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...
Tag: Production
Nvidia closes Russian offices, will fly relocating employees out of the country, report says
Chipmaker Nvidia is ending its activities in Russia, and is giving its employees in the country the opportunity to relocate. In a statement, Nvidia Corp. NVDA, +5.23% confirmed that it is ceasing all ...
Samsung Plans to Triple Advanced Chips Production by 2027
World-renowned electronics company Samsung appears set to ramp up production of advanced chips to match TSMC’s. Samsung Electronics is on a quest to more than triple its production of advanced chips i...
Q3 production jumps 67%, reaffirms production forecast
A dose of good news for Rivian (RIVN) has shares of the EV truckmaker on the move today. The maker of electric pickups and SUVs reported it produced 7,363 units in Q3 and delivered 6,584. That product...
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...
OPEC+ Production Cut Poses New Threat to Biden as Election Nears
(Bloomberg) — Amid what would become a 98-day streak of declines, President Joe Biden was quick to take credit in August over one of his most serious political foes: high gasoline prices. Most R...
Bitcoin Miners in Trouble? BTC Price Dangerously Close to Cost of Production
Bitcoin’s price has been trading below $20,000 for quite some time now, and data from a popular cryptocurrency analytics resource reveals that it’s getting dangerously close to BTC’s cost of productio...
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...
Rivian production grows 67% in 3Q, confirms 2022 goals
Workers inspect a Rivian R1T electric vehicle (EV) pickup truck on the assembly line at the company’s manufacturing facility in Normal, Illinois, US., on Monday, April 11, 2022. Jamie Kelter Dav...
Oil prices jump on reports OPEC+ will cut production
Oil prices jumped on Monday following reports that the OPEC+ cartel is planning a large production cut. Price action West Texas Intermediate crude CLX22, +4.20% for November delivery rose $3.20, or 4%...
Oil Jumps as OPEC+ Mulls Biggest Production Cut Since Pandemic
(Bloomberg) — Oil surged in early Asian trading after delegates said OPEC+ was considering cutting output by more than 1 million barrels a day when the group meets this week to stem a slide in p...
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...
Korean Production Companies See More Requests For Foreign Remakes
Popular k-drama ‘Start-Up’ has a Filipino remake. CJ ENM/GMA Entertainment Group Remakes are nothing new in the world of television. But what might be considered newsworthy is the number o...
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...
Jordan Peele’s Nope Participated In NBCUniversal’s Sustainable Production Program
Director Jordan Peele attends the World Premiere Of Universal Pictures “Nope” at the Chinese theatre … [+] in Hollywood, California, July 18, 2022. (Photo by VALERIE MACON / AFP) (Ph...
Micron Braces for Massive Plunge in Demand by Slowing Production
(Bloomberg) — Micron Technology Inc., the largest US maker of memory chips, is slashing production to cope with a steep plunge in demand, the latest sign of how the semiconductor industry’s boom...
Lordstown Motors RIDE begins production of Endurance EV pickup
Lordstown Motors gave rides in prototypes of its upcoming electric Endurance pickup truck on June 21, 2021 as part of its “Lordstown Week” event. Michael Wayland / CNBC Lordstown Motors sa...
Apple bails on increasing iPhone production: what does it mean for the stock?
Apple Inc (NASDAQ: AAPL) is reportedly bailing on plans to boost iPhone production after its recently launched iPhone 14 failed to push demand as high as the multinational had anticipated. Shares brok...
Boosting Domestic Production Of 5G Technology Is Important To Ensure Long Run U.S. Economic Primacy
Russia’s invasion of Ukraine and China’s increasingly bellicose rhetoric across the Asian Hemisphere have caused policymakers to realize that we cannot depend on these countries for materials critical...
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...
U.S. Natural Gas Production Sets A New Record, But Don’t Expect Relief On Your Heating Bills
The LNG Sakura liquefied natural gas tanker sails past a container terminal as it arrives at Tokyo … [+] Gas Co.’s Negishi LNG terminal in Yokohama, Japan, on Monday, May 21, 2018. Tokyo G...
Bitcoin Miner Bitfarms Starts Production in Argentina
Bitfarms Ltd, a Bitcoin mining company, headquartered in Quebec, Canada, announced on Monday that it has started mining production in its new facility based in Argentina. The Canadian miner said its h...
VeChain Enters Another Partnership This Time To Aid Sustainable Biofuel Production In Europe
– Advertisement – VeChain will aid in the conversion of used cooking oil to biofuel. In a tweet on Friday, VeChain confirmed an announcement by UCO Network, a blockchain protocol focused o...
NEOM To House Saudi Arabia’s Largest Studio With An Industry Leading Production Incentive Scheme
NEOM MEDIA VILLAGE – SAUDIA ARABIA: Sound stage interior. NEOM Media Village NEOM, the highly anticipated futuristic region in northwest Saudi Arabia by the Red Sea that is currently being devel...
Siemens commissions German production plant
A Siemens logo in Germany. The industrial giant says that a newly commissioned green hydrogen plant in the country will use wind and solar power from the Wunsiedel Energy Park. Daniel Karmann | Pictur...
Jim Beam ramps up bourbon production in $400 million renewable energy push
Bottles of Jim Beam Kentucky Straight Bourbon whiskey stand on display during a news conference in Tokyo, Japan, Jan. 30, 2020. Noriko Hayashi | Bloomberg | Getty Images Beam Suntory said Wednesday it...
Volvo starts series production of heavy-duty electric trucks
This image shows workers at Volvo Trucks’ plant in Sweden. Volvo Trucks Volvo Trucks said Wednesday that production of three heavy duty electric truck models was now underway, with its president...
Mercedes-Benz Vans and Rivian Team Up for Electric Van Production
With their focus set on reducing costs for both companies, Mercedes Benz and Rivian will pool their funds, supplies, technology, and skills together to achieve their aim. Top electric vehicle (EV) mak...
White House fears crypto production might hinder climate change efforts
The White House has expressed concern that the production of cryptocurrencies such as Bitcoin (BTC) may have a negative effect on the environment, which might thwart efforts by the United States to ta...
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...