Memory-Chip Crunch Hits Smartphone Demand Across China

Prices for electronic devices reliant on advanced memory chips, from smartphones to gaming consoles, have risen as the AI data-center buildout tightens supply and drives component costs higher. The resulting memory-chip crunch is now weighing on consumer demand, with Goldman’s latest note showing that the pressure is increasingly visible in China’s handheld-device market.


Amazon leads stock gains; JPY firms again as intervention speculation mounts -Newsquawk US Market Wrap

Trump said we'll be hitting Iran in coming weeks; Fed 2026 voters & dissenters cite inflation concerns for opting to hike this week; UoM Consumer Sentiment rises in June; BoJ holds rates as expected; US Treasury reportedly informed banks that it may intervene in the Yen market on Friday; AAPL earnings and guidance disappoint, AMZN impress; CPC said to have discussed "indefinite" halt of oil and tanker operations; US and Israel are reportedly considering a land blockade of Iran.

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