Bitcoin mining difficulty has been on the rise as the network has gained more popularity. This is a far cry from what was expected after China, which was known as the mining capital of the world at th...
Tag: Production
Biden to invoke Defense Production Act for EV battery materials
U.S. President Joe Biden announces the release of 1 million barrels of oil per day for the next six months from the U.S. Strategic Petroleum Reserve, as part of administration efforts to lower gasolin...
How would the economy handle $200 oil? Here’s what one simulation found
Oil has been one of the most volatile assets since the Russian invasion of Ukraine as traders balance the impact of sanctions with both the likelihood of increased production elsewhere and the possibi...
GM looks to increase Hummer EV production as reservations top 65,000
GMC Hummer EV pickup truck Michael Wayland / CNBC PHOENIX – General Motors has received more than 65,000 reservations for its electric GMC Hummer pickups and SUVs, as the automaker attempts to expedit...
Investors bet Ukraine war will prompt companies to bring production onshore
Big investors are betting that the war in Ukraine will prompt companies to pull production closer to home in a significant reshaping of global supply chains. For decades, broad investment themes have ...
GM to halt pickup truck production in Indiana due to chip shortage
Trucks come off the assembly line at GM’s Chevrolet Silverado and GMC Sierra pickup truck plant in Fort Wayne, Indiana, July 25, 2018. John Gress | Reuters DETROIT – General Motors will halt pi...
Nikola begins production of battery electric Tre semitruck
Nikola Motor’s Tre semi-truck. Nikola Motor Company Electric heavy-truck startup Nikola announced on Wednesday that it has begun production of the battery-powered version of its electric Tre sem...
Where to buy today’s Rivian stock dip: it is down 4% amid a reduced production forecast
The Rivian stock has been on the decline since mid-November and things seem to have gotten worse after US legislators failed to vote for a bill that would have given Rivian and other EV automakers the...
Skills Shortage Looming Over Production Studio Expansions
LOS ANGELES, CALIFORNIA – FEBRUARY 25: Film crews work on the set of My Name is Earl, with actors … [+] Jason Lee (Earl), Ethan Suplee (Randy) and actress Alyssa Milano (Billie) as they sh...
Saudi Aramco to boost oil production spending to help meet rise in demand
Saudi Aramco has said it will boost spending on oil production to meet rising energy demand as chief executive Amin Nasser criticised “totally unrealistic” plans to swiftly transition the world away f...
Unless OPEC increases output, oil market will fall into deficit after Russian invasion, IEA says
Russia’s invasion of Ukraine and sanctions on its oil exports threaten a supply shock that will weigh on the global economy and push the oil market into a deficit unless major producers increase outpu...
Russian-Ukraine war to lower car production by millions of units
A worker attaches a wiring harness to the chassis of an X model SUV at the BMW manufacturing facility in Greer, South Carolina, November 4, 2019. Charles Mostoller | Reuters DETROIT – The war in Ukrai...
Northvolt is enhancing its EV batteries production with this investment
Northvolt indicated on Tuesday that it would begin construction of a gigafactory in Germany and anticipates producing the first batteries by 2025. A statement from the Stockholm-based battery producer...
GM to begin production next week brand’s first EV
An undated handout photo shows the new Cadillac Lyriq, one of the electric vehicles that General Motors Co said on October 20, 2020, that its Spring Hill, Tennessee, factory will begin to produce. Gen...
Inflation Hedging Coin Has Announced an International Video Production Contest – Press release Bitcoin News
press release PRESS RELEASE. IHC token team just announced a contest of video content creation with a prize pool of 100 million IHC tokens among Youtubers. All Youtube content creators with above 5k s...
Ford Stock Is Down For a Very Odd Reason. No, Production Guidance Wasn’t Cut.
Auto investor nerves are frayed as they deal with Russia, inflation and the persistent chip shortage. Scott Olson/Getty Images Text size Automotive News incorrectly reported over the weekend that Ford...
Rivian Shares Tumble As 2022 Production Outlook Disappoints
Shares of electric vehicles manufacturer Rivian fell over 8% on Friday after the company cut its production outlook in half as surging input costs and supply chain bottlenecks continue to bite. Irvine...
Bitcoin Miners’ February Production Fell on Shorter Month, Winter Storm
Recently, Argo and privately held Gem Mining both said the curtailing of operations to support community needs for extra power lowered their production in February, among other reasons. Meanwhile, sea...
Frackers Say Bottlenecks Impede Output Boost as Oil Prices Soar
American shale drillers say there are limits to how much and how quickly they can boost shaky oil supplies following Russia’s invasion of Ukraine, cautioning that supply-chain issues, investors wary o...
Russia-Ukraine war could cut auto production by millions of vehicles
The 111,111th Ford Transit car manufactured at the Ford Sollers car factory in the town of Yelabuga in Russia’s Republic of Tatarstan. Yegor Aleyev | TASS | Getty Images Russia’s invasion ...
Elon Musk Says Russia’s War Means More Oil Production Needed Now
(Bloomberg) — Elon Musk says more fossil fuel production is needed now, even if it’s bad for his electric car company, Tesla Inc. Most Read from Bloomberg “Hate to say it, but we need to increas...
At Ford, the Chip Shortage Isn’t Getting Any Better. There Are More Output Cuts.
Text size The Ford company logo is displayed on a sign outside of the Chicago Assembly Plant on February 03, 2021 in Chicago, Illinois. Scott Olson/Getty Images The semiconductor shortage that is cons...
‘We need to increase oil & gas output immediately,’ Elon Musk says as Ukraine crisis jolts U.S. crude to 2008 high
Elon Musk voiced an unusual stance for an electric-vehicle executive on Friday. Tesla Inc.’s TSLA, -0.12% chief executive said the U.S. needs to immediately increase production of oil and gas in a twe...
The Film & TV Charity Produces Study On Mental Health Post Pandemic In The Industry
SYDNEY, AUSTRALIA – MARCH 29: A camera crew prepare to film a scene on the streets of Sydney during … [+] production of the film sequel Mask II March 29, 2004 in Sydney, Australia. Major s...
Tesla factory in Germany gains conditional approval for production
A Tesla Model Y is seen in a production hall of the Tesla Gigafactory during the open day. In Grünheide, east of Berlin, the first vehicles are to roll off the production line from the end of 2021. Pa...
Riot Blockchain Reports 189% Increase in BTC Production for February 2022
The recent dip in the price of Bitcoin is not impacting the mining activities across the BTC network. Nasdaq-listed Bitcoin mining company, Riot Blockchain recently announced its production and operat...
Ford cuts SUV, truck production at two plants due to chip shortage
An employee works on a Ford Motor Co. Super Duty Truck engine at the Ford Kentucky Truck Plant in Louisville, Kentucky, Sept. 30, 2016. Luke Sharrett | Bloomberg | Getty Images Ford Motor is once agai...
Opinion: What would it take for U.S. oil companies to ramp up production? A lot.
Even with oil prices above $100 a barrel and gas prices averaging over $4 a gallon at the pump, frackers show little interest in ramping up output. Companies including Devon Energy DVN, +1.56%, EOG Re...