Latest news with #iPhone
The Sun
28 minutes ago
- General
- The Sun
M'sian calls out parents for refusing to save for her education
'Why do the children have to suffer?' - M'sian calls out parents for refusing to save for her education A young Malaysian has taken to X to anonymously unleash her fury over her parents' 'terribly bad' financial decisions, specifically their refusal to save for their children's education. In a raw and emotional post, the girl revealed the stark reality: despite earning salaries 'in the tens of thousands,' her parents have made a conscious choice to have 'no savings at all for the children's education.' The reason behind this decision, according to the frustrated youth, is a deeply ingrained generational pattern. The parents, mirroring their own upbringing, have opted not to fund their children's schooling. 'The reason: because their parents didn't do it that way before. ALSO READ: Middle-class dad earning RM10k feels financial strain 'I'm hurt by my own parents who were obviously struggling, why do the children have to suffer too?' This candid and heartbreaking post quickly gained traction, with many netizens coming to the parents' defense. One user, @notUrAvarageSir, retorted, 'Want to say it's their responsibility? Want to say who asked you to be born? Want to say you didn't even ask to be born? Wrong, no, you have to remember, there are small children who are abused, parents who sell their own children, children who are abused. It's good that your parents gave you a place to shelter and gave you food, you should be grateful, don't be ignorant.' Adding to the criticism, @eltheroo suggested the teen's lifestyle might be a contributing factor: 'Feels like you're the one who gobbled up all their money, right? Latest iPhone, eating at T20-level buka puasa buffets, own car (I assume). Suddenly want to bring it up. Here, just go to a government university like the others, it's not like you'll die. Or even community college is cheap, your monthly allowance can cover it.' Another netizen echoed the sentiment of self-reliance, commenting, 'Why don't you, the anonymous one, try working and finding money yourself? Only then will you know how difficult it is to earn a living to feed you from small until you're grown up.'
Yahoo
an hour ago
- Business
- Yahoo
Trump tariffs live updates: Court of International Trade deems majority of tariffs 'unlawful'
The US Court of International Trade has voted to block the vast majority of President Trump's global tariffs after deeming the method used to enact them 'unlawful'. This places most of the tariffs on an indefinite hold while the administration appeals the decision through the Supreme Court. Tariffs impacted include the flat-rate 'reciprocal' tariffs aimed at US trade partners as well as and key China-focused duties, while leaving some duties, specifically those covering steel, aluminum, and certain Chinese goods, intact. Prior to the court's decision, President Trump on Wednesday criticized an emerging Wall Street trading philosophy in response to his ever-shifting tariff policies. The term "TACO" trade — short for "Trump Always Chickens Out" — has come in response to Trump's frequent pattern with tariffs: High tariffs send markets reeling until Trump backs off. Trump called a reporter who asked him about the term "nasty" before defending his strategy as one that has helped the US gain leverage in trade negotiations. "It's called negotiation," he said. Negotiations have continued in earnest this week, with an FT report on Wednesday saying India has offered the US steep tariff cuts but is seeking to retain high duties on some agricultural commodities. India is not the only trading partner seeking a tariff reprieve. On Wednesday, the EU trade chief Maroš Šefčovič said the European Commission is discussing with the US possible cooperation in sectors such as semiconductors, steel, and aerospace, and is in search of a deal to limit tariffs. The European Union has agreed to fast-track trade talks with the US in a bid to avoid Trump's 50% tariffs — which, in an about-face, he announced would be delayed until July 9. Šefčovič said the EU held "good calls" with Trump administration officials on Monday after the close trading partners moved forward with negotiations amid Trump's tariff-fueled push to rework global trade relationships. Trump had been frustrated with the pace of negotiations, saying last week that the bloc has been "very difficult to deal with." Meanwhile, Apple (AAPL) remains in high focus after Trump said the company would face 25% tariffs if it didn't move iPhone production to the US. He later said that would apply to other phone