NEW YORK — Jalen Brunson displayed exemplary sportsmanship moments after the New York Knicks clinched their first NBA championship since 1973, approaching San Antonio Spurs coach Mitch Johnson for a respectful embrace before joining his teammates’ celebrations.

The Knicks defeated the Spurs 94-90 in Game 5 of the NBA Finals, capping a dramatic series and ending a 53-year title drought for the franchise. As players stormed the court in jubilation, Brunson first sought out the opposing coach in a gesture widely praised across the basketball community.

In a subsequent appearance on CBS Mornings alongside his father, Knicks assistant coach Rick Brunson, the Finals MVP explained his actions. “I hugged and said what’s up to Coach Johnson from the Spurs first, just to show respect,” Brunson said. “It was just kind of instinct, like how I was raised. I think win or loss, you show respect regardless of the outcome, and I’ve got a lot of respect for them over there.”

The moment stood in contrast to criticism directed at Spurs star Victor Wembanyama and his teammates for reportedly not engaging in traditional post-series handshakes. Only veteran Luke Kornet remained on the court to congratulate the Knicks, drawing attention from commentators including Draymond Green.

Brunson’s gesture aligned with his reputation as a leader who values respect and professionalism. The 29-year-old guard, drafted 33rd overall in 2018, has emerged as one of the league’s premier point guards, leading the Knicks with poise and determination throughout their championship run.

The Knicks’ victory represented a culmination of years of rebuilding under team president Leon Rose and coach Tom Thibodeau. After years of playoff disappointments, the franchise assembled a roster blending veteran experience with youthful talent, anchored by Brunson and supported by key contributors like Mikal Bridges and Josh Hart.

San Antonio, led by the towering Wembanyama, had surprised many with their Finals appearance. The young Spurs team showed promise but ultimately fell short against New York’s experience and defensive intensity. Wembanyama’s performance drew praise for individual brilliance amid the team’s collective disappointment.

The sportsmanship debate highlighted broader discussions about NBA culture and post-series protocols. Traditional handshakes and congratulations have long been part of professional basketball etiquette, symbolizing respect for competition regardless of outcome. Brunson’s actions reinforced those values.

NBA Commissioner Adam Silver has emphasized sportsmanship as a core league principle. The organization typically encourages players to uphold high standards of conduct, particularly in high-stakes playoff environments. Brunson’s conduct was seen by many as a model for younger players.

Brunson, a New Jersey native and son of a longtime NBA player and coach, credited his upbringing for shaping his approach. His father Rick, now on the Knicks staff, instilled lessons about respect and professionalism that have guided Jalen’s career.

The championship victory triggered celebrations across New York City. Fans gathered in Times Square and outside Madison Square Garden, waving team flags and chanting for their heroes. The Knicks organization planned a parade and ring ceremony for the coming weeks.

For Brunson, the title capped an extraordinary individual season. Named Finals MVP, he averaged impressive numbers while leading his team through tough matchups. His leadership extended beyond statistics, fostering team unity and resilience.

The Spurs’ young core, featuring Wembanyama and emerging talents, gained valuable experience despite the loss. Coach Mitch Johnson praised his players’ effort and expressed optimism for future seasons as the franchise continues developing.

Brunson’s post-game gesture earned widespread acclaim from former players, coaches and fans. Social media buzzed with positive reactions, highlighting the moment as a refreshing example of class in professional sports.

The Knicks’ success story serves as inspiration for rebuilding franchises. Under Thibodeau’s defensive-minded system and Brunson’s on-court leadership, New York transformed from perennial underachievers to champions in relatively short order.

As the NBA offseason begins, attention turns to free agency and draft preparations. Both the Knicks and Spurs face important roster decisions that will shape their trajectories for years ahead. Brunson’s contract situation and the Spurs’ development plans will be closely watched.

The 2026 NBA Finals will be remembered for competitive intensity and moments of sportsmanship that transcended the final score. Brunson’s actions reinforced the idea that respect for opponents defines true championship character.

CUPERTINO, California — Apple Inc. will raise prices on its products to offset soaring costs of memory and storage chips, Chief Executive Tim Cook said, citing an unprecedented supply crunch driven largely by demand from artificial intelligence applications.

