business

Russia and Saudi Arabia are close to a deal to cut oil production. The economic shutdowns have cut demand for oil from 100 million barrels per day to 70-80 million barrels of oil per day. Brian Wang Brian Wang is a …

US Domestic passenger flights could shutdown because of lack air traffic control staff and lack of passengers could shutdown air travel. US airlines are struggling to keep aircraft flying with minimal passengers. There is about 15-20% of the normal level …

Consumer Reports testing finds the Tesla Model 3 has a 350 mile actual range versus 310 EPA sticker. Tesmanian reports taht Sun Xiaohe, Chief of the High-tech Industry and Technology Innovation Division of the Management Committee of Lingang New Area …

Google and Amazon are the top two US companies with the highest search ad revenue share in 2019 with Google having as much as 73% and Amazon with 13%. Both these giants are no less than a goldmine for businesses …

SpaceX COO Gwynn Shotwell says that SpaceX will likely spinoff the Starlink satellite network with an IPO. SpaceX is launching 60 Starlink satellites with every Falcon 9 launch. They are four successful launches from minimum global coverage. 420 satellites are …

This week Ford dropped 10% in market value. Ford is now worth $32 billion. This is about one-fourth of the peak value around 2000. Ford automotive revenues missed analysts’ estimates and fell 5.2% to $36.7 billion for the fourth quarter …

China is putting $174 billion into the financial markets to prevent financial disruptions related to the coronavirus. China’s central bank said it will inject 1.2 trillion yuan ($174 billion) worth of liquidity into the markets via reverse repo operations on …

GE Hitachi Nuclear Energy (GEH) has officially started the regulatory licensing process for its BWRX-300 reactor design. On 30 December, the company submitted the first licensing topical report for the small modular reactor to the US Nuclear Regulatory Commission (NRC). …

Researchers at Kyushu University have developed highly efficient amino acid synthesis from biomass-derivable acids and water using electric energy. Amino acids are the basic building blocks of proteins and are also involved in various functional materials such as feed additives, …

Nextbigfuture has covered the massive amounts of problems with the F-35 Stealth fighters. There will be trillions of dollars wasted on 2000-3000 F-35 jets. This is not a blogger griping about some perceived issues. This is early release information from …