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| State of Texas to sue utilities on outrage electricity bills |
3/2/2021 |
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The lawsuit comes days after Texas' power grid manager effectively shut down Griddy by revoking its access to the state's electricity market. Griddy charges $10 a month to give people a way to pay wholesale prices for electricity instead of a fixed rate. But when temperatures plummeted well below freezing last month, wholesale prices spiked and Griddy customers were left with sky-high electricity bills.
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| TSMC’s Q1 revenue to be up by 20% |
3/1/2021 |
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Overall, TSMC’s revenue is expected to rise 25% increase YoY in 1Q21 on the back of demand for 5G, HPC, and automotive applications.
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| Consumer spending up a solid 2.4% |
3/1/2021 |
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America's consumers stepped up their spending by a solid 2.4% in January in a sign that the economy may be making a tentative recovery from the pandemic recession.
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| A Boeing 777 plane made an emergency landing in Moscow |
3/1/2021 |
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Earlier this month, a Boeing 777 operated by United Airlines had to make an emergency landing in Denver after one of its engines blew apart, spewing large chunks of wreckage that landed in neighborhoods and sports fields.
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| 399nm wafers dominates memory production in 2020 |
2/26/2021 |
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There were 28 companies that owned and operated a 300mm wafer fab. Furthermore, the distribution of 300mm wafer capacity among those manufacturers is top-heavy with the five biggest manufacturers controlling about three-quarters (74%) of the global 300mm IC capacity.
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| Fry's Electronics to close its doors |
2/25/2021 |
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The pandemic has done heavy damage to retailers, but Fry's was already getting hammered by online competition and a battle between heavy-hitters Best Buy and Amazon.com.
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| USPS signed contract for new EV postal delivery trucks |
2/25/2021 |
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Oshkosh Defense, a division of Wisconsin-based Oshkosh Corp., will assemble 50,000 to 165,000 of the new Next Generation Delivery Vehicles at its existing U.S. manufacturing facilities. It will get an initial $482 million toward retooling and building out its factory.
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| Huawei unveiled a folding smartphone with an 8-inch wide screen |
2/24/2021 |
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China’s ruling Communist Party has spent billions of dollars trying to build its own chip industry. But domestic producers lack the technology to manufacture chips for Huawei’s most advanced products. “The bigger question is more about how long their current stockpile of components will last them,”
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| Biden to borrow some of Trump's strategy in reshoring and trade negotiations |
2/24/2021 |
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We may see a continuation of some of the policies from the Trump administration, meaning policies that prioritize American business and manufacturing. Biden may also focus on opening China’s state-dominated economy, rather than just on narrowing China’s multibillion-dollar trade surplus with the U.S., which was where the Trump administration predominantly put its' focus.
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| New car prices jumped 6% |
2/24/2021 |
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The price of an average new vehicle jumped 6% between January of last year, before the coronavirus erupted in the United States, and December to a record $40,578, according to data from Edmunds.com.
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| Walmart to invest $14 billion into e-cmmerce |
2/23/2021 |
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Walmart said the investment will be primarily in the US and focus on improving automation utilization and building supply chain capacity to stay ahead of demand and increase productivity.
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| Frigid weather is to blame for rapid rising fuel prices |
2/22/2021 |
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A deep freeze in the Gulf state region and beyond that killed dozens of people, left millions without power and jeopardized drinking water systems also forced as many as 11 refineries offline, according to travel app GasBuddy.
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| Water leak at Fukushima nuclear plant complicates decommission process |
2/22/2021 |
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drop in water levels in the Unit 1 and 3 reactors indicates that the existing damage to their primary containment chambers was worsened by Saturday's magnitude 7.3 quake, allowing more water to leak. The leaked water is believed to have remained inside the reactor buildings and there is no sign of any outside impact.
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| Hyundai/KIA suffered network lost for days |
2/22/2021 |
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In a statement on Thursday, Kia cited “online speculation” that it was hit by ransomware, which scrambles data until a victim pays to have it decoded. “At this time, and based on the best and most current information, we can confirm that we have no evidence that Kia or any Kia data is subject to a ransomware attack,” the company said.
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| New Air Force One to be built with laser and missile defense features |
2/22/2021 |
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A 224’ wingspan includes carbon fiber wing tips angled at 37.5 degrees to produce quicker takeoffs and landings, as well as for accommodating shorter landing strips. The four GE engines will provide 17 percent more power in hitting Mach 1, making Air Force One the fastest passenger jet on the planet.
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| Lordstown Motors to break traditional auto sales protocol |
2/19/2021 |
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Lordstown Motors Corp. hopes state lawmakers will approve the change, which would allow it to get around a rule requiring vehicle sales go through auto dealerships. Proposed legislation is expected to be introduced at the Statehouse within the next few weeks.
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