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Monthly Archives: December 2022

Why isn’t the U.S. electrical grid run on 100% renewable energy yet?

Solar panels are set up in the solar farm at the University of California, Merced, in Merced, California, August 17, 2022. Nathan Frandino | Reuters Generating electricity to power homes and businesses is a significant contributor to climate change. In the United States, one quarter of greenhouse gas emissions come …

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Tech IPO market collapsed in 2022; next year doesn’t look much better

The Nasdaq MarketSite in New York. Michael Nagle | Bloomberg | Getty Images Following a record-smashing tech IPO year in 2021 that featured the debuts of electric car maker Rivian, restaurant software company Toast, cloud software vendors GitLab and HashiCorp and stock-trading app Robinhood, 2022 has been a complete dud. …

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Tesla, Cal-Maine, Southwest and others

Check out the companies making headlines before the bell: Tesla (TSLA) – Tesla rallied 4.4% in the premarket after posting its first rise in eight sessions Wednesday, softening the blow to its stock in what will still be the worst year ever for Tesla shares. Cal-Maine Foods (CALM) – Cal-Maine …

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European natural gas prices return to pre-Ukraine war levels

A worker walks past gas pipes that connect a Floating Storage and Regasification Unit ship with the main land in Wilhelmshaven, northern Germany on December 17, 2022. EU energy ministers are wrangling over a proposed price cap on gas. Michael Sohn | Afp | Getty Images LONDON — European natural …

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UK says no plans for Covid tests for China arrivals

People are seen waiting at the arrivals area of terminal 5 at Heathrow International airport. Carlos Barria | Reuters LONDON — The UK’s Transport Department said Thursday there were currently no plans to reintroduce Covid-19 tests or additional requirements for travelers arriving into the country. It comes as several nations …

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Here’s where Covid rules for visitors from China are changing

Travelers check in with Cathay Pacific at the Hong Kong International Airport on December 20, 2022. Vernon Yuen | Nurphoto | Getty Images BEIJING — Some countries announced new Covid testing requirements for visitors from China after the mainland said it would finally relax border controls. Japan was the first …

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Avatar show in London offers glimpse of future for live music

LONDON — Before the launch of “ABBA Voyage,” the London concert performed by 3D digital avatars of the iconic Swedish band, member Björn Ulvaeus said they hoped audiences would “feel that they’ve gone through something that they’ve never seen before.” Following its May 27 debut, much of the reaction from domestic and …

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Most Chinese shoppers are very cautious about going out, survey finds

Shoppers enter a newly opened Sam’s Club in Beijing on Dec. 23, 2022, the chain’s fourth store in China’s capital city. Zhao Jun | China News Service | Getty Images BEIJING — Most Chinese people still don’t want to leave their apartments, despite a relaxation in Covid-related restrictions, an Oliver …

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Supermicro almost doubled in value in 2022 as tech stocks plunge

Charles Liang, CEO, Super Micro  Source: Supermicro  It’s been a brutal year for tech stocks. The Nasdaq is headed for its worst slump since 2008 and is poised to underperform the S&P 500 for a second straight year. Among mega-cap tech stocks, Amazon, Meta and Tesla have each lost at …

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Analyst remains bullish on Apple as ‘it’s a lot more of headline risks’

An Apple store on Nanjing Road Pedestrian Street in Shanghai, China, on December 16, 2022. CFOTO | Future Publishing | Getty Images One analyst maintains a bullish outlook on Apple despite shares of the tech giant falling to their lowest since June 2021 amid continued iPhone supply concerns. “Apple is …

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