Author: BLMS MEDIA
Todd Weaver has an important message for Apple as it faces growing demands by President Donald Trump to reshore some of its smartphone production: Don’t listen to the conventional wisdom. Experts have long said that manufacturing iPhones in the U.S., rather than Asia, as Apple does, would be logistically impossible and ridiculously expensive. But Weaver argues companies can indeed do it successfully, and at a similar or only slightly higher cost—if given several years to navigate the inevitable complications. Weaver should know: His startup, Purism, is among the few, if not the only business, that assembles smartphones in the U.S.…
US President Donald Trump and Chinese leader Xi Jinping – Getty Images/Reuters A new round of trade negotiations between the United States and China is set to begin Monday in London as both sides try to preserve a fragile truce brokered last month. The fresh talks were announced last week after a long-anticipated phone call between US President Donald Trump and Chinese leader Xi Jinping, which appeared to ease tensions that erupted over the past month following a surprise agreement in Geneva. In May, the two sides agreed to drastically roll back tariffs on each other’s goods for an initial…
Buy now pay later users are increasingly paying much later. Klarna, one of many companies that allow users to purchase something now and pay in installments over time, said last month consumer credit losses in the first three months of the year rose 17% from a year ago. Klarna attributed the increase to “significant growth…As Klarna issued many more loans during the quarter, the total dollar value of losses naturally rose as a result of increased volume.” Still, Klarna’s global percentage of unpaid loans inched up to 0.54% from 0.51%, and earlier surveys mirror that uptick. A survey by LendingTree showed 41%…
After years of fitful progress, Americans with 401(k) accounts are finally saving enough for retirement – almost. That’s the takeaway from the latest retirement savings report from Fidelity, a leading plan manager. In the first three months of 2025, the total 401(k) savings rate on Fidelity plans reached 14.3%. That’s an all-time high, and it approaches the 15% benchmark that many financial advisers set for optimal retirement savings. Advertisement: High Yield Savings Offers Powered by Money.com – Yahoo may earn commission from the links above. A decade ago, in the first quarter of 2015, employees contributed 8.1% of their pre-tax…
Boeing’s Air Force One project has fallen years behind schedule and billions of dollars over budget amid continued labor and design hiccups. The Government Accountability Office said in a report this week that “ongoing design issues, modification rework, and workforce challenges” are still plaguing the manufacturer. The Trump administration has resorted to procuring a $400 million jet from Qatar to serve as the interim Air Force One. Boeing is continuing to battle production issues plaguing the jets that will serve as Air Force One, according to the Government Accountability Office (GAO). The Pentagon told the congressional auditors that “ongoing design…
(Bloomberg) — It’s the kind of geopolitical flashpoint that might once have triggered a full-blown market meltdown: Israeli warplanes struck Iranian nuclear sites, Tehran vowed revenge — then followed through. Oil spiked. Most Read from Bloomberg Yet in a year where crises have come in waves, traders from London to New York opted to hold their breath rather than flee en masse. Yes — gold climbed, stocks slid and bonds seesawed, but there was no big stampede. The S&P 500 finished the week down modestly and remains less than 3% below its record high. Crude gave back some of its…
Everyone should keep an eye on this Persian Gulf island originally appeared on TheStreet. Kharg Island is a small island in the Persian Gulf. It lies 16 miles off the northwest coast of Iran. It’s 451 miles from Tehran, Iran’s capital — roughly the distance from Detroit to New York City. It is just five miles long, about 40% the size of New York’s Manhattan Island. And 125 from Iran’s border with Iraq. 💵💰Don’t miss the move: Subscribe to TheStreet’s free daily newsletter💰💵 It is also unique in the Persian Gulf. The island’s limestone foundation allows it the luxury of fresh…
(Bloomberg) — President Emmanuel Macron said France would be available to conduct joint exercises to improve security in Greenland, the Danish territory coveted by US President Donald Trump. Most Read from Bloomberg “Greenland is subject to preying ambitions,” Macron told reporters in Nuuk, Greenland, Sunday alongside Danish Prime Minister Mette Frederiksen. “Everyone thinks — in France and in the EU — that Greenland shall neither be sold nor taken.” The French President said a US annexation would be a “crazy” scenario and called for joint exercises in the Arctic region, including Baltic and Nordic states, with Canada and even with…
simonapilolla/Envato Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Retirees are flocking to some states in droves. While their motivations aren’t entirely clear, the growing cost of living — especially property taxes — is a likely factor. A John Burns Research and Consulting study ranked states based on their highest and lowest median property tax rates. Advertisement: High Yield Savings Offers Powered by Money.com – Yahoo may earn commission from the links above. Those who are ready might look to West Virginia and South Carolina — two states standing out as retiree…
Senate Finance Committee Chair Mike Crapo on Monday unveiled a long list of changes to how the GOP’s “big, beautiful bill” would execute a major tax revamp and Medicaid cuts — two of the thorniest policy fights in the sweeping legislation. The release comes after closed-door negotiations between Crapo and his colleagues over how far to go in revising the draft of the tax, immigration, energy and defense megabill approved late last month by the House. And the changes could potentially delay the legislation lawmakers are now trying to rush to President Donald Trump’s desk by their July 4 recess.…