makers, including Samsung ( Nvidia (NVDA) is also set for a high-stakes earnings report Wednesday, its first since many of the tariffs went into effect. Its stock has swung wildly this year amid Trump's tariffs and other moves. Live updates: Nvidia's earnings report Here are the latest updates as the policy reverberates around the world. The decision's focus on IEEPA immediately throws into doubt some of the most far-reaching of Trump's tariff actions since taking office. Most notably, those include his "Liberation Day" tariffs of 10% on nearly the entire world, as well as the current threat of higher tariffs on countries that fail to reach a deal during his 90-day pause. The president has also relied on IEEPA to impose duties on nations such as Mexico, Canada, and China, claiming that the nations' failure to curb the flow of illegal drugs and migration into the US threatened US national security. [...] Duties based on other laws like those Trump has imposed on certain aluminum and steel products are not included in the court's decision. Recent duties on automobiles imposed by the president use so-called Section 232 tariff authority derived from a separate law called the Trade Expansion Act of 1962. The tariffs on steel and aluminum also rely on Section 232. Read more here. President Donald Trump's tariffs have been deemed illegal and blocked in a landmark trade court ruling that ruled the president used unlawful emergency powers by imposing broad levies on imports. The decision suspends Trump's flat-rate tariffs and key China-focused duties, while leaving some tariffs, specifically those covering steel, aluminum, and some Chinese goods, intact. The ruling, issued by the Court of International Trade, is set to be appealed and could reach the Supreme Court. Investors are watching closely, as the outcome will reshape the global trade landscape and has huge ramifications on trust in Trump as a market manager. Markets, already volatile amid ongoing tariff uncertainty since the April 2 executive order, reacted swiftly to the news with major gauge futures making leaps of up to 2%. Bloomberg reports: Read more here. President Trump on Wednesday criticized an emerging Wall Street trading philosophy in response to his ever-shifting tariff policies. The term "TACO trade" — apparently first coined by the Financial Times early this month — has been flying around Wall Street in recent weeks and entered even more into the public consciousness over the past few days. The acronym stands for "Trump Always Chickens Out." The pattern is clear: Trump announces heavy tariffs, sending markets reeling until he backs off, sending markets flying. A reporter asked Trump at the White House on Wednesday for his response to the school of thought. He did not appear to be aware of the acronym, but was also not pleased to learn its meaning. "Isn't that nice ... I've never heard that," he said, before launching into a defense of recent moves. Earlier in May, the US reached a detente with China after the countries imposed massive tariffs on each other. Then last week, Trump announced massive 50% tariffs on EU imports, only to backtrack a couple days later and push back his deadline for more negotiating time. "After I did what I did, they said, 'We'll meet anytime you want,'" Trump said of the EU. He said of China, "In many ways, I think we really helped China tremendously." "Don't ever say what you said," Trump then told the reporter. "That's a nasty question." AutoZone's (AZO) management said on Tuesday that inflation from tariffs hasn't had a major impact on costs yet because it takes a while for its products to ship to the US. However, executives at the auto parts retailer said they expect inflation to accelerate if substantial tariffs remain in place. "I think one of the reasons that you haven't seen a lot of the tariff cost in our side of the business is ... most of our inventory turns relatively slow compared to many other industries, hard parts in particular," AutoZone CEO Philip Daniele said on the company's fiscal third quarter earnings call. "And that product just hasn't shown up here in the country. And as you know, this stuff has changed pretty significantly over the last 90 days or 120 days. I mean there will be an impact to tariffs on the cost of goods." AutoZone reported SKU inflation of 1% for the quarter and said it expects to see inflation of 3% over time. The company sources many of its products from China and other East Asian countries, Eastern Europe, and Mexico. AutoZone CFO Jamere Jackson noted that, other than tariffs, a lot of the drivers of cost increases have come down, particularly freight prices. "However, if we do see