Yahoo Finance Plus Walmart Senior Vice President for Transport Fernando Cortes speaks to Bloomberg's Ed Ludlow at Up.Summit on the retailers push in to new technology for trucks and energy. Cortes says the company is not just testing the waters but plans to use new fuels and battery-electric technology to meet its pledge to achieve zero greenhouse-gas emissions by 2040.
Zuckerberg's chilling message to Meta Platforms Inc. employees: The company faces one of the "worst downturns that we've seen in recent history" that will necessitate a scaling back in hires and resources.
Despite a mountain of sanctions and embargos, Russia has exported nearly $1 billion in fossil fuels per day since its invasion of Ukraine
Tight supplies of commodities following Russia’s war in Ukraine lead countries back to the dirtiest fossil fuel, despite commitments to tackle climate change.
(Bloomberg) -- Iran is being forced to discount its already cheap crude even more as a top ally gains a bigger foothold in the key Chinese market.Most Read from BloombergBezos Slams Biden Over Call for Lowering of Gas PricesLong, Moderate and Painful: What Next US Recession May Look LikeUS Court Ruling May Take 70,000 Truckers Off Road, Spur JamsJPMorgan Sees ‘Stratospheric’ $380 Oil on Worst-Case Russian CutGermany’s Union Head Warns of Collapse of Entire IndustriesChina has become an important
In times of market upheaval and falling bitcoin prices, margins compress across the board, and force more miners to become net sellers, the crypto exchange said.
The bull cases for these Berkshire portfolio components are wildly different, but both stocks look like winners.
Oil, wheat, natural gas, lumber, corn and other raw materials ended a tumultuous quarter near to or lower than March prices.
The excess inventory piling up at large retailers is proving a boon for liquidators and other companies that help dispose of the oversupply.
Insiders bought up shares of Plains All American Pipeline and ReneSola, respectively levered to crude oil and solar power. Both have better prospects due to Russia’s invasion of Ukraine.
(Bloomberg) -- Commodities opened Monday on steadier footing after last week’s turmoil, but investors face a daunting slate of immediate risks -- from a European gas crisis to fresh Covid-19 flare-ups in China and fears of a global economic slowdown.Most Read from BloombergBezos Slams Biden Over Call for Lowering of Gas PricesLong, Moderate and Painful: What Next US Recession May Look LikeUS Court Ruling May Take 70,000 Truckers Off Road, Spur JamsJPMorgan Sees ‘Stratospheric’ $380 Oil on Worst-
(Bloomberg) -- The global surge in the cost of fuel is starting to weigh on demand, according to the world’s biggest independent oil trader.Most Read from BloombergBezos Slams Biden Over Call for Lowering of Gas PricesLong, Moderate and Painful: What Next US Recession May Look LikeUS Court Ruling May Take 70,000 Truckers Off Road, Spur JamsJPMorgan Sees ‘Stratospheric’ $380 Oil on Worst-Case Russian CutGermany’s Union Head Warns of Collapse of Entire IndustriesConsumers are being hit by the run-
Intel and Nvidia are among the semiconductor makers warning of rockier times ahead after two years of surging demand across their product lineups, pointing to a chillier consumer climate.
South Korean tech giant Samsung has started producing chips using its latest 3-nanometer (nm) technology, the company said Thursday. The new chips can be used for Bitcoin mining hardware. See related article: LG to follow Samsung adding NFT features to flagship TVs Fast facts One of the earliest clients for Samsung’s 3nm chips could be […]
New research from Rystad Energy shows a sizeable drop in global recoverable oil reserves in 2022, a situation that could have serious consequences for energy security
Amazon’s founder said the president’s push is “misdirection.” The White House rejected the criticism.
Alibaba Group Holding has created a new subsidiary called Lingyang Intelligent Service Co to help companies in their digital transformation, a move that deepens the Chinese e-commerce giant's pivot to the enterprise market. The new business unit, which pulls together existing digital capabilities within the Hangzhou-based firm, represents "an important step for Alibaba after thoughtful consideration", company chairman and chief executive Daniel Zhang Yong said in a statement on June 29. The new
A roundup of recent banking and finance news from the Philadelphia area: Wells Fargo shutters three more local branches Wells Fargo closed three more local branches in June, bringing the total to five this year. The affected locations, cited in filings with the Office of the Comptroller of the Currency, are: •120 N. Pine St., Langhorne, which closed June 15; •1110 Chester Pike, Sharon Hill, also closed on June 15; and •400 Old York Road, Jenkintown, which shuttered on June 21. San Francisco-based Wells Fargo (NYSE: WFC), Philadelphia’s largest bank by deposits, shuttered locations in Drexel Hill and West Chester in January.
Worries that Russia may cut output are keeping prices high even as the prospect of recession weights on demand.
A global crunch in semiconductor supply could cost Stellantis up to 220,000 vehicles this year in terms of lost output in Italy, the FIM CISL union said, adding this would mark the fifth year in a row of declining production in the country. FIM CISL said in its periodic report on the group's production in Italy that Stellantis produced 351,890 vehicles in the first half of this year, almost 14% less than in the same period last year, with the key Melfi plant and the Sevel van-making facility being the most affected sites.
Inflation has touched all parts of the economy. According to Blake Hurst, a farmer and former president of the Missouri Farm Bureau, it's hitting both farmers and consumers.
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