News Summary

• Apple rammed through hefty price increases for many of its popular devices.
• It's a pattern that's becoming increasingly common across the consumer electronics industry.
• Big Tech sits on some of the largest cash piles in history while reporting consistently strong profit margins.
• But as Big Tech sheds trillions to finance ever-larger AI server farms -- and turns to debt markets to get the cash -- it's facing new skepticism.
• The Magnificent Seven, a moniker for the most dominant companies in the stock market, includes Apple, Microsoft, Alphabet (Google), Amazon, Nvidia, Meta and Tesla.