significant tariffs, that will indeed have an inflationary impact," Jackson stated. Reuters reports: German carmakers BMW, Mercedes-Benz and Volkswagen are in talks with the U.S. Department of Commerce on a tariff deal that would involve a mechanism to offset imports and exports, the Handelsblatt business daily reported on Wednesday. In return for tariff relief, the companies could invest billions in the United States, the report said citing company sources. It did not give a more exact sum. Reuters reports: Read more here. Yahoo Finance's senior reporter Hamza Shaban reports on Wall Street's dilemma with Trump's tariffs: Read more here. More retailers are feeling the impact of Trump's tariffs as both Macy's (M) and Michael Kors parent company Capri (CAPR) lowered their annual profit and revenue forecasts on Wednesday, citing tariffs as the cause. Capri cut its revenue forecast for 2026, signaling that tariff-related uncertainty was weighing on demand for its handbags and accessories in North America and Asia. Macy's followed in a similar fashion: Yahoo Finance senior reporter Brooke DiPalma said the company reaffirmed its sales guidance, but revised its earnings outlook due to uncertainty surrounding tariffs, consumer sentiments, and the competitive landscape. Macy's is facing multiple macro headwinds as consumer sentiment sags, costs rise with Trump's tariffs, and trends grow toward e-commerce and direct-to-consumer. Read more here. Reuters reports: Read more here. India has offered steep cuts to its import tariffs on a range of goods in talks with the US, but is said to be retaining high duties on certain agricultural commodities, according to people familiar with the negotiations. The FT reports: Read more here. Reuters reports: Read more here. As the US and European Union negotiate a new trade deal to avoid President Trump-imposed tariffs, it's worth taking a moment to note that the US and the EU have the largest bilateral trade relationship in the world. According to the Council of the European Union (and converted to USD), the transatlantic trade in goods and services topped 1.8 trillion in 2023 after a post-pandemic surge: A measure of tariff revenue has spiked this month as importers paid the baseline "Liberation Day" tariffs that went into effect on April 5, along with other duties set by President Trump. Government receipts for "Customs and Certain Excise Taxes" have already topped $22.3 billion this month, according to Treasury Department data. Yahoo Finance's Ben Werschkul reports: Read more here. Yahoo Finance's Jennifer Schonberger reports: Read more here. Yahoo Finance's Josh Schafer reports: Read more here. The Chinese Premier Li Qiang has urged Southeast Asian and Gulf states to help create a 'big market', in a bid to counter US efforts to isolate China's economy. Bloomberg News reports: Read more here. Reuters reports: Read more here. Retailers, who have suffered under Trump's tariffs, are increasingly warming to offers to sell in order to escape market volatility that has caused company valuations to seesaw in recent months, according to a report in Reuters. Reuters reports: Read more here. Bloomberg News reports: Read more here. Malaysia's Trade and Industry minister Zafrul Aziz said that the US reducing its proposed tariffs on Malaysia to 10% is a positive move, conceding that a previously hoped for levy of zero may not be possible. Bloomberg News reports: Read more here. The decision's focus on IEEPA immediately throws into doubt some of the most far-reaching of Trump's tariff actions since taking office. Most notably, those include his "Liberation Day" tariffs of 10% on nearly the entire world, as well as the current threat of higher tariffs on countries that fail to reach a deal during his 90-day pause. The president has also relied on IEEPA to impose duties on nations such as Mexico, Canada, and China, claiming that the nations' failure to curb the flow of illegal drugs and migration into the US threatened US national security. [...] Duties based on other laws like those Trump has imposed on certain aluminum and steel products are not included in the court's decision. Recent duties on automobiles imposed by the president use so-called Section 232 tariff authority derived from a separate law called the Trade Expansion Act of 1962. The tariffs on steel and aluminum also rely on Section 232. Read more here. President Donald Trump's tariffs have been deemed illegal and blocked in a landmark trade court ruling that ruled the president used unlawful emergency powers by imposing broad levies on imports. The decision suspends Trump's flat-rate tariffs and key China-focused duties, while leaving