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27.06.26 - 22:57
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Apple Wants To Buy Memory From China As Soaring Chip Prices Spark Inflation Shock (ZeroHedge)
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Apple Wants To Buy Memory From China As Soaring Chip Prices Spark Inflation Shock
Last Thursday, in the aftermath of Apple's biggest one day plunge since Liberation Day, and second biggest single-day drop ever...
.... when the company lost over a quarter trillion dollars in market cap after the company's unprecedented price increase announcement which for some products was as much as 50% as Apple decided to pass on soaring component costs to consumers, following similar moves from other consumer electronics companies....
... and which Apple blamed on "unsustainable" prices by the memory cartel - namely SK Hynix, Samsung, Micron and Sandisk - who have been flooded with unprecedented demand from hyperscalers (freshly funded with hundreds of billions in newly-issued investment grade debt) we predicted that "China's memory makers are waiting by the phone" for a disgruntled Tim Cook to call, demanding bulk, cheaper RAM.
*APPLE SHARES CLOSE DOWN 6.1% IN BIGGEST DROP SINC...
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27.06.26 - 18:00
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Iran′s inflation surges to 88.6% as war deepens economic crisis (Times of India)
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Iran's inflation has skyrocketed to 88.6%, its highest in months, as the Middle East conflict intensifies economic woes. Food prices have more than doubled, with bread, grains, and meat seeing staggering year-on-year increases. This surge compounds existing challenges of sanctions and hyperinflation, severely impacting household purchasing power and fueling public discontent....
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27.06.26 - 14:30
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Brutal Heat Wave Scorches Europe, Raising Climate Inflation Concerns (Bloomberg)
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Europe has been experiencing a record-breaking heat wave, with temperatures soaring to historic highs, particularly in France where temperatures were above 110 degrees Fahrenheit. Bloomberg News Weather & Climate Reporter Joe Wertz and Climate Reporter Emma Court are on Bloomberg This Weekend to warn that such extreme heat events are likely to become more frequent globally, potentially driving up costs and contributing to what is being termed 'climate inflation,' placing additional financial burdens on consumers. (Source: Bloomberg)...
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