Oil Prices Slip Despite Prospect of Major Supply Cut

Oil prices fell slightly in early trading after two sessions of strong gains, ahead of an OPEC+ meeting on Wednesday when the oil group and its allies are expected to debate the biggest reduction in o...

Micron Plans to Build Largest U.S. Chip Plant Ever

Micron Technology plans to invest billions of dollars to build a huge new chip manufacturing plant. The company says the so-called megafab will be the largest semiconductor factory ever built in the U...

Opinion: Stock markets will drop another 40% as a severe stagflationary debt crisis hits an overleveraged global economy

NEW YORK (Project Syndicate)—For a year now, I have argued that the increase in inflation would be persistent, that its causes include not only bad policies but also negative supply shocks, and that c...

Tesla reports record deliveries, but numbers are still shy of analysts’ targets

Tesla Inc. reported record quarterly deliveries on Sunday. but the number still disappointed analysts. Tesla said it produced over 365,000 vehicles in the just-completed third quarter, and made more t...

Micron faces ‘unprecedented’ supply issues, and analysts are split on if the bottom has been hit

Micron Technology Inc. is dealing with an “unprecedented” oversupply problem, but whether it gets worse or better in the near-term is up for debate. However, analysts had different ideas about when th...

OPEC+ Will Consider Output Cut of More Than 1 Million Barrels

(Bloomberg) — Most Read from Bloomberg The OPEC+ group of oil producers will consider cutting output by more than 1 million barrels a day when it meets in Vienna on Wednesday, according to deleg...

Arrival Stock Soars. It’s Got Plans for Microfactories to Build EV Vans.

Shares in Arrival were rising in early trading after the company said it had produced a vehicle in one of its microfactories for the first time. The milestone is a welcome boost for the embattled elec...

Nike stock drops 10% as execs predict cheaper clothing for at least the rest of the year

Shares of Nike Inc. plunged as much as 10% after hours Thursday, after the athletic-gear giant’s executives said price-cutting efforts to flush off-season clothing from warehouses in North America wou...

Bitcoin’s Sustainable Energy Output Could Be In Decline, Says New Report ⋆ ZyCrypto

Advertisement &nbsp &nbsp Bitcoin mining becomes even less green as the use of non-renewable energy for mining increases by 13%. Michael Saylor and other Bitcoin enthusiasts i...

If chip production is recovering, why are automakers still making fewer cars?

Automakers trimmed 76,000 vehicles from global production plans in mid-September, according to analysts from AutoForecast Solutions. They’ll produce about 3.23 million fewer this year than planned, th...

Ford stock drops more than 5% as supply costs to jump by $1 billion, parts shortages to leave more cars unfinished

Ford Motor Co. shares dropped more than 5% in the extended session Monday after the company said inflation and parts shortages will leave it with more unfinished vehicles than it had expected, remindi...

August industrial output, retail sales

August was marked by extremely hot temperatures in parts of China, prompting temporary power rationing in some regions. Pictured here on Aug. 24, 2022, is the central city of Chongqing’s skyline...

Is Ravencoin The Latest Pump Output Of The Ethereum Merge?  

While writing this article, Ravencoin is trading at $0.05506.  Ravencoin was officially launched in 2018.   Ravencoin, in the last seven days, attained a hike of approximately 83% and became the top g...

OPEC+ Faces Output Dilemma as Darkening Economy Unsettles Market

(Bloomberg) — The OPEC+ coalition is heading into unfamiliar territory. Most Read from Bloomberg After spending two years gradually feeding idle oil production back into the post-pandemic world,...

Russia to Keep Nord Stream Pipeline Shut, Citing Mechanical Problems

Russia indefinitely suspended natural gas flows to Europe via a key pipeline hours after the Group of Seven agreed to an oil price cap for Russian crude—two opposing blows exchanged between Moscow and...

Cardano Foundation and Input Output announce date for vasil upgrade

Cardano’s vasil upgrade will take place on Sept. 22, according to a statement from  Input Output (IOHK) on Twitter. The vasil upgrade is designed to increase scalability on the Cardano blockchai...

