Yen Surges As Jittery Traders Expect Imminent Intervention After Japan Reveals New Strategy To Wipe Out Shorts

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...

Speculation About A SpaceX–Tesla Merger Is Already Growing SpaceX’s record-breaking IPO has fueled speculation that Elon Musk could take an even bigger step: merging SpaceX with Tesla to create a roughly $4 trillion technology conglomerate spanning rockets, AI, satellites, electric vehicles, robotics, energy, and social media, according to a new report from the New York Times.  The idea has gained traction among investors, analysts, and even SpaceX executives. Tesla and SpaceX already share personnel, collaborate on major projects, and have business ties through AI development, data centers, batteries, and vehicle sales. Because...

Ukrainian Drone Strike Paralyzes Airports Across All Southern Russia Russian cities and communities are busy preparing Victory Day WW2 memorial events all across the country ahead of Saturday, and so security is already on edge and on high alert, especially in the Moscow area, given that Ukraine's devastating cross-border drone attacks have persisted and expanded of late. On Friday air traffic at 13 airports across southern Russia was suspended after drones struck a building at a regional air navigation center in Rostov-on-Don, Russia's transport ministry confirmed. This was the crucial air traffic...