Tim Cook stepped down Monday as CEO of Apple, a position he has held since August 2011, when Steve Jobs stepped down as CEO just months before his death.
Cook, building upon the innovation of the Jobs era, grew Apple’s market capitalization more than tenfold during his tenure.
Cook steps down at a pivotal time for the company as Apple pursues a more cautious, device-integrated AI strategy while competitors race ahead with large-scale generative AI services.
Tim Curry, the English actor whose relish for outsize characters made Dr. Frank-N-Furter and Pennywise the Clown fixtures of popular culture, died on Aug. 25 at his home in the Toluca Lake section of Los Angeles. He was 80.
His longtime manager, Marcia Hurwitz, confirmed the death through a publicist with no cause was given, but Curry had previously suffered a debilitating stroke in 2012, limiting his mobility.
Born April 19, 1946, in Grappenhall, Cheshire, he was the son of a Royal Navy chaplain who died when he was 12. He studied English and drama at the University of Birmingham and joined the original London cast of "Hair.” He achieved international fame in the 1975 film ‘The Rocky Horror Picture Show,’ which initially flopped in its initial release before becoming a midnight-movie staple. He also appeared in the films "Clue," "Legend" and "Home Alone 2," and played Pennywise the Clown in the 1990 miniseries "It."
Curry later appeared in several children’s entertainment pieces, including as Long John Silver in “Muppet’s Treasure Island” and as Nigel Thornberry in the “The Wild Thornberrys.”
He received three Tony nominations and two Olivier nominations, and won a 1991 Daytime Emmy for voice work. His memoir, "Vagabond," was published last year. Curry never married and had no children.
Alan Greenspan, who led the Federal Reserve for nearly two decades and shaped the contours of modern American economic policy, died June 22 at his home in Washington at 100 from complications from Parkinson's disease. He is survived by his wife, NBC correspondent and journalist Andrea Mitchell.
Born in 1926 in New York City, he received three degrees from New York University after a stint at Juilliard. Greenspan served five terms as Fed chairman under four presidents, from Ronald Reagan through George W. Bush, stepping down in January 2006 after the second-longest tenure in the institution's history.
His chairmanship was widely celebrated during his tenure. He allowed the unemployment rate to fall well below levels that would typically have prompted rate increases, helping sustain one of the longest expansions in American history. But his legacy grew complicated after his departure in the wake of the Global Financial Crisis, with some arguing his promotion of financial deregulation and failure to discourage risky mortgage lending helped lead to the financial crisis. Greenspan himself acknowledged mistakes in his own statements after his Fed chairmanship ended.
The Middle East remains engulfed in the widening fallout of Operation Epic Fury, a joint US-Israeli military campaign aimed at dismantling Iran's nuclear and ballistic capabilities. American and Israeli forces have established air supremacy, striking thousands of targets and significantly degrading Iran's missile networks and naval infrastructure.
In retaliation, Tehran launched an unprecedented barrage of drones and missiles across nearby states, including the UAE, Bahrain, and Qatar, targeting energy hubs and civilian airports. Most consequentially for the global economy, the Strait of Hormuz has been effectively closed, with major shipping lines having suspended regional bookings, stranding numerous container ships. This blockade triggered acute volatility in global energy markets and severe supply chain bottlenecks for European and Asian manufacturing.
Internationally, the crisis has sharply divided capitals. While many European nations have broadly condemned Iran's retaliatory strikes, several Asian countries have called for immediate de-escalation to stabilize trade. Although the Trump administration has signaled hopes for internal regime change, those expectations have already faced complications: Iran's Assembly of Experts, a governing body that selects the nation’s supreme leader, still managed to convene and appoint Mojtaba Khamenei, son of the late Supreme Leader Ali Khamenei, as his successor earlier this month. Regional experts warn that rather than hastening collapse, the episode may instead empower the Islamic Revolutionary Guard Corps to consolidate power under the new leadership or ultimately plunge the nation into a protracted civil war.
Analysts cite a cocktail of forces: persistent inflation above central bank targets, expectations that the Federal Reserve will begin cutting interest rates, and mounting geopolitical frictions that have undermined confidence in major currencies. Heavy buying by central banks and private investors, along with supply strains in silver, has reinforced the move. The rush into precious metals signals broad concern about stagflation risks and a continuing shift toward perceived safe-haven assets in an uncertain global economy.