Cook told The Wall Street Journal in an exclusive interview that the situation had become unsustainable despite the company’s efforts to absorb increases and protect customers. “Unfortunately, price increases are unavoidable,” he said. “We’re doing our best to mitigate the huge increases that are being passed to us, and we’ve been trying to shield our customers from the increases, but the situation has become unsustainable.”

The announcement marks a significant shift for Apple, long known for premium pricing but also for absorbing some component cost fluctuations to maintain competitive positioning. Surging demand for high-bandwidth memory used in AI servers has quadrupled prices in some cases over the past year, according to industry reports.

Memory chips, including DRAM and NAND flash, are critical components in iPhones, Mac computers, iPads and other devices. Suppliers such as Samsung Electronics, SK Hynix and Micron Technology have prioritized AI-related orders, constraining availability for consumer electronics manufacturers.

Apple has not specified which products will see increases or the timing and magnitude of changes. Analysts expect impacts across the Mac and iPad lines first, with potential ripple effects to iPhones in future generations. Morgan Stanley has forecasted possible price hikes of 15 percent or more for some consumer tech products this year.

Cook described the memory shortage as a “hundred-year flood” unlike anything he had witnessed in more than four decades in the technology supply chain. The company continues working with suppliers to secure allocations while exploring alternative sourcing strategies.

The move comes as Apple navigates broader challenges in its supply chain amid geopolitical tensions and rapid technological shifts toward AI integration. The company has invested heavily in custom silicon but remains dependent on external memory providers for key components.

Wall Street reacted with mixed assessments. While some investors viewed the transparency positively, concerns emerged about potential impacts on consumer demand and market share. Apple’s shares dipped slightly following the report, though the company maintains strong financial reserves to weather such pressures.

Industry analysts note that memory price volatility has affected multiple manufacturers. Competitors like Samsung and Dell have also signaled cost challenges, suggesting broader price adjustments across the technology sector.

Apple’s premium positioning has historically allowed it to pass on some costs, but sustained increases could test customer loyalty in price-sensitive markets. The company has previously mitigated pressures through efficiency gains and design optimizations.

Cook emphasized ongoing efforts to innovate and control costs internally. Apple continues advancing its silicon development and exploring new manufacturing partnerships to reduce dependency on volatile commodity markets.

The memory crunch stems primarily from explosive growth in AI data centers operated by companies including Google, Microsoft, Meta and Amazon. These facilities require massive quantities of high-performance memory, diverting supply from consumer device production.

For consumers, the changes could mean higher prices for new iPhones, Macs and other products in coming months. Apple typically announces pricing with new hardware releases at events like its Worldwide Developers Conference or fall product launches.

The development highlights vulnerabilities in global technology supply chains. Experts call for greater diversification and investment in domestic manufacturing capacity to enhance resilience against such disruptions.

Apple maintains a robust balance sheet with significant cash reserves, providing flexibility to manage the situation. The company reported strong services growth and ecosystem loyalty that could help offset hardware price adjustments.

Looking ahead, resolution of the memory shortage depends on expanded production capacity from suppliers and potential moderation in AI infrastructure spending. Until then, price increases appear likely across the industry.

Cook’s comments underscore the challenges facing even the world’s most valuable company in navigating component cost inflation. Apple’s response will be closely watched as a bellwether for the broader consumer electronics sector.

The sharp surge in Yes Bank shares over the past five days has added more than Rs 8,662 crore to the company’s market capitalisation, bringing it to nearly Rs 80,912 crore on Thursday. The stock hit a 52-week high of Rs 25.78 apiece today, skyrocketing 50% in less than three months after hitting a 52-week low of Rs 17.20 apiece in March this year.

The sharp rally in Yes Bank’s share price began after the lender announced a strategic partnership with Northern Arc Capital aimed at expanding access to credit, scaling digital lending and offering debt investment opportunities to customers. The stock has gained 15% in one week, 17% in one month and 19% in 2026 so far. In the longer term, the stock gained 56% in three years and 85% in five years.

Also read: Yes Bank partners with Northern Arc to extend lending offerings

Technical view on Yes Bank

Analysts hold a ‘Sell’ call on the shares of Yes Bank, according to LSEG data on the mean recommendation of 11 analysts. The stock currently has a P/E ratio of around 23x and is trading as one of the top gainers on the Nifty Bank index today.

