Tag Archives: demand

(Bloomberg) — Oil surged past $80 a barrel as the global power crunch rattled a market in which OPEC+ has only been restoring output at a modest pace. Most Read from Bloomberg West Texas Intermediate futures climbed around 2% in Asian trading after topping the psychological price threshold on Friday for the first time since November 2014. The prices of fuels such as coal and natural gas are soaring in Europe and Asia as stockpiles run low ahead of the Northern Hemisphere winter, prompting a… Source link

Late Monday night, Google filed for a court order to produce documents from longtime Google critic Luther Lowe, as part of its ongoing federal antitrust case, US vs. Google. The motion arises from an apparent breakdown in negotiations between Google and Lowe’s employer, Yelp. Yelp has agreed to document production from a number of its employees, but has resisted on Lowe in particular, leaving Google to ask the court for a subpoena that would compel email archives and other documents.

The Ford F-150 Lightning electric pickup hasn’t even gone on sale yet, but demand is so red hot that the automaker is already ramping up production. The first Lightning prototypes are rolling off an assembly line in Dearborn, Mich. for real-world testing, with the truck arriving in dealerships this spring. But with 150,000 reservations already in hand for its inaugural EV pickup truck, Ford (F) announced Thursday that it will invest an additional $250 million and add 450 more jobs at three… Source link

Google employees and subcontracted workers are demanding that the company pay back wages to temporary workers, following a Guardian report that revealed Google had knowingly and illegally underpaid thousands of temps for years. More than 140 workers have signed a petition addressed to Google executives calling on the company to “immediately pay back all Temps, Vendors and Contractors (TVCs) who have been knowingly underpaid by Google” and to “create an immediate path to permanent… Source link

NEW YORK–(BUSINESS WIRE)–Yahoo is growing its sustainable and people-first identity footprint through expanded partnerships with NCSolutions, IRI, mParticle and more, adding interoperability or support for the company’s cookieless ID solution, Yahoo ConnectID, across additional providers. Creating a scaled ecosystem to support its ID, the moves mean that advertiser data can stay within the providers’ ecosystems, but still be matched against Yahoo ConnectID to drive connections… Source link

Bitcoin crested above $50,000 on Monday, benefiting from simultaneous supply chain shortages and a crackdown from Chinese regulators – putting bitcoin mining on par with profits near the coin’s April all-time-high.  Now, building infrastructure for the energy-intensive business poses the greatest challenge for companies and individuals hoping to reap big money. That means finding cheap and reliable energy sources, striking deals and building out mining facilities. “Throughout the summer,… Source link

(Reuters) – Californian pot producer TPCO Holding Corp, better known as Parent Company, beat estimates for quarterly revenue on Monday as demand surged for weed-infused products during the pandemic. The Jay-Z-backed company also said Clorox Co executive Troy Datcher would replace Steve Allan as its chief executive officer, without giving a reason for the change. Formed earlier this year with the merger of a blank-check firm and three Californian cannabis companies, TPCO sells edibles, vape… Source link

What happened: A new report indicates Amazon.com Inc. (NASDAQ: AMZN) needs to invest billions of dollars into the expansion of its warehouse and delivery system to keep up with consumer demand. Reuters reports the online retailer is running out of space and available labor. Amazon has almost doubled its network of warehouses in an 18 month period, although more investments are being planned. Why it’s important: Amazon is “running out of labor,” according to Andrea Leigh, vice president… Source link

Advanced Micro Devices (AMD) torched analyst forecasts again for the second quarter, in large part fueled by robust demand for chips for gaming consoles, PCs and servers.  “The demand for computing is just exploding everywhere,” AMD CEO Dr. Lisa Su said on Yahoo Finance Live. “I think whether it’s in PCs where you are working from home, schooling from home or returning to office, people want better devices and particularly in the data center, where there is just an incredible need for more… Source link

Google (GOOG)‘s parent company Alphabet reported revenue of $61.9 billion for the quarter ended June 30, a staggering 62% jump from the same quarter last year and significantly higher than analysts had expected. The company’s profits more than doubled to $18.5 billion. Alphabet’s stock rose 3% in after-hours trading Tuesday following the earnings report. Much of that growth was driven by a rebound in Google’s core advertising business, which posted revenue of $50.4 billion — a 69% increase … Source link