Be Well: How Global Events Are Impacting the U.S. Economy
Marty Cantor, CPA and economic development consultant, joined Cheddar News to talk about how global events continue to impact the U.S. economy. Cantor cited a range of topics, including Moscow's decision to halt the safe export of Ukrainian grain and rising oil prices as a result of Saudi Arabia scaling back on the number of daily barrels it puts into production.
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
Visa is hoping to hand your credit card to an artificial intelligence “agent” that can find and buy clothes, groceries, airplane tickets and other items on your behalf.
Skift Editor-In-Chief Sarah Kopit discusses how summer travel plans remain uncertain for most as many international travelers are leery to travel abroad. Watch!
