Business

Apple CEO Tim Cook is visiting China this week for the company’s 50th anniversary while data shows iPhone sales in China rose about 23% in the first nine weeks of the year.

Treasury Secretary Scott Bessent defended recent U.S. strikes on Iran and supported President Trump's 48-hour warning about the Strait of Hormuz; Iran warned it would retaliate if energy infrastructure is attacked.

Thousands remain under evacuation orders on Oahu while the 120-year-old Wahiawa dam is being monitored at near-critical levels, and emergency crews including the National Guard are conducting rescues.

Rachel Jordan, 43, works two jobs and often about 70 hours a week to address roughly $75,000 in student loan debt; her loans are in forbearance while a forgiveness application is reported as still under review.

President Trump posted a 48-hour ultimatum on Truth Social warning the United States would strike Iranian power plants if the Strait of Hormuz is not fully reopened; the strait has been largely closed to commercial shipping for about three weeks and the Treasury Department lifted sanctions on Iranian oil at sea.

The article reports that disruptions in the Gulf — a major source of India's oil, gas and remittances — are raising energy costs and threatening trade and worker earnings, and that Goldman Sachs warned this could lead to slower growth, higher inflation and a weaker currency over the coming year.

A Florida CEO says he used ChatGPT to help price, market and negotiate his Cooper City home, which sold for $954,800—about $100,000 above what real estate agents had recommended, according to Fortune.

Supporters and community leaders took part in the annual AIDS Walk South Dallas 5K on Martin Luther King Jr. Boulevard to raise awareness and connect residents with healthcare services; organizers said more than a dozen prevention groups provided on-site testing and counseling and that over 21,000 people in Dallas County live with HIV and AIDS.

Mojang Studios and Merlin Entertainments announced a $70 million Minecraft World theme park planned for 2027, with concept art showing biomes, Creepers and a Nether dining area; plans for a debut at Chessington World of Adventures are still coming together.

Airports including LaGuardia, Atlanta and Houston reported hours-long TSA security waits, and some domestic passengers are using international checkpoints or TSA PreCheck Touchless ID to move through lines.

Elon Musk posted on X offering to cover TSA employees' pay during the partial government shutdown, and airports are reporting staffing shortages and longer security lines as some officers miss paychecks.

Shahezad Contractor left a tech role to start Cousin's Burger in 2024; his group of halal restaurants reported over $4 million in revenue in 2025 and now operates eight locations across the Northeast.

Rising new-car prices and fuel costs have pushed many buyers toward the larger used-car market, and industry data show a growing wave of recent electric vehicles expected to return from leases in 2026–2027 that could add supply to the used EV market.

The WNBA and the players’ union agreed to a seven-year collective bargaining agreement for 2026–2032 that raises the team salary cap, increases minimum and average pay, expands rosters with developmental spots, and standardizes travel and housing benefits.

Heavy rains on Oahu led officials to order evacuations for about 5,500 people as they warned the 120‑year‑old Wahiawa dam was at risk of imminent failure. Emergency crews, including the National Guard, have been mobilized and authorities reported airlifts of people from a youth camp.

The U.S. Department of Energy announced a public-private plan to develop a 10-gigawatt data center and up to 10 gigawatts of new power generation, mostly natural gas, at the decommissioned Portsmouth enrichment site in southern Ohio, with construction expected to begin this year.

Latrobe and Pittsburgh preserve Fred Rogers' memory with statues, archives and museum exhibits, and Fred Rogers Productions continues the work with children's programming such as Daniel Tiger's Neighborhood.

Chipotle launched a new Cilantro Lime Sauce across U.S. and Canada and says it will be available for a limited time while supplies last.

Minnesota Gov. Tim Walz proposed a tax on social media platforms with more than 100,000 monthly users to raise revenue for workforce training and programs for workers affected by AI-driven job shifts.

Federal Reserve Governor Christopher Waller said he is cautious about current conditions but still sees the possibility of policy rate cuts later this year, citing labor market developments and uncertainty around the war with Iran.

The article reports Nvidia's shares have moved largely sideways recently despite a more than 800% rise from end-2022 through 2024, and investors are watching the company's GTC conference in San Jose for updates on its data-center roadmap and AI revenue outlook.

The Federal Housing Finance Agency proposed updates allowing Fannie Mae and Freddie Mac to accept actual cash value roof coverage and simpler deductible rules for condos, which the agency says should help more buildings qualify for mortgages and reduce some owners' insurance costs.

Reports say Iran struck energy facilities in the Gulf, and Brent crude briefly rose toward $119 before retreating to about $108 a barrel.

Kuwaiti officials reported Iranian drone strikes at the Mina Al-Ahmadi refinery that sparked a fire, and Israeli strikes on Iran’s South Pars gas field were followed by explosions over Tehran.

Sources say Tesla is negotiating to purchase about 20 billion yuan ($2.9 billion) of equipment for solar panel and cell manufacturing from Chinese suppliers, including Suzhou Maxwell. Some items, reportedly including screen-printing lines, will require Chinese export approval and deliveries were said to be requested before this autumn.

Multiple energy facilities across the Gulf have been struck, with some operations suspended and fires reported under control; maritime transits through the Strait of Hormuz have fallen sharply.

A 59-year-old with $930,000 in a 401(k) could potentially retire now, but the article notes she would need to cover living expenses, taxes and health care until Social Security or Medicare begin.

Baker Hughes will provide maintenance, repairs and engineering advisory services for up to 64 aeroderivative gas turbines supporting about 19 FPSOs and the Replan refinery; work began in February 2026 and will be delivered from the company's service center in Petrópolis, Rio de Janeiro.

Labor leaders in Alameda County launched the "Oakland and Alameda Living Wage for All Campaign" and plan to file initiatives for the November ballot that would raise the county minimum wage to $30 an hour. Supporters cited MIT Living Wage estimates showing higher local living costs as a reason for the proposal.

Three new tree farm licences covering about 52,000 hectares in Clayoquot Sound will be managed by the Ahousaht, Hesquiaht and Tla-o-qui-aht First Nations under an agreement with the provincial government, MaMook Natural Resources and financial support from Nature United.