Apple Stock Rally Pushes Nasdaq Near a Record
Apple shares gained 5.1% after a White House official said the iPhone maker will pledge a $100 billion U.S. manufacturing commitment on Wednesday. Other shares of tech behemoths also advanced: Amazon.com shares climbed 4%, Tesla rose 3.6% and Meta Platforms added 1.1%.
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Yahoo
a minute ago
- Yahoo
US FAA issues ground stop for United Airlines flights at several airports
WASHINGTON (Reuters) -The U.S. Federal Aviation Administration said on Wednesday it issued a ground stop for United Airlines flights at several U.S. airports while the company itself said its teams were working to resolve a tech outage as soon as possible. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Boston Globe
3 minutes ago
- Boston Globe
McDonald's sales return to growth, pushed by promotions
Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up NONPROFITS Advertisement Federal government restarts order for R.I.-based Edesia to ship food to children in Africa Edesia Nutrition CEO Navyn Salem walks past a delivery truck sitting idle at the company's North Kingstown, R.I., facility where they make Plumpy'Nut, a nutritional lifesaving peanut paste sent to malnourished children worldwide, on March 14. David Goldman/Associated Press After months of limbo, a backlog of 185,000 boxes of food intended for malnourished children around the globe that have been sitting in a Rhode Island warehouse following the dismantling of US Agency for International Development earlier this year will finally be on their way to Africa. Navyn Salem, CEO of the North Kingstown-based nonprofit Edesia Nutrition, wrote in an email on Wednesday that the US State Department issued a tender on Tuesday for 11,285 metric tons of Ready-to-Use-Therapeutic, or RUTF, — 'enough life-saving food for 818,000 severely malnourished children in Nigeria, Kenya, Ethiopia, Mali, South Sudan, Chad, Madagascar, Niger, Sudan, Djibouti, and DRC.' The food is the first new federal government order to the nonprofit in months, and Edesia expects another order soon, Salem confirmed. Separately, Salem wrote the '185,535 boxes that have been sitting in our warehouse in RI have been assigned to Nigeria and the Central African Republic and will be on their way very soon.' 'We persevered,' Salem wrote. 'By not letting up or giving up, we held America to its ideals as a force for good in the world.' — CHRISTOPHER GAVIN Advertisement TECH Trump announces Apple investing another $100 billion in US manufacturing Apple CEO Tim Cook speaks as President Trump looks on in the Oval Office on Aug. 6. Alex Brandon/Associated Press Apple CEO Tim Cook joined President Trump at the White House on Wednesday to announce a commitment by the tech company to increase its investment in US manufacturing by an additional $100 billion over the next four years. 'This is a significant step toward the ultimate goal of ensuring that iPhones sold in the United States of America also are made in America,' Trump said at the press conference. 'Today's announcement is one of the largest commitments in what has become among the greatest investment booms in our nation's history.' As part of the Apple announcement, the investments will be about bringing more of its supply chain and advanced manufacturing to the United States as part of an initiative called the American Manufacturing Program, but it is not a full commitment to build its popular iPhone device domestically. 'This includes new and expanded work with 10 companies across America. They produce components — semiconductor chips included — that are used in Apple products sold all over the world, and we're grateful to the President for his support,' Cook said in a statement announcing the investment. The new manufacturing partners include Corning, Coherent, Applied Materials, Texas Instruments and Broadcom among others. Apple had previously said it intended to invest $500 billion domestically, a figure it will now increase to $600 billion. Trump in recent months has criticized the tech company and Cook for efforts to shift iPhone production to India to avoid the tariffs his Republican administration had planned for China. — ASSOCIATED PRESS Advertisement RETAIL Claire's, teen jewelry chain, files for bankruptcy a 2nd time People shop at a Claire's in New York in 2018. Seth Wenig/Associated Press Claire's, the jewelry chain that was once an inescapable part of life for many teens, filed for bankruptcy a second time Wednesday, joining other retailers who have struggled amid the growth of online shopping and the uncertainty set off by tariffs. The company filed for Chapter 11 bankruptcy protection in Delaware. It said in a statement that it also planned to start insolvency proceedings in Canada that would allow it to restructure. 'This decision is difficult, but a necessary one,' said Chris Cramer, Claire's CEO, adding that the company was discussing its future with 'potential strategic partners.' He cited increased competition, consumer spending trends and the company's debt obligations. Stores in North America will remain open as the company explores alternatives, the statement said. Claire's, which is based in Hoffman Estates, Ill., operates more than 2,750 stories in 17 countries across North America and Europe, according to its website. — NEW YORK TIMES ARTIFICIAL INTELLIGENCE Advertisement OpenAI offers ChatGPT for $1 a year to US government workers The OpenAI logo. Gabby Jones/Bloomberg OpenAI is providing access to its ChatGPT product to US federal agencies at a nominal cost of $1 a year as part of a push to get its AI chatbot more widely adopted. The move comes after the General Services Administration announced it approved OpenAI, along with Alphabet Inc.'s Google and Anthropic, as vendors in its new marketplace allowing federal agencies to buy AI software at scale. OpenAI is offering the enterprise version of its ChatGPT product, which includes enhanced security and privacy features. The US government's central purchasing arm has used its buying power before to negotiate discounts with software providers like Adobe Inc. and Salesforce Inc. But the $1-a-year pricing from OpenAI is the deepest yet, and the first for an artificial intelligence company, according to a GSA official familiar with the matter. The terms of the contracts with Google's Gemini and Anthropic's Claude haven't been disclosed. Besides encouraging more applications of its ChatGPT product — which now has nearly 700 million users a week — OpenAI executives said the government discount would help deliver on the White House's action plan for federal agencies to integrate new AI tools in their work. 