The AI Boom Is Creating A Global Memory Chip Shortage

Jobs Shock: US Lost 92K Payrolls In February, Far Below Lowest Estimate, As Unemployment Rate Rises In our nonfarm payrolls preview, we quoted JPMorgan's Market Intel desk which said that "for this print, the stronger the better", which by implication means that a poor number would be bad. By that logic, the actual number couldn't be any worse, because moments ago the BLS reported that in February, the US lost 92,000 jobs, a huge drop from the downward revised (of course) 126K in January, and the second worst print since 2020...

Apple To Close First Unionized Store, Along With Two Others, Citing "Declining Conditions" Apple is permanently closing three mall-based stores in the coming months: Apple North County in California, Apple Trumbull in Connecticut, and Apple Towson Town Center in Maryland, which is the company's first unionized store. "Following the departure of several retailers and declining conditions at Trumbull Mall, the Shops at North County, and Towson Town Center, we've made the difficult decision to close our stores at these locations," Apple told computer blog AppleInsider in a statement.  Most workers will...

Energy Secretary Directs Oil Company To Resume Operations In California, Citing National Security Authored by Jacob Burg via The Epoch Times, Energy Secretary Chris Wright on March 13 directed the Texas-based oil company Sable Offshore Corp. to restore operations in water off southern California. Wright invoked the Defense Production Act to restore the company’s Santa Ynez Unit and Pipeline System near Santa Barbara to address supply disruption risks that “have left the region and U.S. military forces dependent on foreign oil,” according to a Department of Energy news release. “The Trump Administration remains...