Surging numbers of COVID-19 cases have forced Chinese leaders to lock down important manufacturing cities including Shenzhen and Changchun. The lockdowns could impact the production of many electronics, including iPhones. The Wall Street Journal reports: A number of manufacturers including Foxconn 2317 -1.46% Technology Group, a major assembler of Apple Inc.’s AAPL +2.82% iPhones, said they were halting operations in Shenzhen in compliance with the local government’s policy. The government placed the city into lockdown for at least a week and said everyone in the city would have to undergo … [Read more...]
Bipartisan Criticism Kills Biden’s Venezuelan Oil Gambit
Senators from both Republican and Democratic Parties have come out to criticize the Biden administration for its attempt to open up Venezuelan oil supplies to America while President Nicolás Maduro runs the country. Gideon Long and Michael Stott report for the Financial Times: The Biden administration saw the Ukraine crisis as an opportunity to re-engage with Nicolás Maduro’s authoritarian regime in Venezuela, hoping to secure alternative oil supplies and prise away a key Moscow ally. But after news leaked of a secret mission to Caracas by three top White House officials, sparking a … [Read more...]
THE JONES ACT: The Reason America Buys Russian Oil
Americans don't use Russian oil because it makes economic sense, they use it because bad policies have made American oil for American consumers make less sense. Chief among these bad policies is the Jones Act, which strangles the ability of American oil producers to get their product to consumers in the same country. At Cato Institute, Colin Grabow explains: With imports of Russian oil (as well as coal and natural gas) now banned, the country’s refineries must decide on alternative sources. The good news is that there are U.S. grades of crude oil well‐suited for refineries on the East and … [Read more...]
Microsoft on the Front Lines of Cyberwarfare
As Russian tanks rolled into Ukraine, so did its cyberwarfare. Anticipating Russia’s actions, Microsoft’s Threat Intelligence Center was already on high alert when it noticed a never-before-seen piece of malware called “Wiper” aimed at Ukraine’s government sites and financial institutions. Within hours Microsoft was able to roll out a patch to block the code which erases or “wipes” the data from computers. David Sanger, Julian Barnes, and Kate Conger of Boston.com write (abridged): Last Wednesday, a few hours before Russian tanks began rolling into Ukraine, alarms went off inside Microsoft’s … [Read more...]
As US-Russia Tensions Push Oil Higher, Drillers Rediscover Shale Basins
With economies recovering from the pandemic, and tensions between Russia and the United States pushing oil prices higher than they already were, shale drillers are taking another look at basins they had abandoned when the pandemic hit. Collin Eaton reports for The Wall Street Journal: Spurred by the highest oil prices in years, shale companies are moving drilling rigs back into oil fields that were all but abandoned a few years ago. Private oil producers are leading an industry return to places like the Anadarko Basin of Oklahoma and the DJ Basin in Colorado, where drilling had almost … [Read more...]
FEAR: Gold Prices Surge on Potential Russia-Ukraine War
As tension in Ukraine hits extreme levels, investors are heading for the safety they see in gold. Suzanne O'Halloran reports for Fox Business that gold prices have spiked to a nine-month high in response to the risk of war. She writes: Nervous investors, spooked by a Russian-Ukraine conflict, barreled into gold on Thursday, driving the price to a level not seen since June of 2021: $1,900.70 and upward momentum may continue, aiding the SPDR Gold ETF. "Gold has key resistance around the $1920 to $1930 zone, but if the [safe] haven bid remains strong, bullish momentum could support a move … [Read more...]
SIMPLISTIC AND MISLEADING: Obama Official Calls Out Joe Biden’s Economic Assessment
Steven Rattner, a former economic counselor to the Obama administration, best known as the "car czar," for his role in handling the bankruptcies of GM and Chrysler, has slammed Joe Biden's recent economic assessment as "simplistic and misleading." The Daily Caller reports: Former Obama administration economic official Steven Rattner pushed back on President Joe Biden’s explanation of the causes of the inflation crisis in an op-ed Thursday for The New York Times, blaming the federal government’s enthusiastic spending. Referring to an interview with NBC’s Lester Holt, in which the president … [Read more...]
Orders for Manufacturing Tech Hit All-Time High
Last year, orders for manufacturing technologies hit a new record, according to the Association for Manufacturing Technology. In 2021, manufacturers purchased an all-time high of $5.9 billion worth of manufacturing technology. Industry Week reports: According to AMT, the later half of the year in particular saw orders increase dramatically. August through December 2021, the association reported, saw a streak of orders breaking $500 million each month, the first such five-month streak on the agency’s records. In total, the $5.9 billion spent on manufacturing technology in 2021 was more $2 … [Read more...]
Elon Musk Has Been Vocal About Freedom, But Is Still Putting a Tesla Design Center in China
The amount of pro-freedom messaging coming from Elon Musk's Twitter feed lately has been a welcome sight, but his decision to put a Tesla design center in Beijing makes his position puzzling. Yang Jie discusses Tesla's plans in The Wall Street Journal, writing: Tesla Inc. TSLA +4.35% is placing a design center in China’s capital, according to a Beijing government document. The electric-car maker had said it would build a design-and-engineering center to develop China-designed vehicles for the global market, but hadn’t said where the center would be. A list of key projects in the Beijing … [Read more...]
New MIT Super Material Could Revolutionize Industries
MIT scientists have developed a new super material that is both stronger than steel and as light as plastic. Study Finds reports: Scientists at MIT have developed a material that is as light as plastic — but stronger than steel. They believe the material could revolutionize the car, mobile phone and building industries. The easily manufactured substance – up to six times more difficult to break than bulletproof glass – is the result of an engineering feat previously thought to be impossible. It is a two-dimensional polymer that self-assembles into sheets, unlike all other polymers, which … [Read more...]
- « Previous Page
- 1
- …
- 4
- 5
- 6
- 7
- 8
- …
- 116
- Next Page »