U.S. ships more gas to Europe than Russia by pipeline!
One significant measure, of how fast the war in Ukraine has redrawn the energy map is the following; The U.S. is sending more gas to Europe by ship than Russia is by pipeline,
Uber revenue doubles, sending shares surging!
Uber Inc. doubled quarterly revenue, improved its financial performance, and said high inflation was causing more people to drive for the platform to help offset rising household costs. Uber’s ride-hailing bookings drove much
Bank of America clients keep buying stocks, as inflation soars!
Bank of America Securities clients were net buyers of U.S. stocks for a fifth straight week, by adding roughly $4 billion! Diversifying across most sectors, apart from real estate and industrial’s. Tweet on
PepsiCo, closing on a record earnings!
Shares of the beverages, food, and snacks company Tuesday hit an all-time intraday high of $177.69. If PepsiCo closes at that level,or eventually exceeds the threshold of 178, it would be the first
Oil industry reports a record profit, as energy prices soars!
Exxon Mobil Corp. Chevron Corp. and Shell, the three largest Western oil companies, banked a record $46 billion in collective profits in the second quarter, fueled by the highest energy prices in over
Nikola the EV startup, set to buy ‘Romeo Power’
Electric-truck startup Nikola Corp. said it has agreed to buy battery-technology company Romeo Power Inc. in an all-stock deal that values Romeo at roughly $144 million. Deal comes as makers of electric-vehicle batteries
Chip giants to build a factory in France!
GlobalFoundries, and STMicro are set to build chip plant, backed by the French government aimed at boosting supply-chain security GlobalFoundries Inc. and STMicroelectronics two of the world’s largest chip makers, said they would
Samsung, expects significant rise in profit!
Samsung is forecasting a roughly 52% jump in its fourth-quarter operating profit from the year-ago period! lifted by resilient demand for memory chips and improved returns from its contract chip-making business, WSJ finds
Facebook faces revenue drop, as TikTok gains ground
Facebook Meta Platforms Inc is expected to post its biggest drop in daily users and its first decline in revenue, as the company struggles to adjust to growing competition from TikTok. Average-daily-user numbers
Introduction, The Semiconductor Chips Bill 2022!
The CHIPS and Science Act of 2022 creates a $39 billion fund that would provide direct financial assistance for the construction and expansion of semiconductor manufacturing facilities, among other purposes, according to a