QtrendsApple hikes MacBook and iPad prices citing memory chip shortages amid the AI boom, sending its stock down 6%. Meta plans a standalone AI-powered prediction market app for wagering on real-world events. The Supreme Court blocks thousands of Roundup cancer lawsuits, sending Bayer's stock higher. Micron posts a 346% sales surge, reigniting AI investment enthusiasm. Trump confronts Big Oil over gas prices as experts say retail declines will lag behind falling crude.
Apple has increased prices on MacBooks and iPads globally, citing a memory chip shortage exacerbated by the AI boom. The move sent Apple's stock down 6% and drew particular attention in markets like India. The New York Times notes the price hikes come amid surging demand for memory chips driven by AI infrastructure buildout. Consumers now face higher entry prices across Apple's computing lineup.
Meta is developing a standalone app for AI-powered prediction markets where users can bet on real-world outcomes using play money, separate from Facebook and Instagram. NPR reports the project revives the historical practice of election betting that largely disappeared after the 1940s. The app signals Meta's push to combine AI capabilities with social engagement mechanisms.
The U.S. Supreme Court ruled against thousands of lawsuits claiming Bayer's Roundup weedkiller causes cancer, delivering a major legal victory for the company. Bayer's stock jumped on the decision, which the New York Times describes as a rejection of the core claim linking glyphosate to cancer. The ruling effectively blocks a massive wave of litigation that had hung over the company for years.
Micron reported a stunning 346% year-over-year sales jump, sending its stock up 16% and lifting the broader chip sector. CNN reports investors are piling back into AI bets following the blockbuster earnings. MarketWatch notes Micron has suddenly become one of the world's most important stocks as memory demand from AI workloads continues to explode.
President Trump has accused major oil companies of price-gouging as gasoline prices remain elevated despite falling crude oil. CNN reports this marks one of the biggest oil shocks in history, with Trump now sounding more like his predecessor on the issue. Chevron says there is no quick fix, and AP News notes experts consider the lag between oil and pump prices normal. The BBC reports Trump has accused big oil firms of taking advantage of drivers.