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Apple Faces iPhone Price Hikes as AI Chip Shortage Bites, June 21
Apple CEO Tim Cook warns iPhone prices will rise due to AI-driven memory shortages, with Pro models potentially increasing $270 USD (¥43,000).
Japan Raises Visa Fees Fivefold to ¥15,000 Starting July 1
Japan increases single-entry visa fees from ¥3,000 to ¥15,000 and multiple-entry visas to ¥30,000 starting July 1, 2026, the first hike in 48 years.
Apple Confirms iPhone Price Hikes Due to AI Chip Shortage, June 21
Apple CEO Tim Cook confirms iPhone price increases as AI-driven demand pushes memory chip costs higher, with DRAM costs rising significantly.
SpaceX Stock Drops 8.75% After Cursor Deal, Valuation Questioned
SpaceX stock fell 8.75% after Cursor acquisition. Morningstar values it at $62; Oppenheimer targets $250. Market cap: $2.8 trillion.
XRP Faces Valuation Test at $1.28 as Tokenomics Debate Heats Up
XRP trades at $1.28 with $80B market cap. Investors debate if tokenomics make it overvalued despite XRPL adoption and new tokenized asset inflows.
Yann LeCun Warns AI Industry Faces Bubble Risk as xAI Struggles, June 20
Yann LeCun warns xAI faces failure and AI labs risk bubble if they don’t cut costs or raise prices amid high infrastructure spending.
Temasek Invests ₹1,000 Crore in Svakarma Microfinance, June 20
Temasek invests ₹1,000 crore in Svakarma, a microfinance company serving India’s micro businesses and supporting financial inclusion.
Hong Kong Launches RMB Bond Futures as China Cuts US Treasury Holdings
Hong Kong launches RMB bond futures August 3 as China trims US Treasury holdings to $651.1 billion, lowest since 2008, amid geopolitical uncertainty.
SpaceX Stock Falls to $185 After Cursor Deal, June 19
SpaceX stock falls to $185 after Cursor acquisition. Down from $212 peak but 37% above IPO price. Morningstar fair value estimate: $62.