets are fretting over downbeat reports from New York listed chip makers and corporate America's anger at Joe Biden's economic package announced yesterday. The share price of BizNews portfolio favourite Palantir lost 20% in two days despite the company beating analysts' revenue projections for the second quarter because its forecast for Q3 is well below what they had pencilled in. On a broader front, investors are worried by news from Taiwan that security officials want Apple's supplier Foxconn to sell its $800m stake in a Mainland China chip-maker. On the brighter side in this morning's BizNews Breakfast Briefing, the JSE was lifted on Monday by gold producing shares, especially long-time laggard Anglogold, which reacted positively to the rising bullion price and the Rand has picked up a lot of ground against its major crosses.SA’s new generation entrepreneurs: Meet township baking mogul Refiloe Rantekoa – with GG AlcockThe dynamo called Grace Harding – creating a collective to fight for restauranteurs against ‘divide and rule’ landlords Learn more about your ad choices. Visit megaphone.fm/adchoices