Supply Crunch
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Cisco Beats Profit Estimates as Positive Sales Forecast Hints at Easing Supply Chain Shortages
Cisco on Wednesday announced a positive forecast for first-quarter sales, suggesting that networking equipment makers have started overcoming the component crunch that had kept them from tapping a post-pandemic revival in digital infrastructure spending. The company expects current-quarter revenue to rise between 2 percent and 4 percent, while ana...
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Over 5 Million In Soutwest China Face Power Cuts Amid Heatwave
More than five million people in southwest China were facing rolling power cuts Wednesday as a heatwave creates an electricity supply crunch that has forced factories to stop work.
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Volkswagen To Develop New Semiconductor With STMicro Amid Chip Crunch
Volkswagen and Franco-Italian chipmaker STMicroelectronics will co-develop a new semiconductor amid a global microchip crunch that has strained the car industry's supply chain.
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Toyota Warns Profit To Skid 20% As Raw Materials Costs Pile Up
Toyota Motor warned "unprecedented" hikes in raw material costs could slice a fifth off full-year profit, a clear sign the world's top automaker by sales can no longer shrug off the supply-chain crunch that has roiled the global industry.
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Oil Falls 2.5% As U.S. Refiners Ramp Up Output, Equities Retreat
Oil prices fell 2.5% on Wednesday, reversing early gains as traders grew less worried about a supply crunch after government data showed U.S. refiners ramped up output, and as crude futures followed Wall Street lower.
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Russia Limits Exports Of Noble Gases, A Key Ingredient For Making Chips
Russia's export curbs could worsen the supply crunch in the global chips market. Ukraine was one of the world's largest suppliers of noble gases until it suspended production at its plants in the cities of Mariupol and Odesa in March.
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How A Cheap Component Could Help Kill Off Combustion Cars
The supply crunch could accelerate the plans of some legacy auto firms to switch to a new generation of lighter, machine-made harnesses designed for electric vehicles, according to interviews with more than a dozen industry players and experts.
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Oil Falls 2.5% As U.S. Refiners Ramp Up Output, Equities Retreat
Oil prices fell 2.5% on Wednesday, reversing early gains as traders grew less worried about a supply crunch after government data showed U.S. refiners ramped up output, and as crude futures followed Wall Street lower.
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Oil Falls 2.5% As U.S. Refiners Ramp Up Output, Equities Retreat
Oil prices fell 2.5%, reversing early gains as traders grew less worried about a supply crunch after government data showed U.S. refiners ramped up output, and as crude futures followed Wall Street lower.
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India’s Power Grid Faces Increased Supply Demand Amid Hybrid Work Model, Harsh Heatwave
India is witnessing increased power demand patterns amid a heatwave and the country's worst blackouts in years. India has traditionally seen peak demand late in the evening when people head back home. However, it has now shifted to mid-afternoon when temperatures are hottest, government data shows, driven by record residential daytime use.
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Apple Posts Record Earnings with $97 Billion Revenue, Expects Slowdown in Next Quarter
Apple reported strong quarterly results despite supply shortages, but warned that its growth slowdown is likely to deepen. The company said it's still struggling to get enough chips to meet demand and contending with COVID-related shutdowns at factories in China that make iPhones and other products.
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Oil Hits 7-Year Peak On Political Risks, Supply Crunch
Brent futures rose 69 cents to settle at $90.03 a barrel, after hitting $91.70, the highest level since October 2014. U.S. crude closed 21 cents higher at $86.82 per barrel, after hitting a seven-year peak of $88.84 during the session.
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Infineon CEO Says Chip Supply To Remain Tight In 2022
Speaking at the Handelsblatt Automotive Summit, Chief Executive Reinhard Ploss said that vehicle production and chip supply could be balanced by the third quarter.
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Nissan Expects Chip, Parts Crunch To Extend Until At Least Mid-2022
Nissan expects global supply chain constraints and the sector-wide semiconductor shortage to continue until at least the middle of 2022.
-
Oil Hits 7-Year Peak On Political Risks, Supply Crunch
Brent futures rose 69 cents to settle at $90.03 a barrel, after hitting $91.70, the highest level since October 2014. U.S. crude closed 21 cents higher at $86.82 per barrel, after hitting a seven-year peak of $88.84 during the session.
