Apple's stock spikes to new 2019 high on report of iPhone 11 production boost

Associated Press
Fed's preferred inflation gauge shows price pressures stayed elevated last month
A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed's reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden's re-election bid. Friday's report from the government showed that prices rose 0.3% from February to March, the same as in the previous month. It was the third straight month that the index has run at a pace faster than is consistent with the Fed's 2% inflation target.
7m ago
Reuters
Egyptian delegation in Israel for talks on Gaza hostages
An Egyptian delegation met Israeli officials on Friday, looking for a way to restart talks to end the war in Gaza and return the remaining Israeli hostages, an official briefed on the meetings said. The official, who spoke on condition of anonymity, said Israel had no new proposals to make, although it was willing to consider a limited truce in which 33 hostages would be released, instead of the 40 previously under discussion. "There are no current hostage talks between Israel and Hamas, nor is there a new Israeli offer in that regard," the official said.
10m ago
Yahoo Finance
Fed's favorite inflation gauge shows price increases remained sticky in March
The March reading comes as investors have continued to scale back their expectations on when the Federal Reserve will cut interest rates in 2024, if at all.
13m ago
USA TODAY
Canadian wildfires have started. Will smoke descend on the USA like last year?
Canadian fire experts offered mixed answers about what to expect in 2024. Last summer, smoke covered swaths of the U.S., ruining air quality.
18m ago
Politico
Blinken tells Beijing: Stop boosting Russia or face punishments
He says China needs to do more to curb precursor chemical exports fueling the U.S. opioid overdose epidemic.
19m ago
AFP
Indian election resumes as heatwave hits voters
India's six-week-long election resumed Friday with millions of people lining up outside polling stations in parts of the country hit by a scorching heatwave.More than 968 million people are eligible to take part in India's election, with the final round of voting on June 1 and results expected three days later. sai-abh/gle/sn
20m ago
CBS News
Century-old time capsule found at Minnesota high school
The superintendent said the discovery of the time capsule marks a "historic event for our community."
24m ago
Reuters
Thailand urges bigger ASEAN role in resolving Myanmar conflict
Thailand called on Friday for the regional bloc ASEAN to take a more proactive role in trying to resolve the crisis in military-ruled Myanmar, after weeks of fighting near its border that halted trade and led to a brief influx of refugees. Myanmar is locked in a civil war between the military on one side and, on the other, a loose alliance of established ethnic minority armies and a resistance movement formed after the junta's bloody crackdown on dissent following its 2021 coup. The Association of Southeast Asian Nations (ASEAN) came up with a peace plan in 2021 that Myanmar's generals agreed to, but it has only been partially implemented, causing fissures in the bloc and frustration from its most prominent members.
32m ago
AFP
EU toughens safety rules for online retailer Shein
The European Union on Friday added Chinese-founded online retailer Shein to its list of digital companies that are big enough to come under stricter safety curbs.The company joins Facebook, TikTok, X, YouTube and others on a list of "very large online platforms" which have more than 45 million monthly active users in the European Union.
39m ago
CNN
John Roberts isn’t happy with previous ruling against Trump – what happens now?
During nearly three hours of historic Supreme Court arguments, John Roberts said little. But the cagey chief justice made some points abundantly clear.
41m ago
AFP
French barber still trimming at 90
French barber Roger Amilhastre, 90, could have hung up his clippers decades ago but he said his passion for hair gives him a reason to get up in the morning.France's national hairdressers' union believes Amilhastre may be France's oldest active barber.
43m ago
CNN
WADA to launch independent review into its handling of doping case involving Chinese swimming
The World Anti-Doping Agency (WADA) has commissioned an independent review into its handling of a doping case involving 23 Chinese swimmers after the organization said that it had been the subject of “damaging and baseless allegations.”
44m ago
CNN
Doctors seeing more syphilis patients with unusual and severe symptoms, study shows
Public health officials in Chicago say they have been seeing a worrisome trend: Patients complaining of unusual symptoms like vision and eye problems, headaches, and hearing loss or dizziness caused by the sexually transmitted infection syphilis.
44m ago
USA TODAY
When is Pride Month 2024? How the celebration of LGBTQ+ identities came to be.
Pride is a month-long celebration of LGBTQ+ identities commemorating the 1969 Stonewall Uprising. Here's when major cities celebrate in 2024.
45m ago
NBC News
Trump's criminal charges, Biden's age rank as voters' top worries about the candidates
Voters continue to rank President Joe Biden’s age and former President Donald Trump’s legal woes as the most compelling reasons to oppose them in November.
46m ago
Reuters
With Russia in mind, French carrier joins drills under NATO command
NATO on Friday launched one of its biggest naval deployments since Russia's invasion of Ukraine, with French aircraft carrier the Charles de Gaulle under the command of the alliance for the first time. The carrier and its accompanying vessels, known as a carrier strike group, are the centrepiece of Neptune Strike, a series of drills that NATO says will help its members learn to work more seamlessly together and deter its enemies. Placing the Charles de Gaulle under NATO operational control for the first time is highly symbolic, not least because the warship is named after the former president who took France out of the alliance’s U.S.-led command structure in 1966.
47m ago
Associated Press
Online retailer Shein is latest to face strict European Union digital regulations
Online fast-fashion retailer Shein must face the European Union's strictest level of digital regulations, the bloc said on Friday as it added the company to its list of big platforms that need extra scrutiny. The EU's Executive Commission said it formally classed Shein as a “very large online platform” under the 27-nation bloc's Digital Services Act, an expansive rulebook designed to clean up online platforms and keep internet users safe. Shein is a low-cost online retailer that was founded in China but is now based in Singapore.
47m ago
AFP
'We will shed blood': Armenians vow to fight land transfer to Azerbaijan
Angry at their government agreeing to cede territory to arch-foe Azerbaijan, dozens of Armenian protesters have blocked major highways and vowed to fight the transfer of land they say is rightfully theirs."We are fighting specifically for our land and our water, we want our land to stay as it is," said driver Eghish Maghsudyan from Voskepar, a village the locals say will be cut off by the land transfer.
52m ago
Yahoo Finance
Stock market today: US futures jump, fueled by stellar Alphabet, Microsoft earnings
Stellar earnings from the 'Magnificent Seven' duo have reignited optimism for a rally, but the PCE inflation print could put a spoke in the wheel.
58m ago
Reuters
HCA beats first-quarter profit estimates on higher patient admissions
The company's results were driven primarily by broad-based volume growth, said Sam Hazen, chief executive officer of HCA. HCA has reduced use of relatively more expensive contract labor and increased use of permanent hiring at its hospitals. HCA posted quarterly revenue of $17.34 billion, beating estimates of $16.78 billion.
59m ago

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