|
 |
|
| Mexico to reopen essential industries |
5/14/2020 |
|
Mexico’s top advisory body on the coronavirus pandemic said Tuesday it has issued guidelines that would allow for the re-opening of construction, mining, and car and truck manufacturing.
|
|
|
| Month-to-month consumer price index fell |
5/13/2020 |
|
The widespread business shutdowns, reduced travel and shrunken consumer spending that the virus has caused have likely sent the U.S. economy into a severe recession. The resulting drop in economic activity is exerting a powerful downward force on prices throughout the economy.
|
|
|
| Qualcomm has introduced Snapdragon 768G 5G chip |
5/12/2020 |
|
It has improved GPU performance and 20% higher CPU power than the previous model. There are also rumors that the upcoming Google Pixel 5 may be the first one to get this highly-powered processor.
|
|
|
| China’s direct investment in the United States dropped to the lowest |
5/12/2020 |
|
A report out Monday from the National Committee on U.S.-China Relations and the Rhodium Group consultancy found that China’s direct investment in the U.S. dropped from $5.4 billion in 2018 to $5 billion last year, the lowest level since the recession year of 2009.
|
|
|
| Intel is talking to Trump about building a new semiconductor plant on shore |
5/12/2020 |
|
A spokesman for Intel, the biggest American chip maker, said Sunday that the company is in discussions with the Defense Department about improving domestic technology sources. Spokesman William Moss said Santa Clara, California-based Intel is well-positioned to work with the government “to operate a U.S.-owned commercial foundry.”
|
|
|
| Macronix to ship 3D NAND this year |
5/11/2020 |
|
Macronix' 3D NAND flash memory will be targeted at niche-market applications in the short term to avoid direct competition with international memory vendors.
|
|
|
| 3M to produce 95 million N95 mask per month |
5/11/2020 |
|
3M has invested over $80 million in ramping up N95 respirator production since the outbreak began in January. Those investments and actions, along with these contracts, will enable the company to nearly double its current capacity again to 2 billion respirators globally by the end of the year.
|
|
|
| 33 million in the U.S. has sought unemployment help |
5/8/2020 |
|
Roughly 33.5 million people have now filed for jobless aid in the seven weeks since the coronavirus began forcing millions of companies to close their doors and slash their workforces. That is the equivalent of one in five Americans who had been employed back in February, when the unemployment rate had reached a 50-year low of just 3.5%.
|
|
|
| LG chemical leak at India plant killed 11 |
5/8/2020 |
|
The synthetic chemical styrene leaked from the LG Polymers plant in a city on India's eastern coast while workers were preparing to restart the facility after a coronavirus lockdown was eased, state official Vinay Chand said. A fire that broke out before the gas leak was extinguished, and police said the gas leak was later halted and the air had cleared.
|
|
|
| Elon Musk awarded $730 million Tesla stock options |
5/8/2020 |
|
The electric car maker ended Wednesday with an average market value of $100.4 billion for the past six months, according to data drawn from FactSet Research. That was the final hurdle that Tesla needed to clear for Musk to receive nearly 1.69 million stock options priced at $350.02. Tesla's stock closed at $782.58 Wednesday, translating into a pre-tax gain of about $730 million.
|
|
|
| China plans to complete space station by 2022 |
5/7/2020 |
|
China earlier launched an experimental space station that later crashed back through the atmosphere, and plans to build a larger facility with multiple modules to rival the scale of the International Space Station.
|
|
|
| BMW told shareholders to brace for profit loss |
5/7/2020 |
|
The company said it expected earnings to deteriorate during the first half of this year due to the coronavirus lockdowns and predicted the entire auto industry would be held back by the outbreak “for quite some time to come.”
|
|
|
| State of California : Uber and Lyft mis-classified their drivers as independent contractors |
5/7/2020 |
|
Attorney General Xavier Becerra and the city attorneys of Los Angeles, San Diego and San Francisco announced the lawsuit Tuesday. The labor law, known as AB5 and considered the nation's strictest test, took effect Jan. 1 and makes it harder for companies to classify workers as independent contractors instead of employees who are entitled to minimum wage and benefits such as workers compensation.
|
|
|
| General Motors quarterly profit down 88% |
5/7/2020 |
|
U.S. automakers suspended production in much of the world in late March. For GM, that clipped revenue for the quarter by 6%, to $32.7 billion, but that's not as bad as industry analysts had been expecting. Shares jumped 6.3% Wednesday.
|
|
|
| World wild server shipment to rebounce |
5/6/2020 |
|
Server shipments are expected to see a 15.8% rebound in the second quarter as orders for servers continue picking up thanks to deferred orders from the first quarter and rising demand for cloud computing services partly driven by remote work and learning needs, Digitimes Research's figures show.
|
|
|
| DRAM contract prices rose 18% m-o-m |
5/6/2020 |
|
PC demand was solid on higher demand for telecommuting and online education services. Digitimes is estimating that 2Q20 global notebook PC demand will climb 40% q-o-q.
|
|
|
| World leaders pledged $8 billion for vaccine research |
5/6/2020 |
|
The funds, pledged at a video-conference summit hosted by the European Union, fell marginally short of the 7.5 billion euros being sought, but more money could arrive in coming days. Notably absent from the event was the United States, where more than 67,000 people have died, and Russia.
|
|
|
|
