JD.com (JD) exec says due to rising memory costs, have seen industry wide price hikes for smartphones and PCs since March; in the short term electronics price hikes does dampen consumer demands to some extent
JD.com executives have pointed out that rising memory costs have led to industry-wide price increases for smartphones and PCs, which could dampen consumer demand in the near term.
US Secretary of War Hegseth says US has a plan to escalate in Iran, if needed
UK Labour Minister Davies-Jones has resigned (the 3rd minister to do so). Calls on PM Starmer to outline a timetable for his departure.
JD.com (JD) exec says due to rising memory costs, have seen industry wide price hikes for smartphones and PCs since March; in the short term electronics price hikes does dampen consumer demands to some extent
US CPI Core Goods & Services April (M/M SA, Y/Y NSA) + Supercore
US Inflation Rate YoY (Apr) Y/Y 3.8% vs. Exp. 3.7% (Prev. 3.3%, Low. 3.3%, High. 3.9%), Unrounded 3.811% M/M
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This suggests a significant supply-side challenge affecting electronics, potentially contributing to inflationary pressures in the sector and impacting broader consumer confidence and spending patterns.
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