Tag: prices
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Minneapolis Fed President Neel Kashkari says he expects a rate hike this year
Kashkari said he sees a hike likely this year as the economy continues to feel the hit from spiking inflation.
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Falling energy prices won’t defuse rising risk of civil unrest in emerging markets
(Refiles story to fix format, no change to text)By Colleen GokoJOHANNESBURG, June 26 : A drop in oil prices after a fragile U.S.-Iran truce has helped ease immediate inflationary pressure in many emerging markets, but cheaper oil alone will not defuse the threat of civil unrest as the damage to househ
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Trump eases pressure on Fed Chairman Kevin Warsh as inflation tops 4%
President Donald Trump’s economic advisers are giving Warsh space as the new Fed chairman on interest rates as the president repeats calls to cut.
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Warsh reaches within the Fed for latest advisory appointments
Warsh has added two more key advisors as he seeks to remake how the central bank approaches the economy and monetary policy.
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Asia stock markets slide as tech shares slump
Trading on South Korea’s Kospi index was halted for the third time this week to prevent panic selling.
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AI boom sends Xbox, Mac and iPad prices soaring
Microsoft and Apple are raising prices for Xbox consoles, Macs and iPads as the AI boom sends memory chip costs soaring, with prices increasing by up to $300 (about €265) and as much as 25%, depending on the product.
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Why Micron Technology’s gain could be hyperscalers’ pain
Margin expansion for memory chip makers equals cost expansion for the sector’s customers.
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Chicago Fed President Goolsbee says inflation is too high; Williams sees price pressures easing
In a live CNBC interview from his home district, Goolsbee declined to speculate on where he thinks interest rates are headed.
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Xbox to raise console prices worldwide from August
June 25 : Microsoft’s Xbox is raising prices of its gaming consoles by up to $150 worldwide, citing a deepening global components crisis that has sent storage and memory costs soaring across the consumer electronics industry.Groups representing automakers, retailers, electronics firms and others had warned ea
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Apple raises prices of MacBooks, iPads as memory costs skyrocket
SAN FRANCISCO: Apple raised iPad and MacBook prices on Thursday (Jun 25), saying it could no longer shield customers from soaring memory and storage chip costs driven by the AI industry’s data centre buildout.The move does not affect Apple’s main cash cow, the iPhone. But it would take starting price of the N
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