Tag Archives: Worsen

LA freight train looting 'out of control' as thieves worsen supply chain bottlenecks – Yahoo Finance

The scene in Southern California resembles a disaster movie — only it’s not.  Thousands of boxes littering Union Pacific (UNP) train tracks in downtown Los Angeles attest to a wave of rail thefts that have taken place in recent months — worsening supply chain bottlenecks and creating endless delays for consumers and merchants that likely cost millions, if not more.  L.A. has been a hub of major shipping woes in recent months, with the ports of Los Angeles and Long Beach a prominent fixture… Source link

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Google sets new water goals as droughts worsen

With drought sucking the Western US dry, Google announced new plans to protect vital water resources. Google guzzles up water to cool its data centers, three of which are in the drought-stricken West. To offset its thirst, the company said that by 2030, it wants to replenish 120 percent of the water it consumes. Google guzzles up water to cool its data centers, three of which are in the drought-stricken West Google laid out three strategies to accomplish that goal: using water more… Source link

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Gold Stalls as UBS Tells Buyers ‘Get Out’ Before Losses Worsen

(Bloomberg) — Gold slipped after finishing strongly last week, with UBS Group AG warning investors to rethink their bullion holdings as the global economy recovers and the greenback strengthens into next year. Bullion had been clawing back some ground over the past week after better-than-expected U.S. jobs data sent prices tumbling on bets the Federal Reserve may start paring back massive monetary stimulus soon. This week, investors will parse through a speech by Chair Jerome Powell, as well… Source link

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Alibaba Antitrust Fears Worsen China’s Internet Selloff

(Bloomberg) — Alibaba Group Holding Ltd. led a selloff in Chinese tech giants triggered by fears antitrust scrutiny will spread beyond Jack Ma’s Internet empire and ensnare more of the country’s most powerful corporations. China’s e-commerce leader on Monday raised a proposed stock repurchase program by $4 billion to $10 billion, effective for two years through the end of 2022. The buyback program, which began this quarter, failed to stem a slump in the shares, which slid more than 5%… Source link

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