Apple’s stock sank Thursday after the company raised prices across its flagship products to offset soaring costs caused by the AI-fueled global memory chip shortage. “The memory guys are passing along huge price increases,” CEO Tim Cook said, arguing Apple could no longer protect consumers, as it hiked prices of ...
Day: June 26, 2026
As inflation rises, Americans are spending and Europeans are savingAs inflation rises, Americans are spending and Europeans are saving
Countries everywhere are feeling inflationary pressures from the Iran war, but Americans and Europeans are coping differently. Rising energy prices pushed US inflation in May to its highest level in three years, but Thursday’s data showed that consumer spending remained resilient, thanks in part to larger tax refunds and rising ...
Don’t read the Dimon succession tea leavesDon’t read the Dimon succession tea leaves
Jamie Dimon elevated two new CEO candidates as a third leaves the bank. Is the clock actually ticking this time? For those trying to read the tea leaves in JPMorgan’s latest executive reshuffle, which will see Marianne Lake exit and two executives, Troy Rohrbaugh and Doug Petno, promoted to co-presidents, ...
Venezuela’s deadly earthquakes test US aid effortVenezuela’s deadly earthquakes test US aid effort
The deadly earthquakes in Venezuela will test the Trump administration’s disaster relief response after it dismantled USAID. Wednesday’s earthquakes, described as the “strongest in a century,” have triggered frantic search-and-rescue efforts. President Donald Trump said the US was “ready, willing, and able to help,” reflecting “a degree of diplomatic realignment” ...
UN agency pauses ship evacuations through strait of Hormuz after vessel struckUN agency pauses ship evacuations through strait of Hormuz after vessel struck
International Maritime Organization says safety guarantees must be confirmed before ships can move again A United Nations agency has paused the evacuation of ships through the strait of Hormuz after the British military said a vessel was hit by a projectile off the coast of Oman following the passage of ...
Phoebe Bridgers: Lost Boys review – ghosts, guns and guileless youth on generational songwriter’s returnPhoebe Bridgers: Lost Boys review – ghosts, guns and guileless youth on generational songwriter’s return
(Dead Oceans)The US singer took years off after becoming ‘world-weary’ of public life – and in the meantime, her silvery balladry reshaped pop. Her return is an ornate reinvention In the press materials for Phoebe Bridgers’ return, the 31-year-old US singer talks about taking time to make her third album ...
King Charles reveals he paid £12.9m in tax for 2024-25King Charles reveals he paid £12.9m in tax for 2024-25
The King becomes first monarch to publish their tax payments – with the figures putting him among the UK’s top 100 taxpayers. ...
King and Queen will not live in Buckingham Palace after renovationsKing and Queen will not live in Buckingham Palace after renovations
King Charles and Queen Camilla will continue to reside in Clarence House, Buckingham Palace says. ...