Intel Jumps To Record High On Deal To Make Chips For Apple, Following White House Pressure

NATO Warns Russia's Hybrid War Is Targeting Europe's Energy Grid Authored by Simon Watkins via OilPrice.com, European officials fear Russia’s “grey war” is entering a more dangerous phase, with gas pipelines, electricity interconnectors, offshore networks, and subsea infrastructure increasingly vulnerable to sabotage and cyberattacks. Security sources say Moscow is escalating pressure because the Ukraine war is becoming harder to sustain militarily and economically. Recent incidents involving Russian-linked vessels and surveillance operations in the Baltic and North Seas have heightened concerns that Europe’s energy grid is becoming a frontline target in the broader confrontation...

Honda Projects First Loss Since 1957 - $15.7 Billion - Thanks To EV Strategy Fail Authored by Rob Sabo via The Epoch Times (emphasis ours), A reassessment of Honda Motor Co., Ltd., corporate electric vehicle (EV) strategy and planned cancellation of three EV models for the North American market could lead to losses totaling approximately $15.7 billion for its fiscal year ending March 31, the company said in a news release on March 12. A Honda SUV e: Prototype electric vehicle is displayed during a media day for the Auto Shanghai show...

Jobless Claims Continue To Show No Signs Of Labor Market Stress Initial jobless claims continue to hover near multi-decade lows, refusing to show any signs of labor market stress. Last week saw 212k American file for jobless benefits for the first time (below the 216k expected). Unadjusted claims tumbled to the lowest since September... Source: Bloomberg Michigan and New York saw the largest drop in initial jobless claims last week while Rhode Island and Oklahoma saw the bigger rise in claims... The number of Americans filing for continuing jobless claims also dropped last week...