Apple is reportedly in talks with miners to get thousands of tons of cobalt, a key ingredient in iPhone batteries. The tech giant is considering buying a five-year supply of the metal to sustain production of its devices. Cobalt is also used to make electric vehicles, so Apple may be acting on fears of a shortage in the coming years.
Amazon quietly launches a line of over-the-counter health products. The e-commerce giant reportedly brought in a private label manufacturer to make drugs similar to Mucinex and Advil. Analysts say this could be good for consumers as it may encourage pharmacies to lower prices.
President Trump asks the Justice Department to make bump stocks illegal following the Parkland shooting. Newsweek's Gersh Kuntzman says bump stocks are the "lowest of the low-hanging fruit" in the push for gun reform. Kuntzman says regulating these devices doesn't even qualify as gun control since there are already laws on the books restricting machine guns. Bump stocks, which convert guns into automatic weapons, weren't used in the Parkland shooting, but they were used in the Las Vegas shooting last year.
Actress Lori Loughlin talks about playing Aunt Becky on "Full House" and "Fuller House," and her Hallmark show "When Calls the Heart." Loughlin plays Abigal Stanton in the Hallmark period drama. She says she fought to make her character the town mayor in the show to highlight strong female leads. Loughlin also discusses how pleased she's been with fan reaction to "Fuller House." Netflix recently announced the show would return for a fourth season.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
A big-screen adaptation of the anime “Chainsaw Man” has topped the North American box office, beating a Springsteen biopic and “Black Phone 2.” The movie earned $17.25 million in the U.S. and Canada this weekend. “Black Phone 2” fell to second place with $13 million. Two new releases, the rom-com “Regretting You” and “Springsteen — Deliver Me From Nowhere,” earned $12.85 million and $9.1 million, respectively. “Chainsaw Man – The Movie: Reze Arc” is based on the manga series about a demon hunter. It's another win for Sony-owned Crunchyroll, which also released a “Demon Slayer” film last month that debuted to a record $70 million.
The Federal Aviation Administration says flights departing for Los Angeles International Airport were halted briefly due to a staffing shortage at a Southern California air traffic facility. The FAA issued a temporary ground stop at one of the world’s busiest airports on Sunday morning soon after U.S. Transportation Secretary Sean Duffy predicted that travelers would see more flights delayed as the nation’s air traffic controllers work without pay during the federal government shutdown. The hold on planes taking off for LAX lasted an hour and 45 minutes and didn't appear to cause continued problems. The FAA said staffing shortages also delayed planes headed to Washington, Chicago and Newark, New Jersey on Sunday.
Boeing workers at three Midwest plants where military aircraft and weapons are developed have voted to reject the company’s latest contract offer and to continue a strike that started almost three months ago. The strike by about 3,200 machinists at the plants in the Missouri cities of St. Louis and St. Charles, and in Mascoutah, Illinois, is smaller in scale than a walkout last year by 33,000 Boeing workers who assemble commercial jetliners. The president of the International Association of Machinists says Sunday's outcome shows Boeing hasn't adequately addressed wages and retirement benefits. Boeing says Sunday's vote was close with 51% of union members opposing the revised offer.