A sprawling winter storm sweeping from Texas to New England has caused widespread power outages, severe travel disruptions and multiple deaths across the United States. Airlines canceled more than 10,000 flights as snow, sleet and freezing rain shut down major hubs and left runways coated in ice.
At least seven people have died in weather-related incidents across the US as authorities warned of continued hazardous conditions and advised citizens to remain indoors as much as possible and head to shelters if heating is not available.
Robert Redford, acclaimed actor, director and founder of the Sundance Film Festival, died September 16, 2025, at his home in Sundance, Utah, at age 89. Rising to fame in "Butch Cassidy and the Sundance Kid" and "All the President’s Men," Redford won an Oscar for directing "Ordinary People."
He was also known for environmental advocacy and a champion for independent filmmaking.
His publicist stated Redford died peacefully at home, surrounded by family. Tributes poured in from across Hollywood and beyond, reflecting on his storied career and impact on cinema and conservation.
The Senate on Monday entered the final stages of debate over the “One Big Beautiful Bill Act,” President Donald Trump’s sweeping legislative priority combining permanent tax cuts, increased defense and border security spending, and significant reductions to healthcare and nutrition programs. The bill, which narrowly passed the House last month, is now undergoing a marathon “vote-a-rama” in the Senate, with lawmakers considering a flurry of amendments ahead of a July 4 deadline for passage.
At nearly 1,000 pages, the bill is a centerpiece of Trump’s second-term agenda. It would make permanent the 2017 Trump tax cuts, expand tax breaks, such as exempting tips and overtime pay from federal income taxes, boost military spending by $150 billion, fund mass deportations, and resume border wall construction. To offset costs, the bill imposes cuts to Medicaid and the Supplemental Nutrition Assistance Program (SNAP), and eliminates many renewable energy subsidies enacted under the Biden administration.
The Congressional Budget Office (CBO) estimates the bill would increase the federal deficit by $3.3 trillion over the next decade. While the White House argues economic growth will offset these costs, independent analysts and many lawmakers remain skeptical.
Opposition has been fierce and largely partisan. Democrats call the bill a windfall for the wealthy at the expense of working-class Americans, citing cuts to health and food assistance. Even within the GOP, dissent has emerged: two Republican senators voted against advancing the bill, citing concerns over Medicaid cuts and the debt ceiling. The bill’s fate remains uncertain, with Senate passage in doubt and the House needing to approve any Senate changes before it can reach the president’s desk.
The U.S. House of Representatives has passed the One Big Beautiful Bill Act (H.R. 1), a reconciliation bill that extends and expands major provisions of the 2017 Tax Cuts and Jobs Act, increases the child tax credit temporarily, removes taxes on tips for workers in certain industries, and introduces new administrative requirements for Medicaid eligibility. The legislation also includes spending cuts, rescinds some unspent energy funds, revises Opportunity Zones, and imposes new fees on electric and hybrid vehicles. Over ten years, the bill is projected to increase primary deficits by nearly $2.8 trillion. The bill now moves to the Senate, where significant changes are expected before final passage.
Separately, in a setback for President Trump, federal judges ruled that his recent tariffs exceeded presidential authority in imposing sweeping tariffs on imports from most countries and that only Congress held such authority. However, the tariffs will remain in effect while the administration appeals the decision. Trump has since announced additional tariffs on steel imports.
Tesla vehicles and dealerships have faced escalating attacks, including arson, vandalism, and gunfire, as protests grow against CEO Elon Musk's role in the Trump administration’s Department of Government Efficiency (DOGE). Critics blame Musk for federal agency cuts and workforce reductions, sparking the ‘Tesla Takedown’ movement.
The Trump administration has responded forcefully, with Attorney General Pam Bondi labeling the acts "domestic terrorism" and promising severe penalties. The FBI has launched a task force to investigate and prosecute those responsible for the attacks.
Elon Musk, in his role as de facto head of the new Department of Government Efficiency (DOGE), has continued his controversial role in aggressively pursuing federal workforce reductions, which have already impacted tens of thousands of federal workers in layoffs and buyout offers.
The Trump administration has escalated these efforts, ordering federal agencies to submit plans for "large-scale reductions in force" by mid-March, as well continuing its return to office mandates for federal workers.
Musk's leadership style, which includes demanding productivity justifications from employees via email, has drawn criticism. At a recent Cabinet meeting, Trump hinted at further dismissals for those who fail to respond to Musk's directives.
