Business

U.S. consumer prices rose 3.3% in March after a global energy shock tied to the conflict in Iran, renewing concern about inflation. Gold remains a traditional hedge but its effectiveness is now influenced by interest rates, market volatility and recent large price swings.

Pending home sales increased 1.5% month‑over‑month in March (down 1.1% year‑over‑year), while mortgage rates climbed to about 6.38% by month’s end amid Middle East tensions that also pushed gas prices higher.

Apple announced Tim Cook will step down as CEO on Sept. 1 and transition to executive chairman, with John Ternus named as his successor. The article reports Apple’s split-adjusted share price rose from $13.25 on Aug. 24, 2011, to $269.28, a roughly 1,932% return during Cook’s tenure.

Michael and Susan Dell gave $750 million to fund a new UT Dell Medical Center that the university calls the country's first "AI-native" hospital, planned as part of a 300-plus-acre research campus and projected to open in 2030.

Apple has appointed longtime hardware executive John Ternus as its new leader, and investors are cautious as analysts say they will wait for a clear AI-driven hardware roadmap before moving the stock.

Iran and U.S. officials said the Strait of Hormuz is open to commercial shipping during the Lebanon cease-fire, and oil and gas benchmarks fell roughly 9–10% after the announcement.

Apple announced Tim Cook will step down as CEO effective September 1, 2026, and will remain as executive chairman; John Ternus is named to become CEO pending board approval.

Ald. Debra Silverstein announced that Trader Joe's has signed a lease and applied for permits to open a store at Lincoln Village in North Park, and officials say required approvals are still pending.

The Office for National Statistics reported unemployment at 4.9% for the three months to February, while total annual pay growth was 3.8% and real pay growth was about 0.7%.

British Land raised its annual earnings guidance after AI and technology tenants drove double-digit rental growth at its London campuses, and occupancy rose to 95% at end-March.

Owners of the Pittsburgh Post-Gazette announced its sale to a nonprofit foundation that said it would keep the paper open, and the alternative Pittsburgh City Paper recently resumed publication under new ownership.

A study of more than 600 Northern Ireland teachers found 91% reporting work-related burnout and 95% identifying workload as a contributor.

Police in Winston-Salem say gunfire broke out at a park where teenagers had arranged a pre-planned fight, leaving two teens dead and five others wounded; authorities said no suspects were in custody and an investigation is under way.

A senior White House official announced that Labor Secretary Lori Chavez-DeRemer has resigned and will take a private sector position, and Keith Sonderling will serve as acting Secretary. The resignation follows reported inquiries and news accounts about her conduct.

Apple announced that John Ternus will become CEO effective Sept. 1, and Tim Cook will move to the role of executive chairman, ending his 15-year tenure as CEO.

A family in Maine borrowed from a husband's 401(k) and withdrew retirement annuity funds to cover rising energy, food, and fuel costs after savings were repeatedly drained; the 401(k) loan is being repaid through payroll deductions.

Mississippi College School of Law has become one of the first U.S. law schools — and the first in the Southeast — to require an AI course for all students, and first-year students completed a two-day intensive mandatory class last month.

Philadelphia announced free SEPTA rides from NRG Station after each of its six World Cup 2026 matches, while Boston and New Jersey are planning higher-priced transit for matchgoers.

A Pittsburgh family says a State Farm-hired mitigation crew tore out rooms after an ice storm and a public adjuster’s lead test came back positive. State Farm later reversed on a roof payment and denied additional living expenses, according to CBS Pittsburgh.

Multiple proposals to redevelop Penn Station are under review, including a Grand Penn plan that would relocate Madison Square Garden to make way for a new grand train hall; President Trump has said he prefers keeping Madison Square Garden in place.

Iran's Islamic Revolutionary Guard announced the Strait of Hormuz was closed and maritime monitors released audio reported to capture a tanker saying it was under fire; hundreds of commercial vessels and their crews are reported to be anchored and unable to transit on both sides of the waterway.

Argenx reported that the Phase 3 ADAPT OCULUS study of Vyvgart met its primary endpoint in ocular myasthenia gravis, and the company plans to use the results to support a supplemental Biologics License Application to the U.S. Food and Drug Administration.

Nine-year-old Riley Morrison wrote to Steph Curry after finding Curry 5 shoes only listed in the boys' section; Curry and Under Armour later introduced a Riley co-designed special edition, a $30,000 annual scholarship, and unisex sizing across Curry Brand shoes.

Treasury Secretary Scott Bessent said the White House is optimistic that U.S. gas prices will fall into the $3 range between June 20 and September 20, even as the national average recently climbed above $4 amid geopolitical disruptions.

The Packers enter the 2026 draft with eight selections and no first-round pick after the Micah Parsons trade, and the team is expected to lean on Day 2 and Day 3 to add edge-rusher depth following 2025 departures.

Massachusetts dispensaries are preparing for an influx of World Cup visitors to Greater Boston this summer, where recreational cannabis is legal for adults 21 and older; local officials and shop owners say outlets near transit and tourist sites expect more first-time buyers and will emphasize consumer education.

The article reports that labels marked 'cold-pressed' and clear production and expiry dates can signal quality, and that knowing the supplier is the most direct way to confirm an oil was fully produced in Italy.

The article reports P&G is launching an Aussie Miracle Curls Extra Moisture Jumbo Dual Pack exclusive to Costco aimed at families with textured hair, and that Tide and Downy have become Official Laundry Partners of the NHL in Canada while P&G continues WNBA partnerships.

Granville T. Woods filed an 1887 patent for an induction telegraph to let moving trains communicate wirelessly, and he prevailed in patent contests with Thomas Edison's company.

More than $1 billion in well-timed bets were placed on prediction markets and oil futures around Iran-related events, prompting complaints to the CFTC and reported inquiries.