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Yes Bank’s technical setup has improved, but the risk-reward is no longer as comfortable as it was near the lower end of the range, said Harshal Dasani, Business Head, INVasset PMS. “The stock has seen a sharp short-term move, supported by stronger volumes and a breakout above the earlier supply zone around Rs 24. That confirms better momentum and suggests that the market is no longer treating the stock as purely range-bound. The RSI moving into the stronger zone also shows that buyers have control for now,” he said.
The issue is that the stock is already approaching an important resistance band around Rs 26, where supply can re-emerge, according to the analyst, who added that a clean close above this zone would strengthen the breakout structure and may extend the recovery, but failure to sustain there could lead to consolidation or profit-taking. “The Rs 23 to Rs 24 band is now the key support area. As long as the stock holds above it, the short-term structure remains constructive. A breach of that band would weaken the move and suggest that this was more of a momentum-led bounce than a durable trend reversal. The honest view is balanced: the chart has improved, but the next leg needs confirmation, not assumption,” he said.Also read: Vedanta Aluminium vs Power vs Oil & Gas vs Iron & Steel; which stock should you buy?

Yes Bank Q4 snapshot

Yes Bank reported a 45% year-on-year (YoY) rise in net profit to Rs 1,068 crore for the January-March quarter of FY26. Its net interest income during the quarter under review grew 16% YoY to Rs 2,638 crore.

Net interest margin (NIM) gained 20 bps to 2.7% while asset quality improved. Gross non-performing assets (NPA) ratio declined 30 bps YoY to 1.3%, while net NPA ratio declined 10 bps to 0.2%.

Also read: Yes Bank Q4 Results

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

SAN FRANCISCO — Anthropic’s popular Claude AI chatbot faced intermittent service disruptions affecting users worldwide, with reports of elevated error rates across its platforms prompting questions about infrastructure capacity amid surging demand.

Users attempting to access Claude via claude.ai and associated services encountered issues ranging from slow responses to complete unavailability. Downdetector and social media platforms saw spikes in complaints, with many noting problems specifically with models like Claude Opus.

Anthropic’s official status page confirmed investigations into elevated errors, marking one of several incidents reported in recent weeks. The company has attributed such disruptions to demand outpacing current infrastructure capabilities as adoption of the AI assistant grows rapidly.

The latest reported problems affected core services including the web interface, API and Claude Code. While some outages resolved relatively quickly after fixes were deployed, the frequency has raised concerns among developers and enterprise users reliant on the platform for daily workflows.

Anthropic has not issued a detailed public statement on the most recent incidents beyond status updates. Previous outages have been resolved within hours, with the company monitoring systems and implementing adjustments.

The disruptions come as Claude continues gaining traction as a competitor to other leading AI models. Anthropic has positioned the chatbot as a helpful and reliable assistant, but repeated service interruptions have tested user patience and highlighted challenges in scaling large language models.

Industry analysts point to the “success tax” faced by popular AI services, where rapid user growth strains backend systems. Similar issues have affected other providers during peak demand periods.

For individual users, outages mean temporary inability to generate text, analyze data or engage in conversations with the AI. Enterprise customers with API integrations have reported workflow interruptions, particularly in coding and content creation tasks.

Anthropic has expanded capacity in recent months but faces ongoing pressure to match demand. The company has invested heavily in compute resources while emphasizing responsible development practices.

Social media reactions reflected a mix of frustration and understanding. Users shared screenshots of error messages, with hashtags like #ClaudeDown trending during peak disruption times. Some expressed sympathy for the engineering challenges involved.

The outages have renewed discussions about AI reliability and the need for redundancy in critical applications. Businesses increasingly depend on these tools for productivity, making consistent uptime essential.

Anthropic’s status page remains the primary source for real-time updates. Users experiencing problems are advised to check there before reporting issues through other channels.

This is not the first time Claude has encountered widespread problems. Earlier incidents in June followed patterns of elevated errors during high-traffic periods, often resolving after targeted fixes.

Experts suggest that as AI adoption accelerates, service providers will need robust failover systems and transparent communication to maintain trust. Anthropic has committed to improving stability while continuing model development.

For now, affected users may need to rely on alternative AI tools or wait for resolution. The company typically provides follow-up reports once normal operations resume.

The situation underscores broader challenges in the AI industry as it balances innovation with operational reliability. Companies like Anthropic are navigating unprecedented demand while upholding safety and performance standards.