Trump Threatens Apple with 25% iPhone Tariff

 

President Trump threatened Apple and other smartphone manufacturers with at least a 25% tariff on iPhones and similar devices sold in the US unless production shifts to the US. This follows reports of Apple's plans to increase iPhone production in India. Trump stated the tariff, effective late June, would...

Boeing avoids prosecution in 737 Max crash case

 

The Department of Justice (DOJ) announced a deal with Boeing to drop criminal charges related to two fatal 737 MAX crashes that killed 346 people. This follows a previous rejected plea deal. The agreement includes over $1.1 billion in payments, including a crash victims' fund, and an admission...

Trump Announces US Steel, Nippon Steel Partnership

 

Former President Trump announced a "partnership" between U.S. Steel and Nippon Steel, reversing President Biden's blocked acquisition. Trump claims this will create 70,000 jobs and add $14 billion to the U.S. economy. The partnership follows national security concerns raised by Biden regarding the initial acquisition bid. U.S. Steel's...

Boeing Agrees to $1.1 Billion Settlement in 737 Max Crash Case

 

The U.S. Justice Department announced a non-prosecution agreement with Boeing, avoiding a trial over two 737 Max crashes that killed 346 people. Boeing will pay over $1.1 billion, including a $487.2 million criminal fine (partially credited from a previous agreement), a $444.5 million fund for victims' families, and $445...

Booz Allen Layoffs Amidst Trump's Cost Cuts

 

Booz Allen Hamilton, a major US government consultant, announced 2,500 layoffs and lower-than-expected profits due to President Trump's administration cost-cutting measures. The company's non-defense work will shrink significantly, impacting its 36,000-strong workforce by 7%. This follows a federal government review aimed at saving billions in consulting contracts. ...

Trump Threatens Apple with Tariffs Over iPhone Production

 

Donald Trump threatened Apple with a 25% tariff on iPhones sold in the U.S. unless they are manufactured domestically, not in India or elsewhere. This followed reports of Apple planning a $1.5 billion iPhone component production center in India. Apple's stock dropped 3%, representing a $100 billion loss....

Monarch Fintech Raises $75 Million After Mint's Demise

 

Fintech startup Monarch secured $75 million in Series B funding, valuing the company at $850 million. This follows a significant subscriber surge after Mint's shutdown. The funding round, led by Forerunner Ventures and FPV Ventures, will fuel Monarch's growth in the personal finance app market. Monarch distinguishes...

Anker Memorial Day Tech Deals Now Live

 

Major retailers are offering early Memorial Day discounts, with Anker products leading the charge. Significant savings are available on Anker's audio (Soundcore earbuds and headphones), home (smart scales, lamps), mobile (power banks, trackers), security (cameras, smart locks), and vacuum cleaner lines. Deals include Anker Soundcore P40I earbuds for...

Trump Threatens Apple with iPhone Tariffs

 

Donald Trump threatened Apple with a 25% tariff on iPhones sold in the US unless production shifts from India to the US. Trump's statement followed Apple's plans to source iPhones from India to avoid existing tariffs on Chinese-made goods. Apple's stock fell 3% after the threat. Trump...

RedBird Capital Buys Daily Telegraph Newspapers

 

RedBird Capital, a US firm, has agreed to acquire the Daily and Sunday Telegraph newspapers from Lloyds Bank. This follows a two-year ownership void after the Barclay family defaulted on debts. An earlier bid involving RedBird and Sheikh Mansour was blocked due to government regulations preventing foreign government...