WASHINGTON (AP) — The U.S. supply of computer chips has fallen to alarmingly low levels, raising the prospect of factory shutdowns, the Commerce Department reported Tuesday. Companies that use semiconductors are down to less than five days of inventory — a sharp drop from 40 days in 2019, according to a department survey of 150…
THE HAGUE, Netherlands (AP) — Prime Minister Mark Rutte further eased the Netherlands’ coronavirus lockdown, allowing bars, restaurants, museums, theaters and other venues to reopen from Wednesday for the first time this year. But Rutte warned that the move wasn’t without risks. “We are taking a big step today to unlock the Netherlands while the…
Rihanna is backing her belief that climate change is a social-justice issue by pledging $15 million to the movement through her Clara Lionel Foundation. The “We Found Love” singer on Tuesday announced the donation to 18 climate justice organizations doing work in seven Caribbean nations and the United States. They include the Climate Justice Alliance,…
DENVER (AP) — The sight can be jarring during extreme drought: snowmaking guns lined up on a mountainside, blasting precious crystal flakes on a ski run while the rest of the land goes thirsty. Snowpack in the U.S. West has decreased by about 20% in the last century, making man-made snow more vital each year…
SILVER SPRING, Md. (AP) — U.S. consumer confidence declined this month as persistent inflation and the highly-contagious omicron variant of the coronavirus dinged the optimism of Americans. The Conference Board, a business research group, said Tuesday that its consumer confidence index — which takes into account consumers’ assessment of current conditions and the their outlook…
(Reuters) – Hess Corp said on Tuesday it expects 2022 capital budget for production to rise 37% as the oil company looks to focus on its operations in Guyana and the U.S. Bakken shale basin. A more than 50% rise in global crude prices in the past year to above $86 a barrel is expected…
Markets have been on a wild ride in 2022. Tech has been burned as investors move out of growth names. However, there is one tech name that provides an opportunity in this environment. International Business Machine (IBM) posted its Q4 earnings Monday night. The results were encouraging, and the company’s free cash flow and revenue…
By Elizabeth Howcroft LONDON (Reuters) – European stocks picked up on Tuesday but Wall Street futures were down amid nervousness about tensions between Russia and the West and the prospect of the U.S. Federal Reserve tightening monetary policy soon. Those two factors combined have put world stocks on course for their biggest monthly drop since…
(Refiles to remove media from headline) TOKYO (Reuters) -Toyota Motor Corp plans to produce a record 11 million cars in fiscal 2022, according to a person familiar with the matter. Hitting that production target would depend on a stable supply of chips, the person said. The Nikkei newspaper earlier reported on the production plan. A…
Credit card company American Express said Tuesday that its fourth-quarter profits rose 20% from a year earlier, as eager consumers spent record levels of money during the holiday season on the company’s namesake cards. AmEx posted a profit of $1.72 billion, or $2.18 a share, up from $1.44 billion, or $1.76 a share, a year…
