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US consumer spending accelerated in May even as prices rose at the fastest pace in more than three years, suggesting Americans are powering through the fallout from the Iran war. Rob Sockin, Chief US Economist at PGIM Credit, reacts to the PCE data and explains how the Fed might react to the numbers.

On this episode of Stock Movers: - IBM (IBM) shares gained in premarket trading on Thursday after the technology giant unveiled the world's first sub-1 nanometer (nm) chip technology. - McCormick (MKC) is moving after it reported second-quarter profit that beat estimates, buoyed by higher prices and a tariff refund, and reaffirmed its full-year guidance. - Darden Restaurants (DRI) shares fell after its same-store sales at Olive Garden trailed expectations, raising questions about demand at the company's largest chain and overshadowing better-than-expected earnings.

Humanoid robots are getting smarter and moving closer to the real world. But before they can work alongside humans, Nvidia says they need something even more important: the ability to recognize danger and react in an instant. Bloomberg's Ed Ludlow speaks with Deepu Talla, Vice President of Robotics and Edge AI at Nvidia, about the technology designed to make that possible.

JPMorgan Chase & Co. named Troy Rohrbaugh and Doug Petno co-presidents after the retirement of consumer banking chief Marianne Lake. Katherine Doherty reports on Bloomberg Television.

Apple customers may experience sticker shock next time they look to buy one of many products. the company is raising prices of Macs, iPads, home devices, and the Vision Pro to offset cost hikes caused by a shortage of memory chips and storage. Prices for iPhone, Apple Watch and AirPods stay the same. Mark Gurman reports.

Ford CEO Jim Farley says that a culture change at the automaker lead to Ford becoming a "four-year overnight success." Farley also says American workers are beating the likes of Toyota and Hyundai in terms of vehicle quality. Farley spoke with Bloomberg's Matthew Miller.

Apple is raising prices on several products to offset cost hikes caused by a shortage of memory chips and storage. Prices are going up for the MacBook Neo, MacBook Pro, MacBook Air, iPad Air and iPad Pro. Price hikes are global and vary by product.

US consumer spending accelerated in May even as prices rose at the fastest pace in more than three years. Inflation-adjusted consumer spending rose 0.3% from a month earlier. The personal consumption expenditures price index rose 4.1% last month from a year earlier. Enda Curran reports.

Bill Dudley, former New York Fed President and Bloomberg Opinion columnist, says streamlining the Federal Open Market Committee's policy statement is appropriate, but Federal Reserve Chairman Kevin Warsh needs to make changes with greater care than he has shown to date. Dudley says Warsh may risk confusing markets and the central bank itself. His opinions are his own.

The US Senate rejected a resolution to end the war with Iran as two Republicans flipped their votes hours after President Donald Trump confronted GOP senators for backing an earlier resolution to end the conflict. Kate Ackley of Bloomberg Government has more.

Dubai Holding is exploring an investment in private equity-backed data center builder Hscale, Alex Dooler reports.

Sebastian Raedler, head of European equity strategy at Bank of America, discusses his concern that the tech rally is overdone after US chipmaker Micron gained on a blockbuster sales forecast. "Who is going to pay for this capital expenditure that is basically fueling the Micron demand," Raedler asks during an interview on Bloomberg Television.