'The focus of this effort is not to gain a market advantage over competitors. It is to scale the adoption of artificial intelligence across the federal workforce,' said Joe Larson, vice president of government at OpenAI, said in an interview. 'The private sector is embracing AI. We don't believe the government should be left behind.' — BLOOMBERG NEWS HIGHER EDUCATION College applications rise outside US as Trump cracks down on international students Graduating students take photos outside Senate House at Cambridge University in England on May 17. 2024. Joe Giddens/Associated Press In China, wait times for US visa interviews are so long that some students have given up. Universities in Hong Kong are fielding transfer inquiries from foreign students in the United States, and international applications for British undergraduate programs have surged. President Trump's administration has been pressuring US colleges to reduce their dependence on international enrollment while adding new layers of scrutiny for foreign students as part of its crackdown on immigration. The US government has sought to deport foreign students for participating in pro-Palestinian activism. In the spring, it abruptly revoked the legal status of thousands of international students, including some whose only brush with law enforcement was a traffic ticket. After reversing course, the government paused new appointments for student visas while rolling out a process for screening applicants' social media accounts. The United States remains the first choice for many international students, but institutions elsewhere are recognizing opportunity in the upheaval, and applicants are considering destinations they might have otherwise overlooked. The impact on US universities — and the nation's economy — may be significant. New international enrollment in the United States could drop by 30 percent to 40 percent this fall, according to an analysis of visa and enrollment data by NAFSA, an agency that promotes international education. That would deprive the US economy of $7 billion in spending, according to the analysis. Many international students pay full price, so their absence would also hurt college budgets. — ASSOCIATED PRESS Advertisement
Android Authority
3 minutes ago
- Android Authority
This $100 discount makes the Motorola Razr 2025 my favorite budget flip phone
Ryan Haines / Android Authority Motorola Razr (2025) I absolutely love flip phones, mainly because I am a fan of smaller devices. There's also the novelty factor; these are really cool and always spark conversations. My main issue is that they also tend to be very expensive. Things are changing, though, and there are now very accessible devices with a foldable screen. If I had to spend my hard-earned money, I would go for the Motorola Razr 2025, which is now $599.99 thanks to a $100 discount. Buy the Motorola Razr 2025 for just $599.99 ($100 off) This offer is available from Amazon. The device is at an all-time low price, and the discount applies to all color versions available. This includes Pantone Gibraltar Sea, Pantone Lightest Sky, Pantone Parfait Pink, and Pantone Spring Bud. Motorola Razr 2025 Motorola Razr 2025 The most affordable 2025 Razr A good looking 6.9-inch folding display is paired with a 3.6-inch external display to make up a compact folded phone, with few compromises at full-size. The Motorola Razr 2025 is powered by a MediaTek Dimensity 7300X and 8GB of RAM, a 50MP camera, and a 4,500mAh battery. See price at Amazon Save $100.00 Not all of us need a high-end device, right? In fact, I usually recommend cheaper phones to casual users. Modern budget phones have gotten really good, and now you can even get a phone with a foldable screen at a very reasonable price. In fact, we've previously mentioned that the Motorola Razr 2025 is the best first flip phone to get! Especially if you can save an extra $100 on the already affordable price. Again, remember foldable flip phones tend to be pricey compared to other traditional phones with the same specs. While this also applies to this one, the Razr is much more competitive than we're used to. The phone is actually built pretty nicely. It comes with an aluminum frame and a stainless steel hinge, making it pretty sturdy. It also comes in a variety of unique colors, making it a very fun device to rock. I especially love the back, which is made of vegan leather, making it both unique and more comfortable to hold. It's a phone with a lot of personality! And if you care for water and dust resistance, it also gets an IP48 rating. Ryan Haines / Android Authority The specs include a MediaTek Dimensity 7400X processor and 8GB of RAM. This is nothing to write home about, but these components make the phone capable enough for most casual tasks, some gaming, and relatively heavy processing. The Motorola Razr 2025 also has a surprisingly nice screen, considering the price point. The 6.9-inch LTPO AMOLED panel features a Full HD+ resolution and a 120Hz refresh rate. It will look as good as most of the devices in our list of the best Android phones! But if you want to save energy or prefer not to unfold the device, there'/s a pretty nice 3.6-inch external display for quick tasks. The battery is not really big at 4,500mAh, but that is actually very reasonable in the world of flip phones. You can recharge at 30W wired or 15W wirelessly. Remember, this is a record-low price! Such deals don't come often and usually go away pretty fast. Take advantage of this deal while you can. Follow
