Gazprom shares soar on record profit
Russian gas giant Gazprom’s shares skyrocketed more than 30% After its board recommended paying dividends on record net profits in the first half of this year. State-owned Gazprom said the day before that
U.S. Gov’s restricts chip sales to China!
Nvidia confirmed that it’s been told by the U.S. government to stop selling chips in China! The company said it was applying for a license to continue some Chinese exports but doesn’t know
Gas Crisis, sparks global battle for tankers!
Gas Crisis sparks an unusual market offer! LNG tankers are in high demand, as rates and prices for new LNG tankers surge as Europe looks for alternatives to throttled Russian gas supplies European
Dollar reaches a record 20 year high!
The U.S. dollar index hit an intraday high of 109.478! The highest intraday value since September 2001, according to Dow Jones Market Data. The index is now off its highs of the day,
Moderna sues Pfizer over ‘patent Infringement’
Moderna sues Pfizer Inc. and BioNTech SE! Moderna says rivals copied its methods for encoding genetic material and used the same chemical modification in their Covid-19 vaccine! Moderna filed a lawsuit in a
Panasonic Plans $4 Billion EV Battery Plant in U.S.
Panasonic, one of Tesla’s most important suppliers, is in talks to build a roughly $4 billion EV battery plant in Oklahoma! Panasonic Holdings Corp., a supplier to electric-vehicle maker Tesla Inc is in
China Tech Stocks Rise on Audit Deal!
U.S.-listed China technology stocks are surging premarket! After the two countries struck a deal over audit inspections that could avert the mass delisting of Chinese companies from American exchanges. American depositary receipts for
Plug and Amazon signs ‘Green Agreement’
Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy signed a hydrogen supply deal with Amazon (NASDAQ: AMZN) In order to provide liquid green
Nvidia, gaming revenue drops by 33%
Nvidia has been among the chip companies hardest hit by consumers curtailing spending recently Nvidia Corp. said it is expecting sales of about $5.9 billion for the current quarter, below the $6.9 billion
Apple, to switch manufacturing out of China!
Apple is undertaking a significant shift in its smartphone supply chain. The consumer-electronics heavyweight is preparing to manufacture its new iPhone in India months earlier than it did previous models. The WSJ argues