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Apple, Microsoft Tumble On Abrupt Price Hikes Amid Chip-Crunch Contagion; Wall Street Responds
Apple, Microsoft Tumble On Abrupt Price Hikes Amid Chip-Crunch Contagion; Wall Street Responds
Summary:
Memory Chip Crunch Crisis May Unleash Flood Of Consumer Device Companies Hiking Prices
Microsoft Hikes Prices on Xbox
Apple Hikes Prices on Macs and iPads
Wall Street Responds To Apple Hikes
Apple shares were down 5.5% in late-afternoon trading, on track for their largest intraday decline in 15 months, as the stock tumbled into correction territory. Shares are now down about 14% from their early June peak near $317.
Investors appear spooked by Apple's rare overnight price hike, which boosted Mac computers...
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Mar 14, 2026 / Tyler Durden
Mamdani Proposes Massive Estate Tax Exemption Cut From $7M To $750K, Among Other Tax Increases
Mamdani Proposes Massive Estate Tax Exemption Cut From $7M To $750K, Among Other Tax Increases
New York City Mayor Zohran Mamdani is urging Albany to consider a sweeping overhaul of New York’s estate tax, proposing to sharply lower the exemption threshold and dramatically increase the top rate on large inheritances. His plan would cut the exemption from more than $7 million to $750,000 while boosting the highest tax rate from 16 percent to 50 percent, Bloomberg reported.
The idea was included in a policy memo his administration recently shared with state...
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Feb 21, 2026 / Tyler Durden
California Dominates America's AI/Data-Center Jobs
California Dominates America's AI/Data-Center Jobs
The AI boom isn’t just about chatbots and software. It’s also creating thousands of jobs tied to the physical infrastructure that powers large-scale computing.
As companies race to build data centers and expand AI capacity, employment tied to AI infrastructure has climbed to 482,716 jobs nationwide, according to 2025 data from the Bureau of Labor Statistics (BLS).
This map, via Visual Capitalist's Jeff Desjardins, ranks all 50 states by AI and data center employment, highlighting where this fast-growing segment of the tech economy has taken root—and which...
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Jul 12, 2026 / Kyle Anzalone
NYT: Marco Rubio Running Venezuela From Washington
Secretary of State Marco Rubio controls Venezuela’s finances, making him the effective viceroy of the South American nation. “Mr. Rubio has become the de facto viceroy of Venezuela, holding sway over a sovereign nation in a way that no American official has since Paul Bremer III arrived in Baghdad in 2003 to run US-occupied Iraq,” […]
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