Business News

(NEW YORK) -- Apple announced its first-ever foldable iPhone at its annual products event on Wednesday as customers worldwide watched for fresh products, as well as the debut of Apple CEO John Ternus.The foldable smartphone, called iPhone Duo, folds open like a book, producing one continuous screen that is 80% larger than the company's latest version of the iPhone Pro, the company said, adding that when opened it will also be the […]

(NEW YORK) -- Barters Island Bees, a honey seller in Maine with flavors like "Gentle Ginger" and "Blueberry Lemon," grew year after year -- until a trade dispute broke out between the United States and Canada, chief executive Garret Denniston said.Sales shrank last year after a drop-off in Canadian tourists hammered business at farmers’ markets and fairs, Denniston said. But revenue has bounced back, he added, surging 75% this year compared to […]

Apple CEO John Ternus speaks during the keynote address at Apple’s “Surprise and Shine” event at the company's corporate headquarters on Sept. 9, 2026, in Cupertino, California. (Benjamin Fanjoy/Getty Images) (NEW YORK) -- Apple held its annual product event on Wednesday as customers worldwide watched for fresh products as well as the debut of Apple CEO John Ternus.Observers widely expect the company to unveil its first-ever foldable iPhone, marking Apple's splashy entry […]

The sprawling BP refinery is shown on Sept. 8, 2026, in Whiting, Indiana. (Scott Olson/Getty Images) (LONDON) -- The global price of oil topped $100 a barrel on Wednesday for the first time since July, as continued tensions between Iran and the United States added to uncertainty over future supply.The rise followed a statement on Tuesday by U.S. Central Command, which said that its forces destroyed five Islamic Revolutionary Guard Corps oil […]

(WASHINGTON) -- Retaliatory tariffs issued by Canada hit some imports from the United States at one minute after midnight Eastern Time on Tuesday, intensifying a trade war between the longtime allies and risking an escalation from President Donald Trump.Levies as high as 50% apply to hundreds of U.S. products, ranging from aluminum foil to raincoats to cheese. U.S. elected officials in states bordering Canada, including Republican Sen. Susan Collins of Maine, have warned the trade […]

(NEW YORK) -- A trio of progressive Democrats sharply criticized billionaires on their way to victory in House primaries in New York City.The clean sweep for candidates endorsed by far-left New York City Mayor Zohran Mamdani on Tuesday drew attention to economic populism as affordability remains a top issue for voters ahead of the midterm elections.In Manhattan and Brooklyn's 10th District, incumbent Rep. Dan Goldman lost in a landslide to […]

(NEW YORK) -- The Transportation Security Administration has launched a new program that allows some people without a plane ticket to go through airport security.The program, called Gateside by TSA PreCheck, allows eligible TSA PreCheck members to enter the secure area of participating airports to meet or see off friends and family at their gate, meet someone during a layover, or visit airport restaurants and shops.Gateside is currently available at […]

(NEW YORK) -- Hiring grew far more than expected in August, bouncing back from a decline in employment a month earlier, according to the federal government's monthly jobs report.Employers added 162,000 jobs in August, which marked a major improvement from 23,000 jobs lost in July, the U.S. Bureau of Labor Statistics data showed.Hiring came in well above a monthly average gain of 31,000 jobs over the previous 12 months.The unemployment rate held steady at […]

(NEW YORK) -- Diesel prices hit a record high in the United States on Friday, jumping to an average of $5.85 a gallon as the Iran war choked global oil supply.Gasoline prices also climbed on Friday, registering at an average of $4.14 a gallon, the highest price ever recorded at this time of year, AAA said.High diesel prices push up transport costs for many everyday products, including groceries, clothes and furniture.The average price […]