Topic

Invest News

A collection of 564 issues

U.S. gasoline demand falls for third straight week

High gasoline prices are cooling demand for gasoline, contrary to the seasonal behavior of drivers. According to the U.S. Energy Information Administration, weekly demand is holding steady at 4 percent below the same period in 2019. Prices have fluctuated above $4.20 a gallon since hitting a record high

Volkswagen may become the new owner of Huawei's drone business

Volkswagen is negotiating the acquisition of Huawei's robot car division, which is engaged in the development of robot cars. Due to this deal, the German automaker will be able to acquire a partner in the Chinese car market, which is one of the largest for it. The concern

Boston Dynamics negotiated first shipments of its warehouse robots - $15 million deal with DHL

The robots will work in DHL warehouses in North America. International express delivery company DHL has become the first customer for Stretch robots. The companies entered into a multi-year agreement - DHL will pay $15 million and Boston Dynamics will supply robots to its warehouses. How many robots will get

Meta started looking for a buyer for its Diem cryptocurrency project - Bloomberg Regulators from 2020 insist that the company stop developing the project.

Diem Association wants to sell its assets to return money to investors, Bloomberg writes, citing sources close to the negotiations. They said Diem is in discussions with investment bankers to sell intellectual property and find new jobs for its developers. Meta owns a third of the company, one of the

Oil and corn lobby united against Biden's plan to create electric cars

Lawmakers supporting the oil and bioethanol industry have joined forces to oppose the Biden administration's plan to create electric cars. Lawmakers say the plan would make the United States dangerously dependent on China, as well as jeopardize its climate change goals. The White House's push to

Microsoft revenue for the quarter increased by 20%, to $51.7 billion, net income - 21%, to $18.8 billion.

Most of it came from cloud services. The company's total revenues for the second quarter of its fiscal year rose 20% from a year ago and net income rose 21%. This was higher than analysts' forecasts, CNBC reports. Microsoft Intelligent Cloud revenue, which includes Azure, GitHub, Windows

Europe will not be able to receive oil and gas from Russia if Russia is disconnected from SWIFT - Deputy Speaker of the Federation Council

European countries will not be able to receive oil, gas and metals from Russia if Russia is disconnected from the international banking system SWIFT, Federation Council Vice Speaker Nikolai Zhuravlev told TASS on Tuesday. Earlier, British Prime Minister Boris Johnson said the country's government is discussing with the

Economists cite two main causes of stagflation.

Economists cite two main causes of stagflation. First, stagflation can be caused by a drop in production due to a sudden change in the price of a commodity that is important to the economy (a so-called price shock). For example, it can be a sharp increase in the price of

Cryptocurrency stocks fell along with bitcoin

The digital token lost 50% from its November 2021 high Bitcoin fell to a new six-month low on Monday, pushing the token 50% below its November peak and crashing cryptocurrency market-related stocks. During the European session, the digital coin plunged 9% to $33307, the lowest since mid-July. While bitcoin remains

Hospital robot developer Expper Technologies raises $2 million from AngelsDeck and others

Starta Capital, Liqvest, Healthcare Equity Angels and AiSprouts VC invested the money, the company said. Expper Technologies will use the money it raises to develop its Robin medical robot assistant technology and expand its team in the U.S. Expper Technologies' Robin medical assistance robot. Photo from the official