The global memory shortage has pushed many companies to raise prices on memory-heavy products, and Apple can no longer avoid the pressure. Tim Cook told the Wall Street Journal, "Unfortunately, price increases are unavoidable. We’re doing our best to mitigate the huge increases that are being passed to

Most of Kenya’s power grid runs on renewables, but about 25% of communities lack centralized electricity. The country is looking to off-grid solar to meet its goal of universal access by 2030 without driving up emissions. A couple of years ago, a panel cost about $3 a watt; now

Apple CEO Tim Cook has warned that product prices will rise as the supply of memory and storage chips tightens and costs climb. He said the company has tried to shield customers but that increases have become unavoidable. No timetable or specific product list was offered, though the new lineup

Analytics firm Newzoo puts global games revenue at $201.6 billion, a 9.1% year-on-year rise and the first time the industry has topped $200 billion worldwide. Mobile accounted for the largest share, about $113.3 billion, up 10.7%. Console revenue reached $44.7 billion, a 2.8% increase,

Kevin Warsh has launched a series of task forces as he settles into the Federal Reserve chair role. He said the move was an opportunity "to reaffirm its mission, to review current practices, and to consider whether those practices best meet our objectives," and that he and his

Capcom reported that sales on Steam generated almost twice the revenue of PlayStation in its previous fiscal year. Its securities report shows Steam brought in 40.383 billion yen (approximately $252 million), representing 20.7% of earnings between April 2025 and March 2026. PlayStation accounted for 20.741 billion yen

Prediction market Kalshi has partnered with compliance software provider StarCompliance to launch a monitoring platform that helps financial firms oversee employee activity on prediction markets. The system flags activity by transaction volume, trading patterns, market categories and work-hour activity, and gives firms a central way to manage investigations and audit

Nagoshi Studios, founded by Toshihiro Nagoshi and Daisuke Sato after their 2021 departure from Ryu Ga Gotoku Studio, has shown signs of decline over the past year. The situation intensified when Sato updated his Twitter/X bio to read 'ex-Nagoshi Studio,Inc,' suggesting he is no longer with

A UK employment tribunal has ruled that the Independent Workers Union of Great Britain may include allegations of blacklisting in its case against Rockstar, rejecting the studio's bid to narrow the upcoming trial. The decision means every one of the IWGB's accusations tied to the October

Less than a week after its historic debut, SpaceX shares — which rose from an initial $135 to as high as $218, a 61% jump — have prompted caution from at least one analyst. Paul Meeks, managing director and head of technology research at Freedom Capital Markets, estimates fair value near $63

The FIFA World Cup has sent demand spiking for Jennifer Smith, who is renting her McKinney, Texas, cottages on Airbnb. Not from a soccer family, she said she only grasped the scale of the event when international guests began booking; the homes sit about 45 minutes from AT&T

Less generous rules have turned capital gains tax into a “cash machine”, with revenue climbing almost 80% to £24.3bn in the last tax year — equivalent to well over £800 a household. More people are being pulled into the CGT net, not only the wealthy, and the Office for Budget

It's the fourth Fed day of the year, and new Chair Kevin Warsh is taking the helm as the Federal Open Market Committee meets. With inflation at 4.2% in May — its highest point since 2023 — the committee is expected to keep interest rates steady. Markets are almost

Bose is pushing further into entertainment with the launch of an in-house content studio, Bose Studios, and a new label, Bose Records. The move is intended to shift the company away from campaign-driven marketing and toward producing podcasts, TV and film series, and other music-related content. Bose's chief

As Panera's chief financial officer, Paul Carbone signed off on swapping 100% romaine for a romaine-and-iceberg mix in the summer of 2024 to save money. Now as chief executive he reversed that decision in June 2025, using the lettuce change as shorthand for a wider problem: years of

Game File claims Microsoft was already planning to either split from Ninja Theory or sunset it when the studio’s new game, Senua, was revealed at the Xbox Games Showcase at the start of the month. Subsequent coverage has suggested the Hellblade studio is set to shut down. Attention has

The streaming landscape that once felt limitless is contracting: within the next year, Hulu and Paramount+ are expected to be folded into larger platforms. Both services host popular originals and network content — Hulu carries series such as The Bear, Only Murders in the Building, and ABC shows, while Paramount+ is

Hidenori Furuta has resigned as chair of Fujitsu after the board became aware of his “woman-related inappropriate conduct”, the company said. Furuta stepped down after two years in the role and requested to resign as a director as of 16 June, a stock market filing said. Fujitsu has withdrawn his

Max Mara marked its 75th anniversary with a show in Shanghai, a city Ian Griffiths invoked with a borrowed New Yorker line to capture its relentless energy. He said Max Mara is a product for metropolitan women and argued it would be patronising to assume a metropolitan wardrobe should be

A24's supernatural thriller Backrooms has overtaken M. Night Shyamalan's Unbreakable at the global box office. In 18 days, Backrooms has grossed $160.2 million domestically and $88.4 million internationally, for a total of $248.7 million, edging past Unbreakable's $248.1 million lifetime

Luna Abyss is an atmospheric bullet hell that borrows from Metroid Prime, Returnal, and other shooters. It earned glowing reviews and positive player ratings on Steam, but the studio behind the day-and-date Game Pass release is preparing to close less than a month after shipping the game. Kwalee Labs’ CEO

Coinbase is allowing users to transfer existing stock portfolios onto its platform, marking another step in the company’s push beyond cryptocurrency trading toward a full-service financial platform. The firm expanded stock and ETF trading through Coinbase Advanced, letting US users move portfolios from other brokerages directly onto the exchange.

When aerospace and defense firms look beyond traditional hubs, Iowa is increasingly on the shortlist. The state exports nearly $1 billion in aviation parts and electronics to more than 125 countries and ranks third in concentration of mechanical engineers, third for manufacturing workers, and second for the share of its

Meccha Chameleon is a hide-and-seek game in which players paint themselves to blend into the scenery while opponents try to find all the concealed players. The Steam page looks rough around the edges—the characters resemble placeholders, the UI is basic, and the visuals give a whiff of Microsoft Paint—

Robinhood is cutting 10% of its workforce as it flattens its organizational structure, CEO Vlad Tenev said in a memo. He wrote the company's business "has never been stronger," but said the firm must become leaner as it scales to avoid a "heavily-layered organization."