Frackers Increase Spending but See Limited Gains
U.S. oil and gas producers raked in profits last year, but inflation and inventory cloud their 2023 prospects. Source link
Output/Production
Chips Are the New Oil and America Is Spending Billions to Safeguard Its Supply
Only in the past two years has the U.S. fully grasped that semiconductors are now as central to modern economies...
Boeing Boosts Annual Orders and Deliveries, but Still Lags Behind Airbus
The closely followed race comes after decades of Boeing’s almost-uninterrupted dominance of the commercial aircraft market. Source link
WSJ News Exclusive | DEA Pressed ADHD-Drug Makers About Impact of Telehealth Firms on Surging Demand
The Drug Enforcement Administration told makers of medication for attention-deficit hyperactivity disorder that it was concerned that “aggressive marketing practices”...
Exxon Holds Firm on Its Five-Year Spending Outlook
The oil company is resisting the Biden administration’s call for more investment to expand production and curb pump prices. Source...
Apple Makes Plans to Move Production Out of China
In recent weeks, Apple Inc. has accelerated plans to shift some of its production outside China, long the dominant country...
Foxconn Plans to Invest $170 Million in EV Truck Maker Lordstown Motors
BusinessAutos & TransportationAutos IndustryThe startup plans to use the funds to hire engineers, and will develop an electric vehicle with...
Frackers Say Oil Production Slowing in the Shale Patch
U.S. oil-and-gas companies offer little relief for tight global market. Source link
Exxon Improperly Fired Scientists Suspected of Sharing Information, Labor Department Finds
The Labor Department said it found Exxon Mobil Corp. XOM -1.01% illegally fired two company scientists over suspicions they shared...
As More Cars Hit Dealership Lots, Buyers Feel Pinch of Rising Interest Rates
More new cars and trucks are finally trickling into dealerships as supply-chain troubles ease and auto makers increase factory output....
OPEC+ to Weigh Production Cut to Bolster Oil Prices
OPEC+ is set to consider Wednesday its most drastic reduction of production since the pandemic began in order to help...
WSJ News Exclusive | Ford’s Latest Supply-Chain Problem: a Shortage of Blue Oval Badges
Ford F -3.60% Motor Co. has delayed deliveries of certain vehicles because it didn’t have the blue oval badges that...
OPEC+’s Warning Shot
Updated Sept. 5, 2022 5:30 pm ET Russia is using natural gas to punish Europe. Oil hasn’t yet been similarly...
Russia to Keep Nord Stream Pipeline Shut, Citing Mechanical Problems
Russia indefinitely suspended natural gas flows to Europe via a key pipeline hours after the Group of Seven agreed to...
Target’s Profit Sinks as Retailer Unloads Unwanted Inventory
A glut of inventory sank profit at Target Corp. further than it expected, sparking investor concerns about the company’s response...
Rivian’s Losses Nearly Triple to $1.7 Billion
Rivian Automotive Inc. reported its net loss in the second quarter nearly tripled to $1.7 billion, further pressuring the electric-vehicle...
Shale Drillers Warn of Higher Costs as They Report Record Profits
Shale companies are reporting banner profits but are warning that inflation in the oil patch is leading them to increase...
Toyota Profit Takes Hit From Supply-Chain Troubles, Higher Costs
Toyota TM -0.32% Motor Corp. on Thursday maintained its full-year outlook for production and operating profit, despite rising raw material...
China Chases Chip-Factory Dominance—and Global Clout
China is leading the world in building new chip factories, a step toward achieving more self-sufficiency in semiconductors that could...
Rivian Cranked Up Production in Second Quarter at Illinois Factory
Rivian RIVN 10.42% Automotive Inc. said it produced 4,401 vehicles in the second quarter, the latest in the electric-vehicle maker’s...
