Author: Admin

Add this to worries about the likely impact of tariffs: costlier car insurance.The new tariffs on imported cars, metals and parts announced by the Trump administration are expected to raise vehicle prices by thousands of dollars if they remain in place. And because parts used in auto repairs will also become more expensive, the average cost of automobile insurance is expected to increase.The average annual premium for a full-coverage auto policy was just over $2,300 at the end of last year, according to an analysis by Insurify, an insurance comparison shopping website. The site initially estimated that premiums would increase…

Apple iPhones could become even pricier under President Trump’s reciprocal tariffs on roughly 90 foreign nations, which were slated to take effect Wednesday, but are now on hold for 90 days, with the exception of levies on China.In a move that threatens to raise costs on all electronics, including iPhones, the White House on Tuesday said it would follow through on a threat to enact a 104% tariff on all Chinese goods imported into the U.S. The levy took effect Wednesday at 12:01 a.m. EDT. Later Wednesday, Mr. Trump raised the tariff rate to 125%, effective immediately. The price for the…

The European Central Bank cut interest rates on Thursday as policymakers grappled with heightened economic uncertainty, particularly from President Trump’s chaotic trade policies, that is expected to weaken the region’s economy.Policymakers, who set rates for the 20 countries that use the euro, lowered their key rate a quarter point to 2.25 percent. It was the seventh consecutive cut since June as the economic outlook has darkened and inflation has slowed.The region faces the dual challenges of tariffs on goods sent to the United States and diminished demand for exports to other countries as trade uncertainty weighs on the global economy.…

Apple wants to get its iPhones into the hands of U.S. customers before tariffs could lead to hike prices. The iPhone maker shipped about 1.5 million iPhones, a cargo weighing roughly 600 tons, by air from India to the U.S., Reuters reported, citing sources with knowledge of the matter. The technology giant has taken a number of steps to mitigate the impact of President Trump’s steep tariffs on China. That includes ramping up iPhone production in India, which is subject to far lower levies than China, the Wall Street Journal reported earlier this week. Apple continues to make most iPhones in China. Apple…

U.S. sports-betting service BetMGM, a joint venture between MGM Resorts and Entain, posted core profit for the first quarter on Monday, supported by strong growth in its iGaming and online sports divisions.Shares of Entain, which owns the Ladbrokes and Coral brands, rose as much as 10.1 per cent to 647.6 pence. MGM shares were up 1.8 per cent at 32.2 cents.BetMGM has been pushing to grow its online presence and capitalise on the booming e-betting market amid stiff competition. Its online sports division reported a 68 per cent revenue growth despite unfavourable sports outcomes during key moments in the quarter.…

The protected land includes a one-acre fish hatchery at Unicorn Lake in eastern Maryland and the sprawling Green Ridge State Forest in the west. It includes shorelines, farms and woods around Naval Air Station Patuxent River, and the Chesapeake Forest Lands, some 75,000 wooded acres that are home to species like bald eagles and the once-endangered Delmarva fox squirrel.None of it can be developed, and all of it has helped Maryland reach a landmark conservation goal six years ahead of schedule, before any other state that’s joined an effort known as “30 by 30.”The program is part of a global…

Spotify has paid more than $100 million to podcast publishers and creators since January, the company told The New York Times’s DealBook.The payout is the result of a program introduced in 2025 that opened up new revenue streams to eligible hosts. But it is also an attempt to draw more creators (and their audiences) to Spotify, as the rise of video podcasting has driven many of them to YouTube.Video has come to dominate podcasting. More than half of Americans over the age of 12 have watched a video podcast — but primarily on YouTube, according to an Edison Research report…

SEOUL :South Korea’s state-run Korea Development Bank plans to sell its shares in Hanwha Ocean, Maeil Business Newspaper reported on Monday. KDB plans to split its 19.5 per cent shares in the shipbuilder into multiple block sales, after a bookbuilding from Monday, the newspaper reported, without citing clear sources.KDB was unavailable for comment after business hours. KDB is the second-largest shareholder in Hanwha Ocean, after Hanwha Aerospace, which owns a 30.4 per cent stake, according to LSEG data. The shipbuilder, previously Daewoo Shipbuilding & Engineering whose largest shareholder was KDB, was acquired by Hanwha Group in a takeover deal in 2022. Hanwha Ocean…

The Trump administration said it will accelerate permit approvals for mining, drilling and fossil fuel production and transportation on public land, fast-tracking a review process that would normally take years. In announcing the emergency procedures Wednesday, the Department of the Interior, which oversees the management of federal lands and natural resources, said the permitting process will now take up to “28 days at most” — a drastic departure from the current one- to two-year timeline. The government agency said the move is in response to President Trump’s January 20 declaration of a national energy emergency. In an executive order on the first…

Meta whistleblower Sarah Wynn-Williams told senators in testimony Wednesday on Capitol Hill that the social media company worked “hand in glove” with the Chinese government to censor its platforms, among other allegations.”I saw Meta executives repeatedly undermine U.S. national security and betray American values,” Wynn-Williams said in her opening remarks, which were obtained by CBS News before the hearing.Republican Sen. Josh Hawley of Missouri, who chairs the Senate Judiciary Subcommittee on Crime and Counterterrorism and led the bipartisan hearing, said Meta CEO Mark Zuckerberg “made censorship his business model.””The evidence that we have in black and white is a company…