Tim Cook called the memory chip shortage a 'hundred-year flood' in a Wall Street Journal interview, and Elon Musk agreed it's the biggest price jump he's ever seen. Consumer prices on Apple products are already rising.
businessSaturday, July 4, 2026
The chip shortage is back and worse than ever
Elon Musk and Tim Cook rarely agree, but both are sounding alarms on a new memory chip shortage that Cook calls a 'hundred-year flood.' Meanwhile, the energy crunch from data centers is colliding with a heat wave, tripling power prices on the PJM grid. Today's business news is about infrastructure bottlenecks hitting from multiple angles.
Chip and power crunch
Two separate infrastructure crises are converging: a memory chip shortage that threatens supply chains and a power grid strained by data centers and extreme heat.
PJM Interconnection came within 2% of its all-time demand record as a heat wave pushed power prices to triple. Surging data center growth is a structural driver behind the rising demand.
Auto industry under pressure
GM's EV sales are sliding, and a new cheap EV from Slate shows how China's battery tech is reshaping the market.
GM retained the top U.S. sales spot in Q2 but saw EV sales drop sharply. The automaker has no mainstream hybrids to capture the surging hybrid market, leaving it exposed.
Michigan startup Slate launched America's cheapest EV truck at under $25,000, using lower-cost Chinese batteries. The repeal of EV tax credits partly enabled the shift, per Wired.
Founder wisdom and workplace costs
Two pieces examine hidden costs in business: the emotional labor women carry at work and the common mistake new founders make.

Stanford professor Steve Blank says the fatal mistake founders make is skipping customer research before building a product. Multiple outlets are picking up his warning today.
Business Insider reports that white-collar women spend nearly 13 hours a week providing emotional support to colleagues, unpaid and unrecognized, a hidden cost of workplace empathy.
Also today14
A plan to make drugs in orbit is going commercialwww.technologyreview.com
11 Tips to Build Your Blogging Network |www.bloggingfromparadise.com
How much Uber pays employees, from data scientists to engineerswww.businessinsider.com
The Third-Party Exposure Trap: Why Your Security Is Only As Strong As Your Weakest Vendor'sundercodetesting.comT-Mobile discontinues key offers, pushing customers to pay morebit.ly
How Elon Musk Became More Powerful Than Everwww.theatlantic.com
Unstitching Americaphenomenalworld.org
This article examines the existential crisis facing the United States Postal Service (USPS) amid threats of privatization, financial instability, and political pressure. It details how USPS, a constitutionally mandated public service, is being systematically undermined through de
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Astro Teller runt een uitvindersfabriek: 'Radicale innovatie bestaat niet zonder speelsheid'www.tijd.be
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John Deere, the oldest consumer brand among America250's official sponsors (founded in 1837), leverages its deep American heritage — with its iconic yellow and green alongside Coca-Cola red and Levi's blue — while actively working to connect with new generations. The company has
ASA – Scare with Care: Advertising Guidance on Phobias | Ethical Marketing Newsethicalmarketingnews.com
The ASA/CAP has released guidance titled "Scare with Care" addressing how marketers should handle phobias in advertising. The article discusses the ethical considerations marketers need to be mindful of when using fear-based imagery or themes that could trigger severe phobias in
Sophia Kianni, 24-year-old co-founder of AI-powered shopping startup Phia (launched April 2025 with Phoebe Gates), argues that creativity and ingenuity are the No. 1 human qualities that AI cannot replicate or replace. She believes AI helps teams stay in their creative "zone of g
Sebi open market share buy-back norms explained: Eligibility, timeline and impactwww.livemint.com
Sebi has approved the reintroduction of share buy-backs through the open market route, effective from 1 August 2026. The new framework reduces buy-back timelines and prohibits promoter participation. This follows the Finance Minister's Budget 2026 announcement on changes to buy-b