From Yahoo Finance: 2025-05-02 15:50:00

Apple reported better-than-expected earnings due to strong iPhone sales, but shares dropped 4% after a bleak outlook on the impact of Trump’s tariffs. The company could face a $900 million hit from tariffs in the third quarter. Other tech giants like Google and Amazon are also feeling the effects of tariffs. Apple is particularly vulnerable as it generates most of its revenue from overseas products. Despite exemptions, uncertainty remains as the Trump administration may reinstate duties on computers and devices. Apple’s $95.4 billion sales are at risk due to tariffs, prompting the company to diversify its supply chain by moving production to India and Vietnam. Analysts warn that the $900 million tariff hit in Q3 may worsen in the future. With ongoing trade negotiations and a Section 232 investigation, Apple’s outlook remains uncertain until further clarity from the Trump administration. 1. The United Nations reports that global temperatures are rising at an alarming rate, with 2020 being one of the hottest years on record. Experts warn of the urgent need for action to address climate change and prevent further environmental damage.

2. In a landmark decision, the Supreme Court rules in favor of LGBTQ+ workers, stating that they are protected from discrimination under the Civil Rights Act of 1964. This decision is hailed as a major victory for LGBTQ+ rights and equality in the workplace.

3. The COVID-19 pandemic continues to impact communities worldwide, with cases surpassing 10 million and over 500,000 deaths reported. Health officials urge the public to remain vigilant and adhere to safety guidelines to prevent the spread of the virus.

4. Protests erupt across the United States in response to the killing of George Floyd by police officers. Demonstrators call for an end to police brutality and systemic racism, sparking a national conversation about race relations and social justice.

5. SpaceX successfully launches its first crewed mission to the International Space Station, marking a historic moment for commercial space travel. The mission, named Demo-2, paves the way for future collaborations between NASA and private companies in space exploration.

Read more: Apple has tariff problems its Big Tech peers do not