-
Cisco Beats Profit Estimates as Positive Sales Forecast Hints at Easing Supply Chain Shortages
Cisco on Wednesday announced a positive forecast for first-quarter sales, suggesting that networking equipment makers have started overcoming the component crunch that had kept them from tapping a post-pandemic revival in digital infrastructure spending. The company expects current-quarter revenue to rise between 2 percent and 4 percent, while ana...
-
Over 5 Million In Soutwest China Face Power Cuts Amid Heatwave
More than five million people in southwest China were facing rolling power cuts Wednesday as a heatwave creates an electricity supply crunch that has forced factories to stop work.
-
Volkswagen To Develop New Semiconductor With STMicro Amid Chip Crunch
Volkswagen and Franco-Italian chipmaker STMicroelectronics will co-develop a new semiconductor amid a global microchip crunch that has strained the car industry's supply chain.
-
Toyota Warns Profit To Skid 20% As Raw Materials Costs Pile Up
Toyota Motor warned "unprecedented" hikes in raw material costs could slice a fifth off full-year profit, a clear sign the world's top automaker by sales can no longer shrug off the supply-chain crunch that has roiled the global industry.
-
Oil Falls 2.5% As U.S. Refiners Ramp Up Output, Equities Retreat
Oil prices fell 2.5% on Wednesday, reversing early gains as traders grew less worried about a supply crunch after government data showed U.S. refiners ramped up output, and as crude futures followed Wall Street lower.
-
Russia Limits Exports Of Noble Gases, A Key Ingredient For Making Chips
Russia's export curbs could worsen the supply crunch in the global chips market. Ukraine was one of the world's largest suppliers of noble gases until it suspended production at its plants in the cities of Mariupol and Odesa in March.
-
How A Cheap Component Could Help Kill Off Combustion Cars
The supply crunch could accelerate the plans of some legacy auto firms to switch to a new generation of lighter, machine-made harnesses designed for electric vehicles, according to interviews with more than a dozen industry players and experts.
-
Oil Falls 2.5% As U.S. Refiners Ramp Up Output, Equities Retreat
Oil prices fell 2.5% on Wednesday, reversing early gains as traders grew less worried about a supply crunch after government data showed U.S. refiners ramped up output, and as crude futures followed Wall Street lower.
-
Oil Falls 2.5% As U.S. Refiners Ramp Up Output, Equities Retreat
Oil prices fell 2.5%, reversing early gains as traders grew less worried about a supply crunch after government data showed U.S. refiners ramped up output, and as crude futures followed Wall Street lower.
-
India’s Power Grid Faces Increased Supply Demand Amid Hybrid Work Model, Harsh Heatwave
India is witnessing increased power demand patterns amid a heatwave and the country's worst blackouts in years. India has traditionally seen peak demand late in the evening when people head back home. However, it has now shifted to mid-afternoon when temperatures are hottest, government data shows, driven by record residential daytime use.
-
Apple Posts Record Earnings with $97 Billion Revenue, Expects Slowdown in Next Quarter
Apple reported strong quarterly results despite supply shortages, but warned that its growth slowdown is likely to deepen. The company said it's still struggling to get enough chips to meet demand and contending with COVID-related shutdowns at factories in China that make iPhones and other products.
-
Oil Hits 7-Year Peak On Political Risks, Supply Crunch
Brent futures rose 69 cents to settle at $90.03 a barrel, after hitting $91.70, the highest level since October 2014. U.S. crude closed 21 cents higher at $86.82 per barrel, after hitting a seven-year peak of $88.84 during the session.
-
Infineon CEO Says Chip Supply To Remain Tight In 2022
Speaking at the Handelsblatt Automotive Summit, Chief Executive Reinhard Ploss said that vehicle production and chip supply could be balanced by the third quarter.
-
Nissan Expects Chip, Parts Crunch To Extend Until At Least Mid-2022
Nissan expects global supply chain constraints and the sector-wide semiconductor shortage to continue until at least the middle of 2022.
-
Oil Hits 7-Year Peak On Political Risks, Supply Crunch
Brent futures rose 69 cents to settle at $90.03 a barrel, after hitting $91.70, the highest level since October 2014. U.S. crude closed 21 cents higher at $86.82 per barrel, after hitting a seven-year peak of $88.84 during the session.