These actions have raised concerns and sparked legal challenges about the impact on public services. Critics argue that many of Musk has too much power in the administration and questioned his authority to make these decisions. Musk has been classed as a “special government employee” in his role in the administration.
Newly inaugurated US President Donald Trump has kicked off his administration with deportation efforts, federal workforce restructuring, and a brief effort to temporarily freeze a host of government funding programs. Supporters of the president are hailing what they perceive as Trump fulfilling his campaign promises, while his opponents criticize what they call a chaotic start to his nascent presidency.
Trump, following his declaration of an emergency at the southern border in response to a high level of border crossings, has green lit military presence along the border. The deployment of at least 1,500 troops aims to provide logistical and surveillance support to regular Border Patrol units.
Across the US, Immigration and Customs Enforcement (ICE) has conducted raids targeted those residing illegally in the US. While the administration has promised to target those with criminal histories as a priority for arrest and removal, many of those arrested do not have criminal histories aside from their initial illegal crossing.
Trump has also aimed to shake up the federal workforce, instituting a return to office mandate in an aim to induce attrition and to more fully utilize federal office space. The administration has also offered voluntary severance packages, giving an early February deadline to accept. The same email announcing those voluntary severance packages implied that layoffs are expected in the future and that workers should not expect their positions are guaranteed.
The administration also controversially froze federal funding to programs not providing direct payments to US citizens. The directive, both broad and vague, created confusion over its scope, though the administration said Medicare and Social Security would not be affected. The order was later halted by a federal judge.
The National Transportation Safety Board (NTSB) has begun its investigation into the cause of the disastrous mid-air collision between a commercial regional jet and a US Army helicopter near Reagan National Airport in Arlington, Virginia, just outside Washington, D.C. The collision killed all 64 aboard American Airlines Flight 5342 from Wichita and all 3 US servicemembers aboard the helicopter.
Investigators have recovered all three black boxes from the downed passenger jet, allowing access to the flight data.
The plane, a Bombardier CRJ701ER, was about to land after it collided with the Sikorsky UH-60L Black Hawk helicopter, operating as part of a training mission. Air traffic controllers asked the helicopter’s operators if it could see a regional jet as it was flying near the airport. The helicopter operator confirmed being able to view the jet, but the operator is believed to have spotted the wrong aircraft and did not see Flight 5342 approaching.
The air traffic control tower was understaffed at the time of the accident. The investigation is expected to confirm what role, if any, that played in the collision.
A heated debate over H-1B visas has emerged among conservatives, highlighting tensions between right-leaning tech industry advocates and "America First" supporters within President-elect Donald Trump's base. The controversy has been particularly visible on social media, where figures like Elon Musk and Vivek Ramaswamy, both Trump advisers, have faced backlash for supporting the visa program. Musk has emphasized what he calls a "permanent shortage of excellent engineering talent" in the U.S., while in an X post Ramaswamy criticized American culture for prioritizing mediocrity over excellence, suggesting a need for foreign tech talent.
This stance has sparked the ire of other osn the right, many of whom view the H1-B program as undercutting wages of American citizens through. Opponents of the program have posted screenshots of H-1B jobs, many of which have listed salaries close to the American median or even below.
As this debate unfolds, it may pose a significant challenges for Trump as he navigates between the GOP’s newfound tech industry support and the expectations of his broader voter base.
The Supreme Court issued several rulings this past week that curtails the federal regulatory system, attracting praise from conservatives and condemnation from progressives.
The most impactful decision was to overturn the Chevron deference doctrine in 6-3 decision along ideological lines, which required the federal judiciary to defer to the interpretation of regulatory agencies when interpreting ambiguous language in federal regulatory statutes passed by Congress, as long as their interpretation are reasonable.
The Chevron deference doctrine had been in force since a 1984 decision and has since been cited in thousands of cases. The Supreme Court in its majority ruling said that those case decision can stand, though the judiciary can no longer simply defer to the agencies’ interpretations in future cases and must interpret ambiguous statutes independently.
Critics of the decision says this ruling will lead to expertise being overruled by ideologically driven judges as well as leading to more regulatory uncertainty as agencies can later be overruled by judicial decisions.
Proponents of the decision dismiss the uncertainty argument, saying that regulatory interpretations are already changed as new administrations take office and that this will force Congress to use less ambiguous and tighter language when writing legislation.
