The Silicon Valley Bank collapse wasn’t unique, it was just first

U.S. Gov't Stake In Intel Is Now Worth ... Intel shares earlier jumped the most on record after the chipmaker delivered stronger-than-expected first-quarter results and issued a second-quarter forecast (read here) that beat Wall Street expectations. Earlier, Intel shares jumped as much as 28%, rocketing to a record high and eclipsing their Dot Com peak, as Wall Street analysts cheered the earnings report as evidence that the chipmaker’s turnaround is gaining traction. Citi analyst Atif Malik raised Intel to “Buy” from “Neutral,” with a $95 12-month price target, reflecting “improving AI-driven...

Asia Burns More Coal As Middle East War Sends LNG Prices to 3-Year Highs Submitted by Tsvetana Paraskova of OilPrice.com, Coal is back with a bang in Asia’s power generation, as countries scramble to contain the LNG supply shortage due to the war in the Middle East. Coal hasn’t really left most Asian economies, which rely on the fuel for much of their power generation. Amid the squeeze of natural gas supply due to the de facto closed Strait of Hormuz and the sky-rocketing LNG prices that few buyers in Asia can...

4 In 10 American Teens Are Almost Constantly Online A U.S. jury recently found Meta and YouTube liable in a landmark social media addiction trial, marking a major legal setback for the tech giants. According to the BBC, jurors concluded that the platforms were deliberately designed to be addictive and contributed to harm experienced by a young user. The ruling could open the door to further lawsuits and increased regulatory scrutiny of social media companies. This debate over the impact of social platforms is closely tied to the extent to which young people use them. As Statista's...