Tag Archives: Power

China’s Power Crunch Is Next Economic Shock Beyond Evergrande

(Bloomberg) — China may be diving head first into a power supply shock that could hit Asia’s largest economy hard just as the Evergrande crisis sends shockwaves through its financial system. Most Read from Bloomberg The crackdown on power consumption is being driven by rising demand for electricity and surging coal and gas prices as well as strict targets from Beijing to cut emissions. It’s coming first to the country’s mammoth manufacturing industries: from aluminum smelters to… Source link

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Millennials will power a bull market in stocks for decades: Ark Invest’s Cathie Wood

Cathie Wood tells Yahoo Finance Live that just like baby boomers have heavily influenced the stock market for decades, their children — aka millennials — will be equally if not more important to the investing landscape in the decades to come. And that is one reason why the closely followed Ark Invest founder and CEO is staying long-term bullish on stocks.  “This is the echo of the baby boom,” said Wood on the rise of millennial investors, notably in 2021. Wood referenced research that… Source link

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Best Buy proving that work from home life has changed its earnings power maybe forever

By this point in the COVID-19 pandemic, Best Buy was supposed to be headed back to the days of Best Buy of old — reasonable levels of sales and earnings growth as people bought tech gear only when really needed or around a cool product launch.  But that hasn’t happened, actually quite the contrary.  With work life likely changed forever because of the pandemic — at the very least well into 2022 judging by pushed out return-to-office dates from the likes of Apple and others — Best Buy… Source link

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Google gives Pixel 4 XL an extra year of free repairs for power issues

If your out-of-warranty Pixel 4 XL has been exhibiting some problems, you might be able to get a free repair. Google recently posted a support page outlining a “one-year extended repair program” for the larger of its two 2019 flagships. Those who are eligible can receive a free repair for up to a year after their original warranty expires. As for who’s covered by this program, Google points to “certain power-related issues.” More specifically, the company says these are the… Source link

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Rozenstruik KOs Sakai with late power combo

Everything that is great about heavyweight fighting and everything that is wrong with it was on display in the opening five minutes of the main event of UFC Vegas 28 on Saturday between Jairzinho Rozenstruik and Augusto Sakai. For more than four minutes at Apex, the two big men circled each other cautiously, their right hands cocked but rarely coming out of the holster. That was the bad part. But then, when Rozenstruik heard the clapper to signify 10 seconds were left in the round. He exploded… Source link

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Germany Targets Google Market Power in Expansion of Tech Rules

Germany’s competition regulator is investigating whether Google is dominant enough to be subject to the country’s new digital-competition law, broadening its efforts to brandish new powers against companies including Amazon.com Inc. and Facebook Inc. Germany’s Federal Cartel Office said Tuesday that it has opened a probe into whether Google, the main unit of Alphabet Inc., is of “paramount significance for competition across markets.” That… Source link

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Plug Power Receives Expected Notice from Nasdaq

TipRanks Fisker vs. Nikola: Which EV Startup Stock Is Primed For Upside In 2021? Electric vehicles (EVs) are proving to be an increasingly popular mode of transportation in different countries, including the United States, for their concept of clean energy and zero emissions. The U.S. Government has also been pushing for their adoption, fueling a rise in EV sales. According to a Bloomberg New Energy Finance report from last year, sales of EVs are expected to account for 10% of all passenger… Source link

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Plug Power Completes Restatement of Previously Issued Financial Statements and Files 2020 Annual Report

As Anticipated, No Impact on Cash Position, Business Operations or Economics of Commercial Arrangements No Change to Gross Billings; Company Reaffirms Previously Disclosed Annual Gross Billings Targets Plug Power Remains Well-Positioned to Leverage Industry Leadership and Capture MeaningfulShare of the $10T Hydrogen Economy Company to Host Conference Call at 8:30 am ET Today LATHAM, N.Y., May 14, 2021 (GLOBE NEWSWIRE) — Plug Power Inc. (“Plug Power” or the “Company”) (NASDAQ: PLUG), a… Source link

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Tarik Cohen’s brother dies at North Carolina power station

Police believe that Tarik Cohen‘s brother was electrocuted while climbing electrical equipment. (Randy Litzinger/Icon Sportswire via Getty Images) The twin brother of Chicago Bears running back Tarik Cohen was found dead at a North Carolina electrical substation on Sunday.  Police say that a Duke Energy employee found Tyrell Antar Cohen’s body at a substation near Raleigh early Sunday morning. Wake County sheriff’s spokesman Eric Curry said that Cohen is believed to have been electrocuted… Source link

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Arlington company to provide carbon-free power for Google data centers

Arlington-based AES Corp. has signed an agreement to supply electricity to power Google’s data centers in Virginia with carbon-free energy. Arlington, Virginia-based AES Corp. has signed an agreement to supply electricity to power Google’s data centers in Virginia with carbon-free energy. Financial terms of the 10-year supply contract weren’t disclosed, but AES said it will require about $600 million of investment and generate 1,200 jobs, both permanent and… Source link

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