The Supreme Court also ruled against the Securities and Exchange Commission (SEC) in another 6-3 decision, ruling that targets of civil enforcement can have their cases heard by a jury trial rather than by agency adjudication bodies. While in-house a judication had Congress’s approval, the majority opinion ruled that it violated the Seventh Amendment’s protection of right to trial by jury. Critics claim this ruling will stymie regulatory efforts, given the expense and length of jury trials.
Economists have been hoping for a ‘soft landing’ scenario, in which the Federal Reserve’s monetary tightening would tame inflation without causing a recession. In the closing months of 2023, it appeared that this ideal scenario was in reach. with falling inflation numbers, low unemployment, and talks of cutting interest rates. However, recent economic data has cast doubt on whether the US economy can stick the landing.
Inflation numbers for the first quarter of 2024 came in higher than expected, with consumer prices rising 3.5% in March year-over-year, up from February’s 3.2% inflation rate. The target inflation rate is 2%.
Meanwhile, US GDP growth for the first quarter of 2024 was 1.6% annualized, a decrease from the 3.4% growth rate in Q4 2023. This slowing growth, combined with the rising inflation, has raised fears of possible ‘stagflation,’ in which the economy shrinks while prices rise. Typically, prices decrease in recession, reducing the hardship on consumers amid job losses and reduced economic output. In a stagflation scenario, customers pay higher prices while still facing job losses.
Equity markets have pulled back in response to the data as investors have become far less confident of the Fed cutting interest rate cuts this year.
The current economic situation remains relatively strong on paper: Unemployment remains low, job growth remains strong, and inflation remains far below the high levels seen in 2021 and 2022. These positive economic indicators have been blunted by what some have called a cost of living crisis, most notably felt in rising housing costs and wages not keeping up with rising costs in general.
The Odysseus lunar lander has been shut down by its operators after successfully transmitting data for the past week. The lander, developed by Houston-based Intuitive Machines and launched by a SpaceX rocket, was part of the first private mission to the moon, as opposed to government-sponsored missions.
The mission did face a challenge when the lander tipped over shortly after reaching the lunar surface, a result of a harder-than-expected landing that broke two of its legs, but the lander continued to communicate with the earth-based team.
Intuitive Machines hopes that the lander will be able to be brought back online once solar power becomes available to its solar panels again.
The Federal Reserve kept interest rates unchanged after their latest meeting Wednesday, but future cuts may in store as inflation declines and concerns over an economic slowdown grow.
In the latest statement from the Fed, they expressed that rate cuts were not warranted currently as inflation remains elevated, but they dropped a reference to ‘additional policy firming,’ possibly signaling the cuts could come in the future and that additional rate increases are unlikely unless higher inflations returns.
The latest economic growth numbers remain strong, with job growth continuing, even amid notable layoffs at large companies this January.
Game show host and television personality Bob Barker died last Saturday at 99, just months before his 100th birthday. Barker was perhaps best known for his 35-year long stint as host of The Price is Right, where he ended every broadcast with a plea for pet owners to get their pets spayed or neutered.
Barker was born in 1923 in Washington and was raised in South Dakota on an Indian reservation (Barker was one-eighth Sioux). After serving in World War II, he began his broadcasting career in 1950. In 1956, he began hosting the gameshow Truth or Consequences. In the 1975, he began hosting The Price is Right, from which he retired in 2007 and was replaced as host by Drew Carey.
He also had several acting roles, including in Happy Gilmore and Spongebob Squarepants.
The Biden administration’s new ban on the sale of most incandescent light bulbs takes effect August 1, capping a nearly sixteen year long effort to phaseout the lighting from most consumer use. The Trump administration had delayed implementation of the rule, with the Biden administration reinstating it.
People can still own incandescent bulbs, but retailers can no longer sell them after August 1.
The market has long been shifting toward more energy efficient LED lighting, which uses a fraction of the power that traditional incandescent bulbs use. LED lighting also does not contain any toxic elements like fluorescent lighting does.
LED lighting does have its limitations: They are more difficult to dim than incandescent lights, and the spectrum of light they emit is different from incandescent light, requiring adjustments to emulate the light of incandescent bulbs.
Praise for the new rule focuses on the expected environmental benefits from using less energy. Criticism has focused on perceived government overreach and that consumers can no longer choose incandescent lighting even if they prefer it.
