The Marriner S. Eccles Federal Reserve building during a renovation in Washington, DC, US, on Tuesday, Oct. 24, 2023. Valerie Plesch| Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where … Read more
Siemens Energy site in Muelheim an der Ruhr, Germany, August 3, 2022. Wolfgang Rattay | Reuters Siemens Energy has secured 7.5 billion euros ($8.15 billion) in project-related state guarantees from the German government, hours before announcing a nearly 5 billion euro loss for its fiscal year. The German economy ministry announced late on Tuesday that … Read more
A wind turbine installation taking place in Germany on July 14, 2023. The International Energy Agency is calling for a surge in renewable energy installations over the next few years. Ina Fassbender | AFP | Getty Images Renewable energy firms are mostly suffering a dire earnings season as struggling supply chains, manufacturing faults and rising … Read more
Job seekers speak with prospective employers during a City of Los Angeles career fair offering to fill vacancies in more than 30 classifications of jobs on November 2, 2023 in Los Angeles, California. Frederic J. Brown | AFP | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC … Read more
A Siemens Gamesa blade factory on the banks of the River Humber in Hull, England on October 11, 2021. PAUL ELLIS | AFP | Getty Images As the biggest players in wind energy gear up to report quarterly earnings, supply-chain reliability issues are front and center for both stock analysts and industry leaders. Siemens Energy … Read more
Siemens Vitality CEO Christian Bruch stated Monday that the corporate must decelerate its rollout of recent merchandise after reserving 2.2 billion euros ($2.4 billion) in prices as a consequence of high quality points at its wind turbine unit. In June, Siemens Vitality scrapped its revenue forecast and warned that pricey failures at wind turbine subsidiary … Read more
Siemens Vitality shares plunged 31% on Friday morning after the corporate scrapped its revenue forecast. Wolfgang Rattay | Reuters Siemens Vitality shares plunged 31% on Friday morning after the corporate scrapped its revenue forecast and warned that pricey issues at its wind turbine unit might final years. The corporate, born from the spinoff of the … Read more