Episode Details

Apple announces price hikes on iPads and MacBooks, blaming surging memory chip costs, sending its stock down six percent. Reports that OpenAI may delay its IPO to 2027 add to nerves around the AI trade. A vessel strike in the Strait of Hormuz briefly rattles oil markets before prices resume their slide. And JPMorgan's Jamie Dimon is reported to be staying on for another three years.

Today’s recommended listen: Reuters Econ World - Fed talk

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Read more from Amanda Cooper and Anna Szymanski

Produced by Eliza Davis Beard and Abisoye Adelusi

Sound engineering and music by Sebastian and Josh Sommer

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