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| U.S. manufacturing technology orders retreated |
6/9/2020 |
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Technology orders decreased 26 percent in April from the previous month to $225.8 million, the lowest monthly total since May 2010, according to the latest U.S. Manufacturing Technology Orders report.
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| A fire destroyed Amazon warehouse in California |
6/9/2020 |
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A half-dozen fire departments were unable to stop flames from destroying the sprawling structure in Redlands, about 60 miles (96 kilometers) east of Los Angeles. The nearby Interstate 10 freeway was shut down temporarily as flames shot high into the air.
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| BP to part 10,000 and cut Capex by 25% |
6/9/2020 |
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The cuts will affect office-based roles in BP's global workforce of 70,000 people and come mostly this year. The changes are expected to significantly affect senior levels, cutting the number of group leaders by a third.
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| U.S. is set to sanction Chinese chip makers |
6/8/2020 |
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The US will, starting September, impose a new rule blocking global companies from using American-made technology or software to design or manufacture chips for Huawei and its affiliates to thwart China's 5G development and hinder China from building its own integrated IC supply chain.
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| Broadcom hints delay of new iPhone |
6/8/2020 |
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This time, the executive said the delay will mean the bump in wireless revenue experienced by Broadcom will happen one quarter later than usual this year.
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| FedEx raise delivery charges |
6/8/2020 |
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The temporary surcharges include a 40 cent fee per package for the FedEx SmartPost packages; $30 per package for Oversize US domestic FedEx Express and FedEx Ground packages; and 30 cents per package for US domestic residential FedEx Express and FedEx Ground packages.
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| 2.5 million job added, U.S. unemployment rate fell to 13.3% |
6/8/2020 |
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Other evidence has also shown that the job market meltdown triggered by the coronavirus has bottomed out. The number of people applying for unemployment benefits has declined for nine straight weeks. And the total number of people receiving such aid has essentially leveled off.
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| U.S. services sector shrank for a second month |
6/5/2020 |
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The Institute for Supply Management said Wednesday that its service sector index stood at 45.4 last month, up slightly from an April reading of 41.8. Any reading below 50 signals that the service sector, where the majority of Americans work, is in contraction.
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| Wipes and masks plugged sewer systems |
6/5/2020 |
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U.S. Environmental Protection Agency — have issued pleas as wastewater plant operators report a surge of stopped-up pipes and damage to equipment.
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| 20,000 tons of diesel fuel spilled in Siberia |
6/5/2020 |
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he spill took place Friday at a power plant in an outlying section of the city of Norilsk, 2,900 kilometers (1,800 miles) northeast of Moscow. Booms were laid in the Ambarnaya River to block the fuel; the river feeds a lake from which springs another river that leads to the environmentally delicate Arctic Ocean.
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| April chip sales up y-o-y |
6/4/2020 |
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April semiconductor sales were down 1.2% on March at $34.4 billion but 6.2% up on the $32.4 billion of April 2019, says the SIA.
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| New data on remdesivir proven to relieve COVID-19 symptoms |
6/3/2020 |
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Remdesivir is the only treatment that’s been shown in a rigorous experiment to help fight the coronavirus. A large study led by the National Institutes of Health recently found it could shorten average recovery time from 15 days to 11 days in hospitalized patients with severe disease.
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| Virus could trim GDP by $15.7 Trillion |
6/3/2020 |
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new estimate said that over the 2020-2030 period, total GDP output could be $15.7 trillion lower than CBO had been projecting as recently as January. That would equal 5.3% of lost GDP over the coming decade.
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| Engineers made transistor to sustain 8,000 volts |
6/2/2020 |
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The transistor could lead to smaller and more efficient electronic systems that control and convert electric power -- a field of study known as power electronics -- in electric cars, locomotives and airplanes. In turn, this could help improve how far these vehicles can travel.
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| U.S. food prices jumped |
6/2/2020 |
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Overall, the cost of food bought to eat at home skyrocketed by the most in 46 years, and analysts caution that meat prices in particular could remain high as slaughterhouses struggle to maintain production levels while implementing procedures intended to keep workers healthy.
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| Manufacturing PMI improved slightly |
6/2/2020 |
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Economic activity in the manufacturing sector contracted in May, and the overall economy returned to expansion after one month of contraction.
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| Coronavirus pandemic has scraped plans to iimport Chinese-designed cars |
6/1/2020 |
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HAAH Automotive Holdings, based in Irvine, Calif., had reached agreements with two Chinese automakers — Zotye and Chery — to bring their vehicles across the Pacific. HAAH hoped to import Zotye vehicles into the U.S. beginning this year, but the company’s CEO told Automotive News that the outbreak hammered Zotye sales in its native China — and prompted the automaker to halt expansion plans until its finances are settled.
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