Apple posts stronger-than-expected Q2 results
Apple’s earnings for the first three months of the year topped expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the quarter’s results.
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Lilly shares plunge after CVS Health drops Zepbound from preferred coverage
CVS Health’s pharmacy benefits manager said weight-loss drugs from rival drugmaker Novo Nordisk will become the preferred options on its standard formulary, or list of covered drugs, as of July 1.
Kohl’s ousts CEO Buchanan after investigation into some vendor transactions
The firing comes at a time when Kohl’s, which operates 1,600 stores across the country, is wrestling with sluggish sales.
Caitlin Clark’s return to Iowa for Fever preseason game commands average paid ticket price of $440
Ticketing tech firm Victory Live, which analyzes sales on the secondary market, said the average paid price for Indiana Fever home games has more than doubled since last season.
Senate votes down resolution to block Trump’s global tariffs
The Democratic resolution forced a vote under a statute that allows them to try to terminate the national economic emergency Trump used to levy the tariffs.
Cheap parcels from China will no longer be duty-free. Here’s what it means for buyers, sellers.
Consumers can expect higher prices and delivery delays when the Trump administration ends a duty-free exemption on low-value imports from China on Friday. But some might benefit.
Inflation cools and Americans step up spending
The slowdown in inflation could be a temporary respite as the widespread tariffs are expected to push up prices in many categories.
Nation’s economy shrank 0.3% in first quarter as trade wars disrupted business
First-quarter growth was slowed by a surge in imports as companies in the United States tried to bring in foreign goods before President Trump imposed massive tariffs.
Pacers advance to second round of playoffs with OT win over Bucks
The Pacers closed the game with an 8-0 run over the final 40 seconds of overtime to eliminate the Bucks in the first round of the playoffs for the second straight season.
Meta launches standalone AI app to compete with ChatGPT
The Meta AI app includes a “discover” feed that lets users see how others are interacting with AI and a voice mode for interacting with the AI.
Don’t think race car drivers are elite athletes? Give their workouts a try.
Physical and cognitive fitness have become a priority for racing teams, both as employee benefits and tools to win championships.
Stronger Caitlin Clark gears up for 2nd WNBA season with upgraded Fever roster
With training camp underway, Indiana Fever star Caitlin Clark is back to work with a new coach, a revamped roster and even higher expectations in her second WNBA season.
UPS to cut 20,000 jobs, close some facilities as it reduces number of Amazon shipments
UPS anticipates closing 73 leased and owned buildings by the end of June.
Major companies face difficult task in estimating impact of tariffs on financial results
Executives at some of the world’s biggest companies are faced with the tricky task of explaining how President Donald Trump’s tariffs are impacting their business as they discuss their latest quarterly reports.
Job openings fell to 7.2 million in March, lowest level since September
Meanwhile, the number of Americans quitting their jobs—a sign of confidence in the economy—rose modestly. And layoffs fell to the lowest level since June.
Consumer confidence index sinks to lowest level in 5 years
The figures reflect a rapidly souring mood among consumers, most of whom expect prices to rise because of the widespread tariffs imposed by President Donald Trump.
Trump to offer automakers some relief on tariffs over worries they could hurt factories
Automakers and independent analyses have indicated that the tariffs could raise prices, reduce sales and make U.S. production less competitive worldwide.
Amazon launches its first internet satellites to compete against SpaceX’s Starlinks
Amazon aims to put more than 3,200 of the satellites into orbit to provide broadband service around the globe.
EPA allowing sale of cheaper, higher-ethanol E15 gasoline this summer
The move pleases farmers and saves consumers a little money at the pump but is frustrating for environmentalists who believe ethanol-blended fuels harm the air and water.
Federal judge tosses lawsuit brought by ex-college basketball players against NCAA
The lawsuit, which included 16 total players who played before June 16, 2016, claimed that the NCAA had enriched itself by utilizing their names, images and likenesses to promote its men’s basketball tournament.