NEW YORK (AP) — College administrators read an adjunct professor’s comments to students on personal essays. Managers told a pharmacist to spen…

As Silicon Valley invents the artificial-intelligence future, a growing community of hobbyists is preserving the classic computers that helped launch the digital revolution. These hardware enthusiasts collect and restore decades-old Atari, Commodore and IBM machines that are ancestors to today’s laptops, wearable devices and smartphones. Collectors spend countless hours repairing clunky, obsolete machines that most users ditched in the '80s. The community's passion was evident at the Vintage Computer Festival held in Silicon Valley in early August.

Apple posted a solid fiscal third quarter on Thursday, climbing past Wall Street’s expectations thanks to strong sales of the iPhone and MacBook computers. Apple raised the prices of its Macs and iPads last month, citing a memory-chip shortage brought on by the artificial intelligence boom. The company had called the demand spike an “unprecedented challenge” for the consumer electronics industry. While it hasn’t yet raised iPhone prices, analysts and consumers expect that to happen later this year.

The Federal Reserve is expected to keep its key interest rate unchanged when it meets Wednesday, but chair Kevin Warsh is under increasing pressure to hike rates soon, a move that could provoke ire from President Donald Trump, who appointed him. The Iran war has reignited, pushing oil and gas prices higher — a trend that will worsen inflation in the coming months. Soaring investment in the artificial intelligence buildout is raising the cost of laptops, smart phones and electricity, and price hikes from tariffs could be in the pipeline. All those trends might lead to only temporary price increases. Yet inflation, according to the Fed’s preferred measure, has topped its 2% target for more than five years.