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Thursday, October 17, 2024

Clearing Off The Desktop -- Thursday, October 17, 2024

Locator: 48611B.

Ran out of caves in which to hide:


GDPNow: link here. Latest estimate, October 17, 2024: 3.4%. Up from 3.2 previously. Liz Ann Sonders.


NVDA
: hit a 52-week high today.

TSM: has joined the $1-trillion club. Link here


Stacking
: Apple has been doing this for quite some time. Previously reported. Link here.


Netflix
: simply amazing. Expectations. Results. Will air two NFL games Christmas Day -- that's four NFL teams for fans to watch.



California
: why gasoline prices are so high. PSX to exit refinery in California. Loses $600 million lawsuit.

A California jury has determined that Phillips 66 (PSX, Financial), a prominent U.S. oil and gas company, must pay up to $604.9 million to Propel Fuel Company for misusing its trade secrets to advance its renewable fuels business. The jury found that Phillips 66, headquartered in Houston, pretended to gather potential acquisition information to steal confidential data from Propel, based in Sacramento. This information was allegedly utilized to create a competing business.

The case stems from events back in 2017 when Phillips 66 approached Propel with acquisition intentions to expand its renewable fuel operations in California, a state promoting low-carbon fuel alternatives. However, Phillips 66 withdrew from the deal in 2018 and launched its renewable fuel products in 2019. Propel subsequently filed a lawsuit in 2022 against Phillips 66, accusing the company of illegally using trade secrets, including confidential negotiations that revealed financial data and business strategies.

Apple air tags, link here.

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