Business – PressClub World

16. 11. 2024 No Responses

TSMC Lands $6.6 Billion in US Funding to Build Advanced Chip Plants in Arizona

TSMC’s new facilities in Arizona will power next-gen tech, including 5G/6G and AI applications, starting early 2025. The United States has agreed to provide up to $6.6 billion in direct funding to Taiwan Semiconductor Manufacturing Co. (TSMC) to build advanced chip...

13. 11. 2024 No Responses

Boeing To Cut 17,000 Jobs

Boeing is set to issue layoff notices affecting 17,000 positions, accounting for 10 per cent of its global workforce, according to Reuters. Impacted employees will remain on the company’s payroll until January, in compliance with federal regulations requ...

12. 11. 2024 No Responses

Hertz: Accumulating Losses From Risky Bet on Tesla EVs

Hertz Global Holdings Inc. crashed after the company reported a worse-than-expected loss stemming from the rental-car company’s risky bet on electric vehicles and heavy depreciation costs that have pummeled earnings for the past year. The company posted an a...

20. 9. 2024 No Responses

Tech giants desperate to power AI data centers

The tech industry’s need for more power for data centers running artificial intelligence is now so desperate that companies are turning to nuclear disaster sites, despite the potential risks. Microsoft Corp. and Constellation Energy Corp. said Friday that th...

19. 9. 2024 No Responses

Boeing to Begin Temporary Layoffs Because of Strike

The aerospace giant said it would temporarily lay off tens of thousands of employees to stem losses from a walkout by the machinists’ union. Boeing will start furloughing tens of thousands of employees in the coming days as it seeks...

15. 8. 2024 No Responses

Money-Market Fund Assets Hit Record Highs, Banks See Large Deposit Outflows

Money-market funds saw a second week of significant inflows (+$28.4 Billion) which together with the prior week’s $52.7 Billion, pushed total MM assets under management to a new record high of $6.216 Trillion. Large banks saw $73.5 Billion of deposit...

14. 8. 2024 No Responses

Five ‘economic tectonic forces’ are reshaping global economy

Global Times reporters Xie Wenting and Bai Yunyi (GT) conducted an exclusive interview with renowned economist and former governor of the Bank of Canada, Stephen Poloz (Poloz). According to Poloz, five economic tectonic forces – population aging, debt ...

15. 7. 2024 No Responses

Risk Warning: Very High Probability of Decline in Capital Markets

As has been my standard since September 1998, I again publicly warn in advance of the increased risk of a decline in capital markets. – Generally, stocks are overpriced again (especially in tech) – Valuation of shares not corresponding to...

8. 6. 2024 No Responses

China Accelerates Solid State Battery Development

China’s advancements in solid state battery technology have the potential to accelerate global development and adoption, shaping the future of energy storage. Over the past several years, the nation steadily powered up its battery metals research and dev...

13. 5. 2024 No Responses

Iran, India sign 10-year deal to develop Chabahar Port

Iran and India have signed a 10-year contract for operation and equipment of the southern Iranian port city of Chabahar as part of plans to further boost their bilateral trade and economic relations. The 10-year deal was signed by Iran’s Minister...

9. 4. 2024 No Responses

Boeing whistleblower claims that Boeing’s 787 Dreamliner is flawed

The engineer, Sam Salehpour, internally raised his concerns about the jets but was “threatened and silenced by Boeing,” his lawyers alleged. After the company attempted to intimidate him, Salehpour alerted the Federal Aviation Administration (FAA),...

23. 3. 2024 No Responses

Top 50 Largest Banks

In this graphic, Visual Capitalist list the top 50 banks in the world by consolidated assets, based on a 2023 report from S&P Global Market Intelligence. The data represents each bank’s total assets for the most recent period available. According...

22. 3. 2024 No Responses

Intel: $36 Billion Hillsboro Investment

Intel announces $36 Billion Hillsboro investment following $8.5 Billion federal funding commitments. Oregon is one of the four states getting a share of $100 billion in planned spending by the tech giant. Intel is rolling out $100 billion in spending...

21. 3. 2024 No Responses

MQ-9B SeaGuardian Drone Tested in ASW Role

On Feb. 27, 2024, General Atomics Aeronautical Systems, Inc. (GA-ASI), in cooperation with the Naval Air Systems Command (NAVAIR), conducted a series of tests on GA-ASI’s Sonobuoy Dispensing System (SDS) using the MQ-9B SeaGuardian® Unmanned Aircraft System...

20. 3. 2024 No Responses

US Aims To Restock Strategic Oil Reserves By Year-End

The Biden admin aims to have crude in the SPR back up to the levels before the massive sales of 180 million barrels in the past two years, U.S. Energy Secretary Jennifer Granholm said at the CERAWeek energy conference in Houston. The...

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