some tariffs, specifically those covering steel, aluminum, and some Chinese goods, intact. The ruling, issued by the Court of International Trade, is set to be appealed and could reach the Supreme Court. Investors are watching closely, as the outcome will reshape the global trade landscape and has huge ramifications on trust in Trump as a market manager. Markets, already volatile amid ongoing tariff uncertainty since the April 2 executive order, reacted swiftly to the news with major gauge futures making leaps of up to 2%. Bloomberg reports: Read more here. President Trump on Wednesday criticized an emerging Wall Street trading philosophy in response to his ever-shifting tariff policies. The term "TACO trade" — apparently first coined by the Financial Times early this month — has been flying around Wall Street in recent weeks and entered even more into the public consciousness over the past few days. The acronym stands for "Trump Always Chickens Out." The pattern is clear: Trump announces heavy tariffs, sending markets reeling until he backs off, sending markets flying. A reporter asked Trump at the White House on Wednesday for his response to the school of thought. He did not appear to be aware of the acronym, but was also not pleased to learn its meaning. "Isn't that nice ... I've never heard that," he said, before launching into a defense of recent moves. Earlier in May, the US reached a detente with China after the countries imposed massive tariffs on each other. Then last week, Trump announced massive 50% tariffs on EU imports, only to backtrack a couple days later and push back his deadline for more negotiating time. "After I did what I did, they said, 'We'll meet anytime you want,'" Trump said of the EU. He said of China, "In many ways, I think we really helped China tremendously." "Don't ever say what you said," Trump then told the reporter. "That's a nasty question." AutoZone's (AZO) management said on Tuesday that inflation from tariffs hasn't had a major impact on costs yet because it takes a while for its products to ship to the US. However, executives at the auto parts retailer said they expect inflation to accelerate if substantial tariffs remain in place. "I think one of the reasons that you haven't seen a lot of the tariff cost in our side of the business is ... most of our inventory turns relatively slow compared to many other industries, hard parts in particular," AutoZone CEO Philip Daniele said on the company's fiscal third quarter earnings call. "And that product just hasn't shown up here in the country. And as you know, this stuff has changed pretty significantly over the last 90 days or 120 days. I mean there will be an impact to tariffs on the cost of goods." AutoZone reported SKU inflation of 1% for the quarter and said it expects to see inflation of 3% over time. The company sources many of its products from China and other East Asian countries, Eastern Europe, and Mexico. AutoZone CFO Jamere Jackson noted that, other than tariffs, a lot of the drivers of cost increases have come down, particularly freight prices. "However, if we do see significant tariffs, that will indeed have an inflationary impact," Jackson stated. Reuters reports: German carmakers BMW, Mercedes-Benz and Volkswagen are in talks with the U.S. Department of Commerce on a tariff deal that would involve a mechanism to offset imports and exports, the Handelsblatt business daily reported on Wednesday. In return for tariff relief, the companies could invest billions in the United States, the report said citing company sources. It did not give a more exact sum. Reuters reports: Read more here. Yahoo Finance's senior reporter Hamza Shaban reports on Wall Street's dilemma with Trump's tariffs: Read more here. More retailers are feeling the impact of Trump's tariffs as both Macy's (M) and Michael Kors parent company Capri (CAPR) lowered their annual profit and revenue forecasts on Wednesday, citing tariffs as the cause. Capri cut its revenue forecast for 2026, signaling that tariff-related uncertainty was weighing on demand for its handbags and accessories in North America and Asia. Macy's followed in a similar fashion: Yahoo Finance senior reporter Brooke DiPalma said the company reaffirmed its sales guidance, but revised its earnings outlook due to uncertainty surrounding tariffs, consumer sentiments, and the competitive landscape. Macy's is facing multiple macro headwinds as consumer sentiment sags, costs rise with Trump's tariffs, and trends grow toward e-commerce and direct-to-consumer. Read more here. Reuters reports: Read more here. India has offered steep cuts to its import tariffs on a range of goods in talks