BUSINESSBATON ROUGE BUSINESS REPORT
Roundup: Apple raises prices / Inflation / Fewer jobless claims
Apple has raised prices on several Mac and iPad models due to surging memory and storage chip costs driven by AI data center demand and supply shortages. U.S. inflation reached a three-year high in May at 4.1%, fueled by energy costs and geopolitical tensions, while new jobless claims fell to 215,000, indicating a resilient but mixed labor market.
Mentioned
Related Signal
Adjacent reporting
- Key inflation gauge jumps to 3-year high in latest sign of affordability challenges
- Key inflation gauge jumps to 3-year high in latest sign of affordability challenges
- Inflation surpassed 4% for the first time since 2023
- Memory crunch sends PC prices into double-digit climb
- India’s Factory-Gate Inflation Jumps on Higher Energy Prices