Rising gasoline prices pushed inflation to its highest level in almost three years in April. Consumer prices were up 3.8% from a year ago.
CEO Jay Foreman of Basic Fun! discusses the impact of new tariffs on his toy import business, expressing frustration over lack of clear direction and higher consumer prices.
X Money, launched for US Premium subscribers, faces significant limitations, including restricted peer-to-peer payments, incompatibility with Google/Apple Pay in key markets (NY, MA), and potential account access issues, threatening its viability as a primary payments app.
Google's increased spending estimate to $205 billion, exceeding previous forecasts, raises concerns among investors, especially as the company spends more than it earns. This, combined with competitive pressures from Chinese AI tools and potential overbuilding of data centers, signals funding strain across the AI ecosystem, affecting Meta, Amazon, Microsoft, and notably Nvidia, with investors growing nervous.
Middle East conflict drives oil price spike above $4/gallon; expert Bob McNally cites structurally escalation-prone dynamics, depleted strategic stocks, and China's rebounding oil imports as factors leading to potentially record-high gasoline prices.
Apple introduces Apple Upgrade, a leasing program with Klarna, offering monthly installments for iPhones, Apple Watches, Macs, and iPads, with options to upgrade, purchase, or return at lease end, amid industry-wide memory chip shortages and recent price hikes.
Runlayer has sued Rippling, alleging the HR software company copied confidential information during an extended product trial to build a competing MCP gateway. Rippling denies the accusations and says it is launching its own superior product.
