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Apple (NASDAQ) raised prices on several MacBook and iPad models, including lifting the entry-level MacBook Neo from $599 to $699.

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.

Micron Technology (NASDAQ:MU) briefly moved ahead of Meta Platforms (NASDAQ:META) by market value after its AI-driven memory chip forecast lifted the stock more than 18%.

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.

Kroger (NYSE:KR) announced that its Board of Directors approved an 11% increase in the annual dividend from $1.40 to $1.56 per share.

HUTCHMED (NASDAQ:HCM) reported pivotal Phase II data for fanregratinib in pretreated advanced intrahepatic cholangiocarcinoma, with an IRC-assessed objective response rate of 42.5%.

MIRA Pharmaceuticals (NASDAQ:MIRA) reported new preclinical data for Mira-55, its cannabinoid analog candidate for the treatment of chronic inflammatory pain.

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.

GE Aerospace (NYSE:GE) declared a quarterly dividend of $0.47 per share on its outstanding common stock.