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Month: July 2025

Apple overcomes Trump’s trade war, slow start in AI to deliver surprisingly strong quarter

Apple overcomes Trump’s trade war, slow start in AI to deliver surprisingly strong quarter

By MICHAEL LIEDTKE, Associated Press

SAN FRANCISCO (AP) — Apple shook off a thicket of tariffs and a botched entry into artificial intelligence to accelerate its revenue growth during its springtime quarter, but the trendsetting tech company still faces a bumpy road ahead that could lead to higher iPhone prices.

The April-June results released Thursday came against a backdrop of adversity that has been raising worries about the trajectory of a longtime tech kingpin.

Despite the doubts, Apple remains a moneymaking machine.

The Cupertino, California, company earned $23.4 billion, or $1.57 per share, during its fiscal third quarter, a 9% increase from the same time last year. Revenue climbed 10% from a year ago to $94 billion. The company’s iPhone sales surged 13% from a year ago to $44.6 billion. All those numbers were well above the analyst projections that steer investors, helping to boost Apple’s recently slumping stock price by 2% in extended trading.

But the unexpectedly solid performance doesn’t necessarily mean it’s smooth sailing ahead for Apple. read more

People on the move

People on the move

Engineering

Candace Croughwell was hired as business development/capture manager at Engineering & Computer Simulations, Orlando.

Andrea Rodriguez was hired as international programs and compliance manager at Engineering & Computer Simulations, Orlando.

Other

Major Roger Glick was appointed as an area commander at The Salvation Army of Orange and Osceola Counties.

Major DeeAnn Glick was appointed as an area commander at The Salvation Army of Orange and Osceola Counties.

Submit professional appointments, management-level promotions and significant awards for individuals, along with photos as .jpg attachments, to peopleonmove@orlandosentinel.com.

Trump’s EPA is targeting key vehicle pollution rules. What that means for carmakers

Trump’s EPA is targeting key vehicle pollution rules. What that means for carmakers

By ALEXA ST. JOHN, Associated Press

DETROIT (AP) — The Environmental Protection Agency’s plan this week to relax rules aimed at cleaning up auto tailpipe emissions is the latest Trump administration move to undo incentives for automakers to go electric.

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As part of a larger effort to undo climate-based governmental regulations, the EPA on Tuesday said it wants to revoke the 2009 finding that carbon dioxide and other greenhouse gases endanger public health and welfare. That would cripple the legal basis for limiting emissions from things like power plants and motor vehicles. read more

European Union assumes it faces 15% tariffs in the US from Friday. But a key text still isn’t ready

European Union assumes it faces 15% tariffs in the US from Friday. But a key text still isn’t ready

By LORNE COOK, Associated Press

BRUSSELS (AP) — The European Union is working on the presumption that the United States will impose a 15% tariff on most EU exports from Friday, even though the two sides have yet to complete a key document clarifying how the agreement will operate.

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U.S. President Donald Trump and European Commission President Ursula von der Leyen reached a political agreement on Sunday that would see 15% duties imposed on around two-thirds of EU produce, worth around 380 billion euros ($434 billion).

As of Thursday, the EU and U.S. were still working on a joint statement that would lay out the terms of their understanding, Commission spokesman Olof Gill said. The document wouldn’t be legally binding. read more

Americans haven’t saved for retirement. These states are creating automatic savings plans

Americans haven’t saved for retirement. These states are creating automatic savings plans

By Kevin Hardy, Stateline.org

Worried about large numbers of workers without a nest egg, Nevada this month launched a new retirement program for private sector workers who lack access to one.

The program requires employers with six or more employees to participate — unless they already sponsor an employee retirement plan.

Employees, who can opt out, are automatically enrolled in an Individual Retirement Account, or IRA, through regular paycheck deductions.

Nevada State Treasurer Zach Conine hopes the new program, created by lawmakers in 2023, will boost financial literacy and ultimately reduce state costs on social services as more people save for retirement. He said about 500,000 workers were expected to be eligible under the plan — nearly a third of the state’s civilian labor force of 1.68 million.

“We don’t care broadly if someone stays on the Nevada plan or goes out and gets their own retirement savings plan,” said Conine, a Democrat who is running for state attorney general. “We care that people are saving for retirement.” read more