Tag Archives: largest

Arizona’s largest battery will help feed your Google habit

Arizona’s largest battery will help feed your Google habit

Photo: Salt River Project Arizona’s largest battery storage system is now online and, along with solar and wind, will help power a new Google data center – here’s why that matters. Arizona’s largest battery + Google Arizona utility company Salt River Project and renewables developer NextEra Energy Resources developed Sonoran Solar Energy Center, a 260-megawatt (MW) solar farm able to charge a 1 gigawatt-hour (GWh) battery energy storage system…. Source link

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Google is increasingly turning to resellers as it conducts the largest round of layoffs in its history

Google is increasingly turning to resellers as it conducts the largest round of layoffs in its history

Alphabet today has confirmed that it plans to cut 12,000 jobs, reportedly the largest round of layoffs in its history, a development that comes as advertisers note a gradual shift in how Google deals with its largest paying customers. The Google parent company ended weeks of speculation with confirmation of the job losses, amounting to 6% of its workforce, implemented to deal with the “economic reality… we face today,” according to Alphabet CEO Sundar Pichai. In a blog post, he… Source link

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Tesla stock has now seen one of its largest drawdowns in history

Tesla stock has now seen one of its largest drawdowns in history

Tesla stock is in the midst of losing the most market valuation from a high in its history of being a public company. Shares of the EV maker are down 64% from a peak last November, marking the stock’s largest drawdown dating back to its IPO in 2010, according to data from Compound Capital. The recent 407-day stretch of selling pressure has eclipsed the 60.6% drop from a peak derived over 28 days from Feb. 19, 2020 to Mar. 18, 2020 (chart below). More recently, Tesla stock is down 22% in… Source link

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Tesla stock has now seen one of its largest drawdowns in history

Tesla stock has now seen one of its largest drawdowns in history

Tesla stock is in the midst of largest drawdown since the company went public back in 2010. Shares of the EV maker are down 64% from a peak last November, marking the stock’s largest drawdown since its market debut, according to data from Compound Capital. The recent 407-day stretch of selling pressure has eclipsed the 60.6% drop from a peak seen over the 28 days from Feb. 19, 2020 to Mar. 18, 2020 (chart below), when the onset of the COVID-19 pandemic rocked markets worldwide. More recently,… Source link

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Biden unveils $36B for one of America’s largest and most troubled pension funds

Biden unveils $36B for one of America’s largest and most troubled pension funds

The White House is sending $36 billion to buttress the Central States Pension Fund, one of the biggest and most troubled funds that manages the pensions of over 350,000 union workers and retirees. The pending announcement on Tuesday comes about 21 months after President Biden promised $86 billion to troubled multi-employer pension funds via a controversial provision tucked inside the American Rescue Plan. The check from Washington is a note of finality in the decades-long push to shore up… Source link

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Taboola stock rockets after 30-year agreement with Yahoo, making Yahoo the largest shareholder

Taboola stock rockets after 30-year agreement with Yahoo, making Yahoo the largest shareholder

Shares of Taboola.com Ltd. skyrocketed 53.3% to pace all premarket gainers Monday, after the provider of recommendations for online editorial content and advertisements announced an exclusive 30-year commercial agreement with Yahoo. As part of the agreement, Taboola will power native advertising across all Yahoo digital properties, which is expected to drive more than 800 billion impressions, and Yahoo will receive 24.99% of Taboola’s outstanding shares, which would make Yahoo the… Source link

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