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Intel sees lower quarterly profit on weaker global chip demand
Intel Corp forecast current-quarter profit below analysts' estimates on Thursday as the semiconductor industry deals with slack demand due to massive shutdowns from the coronavirus outbreak, sending the chipmaker's shares down 6% in extended trading......»»
The coronavirus outbreak has led to a massive shortage of face masks. From scientists in Prague to fashion designers in Venezuela, these photos show an underground economy of people making their own masks.
David W Cerny/Reuters The coronavirus pandemic has led to a global shortage of face masks, and people around the world are maki.....»»
China"s Jan-Feb trade surplus with U.S. falls to $25.37B
China's exports contracted sharply in the first two months of the year, and imports slowed, as the health crisis triggered by the coronavirus outbreak caused massive disruptions to business operations, global supply chains and economic activity......»»
Why Havens Might Not Be Safe When Everybody Rushes In
The coronavirus outbreak has set in motion a massive re-allocation of capital, as investors move money into so-called haven assets -- those thought to be safe in a global economic downturn. That’s brought turmoil in stock markets, record low bor.....»»
Why the World Wants Haven Assets (and What They Are)
The coronavirus outbreak has set in motion a massive re-allocation of capital, as investors move money into so-called haven assets -- those thought to be safe in a global economic downturn. That’s brought turmoil in stock markets, record low bor.....»»
Stopping The Measles Outbreak: What You Need To Know About MMR
Measles is making a comeback, and resources that should be spent fighting other health problems are being diverted to fight an outbreak of a totally vaccine-preventable disease. Misinformation has been spreading over the last two dec.....»»
Senators show confidence in Johnson’s O’Hare rebuild plan
Johnson wants to change the sequencing of construction on the long-awaited Global Terminal and two new satellite concourses. Mayor Brandon Johnson’s plan to tweak the massive, delayed rebui.....»»
Saudi Arabia"s oil giant boss speaks up for China, saying its massive production of solar panels and EVs helps affordability
The comments come as the West has stepped up criticism of China's dumping of cheap green products on the global markets. Saudi Aramco President and Chief Executive Amin H. Nasser.Hamad I Moham.....»»
: Bitcoin extortion: How cryptocurrency has enabled a massive surge in ransomware attacks
The Colonial Pipeline episode is likely to bring even greater interest in the regulation of bitcoin and other cryptocurrencies as law enforcement seeks to track down the perpetrators, and policymakers hope to prevent similar attacks from happening again......»»
Colonial Pipeline ‘ransomware’ attack shows cyber vulnerabilities of U.S. energy grid
Fallout from the massive cyberattack may have regional repercussions in the Southeast if repairs drag on......»»
Rental car companies are turning to used car auctions to regrow fleets amid a massive shortage sending prices skyrocketing
The global chip shortage is hindering rental-car companies from being able to quickly regrow fleets as demand continues to rise. A Hertz car rental location in New Jersey in May 2020. AP Photo/Ted Shaffrey, File There's a rental-car sho.....»»
Pressure is building on Biden to send vaccine doses to India, as the country breaks global records with COVID-19 outbreak
While India is recording hundreds of thousands of new COVID-19 cases everyday, the US has started to see domestic vaccination rates decline. President-elect Joe Biden rec.....»»
India’s harrowing coronavirus surge is a ‘global problem’: New variants and slow vaccine rollouts are a threat to countries everywhere
Had India used the winter to ramp up testing, genomic surveillance, and the supply of critical medications, its outbreak may not have been so bad. Health workers prepare to cremate peop.....»»
: The semiconductor shortage is here to stay, but it will affect chip companies differently
A global shortage of semiconductors --- chips that power massive data-centers, mo.....»»
Santa Clara-based GlobalFoundries plans big expansion, mulls IPO, amid chip shortage
CEO Tom Caulfield told CNBC that the manufacturing capacity of his Santa Clara-based company is totally booked amid a global chip shortage that has hampered production of everything from phones to cars......»»
With ship now freed, a probe into Suez Canal blockage begins
Experts boarded the massive container ship Tuesday that had blocked Egypt’s vital Suez Canal and disrupted global trade for nearly a week, seeking answers to a single question that could have billions of dollars in legal repercussions: What went wrong?.....»»
: Watch Tesla, Nikola and these other stocks as change comes for a trucking market worth $1.5 trillion, says UBS
Massive disruption is hurtling down the highway toward a $1.5 trillion global trucking market, as legacy manufacturers and new entrants alike grapple for pole position in a race for dominance in zero-emissions trucks......»»
Global GDP will grow the most since 1980 this year amid widespread vaccination and massive stimulus, Fitch says
While Fitch's forecast calls for the fastest growth in decades, it's lower than estimates from G.....»»
America is going to need to spend massive amounts of money to rebuild its tarnished global reputation
It's not going to be cheap to rebuild America's image after Donald Trump s.....»»
Need to Know: Bitcoin is at a ‘tipping point’ and could become ‘currency of choice’ for global trade, Citi says
Citi analysts said we could see a "massive transformation" of cryptocurrency into the mainstream......»»