IREN has signed a multiyear jersey sponsorship agreement with the Golden State Warriors, replacing Rakuten Group Inc., which had held the NBA team's uniform patch rights since 2017 when the league first allowed jersey sponsorships.
The agreement gives IREN branding on Warriors jerseys and reflects the Warriors' focus on companies tied to AI, Mike Kitts, IREN’s chief commercial officer, told Bloomberg. The Warriors “sit in the AI capital of the world,” he said in an interview. “The AI space was really, really interesting to us, and it felt like we had a real opportunity to put a landmark deal together.”
Financial terms of the deal were not disclosed. IREN shares were down 3% on the day, trading at $48.90.
Apple has increased prices across its Mac and iPad lineup, citing rising memory and storage chip costs, while leaving iPhone prices unchanged for now, the Wall Street Journal reported Thursday.
Mac computers now cost roughly 15% to 20% more, while iPad prices increased between 15% and 25%.
The price increases come one week after CEO Tim Cook warned that sharp increases in memory and storage chip costs would likely force Apple to charge more for some products. In a statement, Apple said it had "reached a point where we need to begin raising prices" and added that it had "never seen a component price increase this much, this quickly."
iPhone prices remain unchanged, although the company signaled that additional price increases could follow.
The highly anticipated U.S. core PCE data, the Fed's preferred inflation measure, came in as expected at 8:30 ET.
Core PCE rose 0.3% month over month (MoM) and 3.4% year over year (YoY), matching forecasts, while headline PCE printed slightly cooler at 0.4% MoM and 4.1% YoY.
The data confirms stickiness in inflation, keeping expectations for two Federal Reserve interest rate hikes largely unchanged. However, the fact that it came in line with estimates does ensure there is no additional hawkish shock to the market.
In the meantime, stronger than expected U.S. GDP growth and personal income reinforced the resilience of the US economy.
Bitcoin, therefore, holds steady above $61,000, with gold staying below $4,000 per ounce.
Source
This article is syndicated for educational reading. For the latest updates, visit the original publisher.
Read on coindesk.com
