Apple stock drops 6% on MacBook and iPad price hikes due to memory crunch
Tim Cook said last week that Apple would hike prices due to surging memory and storage costs.

Tim Cook said last week that Apple would hike prices due to surging memory and storage costs.
Microsoft said it's increasing the price of Xbox game consoles after Apple announced price hikes for MacBooks and iPads.
Glyphosate, used in Roundup weedkiller, is the most commonly utilized herbicide in agriculture, and it has long been linked to cancer claims.
"The only crop we're harvesting is what you planted: decades of mistrust," Iranian parliament speaker Mohammad Bagher Ghalibaf said in a social media post.
Acting Attorney General Todd Blanche originally set up the fund as part of a settlement of a lawsuit by President Donald Trump against the IRS.
The new GMC Sierra trucks are crucial to GM's sales and earnings, especially highly profitable luxury Denali and off-road AT4 models.
The company's revenue more than quadrupled from $9.3 billion a year earlier to $41.46 billion, it reported on Wednesday
The moves would appear to make Doug Petno and Troy Rohrbaugh the most obvious possible successors to JPMorgan Chase CEO Jamie Dimon.
While luxury goods sales are expected to grow between 1% and 4%, experiences are on track for growth of between 3% and 7% this year, according to a new report.
A federal judge temporarily blocked Trump's limits on how much certain graduate students can borrow. That policy was set to go into effect July 1.
The personal consumption expenditures price index was expected to show a 4.1% annual increase.
Bond investors are abandoning aggregate benchmarks in favor of a broad mix of fixed-income investments to maximize yield with the stock market on edge.
The stock's volatile run appeared largely disconnected from company fundamentals and instead reflected a burst of social media enthusiasm.
Chan Zuckerberg Initiative's Biohub will offer new grants to the rare disease community while expanding its AI drug repurposing partnership with Every Cure.
It's been a remarkable turnaround for a name we started to buy a little too high and a little too fast when the Iran war broke out.
Her comments come shortly after President Donald Trump ordered an investigation into Big Oil, accusing them of "gouging" consumers.
Leagues, teams and media networks are increasingly meeting younger fans on social media as platforms like TikTok, Roblox and YouTube capture most of their time.
Ryan Cohen has shared few details on how he'll move forward with his $56 billion offer for eBay since the company rejected the proposal in May.
The swift U.S. offer of assistance reflects a degree of diplomatic realignment between the Trump administration and the Venezuelan interim government.
Reuters reported that though Iraq had considered leaving OPEC, the current plan is to remain a member of the group while seeking a higher output quota.
Same-store sales growth at Darden's fine-dining restaurants and Olive Garden fell short of expectations.
The stock market rally turbocharged charitable giving in 2025, but primarily from wealthy donors.
The stern warning underscores Tehran's resolve to retain control over the Strait of Hormuz and to resist transits that bypass its authorization.
Annuity options are gaining ground in 401(k)s, amid worker concerns about retirement income and longevity risks.