Fears

Oil well pump jacks operated by Chevron Corp. in San Ardo, California, U.S., on Tuesday, April 27, 2021.David Paul Morris | Bloomberg | Getty ImagesOil prices tumbled Tuesday with the U.S. benchmark falling below $100 as recession fears grow, sparking fears that an economic slowdown will cut demand for petroleum products.West Texas Intermediate crude, the U.S. oil benchmark, slid 9%, or $9.83, to trade at $98.60 per barrel. The contract last traded under $100 on May 11.International benchmark Brent crude shed 9.9%, or…

New Delhi, As customers delay purchasing electric two-wheelers amid fire incidents, Ola Electric again saw its registration dipping in the month of June, taking the company to fourth place in the overall category.Bhavish Aggarwal-run Ola Electric saw 5,869 electric scooters' registrations (as of June 30), according to the VAHAN data.The June tally for EV two-wheelers was led by Okinawa Autotech, at 6,976 vehicles, followed by Ampere Vehicles Pvt Ltd at 6,534.Hero Electric came third with 6,486 EV 2-W registrations across…

The technology industry in the United States is bracing for the uncomfortable possibility of having to hand over pregnancy-related data to law enforcement, in the wake of the US Supreme Court's decision on Friday to overturn the Roe vs Wade precedent that for decades guaranteed a woman's constitutional right to an abortion.As state laws limiting abortion kick in after the ruling, technology trade representatives told Reuters they fear police will obtain warrants for customers' search history, geolocation and other…

Chief information officers said they are facing pressure to ramp up some tech investments and reduce others as fears of a recession mount, though they don’t expect tightening on the same scale as in previous downturns. That’s partly because the Covid-19 pandemic and the rise of cloud computing have illustrated the importance of enterprise technology and digital transformation, CIOs said. Discretionary spending such as proof-of-concept tests—which validate whether an emerging technology is ready for…

SpaceX has said its U.S.-based Starlink customers will see their broadband service badly disrupted if Dish Network is allowed to use the 12GHz band for its 5G cellular network. The decision is in the hands of the Federal Communications Commission (FCC) as Dish Network and others such as New York-based RS Access lobby the agency to let them use the 12GHz band. But SpaceX isn’t happy. “If Dish’s lobbying efforts succeed, our study shows that Starlink customers will experience harmful interference more than 77% of the…

Crypto crash and an expensive lawsuit — cannot prevent Elon Musk from investing in Dogecoin Elon Musk is known as the fearless and powerful crypto influencer in the global cryptocurrency market. He is the Dogefather of the popular memecoin, Dogecoin, since its launch in the market. Elon acts as a perfect crypto influencer of Dogecoin to influence the smart decisions of crypto investors as well as manipulate or control the price of the memecoin. Despite facing the whopping lawsuit of US$258 billion regarding…

Forty thousand U.K. Network Rail staff and workers at 13 train operators have staged walkouts over pay in Britain's biggest rail strike in 30 years.Jeff J Mitchell | Getty Images News | Getty ImagesLONDON — A days-long rail walkout that is causing severe travel disruption across Britain could be just the beginning of a summer of strikes, U.K. workers' unions have warned, as numerous professions consider industrial action over pay.Around 40,000 Network Rail staff and workers at 13 train operators went on strike Tuesday in…

A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow.Jim Watson | AFP | Getty ImagesPeople still appear willing to shell out to travel, go to the movies and have a drink or two, even as surging prices and fears of a recession have them pulling back in other areas.How people spend their money is shifting as the economy slows and inflation pushes prices higher everywhere including gas stations,…

Most top executives say they think a recession is looming or already here, according to a new survey, reflecting a rapid deterioration of the economic outlook among business leaders.More than 60% of CEOs expect a recession in their geographic region in the next 12 to 18 months, according to a survey of 750 CEOs and other C-suite executives released Friday by the Conference Board, a business research firm. An additional 15% think the region of the world where their company operates is already in a recession.…

Last updated: June 16th, 2022 at 16:40 UTC+02:00 Samsung Electronics is reportedly reevaluating supply and demand amid concerns over global inflation levels. The company has temporarily suspended orders for several components that are required to manufacture various consumer electronics. Samsung appears to have sent a notice to multiple suppliers asking them to delay shipments or reduce part orders due to bloated inventories. (via IT Home) Sources say that Samsung is asking for fewer chips and other components needed…