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.
Oracle soars as it cashes in on the AI boom, Plus: Starbucks shares continue to fall under its new CEO, and does anybody actually want a new iPhone Air?
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
Aurimas Sabulis, CEO of Dextall, unveils how AI‑driven prefabricated façades slash design time by 80%, labor by 87%, and accelerate affordable housing delivery.
Online broker Robinhood Markets will join the S&P 500 index Online broker Robinhood Markets will join the S&P 500 index as its stock rides higher on a cryptocurrency wave.