Input Output Hong Kong Confirms Official Date of Cardano’s Vasil Hard Fork Upgrade

The development team behind Cardano (ADA) is confirming the date of the smart contract platform’s much-anticipated Vasil hard fork upgrade. Input Output Hong Kong (IOHK), the team behind the Ethereum ...

Input Output Global Collaborates With Stanford University

Input Output Global has announced plans to collaborate with Stanford University by establishing a peer-reviewed research Hub at the university. Blockchain Research Hub will be worth $4.5 million and w...

Input Output Global (IOG) Funds $4.5M Blockchain Research Hub at Stanford University

Thanks to the latest partnership, university researchers would be able to present ground-breaking studies that will have an impact on the blockchain sector. Input Output Global (IOG), builder of the C...

Cardano’s Input Output Announces Research Hub at Stanford

Alex Dovbnya Cardano Builder, which is known for focusing on rigorous academic research, has made sizeable investment in Stanford University Cardano developer Input Output has deepened its ties with S...

Europe’s Energy Crisis Threatens Glass Production

BERLIN—European businesses as diverse as car makers, bottle manufacturers and skyscraper builders—not to mention artisanal glassblowers—are preparing for a possible glass shortage if the loss of Russi...

Cardano Gets “Even Closer” to Vasil Upgrade, Input Output Says

Alex Dovbnya The Vasil upgrade appears to be imminent, with the team of developers making great progress over the past week Cardano developer Input Output has “made good progress” on the Vasil upgrade...

Stocks in September Have Often Struggled. The Good News: The Selloff May Have Already Begun.

Illustration by Elias Stein Text size The stock market’s worst month—September—will soon be upon us. The S&P 500 index has averaged a 1% loss in September dating back to 1928, says Dow Jones Marke...

Input Output Global (IOG) and NMKR Collaboration For NFTs on Cardano

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Blockchain Developer Input Output Global Announces Collaboration To Drive NFT Adoption on Cardano

Input Output Global (IOG), the blockchain company behind Cardano (ADA) , is collaborating with a non-fungible token (NFT) ecosystem to drive NFT adoption. NMKR, which claims to be “the number one NFT ...

Oil Prices Slide Below $88 As China Demand Fades, US Output Rises

Updated at 8:14 am EST Global oil prices slumped lower Monday following disappointing economic data from China that could re-set bets on demand from the world’s biggest crude importer. China pub...

Rivian’s Losses Nearly Triple to $1.7 Billion

Rivian Automotive Inc. reported its net loss in the second quarter nearly tripled to $1.7 billion, further pressuring the electric-vehicle startup to conserve cash and move quickly to fill customer or...

Cathie Wood Watch: Buys Nvidia, Output Platform; Sells DraftKings

Cathie Wood, chief executive of Ark Investment Management, bought and sold familiar stocks Monday, including a sports gambling company and a top semiconductor maker. All valuations below are as of Mon...

Shale Drillers Warn of Higher Costs as They Report Record Profits

Shale companies are reporting banner profits but are warning that inflation in the oil patch is leading them to increase their spending. Oil prices hovering around $110 a barrel in the second quarter ...

Exxon Mobil Stock Surges After Energy Giant Drills to Record Profit

Text size PHOTOCAP Dean Mouhtaropoulos/Getty Images Soaring energy prices and increased production helped Exxon Mobil shatter its previous record for quarterly profit as the oil and gas giant posted e...

Seagate’s Earnings Miss Estimates as Demand for Disk Drives Worsens

Text size A Seagate hard drive from an Apple laptop computer. Demand is weakening in consumer-related markets. Brent Lwein/Bloomberg The disk-drive company Seagate Technology posted sales and profits ...

Boeing Poised to Increase 787 Production Once Deliveries Resume

FARNBOROUGH, England—Boeing is preparing to increase production of its 787 Dreamliner soon after U.S. air-safety regulators allow the aircraft to resume deliveries, according to a person close to the ...