Thu. 05/26 – Apple Raises Wages

Apple is attempting to fend off a unionization movement by… paying people more. That Broadcom/VMware deal is real. You can now pay close to $1000 for a Gucci Oura Ring. After a decade of declines, EV battery prices are going up. And the last payphone in New York City is gone.

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Links:

• Apple Boosting Pay Budget for Workers Amid Tight Labor Market (WSJ)
• Leaked Audio: Apple VP Gives Apple Store Workers Anti-Union Speech (Motherboard)
• Broadcom is acquiring VMware for $61 billion (The Verge)
• Oura collaborated with Gucci to make an 18 carat gold smart ring (Engadget)
• Apple to Keep iPhone Production Flat as Market Grows Tougher (Bloomberg)
• Snowflake stock falls as executives forecast a narrower margin than expected (CNBC)
• Twitter jumps after Musk increases commitment in takeover bid to $33.5 billion, in talks for other funding (CNBC)
• After a Decade of Declines, EV Battery Costs Are To Rise 14% This Year (The Electric/The Information)
• The Trouble With Lithium (Bloomberg)
• NYC's 'last' payphone will be displayed at the Museum of the City of New York (TimeOut New York)