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Budget smartphones are in trouble

The market for budget smartphones is set to shrink as the realities of the memory shortage continue to set in.Surging RAM prices amid the memory shortage are putting heavy pressure on the economics of low-end smartphones, according to recent analysis published this week by global technology research firm Omdia.”Memory costs…

Gold struggles as Hormuz risks, Fed hike bets limit USD weakness

Gold (XAU/USD) struggles to capitalize on the previous day’s bounce from the $4,020 area, or a one-week low, and oscillates in a narrow range during the Asian session on Thursday. The US Dollar (USD) remains on the back foot in the absence of a notable hawkish shift in the FOMC Minutes and acts as a tailwind for the bullion. However, renewed US-Iran hostilities revive inflation fears and bolster bets on a US Federal Reserve (Fed)…

Business

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Fiat’s tiny Topolino EV rolls into US with under-K price tag

Fiat is bringing its tiny electric Topolino to the U.S., offering American buyers a two-seat neighborhood EV that costs less than many used cars but tops out at just 19 mph. The Stellantis-owned brand announced Tuesday that the Topolino is available to order through select U.S. dealers. It starts at…

Markets

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Investing

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