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Acer CEO predicts PC prices could ease by late 2027, disputes rivals' shortage timelines

Acer CEO Jason Chen told DigiTimes that RAM-driven PC price increases could start reversing by the end of 2027, a far shorter timeline than rival memory executives have forecast. He argues that supply of most RAM and SSD types has already caught up with demand, with real shortages now confined to high-end components like top-tier DDR5 modules and certain CPUs.

Fed Rate Hike and AI Safety Worries Drag Down Dow, Hit Goldman Sachs Hardest

Wall Street saw another volatile week as the Federal Reserve raised interest rates a quarter point to a range of 3.75%-4%, its first hike in three years, while renewed concerns about AI safety rattled tech stocks. The Dow fell 1.7% for its third consecutive losing week, led by steep declines in bank stocks including Goldman Sachs, which dropped nearly 8.5%. The S&P 500 and Nasdaq held up better, with the Nasdaq even gaining slightly as investors bought back into AI names after an early sell-off, while oil price swings tied to Mideast tensions added further pressure on companies like Boeing and FedEx.

Tony Fernandes denies AirAsia financial crisis, defends $1 billion refinancing plan

AirAsia co-founder Tony Fernandes pushed back on reports that Malaysia's government was exploring contingency plans with Malaysia Airlines and Batik Air to absorb AirAsia's domestic routes amid financial worries. He insisted the airline is financially sound and does not require a government bailout, attributing recent strain to a 58% jump in fuel costs. Fernandes clarified that the airline's fundraising effort is a $1 billion refinancing and debt restructuring plan, not the larger $3 billion figure some reports suggested.

Fed Rate Hike Adds Pressure to Already Rising Tech Prices

The Federal Reserve raised interest rates on Wednesday for the first time since 2023, increasing borrowing costs for consumers just as prices for electronics, groceries and housing have been climbing for the past year and a half. Economists note that even if the Fed succeeds in slowing inflation toward its 2% target, existing price increases won't reverse, meaning consumers face a higher cost baseline going forward.

Nvidia's Huang Rejects Anthropic's Call for AI Antitrust Exemption to Slow Development

Nvidia CEO Jensen Huang publicly dismissed Anthropic CEO Dario Amodei's proposal for antitrust exemptions that would let AI companies coordinate a slowdown in development, calling it unnecessary. OpenAI CFO Sarah Friar separately said she isn't concerned about pausing AI progress, arguing the intelligence already built is substantial enough to matter even if development stopped now.

Refurbished vs Pre-Owned Phones: Key Differences Explained

Shoppers looking to save money on smartphones often encounter listings labeled 'pre-owned,' 'used,' or 'refurbished,' terms that sound similar but carry different meanings. A refurbished phone has typically been inspected, cleaned, tested, and repaired with replacement parts as needed, while a pre-owned phone is usually sold as-is without such processing.

Saudi Arabia shuts key East-West oil pipeline after drone strike, sending crude prices up 3%

Saudi Arabia closed its East-West pipeline, which can carry 7 million barrels of oil per day and bypasses the Strait of Hormuz, after saying it was damaged by drones launched from Iraq. The closure pushed both U.S. West Texas Intermediate and Brent crude futures up more than 3%, and prompted the postponement of a planned diplomatic meeting between Iran and Gulf Arab states on Hormuz security. The disruption comes as U.S. crude prices had already topped $100 a barrel last week amid escalating Middle East fighting.

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