Author: BLMS MEDIA
Apple chief Tim Cook says most of the iPhones brought into the United States will originate in India as the tech company tries to soften the blow from the US trade war with China (SONNY TUMBELAKA) Apple on Thursday reported first-quarter profit above expectations but warned that US tariffs could cost the company and were disrupting its supply chain. Apple expects US tariffs to cost $900 million in the current quarter, even though their impact was “limited” at the start of this year, chief executive Tim Cook said on an earnings call. Cook said he expected “a majority of iPhones…
Mortgage rates have dropped over the early months of 2025, offering homebuyers an opportunity for some borrowing relief if they move ahead with the big-ticket purchase. The housing market remains sluggish and wider economic uncertainty looms, however. President Donald Trump’s tariffs threaten to upend global trade and tip the U.S. into a downturn, experts said. Federal Reserve Chair Jerome Powell warned on Wednesday of a possible resurgence of inflation, which could trigger higher interest rates. The mixed signals pose a quandary for homebuyers: Is it the right time to get into the market? Lower mortgage rates ease the financial pain…
halbergman/Getty Images A bottle of champagne on a table in a private jet. How much money, exactly, do you think you need to have in order to feel rich? According to a new survey by GOBankingRates, that number is getting higher and higher. GOBankingRates released the findings of its latest survey exploring Americans’ perceptions of what “rich” really means, at least when it comes to their finances. The findings included “how much total money they would need in savings and investments to feel financially secure, whether or not they believe they will achieve millionaire status, and whether or not they…
Elon Musk has been a fixture in Washington since Donald Trump became president, but he’s stepping away from DOGE to refocus on Tesla.Graeme Sloan/Getty Images Elon Musk is stepping back from DOGE to focus on Tesla, as the company faces many challenges. BI spoke to four people who worked with him about what the billionaire is like as a company leader. One said Musk was Tesla’s “product manager” but questioned whether that’s what the embattled company needs. Elon Musk is turning his attention back to Tesla — and apparently for the long haul. The question is whether Musk’s rededication to…
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…