Bad news for your next smartphone purchase: An extended memory chip crunch is upon us, warns Apple CEO Tim Cook. New artificial intelligence projects are outspending the consumer electronics sector on memory, and manufacturers have limited output capacity. Retailers will likely pass those higher costs onto consumers. Also in this episode: A retiree focuses on charitable giving, specialty movie ticket prices climb to $50, and America’s biggest energy port benefits from the Middle East oil tie-up.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

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“What did the council decide on item 42?” — answered with the speaker and the moment.