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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Mortgage rates drop by largest amount in 41 years

Mortgage rates drop by largest amount in 41 years

Mortgage rates plunged by nearly a half-percent this week, marking the largest week-over-week decline since November 1981. The rate on the average 30-year fixed mortgage fell to 6.61% from 7.08% the week prior, according to Freddie Mac, which this week changed its methodology calculating rates. The drop follows a sharp decline in the yield on the 10-year Treasury last week after a government showed inflation cooled last month. The sudden decrease gave price-strained homebuyers and sellers… Source link

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Here’s another red flag for housing from the largest home builder

Here’s another red flag for housing from the largest home builder

The largest U.S. homebuilder offered up the latest examples of how quickly buyers are fleeing the housing market. Buyers canceled nearly a third of deals in D.R. Horton Inc.’s (DHI) fiscal fourth quarter, up from 19% a year ago, the Texas-based company said Wednesday. New orders declined 15% to 13,582 homes from a year earlier, down by 10% in value. The company is responding by walking away from land deals that don’t meet certain metrics as the market has shifted, writing off $34 million of… Source link

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Net zero could lead to ‘the largest redeployment of capital in history’: BNY Mellon

Net zero could lead to ‘the largest redeployment of capital in history’: BNY Mellon

The global net-zero goals set out by the Paris Agreement are still within reach — but achieving them will require a $100 trillion investment, according to a new report by BNY Mellon Investment Management and Fathom Consulting. That amount equates to around 15% of all global investment or 3% of global GDP over the next 30 years in order to achieve net zero emissions by 2050 and limit warming to 2 degrees Celsius or below, per the Paris Agreement Accord established in 2015. And the more… Source link

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