U.S. military attacks Iranian targets after commercial tanker hit in the Strait of Hormuz
The attacks come as the United States and Iran are supposed to be engaging in a 60-day ceasefire as they…
Economy
The memory shortage shaking Apple and Microsoft is ‘existential crisis’ for smaller players
While Apple and Microsoft raise prices on key devices to help cover the soaring costs of memory, smaller consumer electronics…
Oracle stock has worst week since 2001 dot-com bust as AI financing concerns escalate
Oracle's surging spending, negative free cash flow and $130 billion debt pile are weighing on the stock. ...
Trump eases pressure on Fed Chairman Kevin Warsh as inflation tops 4%
President Donald Trump's economic advisors are giving Warsh space, as the new Fed chairman, on interest rates as the president…
U.S. strikes Iran after Trump accuses Tehran of ceasefire violation in Strait of Hormuz
The attack comes as the United States and Iran are supposed to be engaging in a 60-period of no hostilities…
Apple raises prices on MacBook and iPad due to memory crunch, hints at more to come
Tim Cook said last week that Apple would hike prices due to surging memory and storage costs. ...
Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows
The personal consumption expenditures price index was expected to show a 4.1% annual increase. ...
Cerebras falls 10% after chipmaker forecasts shrinking margin in first earnings report since IPO
Cerebras went public on the Nasdaq in May, giving Wall Street access to a pureplay AI company. ...
Three New York Democrats backed by Mamdani win House seat primaries; 2 incumbents lose
Two candidates backed by the Democratic Socialist of America won their primaries, a year after the DSA-backed Zohran Mamdani won…