with the US, but is said to be retaining high duties on certain agricultural commodities, according to people familiar with the negotiations. The FT reports: Read more here. Reuters reports: Read more here. As the US and European Union negotiate a new trade deal to avoid President Trump-imposed tariffs, it's worth taking a moment to note that the US and the EU have the largest bilateral trade relationship in the world. According to the Council of the European Union (and converted to USD), the transatlantic trade in goods and services topped 1.8 trillion in 2023 after a post-pandemic surge: A measure of tariff revenue has spiked this month as importers paid the baseline "Liberation Day" tariffs that went into effect on April 5, along with other duties set by President Trump. Government receipts for "Customs and Certain Excise Taxes" have already topped $22.3 billion this month, according to Treasury Department data. Yahoo Finance's Ben Werschkul reports: Read more here. Yahoo Finance's Jennifer Schonberger reports: Read more here. Yahoo Finance's Josh Schafer reports: Read more here. The Chinese Premier Li Qiang has urged Southeast Asian and Gulf states to help create a 'big market', in a bid to counter US efforts to isolate China's economy. Bloomberg News reports: Read more here. Reuters reports: Read more here. Retailers, who have suffered under Trump's tariffs, are increasingly warming to offers to sell in order to escape market volatility that has caused company valuations to seesaw in recent months, according to a report in Reuters. Reuters reports: Read more here. Bloomberg News reports: Read more here. Malaysia's Trade and Industry minister Zafrul Aziz said that the US reducing its proposed tariffs on Malaysia to 10% is a positive move, conceding that a previously hoped for levy of zero may not be possible. Bloomberg News reports: Read more here.
Phone Arena
an hour ago
- Business
- Phone Arena
Did Tim Cook get the last laugh? Federal Court tosses Trump's tariffs as administration appeals
President Donald Trump's plan to force Apple to build the iPhone in the U.S. was always unworkable since finding a facility large enough to build the huge number of iPhone units Apple sells in the States seems impossible. At the same time, putting together a supply chain in the U.S. to match the one Apple relies on in Asia might be too tough a task for Apple. But it might not matter anyway as the threat of a 25% tariff that Trump said he would impose on Apple (and other manufacturers including Samsung) might have disappeared, at least temporarily. On Wednesday, The U.S. Court of International Trade ruled that President Trump does not have the authority to impose tariffs on other countries. The U.S. Federal Trade Court said that the U.S. Constitution gives Congress exclusive authority to regulate commerce with other countries. The court added that these powers belonging to Congress are not overridden by any emergency powers given to the president to safeguard the economy. The Trump administration quickly filed a notice of appeal. The three-judge panel said that it does not comment on whether it believes the president's decision to use tariffs as leverage is a wise or effective move. Instead, the court said that it cannot allow the president to use tariffs in that manner because the law does not allow it. Trump has said that the International Emergency Economic Powers Act gives him the power to bypass Congress and unilaterally announce tariffs. However, that law is used when there are "unusual and extraordinary" threats during a national emergency. Traditionally, the International Emergency Economic Powers Act has been used to impose sanctions or freeze the assets of U.S. enemies. Trump is the first to use the law as an excuse to call for tariffs on certain markets. -The U.S. Court of International Trade's three-judge panel A pair of lawsuits led to today's ruling. One was filed by 13 states and the other was filed by the nonpartisan Liberty Justice Center on behalf of five small U.S. businesses. These small companies import goods from markets targeted by the tariffs and said that the tariffs would negatively impact their businesses. Responding to the ruling and other judge-announced decisions that reversed Executive Orders signed by Trump, White House deputy chief of staff Stephen Miller said, "The judicial coup is out of control." Leading the 13 states suing over the tariffs is Oregon Attorney General Dan Rayfield, a Democrat. He has criticized Trump's tariffs and responded to the court's ruling today by saying, "This ruling reaffirms that our laws matter, and that trade decisions can't be made on the president's whim."
Yahoo
2 hours ago
- Business
- Yahoo
‘iOS 18.5 Battery Drain' Trend Explained Amid New iPhone Update Rollout
Apple iPhone users are complaining about the iOS 18.5 battery drain after installing the new update. The latest version of iOS started rolling out on May 12. While the new update does not bring any major changes, Apple has addressed several security fixes and introduced a cool new feature regarding Back Tap, among other things. Amid concerns of battery drain due to the latest update, users are resorting to some tried and tested hacks to solve the issue. Several iPhone users have noticed a significant battery drain due to their iOS 18.5 update. As per Apple, the new update mainly focuses on some of the security fixes, including improving a core Bluetooth issue and unexpected app terminations. Speaking of the battery drain after the iOS 18.5 update, an Apple user shared on X (formerly Twitter), 'A week after the iOS 18.5 update my battery started to drain faster from 7 minutes every 1 percent of battery to 6 percent of battery.' Another user claimed, 'When I updated to iOS 18.5 [on] both of my phones it seems it drained my battery from 87% to 83%. [I don't know] if that was normal but minutes later it stop draining to quick on my iphone 15 pro max but my 16 pro max drain a little slow after the update.' A third user complained on Reddit, 'Horrible, I even charged it up to 91%, haven't used it much, and I'm down to 56% 5 hours later.' While the battery drain seems to be an existing issue for iOS updates, there are some quick fixes shared by fans that users can perhaps try and follow to resolve the problem. A Redditor shared the hack, 'I must admit turning off APPLE AI BETA SOLVES 65% of the problem.' Meanwhile, iPhone's newest iOS update comes with some intriguing features. Users can now upgrade their Back Tap feature. With iOS 18.5, users can get an alert when they have turned on the Back Tap. The alert will also reveal the number of back taps one has triggered, which can help them create new shortcuts for different numbers of back taps. The post 'iOS 18.5 Battery Drain' Trend Explained Amid New iPhone Update Rollout appeared first on - Movie Trailers, TV & Streaming News, and More.
Yahoo
3 hours ago
- General
- Yahoo
Teens accused in deadly York shooting get new charges for alleged armed robbery
YORK, Pa. (WHTM) — Two York teens accused of shooting and killing a man during an alleged drug sale earlier this year were charged Wednesday with robbing a man of an iPhone at gunpoint, court documents show. The charges filed by York City police show Mijiere Hillian, 17, and Mu'ath Woodward, 17, both of York, are accused of stealing the phone from the seller in the area of 301 N. Queen Street on Feb. 16. That's the same area where a man was killed in a Feb. 19 shooting that Hillian and Woodward are also charged in. For that shooting, they face charges of murder, homicide and robbery. Police: Teen killed man during alleged drug sale at York Revolution Stadium parking lot According to police, the victim listed the iPhone 14 Pro with a black case for sale for $600 on Facebook Marketplace. He was contacted about the listing and agreed to meet up with the buyer to sell the phone. After arriving in the area, the seller saw two men dressed in all black with ski masks on. Court docs show one of them pulled out a pistol, pointed it at the seller and demanded the phone before snatching it and running from the scene down Queen Street. Prior to the meet-up, court docs show the victim was sent a dollar through a Cash App account that was traced back to Hillian. Police say surveillance video captured the path Hillian and Woodward traveled after the alleged robbery, and saw the path was similar to the one they took after the February shooting. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now The duo faces felony charges of robbery, conspiracy and criminal use of a communication facility. They are currently locked up in York County Prison with each of their bails denied. A preliminary hearing is scheduled for July 15. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
